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I have your car towed all the way to your house and all you’ve got for me is *lite* beer? – Biff Tannen Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See
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There’s the fade that the bulls didn’t want to see. It’s not quite slippery out there, but it’s muddled. Breadth isn’t bad, at about less than 2 to 1 negative, but there’s no oomph out there. So be it. More importantly, I’ll be
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Let me cut to the chase. I’ve got a brand new long stock pick for the portfolio. This name’s gotten crushed on no fundamental changes to its business during this big downturn, and we’ve now got the opportunity to buy the stock near 52-week lows and
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“You gotta build a base.” 0.01% — that’s how much the Nasdaq is up as I write this. And that’s not a bad thing for the bulls at all, as I keep saying. Because building a base is important, as one of my old UNM Lobo basketball teammates
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Some lyrics that likely capture the market’s mood out there to finish up the day: Comin’ down the mountain, one of many children everybody has their own opinion everybody has their own opinion holding it back hurts so bad jumping out of my flesh and i said – ‘Cash in!
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It’s slippery out there again today and my little “hey, it’s less than 1% today” statement didn’t last through the Ruidoso lunch time. You guys know what my stance is at this point — letting the markets play this phase out a little bit more. I bought more
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Back about five years ago, one of my mentors noticed that the S&P 500 hadn’t had a 1% up or down day in months…I’ll pull up the actual stats for you guys later, but the point being that are times in the markets that are
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“And we’re back.” I bet I said that 2-3x per show during my 528 episodes of hosting Fox Business Happy Hour. But I mean it in an entirely different context this time. This time, I mean, “And we’re back to where we were before the idiots at
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I spend a lot of time trying to look past the headlines, as you guys know, because I think the headlines are usually misleading, stupid half-truths. At best, the headlines can tell you what is already priced into the markets. At worst, they’re used as propaganda. Anyway, today’
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Good morning and welcome back to the rodeo. The markets are up on the day, about 1% or so. It’s really that steady, nice action that the bulls have sorely been needing — this bottom’s looking like it’s going to be a process. Google buys Motorola Mobile and
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And that’s just about a wrap on another crazy week at the markets. We’re into the contra-hour and the day’s steady rally has…wait for it, wait for it…held. Yes, we’ve actually had some steady, non-dislocating action in the markets today. That’s
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Here’s a list of my positions, both long and short, in approximate order from largest notional position to smallest: Longs – Cisco Marvell Google Sandisk Nuance Apple Microsoft Cypress Riverbed DBA Ciena Corning Visteon Adtran Shorts – LPS Wells Fargo Cablevision Live Nation SLV
