There’s about a dozen biotech stocks up double digits today, one of which I am long. Since it’s Xmas eve I will tell you said stock, as a gift from me to you (A Christmas Miracle!). PRVB. I am also enthusiastically hopeful for the following stocks — all positions of mine: ROKU, XP, GBT, CLR.
The latter is an oil play, which is subject to volatility. But ’tis the season for oil. Be patient and hold them and by spring your portfolios will be rich with grandeur.
Some random news items that caught my eye this morning.
Travis Kalanack, former CEO and co-founder os UBER is severing all ties with company and selling ALL of his shares. Good for him.
The S&P is +40% since last year today.
Trump is rolling back more EPA laws.
Byron Wien likes gold for 2020.
Bearish Morgan Stanley analyst on TSLA still believes stock will drop 40%.
Everyone is fucking bullish.
How can I sit here with markets at record highs, ebulliently singing higher, and tell you this will all end and how the fires are being kindled now and will burn bright and hot soon — crisping everything you see before you to a dark cinder? I cannot. So, instead of that, I’d like to wish you a very happy Pagan Xmas, to you and yours. I hope you purchased more than I did, wasting time at the mall, Target, and wherever the wife directed you. There is much yet to do, last minute presents to wrap, and food to prepare for tonight’s festival. It is not time to relax.
Since I’m booze-free until summer, I will not be enjoining you for a drink by the fireside. Plus anyway, it’s 60 degrees here and the southerners around me will probably be firing up their smokers soon, roasting whole pigs on a spit. I will be cooking a rib roast to medium rare, no matter how many times Mrs. Fly tells me “it’s still pink, we’re gonna get poisoned.”
“Incorrect Sir!” will be my answer. I will not tolerate such ramblings from a crazy person. A well marbled prime rib should only be served medium rare. Periodt.
I am sure there are one or two items for me under the tree. But the gift I am looking forward to most are my black plastic disposable gloves that I bought on Amazon. Gone are the days of my hands smelling like onions and garlic after I cook a meal. Now when I am Iron Chef in the kitchen, I will adorn professional grade black plastic gloves. Why does that make me happy? Who knows? Perhaps I am insane.
Happy holidays and to my jewish friends happy Hanukkah. Don’t slip on those dradles spinning all around the house.
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Cramer says “Don’t fight the Fed”.
Well, if you had followed that advice a year ago,
when the Fed had RAISED the discount rate mutiple
times, you would have NOT BEEN IN THE MARKET
with SPX at 2350 exactly one year ago.
The Fed did not cut rates (Discount rate) until
July 2019 with the SPX at 3015. So you would have
MISSED a third of the advance, with the SPX now
at 3220. Trumpista Cramer is FULL OF SHIT.
Merry Happy Cap’n! : )
You mean Chanukah.
Merry Christmas, Happy Hanukkah (or Chanukah if you prefer) to the Fly house and all readers.
Merry Christmas to you and yours Dr. Fly! I’m back from taking care of my Dad’s house out of town.