Futures are ripping higher because the economy only added 192k jobs for the month. The sages who bought up futures have deduced, in their infinite wisdom, that a weaker economy means The Fed will keep pressing on the QE pedal. I contend, in no uncertain terms, rates will NEVER go higher again–because the government has to service $20 trillion in debt. The only way rates are going higher is when we start paying down the debt.
Any guesses as to when that might happen?
WDAY caught two bullish notes this morning, one by FBR and another by Oppy. In summary, the analysts both said you people were retarded retards for selling WDAY, since their pimp hand is super strong and their game with the ladies is unmatched.
I don’t want to count any chickens before they’re hatched. I think a lot of sellers got flushed yesterday; but one can never be too sure. Whoever sold short beaten down growth names yesterday has to be feeling a little uneasy today. Of course they won’t feel the pain until these stocks base out and start climbing again. That could take a long time.
My best guess: growth stocks make a considerable comeback one week before their earnings are set to report. Who the hell wants to be short WDAY, with the stock down $30, in what appears to be another knockout quarter? The risk reward simply isn’t there for aggressive bears.
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My answer to your question is Honest Abe.
Or Art Vandalay, CFA of Vandalaly Industries.
Long YELP 500 shares before the open this morning, FLY sympathy trade FTW.
HEELP, SPLAT, FEYGOT never buy on a gap up!!!! Never!!!!!!!!!!!!!!!
How about when these stocks are back to all time highs? Will it be ok to buy gap ups then?
NOOO!!!
That is just a wiggle….stock is down 30% in a couple of weeks.
OUCH!!!
Above is the greatest classical piece ever made.
shit, i wanted to grab wday calls today. Yelp shares in the 70’s too.
Bought more YELP
I like my odds today.
ouch!
FireEye initiated with a Neutral at Citigroup (pre-open)
Target $60.
gap and crap in progress. selling not done.
YELP TWTR AND FB SO UGLY. UGH!!!
Furman: 1) We have had 49 months in a row of an improving economy. 2) We have created 8 1/2 million jobs.
OK, with that said, and it must be true, why do we still need to snort cocaine off of Yellen’s sleeve and why does Middle America not feel, 6 years latter, that the recession is over? Please, send in your comments for a clarification of what seems to be opposing statistics.
All the analysts will move price target way down on THE FLY junk.
Another one that is hard to understand, the Administration wants increased minimum wage. OK. But, won’t that make everyone above minimum wage want a raise too. Since there is no inflation in the economy won’t increased wages start that ball rolling? We are at LESS than 2% right now. Wage inflation could be the beginning of something not good as it will reverberate through the economy that is Enjoying, hehe, low inflation.
FEYE green. everything is ok…again.
down yelp help down!!
yep help is definitely headed for zeroish.