SPUZ got down to 1043 or so - or up only $6 on the day and Geithner and Bernanke started hitting the buy key or smacking the dollar - same difference these days. GOOG the zen beta master is up an impressive $8 dollars today - and why not? It is one of the 4 horsemen per the Bald guy - one of the horsemen, RIMM does not got mentioned that much anymore as the horse is just a horse with no rider to whip it.
The animal spirits are alive and well - was last weeks morose just a joke? Is CIT not a problem for small business operators? Are stocks not up a whopping 60% from the lows? Are jobs plentiful? Are jobless benefits not running out for millions of people? Is wall st. partying mroe than ever with other peoples money? Absofrigginlutely - Obama does not get it - he says he wont let Wall St. be irresponsible - what is it when you let AIG, who is probably calling the treasury on a daily basis saying we dont have the interest payment money, trade all day?? Is that responsible?
Imcutting back my bids on secondary offerings these days - my allocations have been bigger and many of the deals are just not that great.
Be long GS, AAPL, GOOG, AMZN and short everything else - thats what the whole street is doing.
JB
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