You do the math.
Bad jobs markets equals no more Fed speeches menacing us with rate hike suggestions.
Today’s’ price action was capitulation. It also lured a fresh set of bears into the fray.
The perfect trap.
Up we go. Prepare to behead the heads of your enemies.
Top picks: BIDU, GG, SHAK, CLX, TWTR, AMCX
If you enjoy the content at iBankCoin, please follow us on Twitter
In Darth Vader voice: “Do not underestimate the power of The Bear.”
@fly, did you see the holmes movie? how was it?
It was good
Not to quibble but, it’s redundant to say ‘behead the heads’…
I know. Lots of things I write are grammatically incorrect. I take artistic license.
My four horsemen – TQQQ, IBB, FCX, CHK – and their Indian sidekick EROS will slaughter hundreds of bears this quarter. There will be blood.
Long. Full commitment.
“Full Compliment”….
Dammit
Da Bears!
Nice NYT hit piece on VRX: http://www.nytimes.com/2015/10/04/business/valeants-high-price-drug-strategy.html
“One argument for high prices on pharmaceuticals is that the money goes to research for new cures. But this is not a Valeant strategy.
While other multinational pharmaceutical companies spend well into the double digits as a percentage of sales, Valeant’s 2014 annual report shows that the company spent $246 million on research and development — just 3 percent of sales. Another way to think about that: Valeant paid its five highest-paid executives 1.5 percent of sales, or $123 million, last year.”
Bad jobs
Deflationary vortex
Rebubbling a revealed bubbled biotech
EMPEROR BEING SHOWN W NO CLOTHES
bought spy calls on wed. sold them wed at mkt close. bought qqq calls yesterday during the afternoon slump, holding. bought spy calls this morning when the mkt was [lol] down 30pts.
doubt we make new highs, but imo we go higher than the post fed surge.