JFC, the financial media does this every time. They say the markets are down because of Greece, then Greece buys more time for the upteenth time, and the market soars another 100 points. We desperately need a real correction, let it happen, and stop the madness!
this is still only a Phase I trial going on. This stock has been bid up in anticipation of this news, and the drug going to market is still years away.
And Oppenheimer also out with a note and an outperform rating with a $47 price target.
Out of the 20 oil and gas stocks he covers, he thinks Whiting has the most upside. His price target is $52, and that's under current market conditions. The analyst said Whiting's shares can accelerate because the company is showing that impressive well cost reductions are manifesting themselves in low F&D (finding and development) costs.
Sentiment: Strong Buy
And when the next crash occurs, analysts will be pounding the table about the "buying opportunity of a lifetime." Just one unexpected market moving event, and it's all over. Oh, one more you forgot I recently read: "Higest margin debt ever, and it's good for stocks."
Some good points. There's way too much margin here, and you're right, the Fed has nothing else but their 6 year attempt to expand the wealth effect. It's not working (trickling down), but they don't care, and the money managers certainly don't care. They'll continue to pump the markets incessantly.
The Dow is up almost 300 as I type. The shorts of course are covering, and everyone thinks it's new highs coming again. The Vix, and the leverage vix etfs are getting creamed. Institutions are all in, and have been for a long time. It never ends, the bots are going crazy. Conclusion....It's not don't fight the Fed, it's don't fight the futures traders.
That, and the fact that several well known big name hedge funds have just reported that they own WLL in their portfolio. I think we'll be trading around $36-$37 by Friday, and then over $40 next week or the following week. Today was another consolidation day, and the intraday 60 minute chart looks good, set up for a nice move up tomorrow.
If you were long VA, which you're not, you wouldn't have posted this garbage. There was no recent downgrade, in fact, the majority of analysts are very bullish on this grossly undervalued airline. The street knew about the union vote, so that's not market moving news. You keep shorting, I'll keep buying.
Palo, the move today doesn't make any sense, other than maybe the market makers accumulating inventory from shorts. The 10% move up is certainly not justified on a fundamental basis. I'm under water now, but I've seen this movie before. It usually doesn't end well for stocks in a protracted downtrend. If I'm correct, the volume will drop off more towards the norm in the coming days, and the stock will head back down.
GWRE had a weak report, with disappointing guidance. Today is your basic short squeeze, which will probably be faded, starting tomorrow. I'm thinking of betting against the market on this one.
Good theory, and maybe spot on. It's all about the money. All the "strategists,", "economists" and others are all after clients. Cramer? TV ratings and book sales. Jeremy Siegel? Book sales, and extra fees for guest appearances, and on and on. Frankly silversplode, I'm sick of all of them.
Some freaking economist on CNBC is touting a 45 YEAR chart, explaining why stocks are not overvalued, and investors shouldn't worry. That is not a misprint, a 45 year chart. They must think traders are really stupid.
Interesting perspective. I would argue it's considered more newsworthy because of the transgender decision, and how that's playing out in the liberal dominated media. Maybe Bill Clinton should become a woman, so that he can be the traditional first lady if Hilary wins in 2016.
But the market, or really the financial media, uses Greece as an excuse to rally, as if Greece is the only reason why the market could go down. Actually, to be clear, it's the futures traders that run the market. If they keep using Greece as a ping-pong ball, the markets won't have an opportunity for a badly needed correction. So to your point, you're correct, the fact the perception is it could be a Lehman moment, which is why they won't let it happen.