Over 100 NASDAQS were lost today. You might still be fighting the good fight, trying to outflank the bears with sophisticated tactics. It’s too late, for they are armed with Tsar Bombas and will soon reduce you into a science lab skeleton for all of the children to laugh at.
Hillary Rodham Clinton took a look at the biotech sector and saw an opportunity to get short. She ran to her private email box and contacted all of her Washington friends to sell short biotech, ahead of her comments. Many of these fine gents bought LAPD and are quite erect right now, excited from the profits.
Granted, once President, Hillary wouldn’t dare mess with the healthcare lobby. She’s bought and sold by them 100x over. Perhaps she wasn’t getting enough donations from them and used yesterday’s comments to motivate them.
Needless to say, with the drop dead trading action of -3.5% in the sector today, I am sure she has their undivided attention.
Biotech is one of the pillars of this market. With it careening lower, managers are forced to seek out funds elsewhere to raise cash. If they aren’t selling BIIB outright, they will sell something else. Bottom line: when leadership sectors get lit up, it tends to have a domino effect on the overall market. That’s what today is all about.
We are severely oversold. Nearly every sector is being destroyed, a familiar tune as of late. There isn’t any respite, not even utilities. This is hell, gentlemen.
I hope you enjoy your stay.
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A strange game. The only winning move is not to play.
Good movie, maybe it should be showing at Le Fly’s Saturday Cinema this week
Evidently Dr. Falken wasn’t familiar with Treasuries
Do I have to do this for a living? My kids tell me that I don’t have a real job. But I guess that’s the point.
Would you guys be in favor of a living wage? Meaning, I get a set amount of money per month just for being a citizen? It wouldn’t be all that much and there would be no need for Welfare.. I mean just a living wage. Less than minimum but guaranteed just for being alive and a citizen?
living wage?
We have too much debt to worry about that. I’d cut military spending by 50% and nuke all potential enemies to hedge that bet.
Personally, no way would I be in favor of that, not for myself nor anyone else. It’s not actually that hard to work diligently enough to make a decent living. Why should anyone get what they haven’t earned?
much must be worked out before that becomes reality … but it will happen, more or less, at some point … perhaps in another 1000 years +/-
The United Steaks will not be around in 1,000 years. We will be a zombie wasteland.
very possibly so … there are prophecies for another civil war which divide the United Steaks into 5 Divided Territorial Steaks
Your post being taken seriously is truly scary. This creation of late that the world of only fiddling dancing phonewatching grasshoppers with no working ants will end well im sure
This is just a big sale. I like sales.
Marty Shkreli — God’s special creature. Do you still give out Asshat Awards?
I haven’t in a while. He is Eddie Barzoon.
Completely. This won’t end well for Eddie. Never does.
He doesn’t want to give up his watch.
Run motherfucker, Run.
F Hillary
Loved every minute today. Short into the sun.