I’m so busy right now, I barely have the time to sip my afternoon tea (lemon) in between keystrokes. Sorry, but that’s the way things are for the moment.
This late day run is massive, but I don’t think the market has the energy needed to take the indexes green. It is time for a failed breakout, and I want the bears to throw the bulls over a balcony into a lit pit of petroleum.
The run in MGM has been amusing, in the way only losing lots of money can be. There’s no good news coming out of that company, yet they are getting pumped hard by certain nameless individuals.
Table gaming revenue plummeted on the strip, and while I accept that MGM’s recovery has largely been driven by conferences, it’s also true that the company has zero leeway for less revenue.
The tiniest faltering of income puts the company in end-game territory.
Now ladies and gentlemen, good audience of my stage:
I’m really, really busy, so piss off and get the hell out of my office.
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