A few days ago Terranova and a couple of others on the Halftime Report were totally bearish "omg the sky is falling I wouldn't touch equities with the devil's money" and today those same traders were yeah, yeah, let's jump in and buy equities big-time-bulls!
I'm convinced that most of those Halftime guys, as well as most of the traders on Fast Money, just want to look good by picking whatever is trending on whatever day they happen to be talking about. Much of the time they're just guessing, guessing, guessing.
And Cramer, yeah, he's right sometimes and really wrong other times. Take a look at LINN today. He's pumped that stock several times in recent months, once just the other day, and today, it's under an SEC probe and tanking big time, which given it's EPS and debt load actually makes a lot of sense. Yet, last night he was also pumping a Noodle company that was a recent IPO and it's up big today, which doesn't make a lot of sense given it's PE and EPS.
Hard to tell who you can believe or trust. So many seem to have a hidden agenda. Just got to keep reading, reading, reading, and searching, searching, searching, and most importantly, thinking for yourself without emotional interference.
Terranove is a trader, not an investor. Looking at the MACRO of BIO....well with markets expanding around the world and China/India now playing the health game......all added to the 77 million babyboomers set to retire.......I would say BIO is in its infancy especially given the new technologies/innovations, and discoveries.......its no mistake the big BIOs are where they are at if one considers the price of a stock takes in the FORWARD looking view!
To be fair, Terranova may be correct short term but again, he has missed more than a few calls as well....... so.......trader or investor is what each has tro decide he is AND...if CELG should fall back, well then i guess the BUYBACK becomes that much more meaningful!
All IMHO of course!