Bull or Bear? The Bulls have not blown a save in a while (baseball metaphor people), the Bears on the other hand look like the Cubs bullpen...We have traded in an amazingly narrow range for the last 3 hours, I dont think the bulls have any good pitches left for the close today, its up to the bears to throw strikes into the close.
Im picking up a new convertible position in NHC, the NHCpA trades at a low premium to parity and those are they types of converts I like to buy.
MPGpA has batttled back down only .26 cents on the day, the REITs as a group though are very weak with SPG down almost 6% (schwing!!!)
We are getting to the inflection point, 215 pm central where markets usually make a move.
One darkmatter stock is bucking the trend today, CITI is down a penny - who even cares?
JB
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If you have been following this blog since its inception about three weeks ago -- enjoying but slicing through the folksy style; poor grammer and spelling (may be intentional, who knows?); wit; sarcasm and generally cynical outlook -- you would have put yourself in a short position to really benefit from the selloff that started Friday and picked up momentum today.... Better advice than you can have gotten or did get from the "bs" pundits on CNBC (especially that obnoxious bald one who thinks he is God's gift to the financial universe)and many other of our market "sages".
ReplyDeleteJust goes to show that real insight can often be found in obscure places. However, once found, they are no longer obscure and "fame" always corrupts. To this reader, no such danger will exist for quite a long time to come.
anonymous reader: falco pregrinus
Im gonna just keep calling em like I see em, thanks for the supportive comment
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