Markets still act well off of the Greece “deal!” More names are breaking out. 60% of the market is still not working but the 40% is. The good get gooder. But yesterday, Celgene said it will pay $7.2 billion in cash for Receptos. Terrific! We own neither though we were eyeing Celgene as it headed…
We will ignore all the negatives we have been reporting to you on the markets for today. For today, it is time to accentuate the positives. And there are positives. Regardless of the 60% of the market that just ain’t working, the positives are: For starters, regardless of China…regardless of Greece…regardless of the slowdown in…
As this is being written, there are four different articles on supposedly four different deals that are happening with the Greece negotiations. Quite amazing! The bottom line and the logical outcome is simple. The math just does not add up and all parties know it. We can bore you to death with the numbers but the numbers change…
One country has to arrest people if they sell short, stop people from selling and prop up markets with borrowed money. Another country is proposing getting a huge loan to pay off a huge loan with both lenders and borrowers admitting the bucks will never get paid back. And our country, the one with $18…
“The highlight of the night was China, which after halting half of its stocks, disallowing major stakeholders (5% holding or more) from selling shares for 6 months, and threatening to arrest short sellers, the Shanghai Composite managed to gain nearly 6% on the day. What might be most impressive is that the index was down…
This is nothing right now…almost a tiptoe through the tulips. Doesn’t resemble flashcrash in any way. Back then, S&P dropped 100 points and came back up. If this is a hacking, then a lot of confidence is lost…but would they tell us if it was a hacking? There was a tweeted warning last night about…
SOURCE: http://www.bloomberg.com/news/articles/2015-07-08/this-is-why-so-many-chinese-companies-are-suspended
For years, you have been told that the economic numbers that were coming out of China were suspect. For years, you have been told to go to youtube to look at China’s ghost cities! https://www.youtube.com/watch?v=wm7rOKT151Y And then came the recent 100% gain in months. 1999 anyone? We don’t pretend to know exactly how this plays…
More deterioration BUT major indices rebounded nicely setting up some upside testing here. The bigger issue is the energy complex with another leg down and the semis worsening. Keep in mind, it is the underlying weakness we have been targeting for you and telling you to avoid. If more weakness shows up, eventually, major indices…
Futures are down a decent amount on the “no” vote out of Greece. We are being bombarded with “what now” questions but think we just update you on everything we have been telling you. Please do not think markets may be heading down out of nowhere. We have been writing to you about the deterioration…
