Just about 50% of stocks traded higher today, absorbing malevolent news from two different Fed heads –whose intentions were to hurt investors with invidious designs. The standouts were abundant in biotech, a sector that has appreciably underperformed the markets for 2016. While all sectors are currently in the black for 2016, biotechs remain lower to the tune of -12%.
Here were some standouts in the sector.
Energy related stocks took a breather, but firmed up a bit late in the day. Without question, short sellers are on the run from crazy men firing trebuchets. Bonds traded lower, as yields spiked. A calm breezy mood persists on Wall, paving a clear and indelible path towards higher prices.
If you enjoy the content at iBankCoin, please follow us on Twitter
>A calm breezy mood persists on Wall, paving a clear and indelible path towards higher prices.
Absolutely true, earnings season may give us an oversold read…..buy it
Especially, stocks that get the dreaded good earnings selloff..buy them
Trump will not get 1237
Hillary will be tossed
Spy won’t get past 2130
Mark it
Just as a reminder..I remember in 1998 folks were telling me Bill Clinton was done, the market was going to choke all over this impeachment and it was time to go cash.
They missed out on the most ridiculous bull run in our lives.
What if we pass 2130.Finish the prediction
If we pass 2130, Showtime will find some other way to predict gloom.
Showtime’s prediction is always for doom and gloom, similar to Devil Dog’s prediction, detailed here.
http://ibankcoin.com/rcblog/2011/09/30/mr-devil-dog-addresses-ibankcoin/
How much do you want for the ark now that you won’t be using it?
lol @ Gundlach, Stockman and hockey guy
and CIGX (lolz)
or CGIX. never mind.
What happens when most figure out
that the majority of the world is corrupt and yet
because they are so fucking greedy they
will do everything to keep it going.
Of course they will keep it going.
So I will continue to play but I intend
to avoid over levered fuck ups.