Apparently the biotech sector had been oversold, following the biggest two day rout of 2015, all thanks to Hillary Clinton’s comments regarding the price for drugs and the infamous price hike from the Turing CEO.
Shares of JAZZ are finally receiving respite. Unlike other biotech stocks, this company actually banks coin and will make over $10 in earnings during the fiscal year. It’s a buy.
Chinese PMI has fallen to a 6 1/2 year low. Look, all major economies have gone through these phases. The German economy underwent a hyper growth phase in the 1960’s, then cooled off. The Japanese economy went apeshit to the upside in the 80’s, causing everyone to fear they were going to finally conquer us, through purchase, in the 90’s. Do you remember that shit? I recall watching the news as a teenager back then, thinking Japan was an enemy for me to look out for, always trying to buy American real estate and fuck with American jobs.
China is slowing. The world will adjust, eventually.
In the meantime, what does the price of tea in China have to do with burgers in Brooklyn Heights? SHAK is a buy.
Finally, shares of CLX and other conservative old man stocks, that pay dividends, are a buy–especially in this environment. It’s cool to have growth in your portfolio when times are good, people cracking open champagne corks into each other’s faces. However, it’s a whole different story during bear markets. You will regret the day your Father asked your Mother to the movies, enduring a portfolio filled with growth stocks in a tape designed in hell.
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