Markets

Futures up nicely as the tax deal gets done. Yesterday’s bear market is over. (not sarcasm) MU gapping up helping the SEMIS which just put in a near-term bottom. FDX gapping up, guides up and says tax bill will help. More cryptocurrency nuthouse action.  

SOURCE: https://www.wsj.com/articles/bitcoin-made-this-man-briefly-one-of-the-richest-people-in-america-1513197557

SOURCE: https://www.bloomberg.com/news/articles/2017-12-19/sec-halts-crypto-over-manipulation-concerns-after-2-700-jump

From yesterday’s report: “Longfin Corp (LFIN) just came public last week at $5. Nobody cared. And then the company announced: it would be buying Ziddu.com, which is a blockchain-empowered solutions provider that offers a variety of sources, including Microfinance Lending against Collateralized Warehouse Receipts in the shape of Ziddu coins. The stock was up $16.62 on friday…

Futures up strong and: Remember our report from yesterday/ LONGFIN (LFIN) is up $15 to $37 in the premarket…not a typo. Pre holiday week…markets remain strong and now, the weak SEMIS may be turning up. Foreign markets strong overnight. Earnings this week: CCL, DRI, FDX, MU, RHT, SFIX Tuesday. The rest of the week, not…

Back in 99, internet stocks were humming. I remember it well. Companies would come public and be up 5-fold the first day. Companies would add .com to their name and see their stock soar. Companies would change their name to make them internet-based and watched their stocks soar. Mutual funds changed their names to show…

Yesterday’s bear market is already over…before the market is even open. And that’s not sarcasm. COST, ADBE, JBL gapping up. ORCL gapping down. Not seeing any news to account for the gap except to get back what was lost yesterday. This weekend: reports on the tax plan, markets and other stuff.