It’s very nice to see futures up the way they are. However, need I remind you there is a July 20th bond payment due in Greece and they’ve yet to pass this deal through parliament and the EU has yet to loan them a shilling? I didn’t think so.
It’s very possible that the whole deal falls apart and markets go right back down the toilet bowl.
Or, it’s entirely possible that a deal does get done and the shorts go down the toilet bowl.
These are the choices you have to make before allocating resources to the market. It’s what makes a market.
Personally, I’ve been amused by the Chinese stock market, immensely. Those crazy bastards are full tilt, coked out and strung out– long shit. None of their companies have reliable audited results. It’s a game of smoke and trap doors, amidst shadows and funhouse mirrors–complete and utter shit. Having said that, I hope my CMCM does well today.
ANAC is through the roof because of positive data. This goes to show you, no matter how expensive biotech gets, it can always get a little crazier. We are living during a time of technological breakthrough in both engineering and science. You’d be remiss if you didn’t own at least one biotech pinless hand grenade. Right now my frag weapon of choice is ONCE.
Let’s see how this fucker opens and let’s try to refrain from pre-mature celebratory champagne openings into the faces of bears.
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Just a reminder to some that if the ANAC data had been negative they would be sitting with a stock probably down 40 pre-open.
But it wasn’t
Thanks for the insight. That logic (i.e. bad news is bad) also works for other stocks.
All I’m saying is that bad news in Biotech can mean a 50% drop while for most other stocks it’s maybe 10%. Hate to see someone new to the game blow up their account because they think it only works one way.
The Visigoths have broken free of the Rhine.