TGIF Market Recap: Impossible Rally Continues


The Reformed Broker, AKA Colonel Mustard, here with today’s Market Recap

Ford beat their numbers today, the sun was shining here in Manhattan, ummmm I don’t know.  I’m trying to come up with reasons for why the Dow was up triple digits all day, but I guess sometimes, there are no answers. 

Shortie spent yet another day on the run, even with many fundamental factors on his side. 

I saw Nouriel Roubini on 5th Avenue this morning wearing a sandwich sign that read “It’s Just a Bear Market Rally, Schmucks!”  No one was paying any attention, I guess we’ll see if he has his revenge when the stress tests come out.

Oh yeah, the Casino stocks went batsh#t yet again…unreal, peep the afternoon look:

Leaders in Price Performance (Intraday)  
BOYD GAMING CORP [byd] +18.57%
LAS VEGAS SANDS CORP [lvs] +17.25%
Century Casinos, Inc. [cnty] +12.99%
Monarch Casino & Resort, Inc. [mcri] +9.73%
Isle of Capri Casinos, Inc. [isle] +8.68%
M G M MIRAGE [mgm] +8.04%
Wynn Resorts, Limited [wynn] +7.44%

The video above was shot by Phillips to show off their new 21:9 aspect ratio flat-screens.  I have no idea how they made this video clip, to me it seems impossible, much like the continued rally on The Street.  But I’ll enjoy it for what it is!

Thanks for reading The Reformed Broker this week, have a nice weekend and tune in tomorrow for Hot Links!

Full Disclosure: I currently manage accounts that are long F.

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