#ES_F $ES_F #SPY levels to watch...in chop they have been the same for the past 3 days - 2093.50 / / 2082 / / 2070.75
hope you guys won't mind me and as much as i love sporting the stockaholics beer logo ima have to bring my classic bear avatar back from the dead that i have been sporting at this community since my inception here in 2007 ... i don't think i have ever been AS resentful/bearish on the markets as much as i am this year ... not sure if that means we continue going higher or what lol! but, just sayin' hoping we see some fireworks after we get these fake new highs (if they are indeed coming...) out of the way!
I'd rather buy WEAT, which I did this AM. Chart for the last few months looks eerily similar, with a 10% move bringing both to just under the last high. However, IBB is an unknown play ST/MT but I feel from here WEAT will definitely go higher. Food shortages are erupting, riots in Venezuela, etc. Commodities as a whole are moving higher and they seem to be the safer play IMO...
Sounds like they came out with news just in time for that trendline bounce in biotechs. Something about Medicare, can't find links right now. But guys what about Brexit.
Tomorrow will be quite interesting with the Brexit vote and the stress test results for some of the banks
@Gil Oren http://www.marketwatch.com/story/he...edicare-cost-cutting-not-triggered-2016-06-22 Keep on spending like there's no tomorrow.
Some IMF critique of America mixed in with our Trump news today: http://money.cnn.com/2016/06/22/news/economy/donald-trump-rigged-economy/index.html I've secretly (well, not-so-secretly) been pining for Trump to name Sanders as his VP. It's possible since Sanders isn't a real Democrat. And it would be a real setback for someone like Trump (gained support as an outsider, trying to place himself as someone who will change the system) to go with Newt Gingrich. I love how Trump and Warren agree on their philosophical system (the entire system is rigged), yet that doesn't stop Trump from attacking her. Lol, the man knows how to keep media attention.
Getting out of my retail reit shorts RPAI and AKR for a measly gain in each - they just aren't breaking down like I thought they would. Starting to go to cash. Heading to France for a few weeks in a week and don't want to be holding too many positions.
Chanos: ‘Brazen' SolarCity deal is ‘corporate governance at its worst’ High-profile investment manager Jim Chanos blasted Tesla Motors' proposed acquisition of SolarCity on Wednesday, telling CNBC that the "brazen Tesla bailout of SolarCity" is a "shameful example of corporate governance at its worst." "SolarCity, whose bonds were yielding 20 percent yesterday, is a company headed toward financial distress. It is burning hundreds of millions in cash every quarter, a burden that now Tesla shareholders will have to bear, at a total cost of over $8 billion," said Chanos, who has previously disclosed bets against both firms. "And if you don't want to believe me, consider this: The combined market drop in the value of both companies is more than the equity value of the deal itself — which means that Tesla shareholders think SolarCity shares are essentially worthless," Chanos said. "Finally, it is hard for me to believe that this deal was not being contemplated when Tesla, and Mr. (Elon) Musk himself, sold shares just a few weeks ago." Tesla was not immediately available for comment. Tesla CEO Elon Musk founded both companies.
