TEVA buys ASPX for $3.2 billion in cash. ASPX has no sales. That’s not to say that they wont have sales going forward. Just remember what we told you. The biggest bubble by far is the bond markets around the globe. $14 trillion will do damage. After that, it is the massive number of NO…
We wrote this traveling from airport to airport yesterday. We added a few things this morning. After a nauseating week, a little relief because of 3 things occurring late in the week. The all-important biotechs were slammed down to the 50 day where a rumored buyout in the group stanched the group’s bleeding. It will…
Lots of travel this weekend so have lots of notes… After a nauseating week, a little relief because of 3 things occurring late in the week. The all-important biotechs were slammed down to the 50 day where a rumored buyout in the group stanched the group’s bleeding. It will be vital the 50 day holds…
Nice 12 hours to get from Florida to Tucson yesterday leaving us in no mood to write. We will have a full report over the weekend on this week’s nausea. Yesterday is what we call non-descript anyhow. Have a great weekend…and don’t forget…we told you Kentucky could beat a few NBA teams.
Like clockwork. They refuse to let the market correct. Source:http://www.ft.com/intl/cms/s/0/e76c5034-d3c7-11e4-a9d3-00144feab7de.html?ftcamp=published_links%2Frss%2Fworld%2Ffeed%2F%2Fproduct&siteedition=intl#axzz3VC0aWXt3
Not kidding! It has been our contention all along that the last thing Janet would do is raise rates and if the markets got in any trouble or the economy starts to slip, some sort of QE4 would be right around the corner. Well…first off, the economy is slipping. We have always thought that an…
We are almost running out of things to say…almost. A quick glance shows the NYSE where is was 10 months ago…the TRANSPORTS where they were 6 months ago…the S&P 4 months ago…with the better action in the NASDAQ,NDX and for a change, the small caps. It just remains a very split tape with not much…
With the indices doing nothing yesterday, we just wanted to highlight an area that we have been somewhat bearish on that just may have turned into just plain bearish. When you have a moment, time to check out the RAILS. KSU was yonked off of a cutting of guidance. This news and movement impacted the…
We have been telling you for ages that markets are on a central bank-induced asset party. Nothing has changed. Mrs. Bubble teased away with “patience”…”no patience”…”data dependant” and a whole load of bullcrap. The bottom line is that Janet is not going to raise rates unless the markets force her to and so far, markets…
Back in 99, any company that announced a website saw their stock soar. Companies were changing their names adding .com to their name. Mutual funds changed their names to “internet.” Unfortunately, many of those companies had squat and are now nowhere to be found. Fast forward to today. Over 130 Biotech companies have been brought…
