The beta buyers are relentless, GS, AAPl, AMZN, GOOG - with real props going to GOOG which was up a 1999ish $18.80.
Can GOOG repeat this tomorrow? we know the SPUZ will be up b/c thats what they do, we are back to the permabid government ordered allday buying of risky assets. Tomorrow AAPL should shake off the fear that GOOG might take market share and they will both go up 3% - sounds like a plan. AA (not alcoholics annonymous) Alcoa "beat the street" they made a whopping .04 a share - they said very interestingly that the stimulus plan is working, its working so well they made .04 cents a share which on an annualized business works out to a PE of 88.75, lets say they can increase earnings by 100% that would make the PE 44 - such a deal?? after hours the stock trades higher _ i guess the street thinks the earnings are going to go back to peak numbers - you know like 2007 numbers when clerks at Taco Bell were buying 1 million dollar houses and getting cash back at closing.
I dont know what to think right about now - this is sure starting to feel like Septmeber - down the first day and then off to the races for the rest of the month.
We shall see, we shall see
JB
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