The last time Microsoft gapped higher by 8% premarket? Well if someone asks you tomorrow you can say Oct 23rd 2009. Today would be day 12/14 if (did I really type if?) the SPUZ close higher.
AMZN is up about $16 premarket and in this market is probably a better buy than a sale.
I am having a ruff go this month - this bull is goring me and my investors - a managable loss thus far this month but a loss nonetheless. My wife says why cant you just be long the market? Damn good question. I see the macro news flow and it is all so negative - by inlarge companies are reporting good earnings with only the truly exceptional ones showing top line growth - the rest are showing good numbers cuz they fired huge amounts of workers. So I dont know how that is a positive in the long run. Permabulls like Ken Fisher in forbes say this V recovery will keep going - mind you hes always long and for a decade watched as the market returned zero point zero. This bullrun is taking a lot of people out of this business - the commercial real estate situation is still very dangerous, there was a story on Bloomberg yesterday that the Tishman familys big NYC apartment complex will be in default shortly to the tune of 1 billion dollars the biggest default in commercial real estate history - ok isolated case right? But what does that do to the value of the building next door and the one next door to that? Yet the reits are among the best performers out there - and you could say OK they will just ride it out but if property values fall and the new operator can underuct your rent by 20% then waht do you do - then you have a real cash crunch. oh well - sell your properties and buy AMZN and MSFT thats what you do.
JB
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