Recently, the market has been flooded with successful ipo’s, mergers and junk bond sales. Take a look at this junk bond etf, [[JNK]] , on fucking fire. Year to date, the market has absorbed 100’s of billions of new low quality paper, effectively bailing out everyone. If you take a step back and think about what has transpired, over the past 6 months, it’s truly amazing.
The architects of this economy, The Fed, won. They defeated all of the cancerous doomsday circle jerkers and gave this stupid country a second chance to get it right. Naturally, we will fuck it up, just like the tv, automobile and refrigerator; but at least we have some time to get high and fat, before we are sent to Chinese prison factories.
With rates at zero, investors are buying up toxic assets. That’s right. There is demand everywhere. Do not be surprised, sometime soon, to hear of “mark-ups” reported by our dumbest banks.
With regards to m&a:
Inside of two weeks, two IT companies were bought out, first Perot Systems Corporation [[PER]] , now Affiliated Computer Services, Inc. [[ACS]] . If I had to take a wild stab, I’d say Computer Sciences Corporation [[CSC]] , Syntel, Inc. [[SYNT]] , Acxiom Corporation [[ACXM]] could be on the block. For a dice roll, take a looksy at Unisys Corporation [[UIS]] .
As an aside, with Omniture, Inc. [[OMTR]] getting bought out, ValueClick, Inc. [[VCLK]] , Marchex, Inc. [[MCHX]] , IAC/InterActiveCorp [[IACI]] or [[MWW]] are “potential” buyouts. Like I said earlier, the “net” is back, with great veracity.
Bottom line: Wall Street is back and there is nothing you or your stupid friends can do about, as long as money is cheap and cocaine is available. As the market rises, companies will get aggressive and buy each other out, like cannibals without food. All in all, barring a normal correction in the indices, I can’t think of a reason to get short for the remainder of 2009.
Buy the junk; position for more deals. Ahhh, it’s like 2006 all over again.
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fig.
FIG
fig
IAG
lol.
FAGS.
The Great Bull was born in pessimisim and is now climbing above skepticism before reaching optimisim?
Total optimism is growing stronger every day… looking forward to October/November decline
Pest, I mean, pessimist.
How low can mortgage rates go?! I cant wait to see what rates will be when the GOV stops buying them.. 9% ?
Psssst. Panda bonds. Buy’em if you can get’em.
SQNM just blasted the arms, legs, and schlongs off their shareholders. All their previous test results were shady, CEO resigns, no forward guidance…honestly, it could open at $1 with this news.
Sequenom (SQNM) Kills All Hope
September 28, 2009 4:15 PM EDT
The investors sentiment on Sequenom Inc. (Nasdaq: SQNM), following news that they completed an independent investigation related to test data for the noninvasive prenatal test for Trisomy 21 (Down syndrome), looks grim.
While investors wanted a clean house (executives terminated), there was not one positive from the release. This could re-open 50% or more lower.
The company reiterates that it is no longer relying on, and the public should no longer rely on, any of the previously announced test data and results for the company’s noninvasive prenatal test for Trisomy 21.
This is why I hate biotechs like Gordon Gekko hated airlines. Shitty unions in the case of airlines. Way too much headline risk in the case of biotechs. Learned first-hand the definition of biotech headline risk when I once got my nuts chopped off while resting them on the table and simultaneously long NPSP at ~$14. Now my keyboard breaks out in hives if I even think about typing in the symbol for a biotech.
fid
Fuck biotech.
Wow.
.01 to $13. Amazing
http://finance.yahoo.com/q?s=VRMLQ.PK
holy sweet potato pie batman…….
They make pasta?
Another potential company that may be bought out is ZIXI. They do e-mail encryption and e-prescriptions. At $2.20, the company may be a steal.
FIG means?
To me it means “King Cock Is God”
HA! Agreed.
This will be called “The Crox” rally of 2009….. the squishier and sweatier the better.
With Hockey Stick charts all over The Fed…..why not a Hockey Stick S&P.
$100 Tomatoes[sic] indeud
40 week cycle doesn’t end until first week of November. We rally through October.
Fly Said: “The architects of this economy, The Fed, won.”
May those that actually produce things for a living forgive what you paper pushers have become!
“When you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing — when you see money flowing to those who deal, not in goods, but in favors — when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you — when you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed.”
Ayn Rand
Ayn rand can suck my cock.
One day your kids or wife will Google “The Fly” and find this comment. Plus you don’t really want her to do that.. I heard she’s got a jagged tooth.
shut up.
Ever proving the saying that “you can’t make chicken salad out of chicken shit”.
fid
“I heard she’s got a jagged tooth.”
That’s OK, as long as she has a magnifying glass and tweezers.
Go buy a CD swap and then naked short sell the underlying security until you’re snorting coco puffs off the belly of a brazilian super model in your candy apple green lamborghini.
I still like you, even though you are a douchebag.
Very well said SIERRA MTN !!!!!!!
You know, what The super Fly does not realize is that he is actually living through the decadent period of the Fall of the American Empire. I guess he is too busy concentrating on his worn out Cock !!
Have a beer on me Sierra !!
go fuck a buffalo
YHOO?