what the heck fiscal cliff have to do with the market? The media drives investors to sell off so their boss can buy stock cheap!
Of course this is a casino here. Who would think otherwise? The cute black jack dealers do display a bit of cleavage, but there's really no other reason to patronize the establishment. I like the action hot and heavy--just like trading in the scam stock ZNGA.
I must say you are quite mistaken about this "minor" matter of the fiscal cliff. The majority of investors, certainly the public at large, are ignoring systemic market risk. This baby can and will turn on a dime, and it won't be a pretty sight. Of course, some kind of bill will be hammered out soon in Congress. That is a given. The huge question is whether Wall Street reads it as the paper facade it will be. We have a long record in this country to delay the really important decisions, as they are much too painful, and Lord knows, no one wants to inform the American citizenry of our true dire circumstances. Eventually, the markets will dictate reality. They always do, which makes this such a fascinating pursuit. The real action is likely to be found in our Treasury bonds and the dollar next year. Fortunes will be made if you can call the direction and timing correctly, which is by no means easy. It will just like the few who made billions from the subprime mess.
ZNGA must also respond to true market forces, not day to day hype. This stock is still in big trouble, and if you combine that with a serious market decline in 2013, it might be doomed.
Monday's session will be extremely interesting. It can go either way. Longer term, just buy some physical silver and a case of whiskey. Yes, I have another one of those 60 day drink tokens as of today. I must save them carefully, just in case I get thirsty. Did you see a drunk drove his car on Bill Wilson's lawn the other day in Vermont, thinking it was a parking lot? Some of my brother inebriates are so funny, or is it pathetic? "The persistence of these handcuffs is astounding. Many of us pursue it to the gates of insanity or death."
There is no reason to believe there will be a serious market decline in 2013... if anything, the opposite.. The FED is in place to ensure the market doesn't drop like it did in late 2008 and 2009... back then, the FED didn't care what happened to the economy.. the big shots on WS made their money and the repubs were leaving office and a big mess for the dems, deliberately I might add... I know many of you doomsdayers want the country and this administration to fail, but I say its not going to happen.. WS is making too much money off the FED's policies and they like it that way..
For the sake of my own 18 year old son, I most certainly do not want to see this country fail. If I can ignore Obama's economic policies, and I do grasp what he inherited and his most difficult position, I actually like the guy. He at least stood up to Netanyahu, while Romney was oh so willing to genuflect in Tel Aviv.
The problem is that there are inherent limits to stimulus, and we have now arrived at that point. I say the markets are in big trouble. You disagree. Let's check the numbers in late March of 2013. True, the power of the Fed can run much longer than anyone could anticipate in their wildest dreams, but with nearly four years of massive money printing, I believe the end of this shell game is near.
Even under the best of macro circumstances, ZNGA is in trouble.