Market Recap: All Swine Flu, All The Time!

[vodpod id=ExternalVideo.816076&w=425&h=350&fv=]
 The Reformed Broker, AKA Daddy Long Legs, here with today’s Market Recap

It’s Monday, so that can only mean one thing…Yes, that’s right!  A new restructuring plan for General Motors (GM)!  Maybe this, the third since January, will stick.  And BTW, they’re blowing out the Pontiac brand, which is a shame. 

The action today was dominated by the Swine Flu Hysteria, and of course, the small cap biotechs that may or may not (probably the latter) have workable drugs for it got the predictable pump-and-dump treatment…here is one such example:


I’m not playing that game this time around.  If you bought BCRX or any of the related names, you got smoked like a Camel Light…serves you right.

The positive news is that Bea Arthur, my adolescent crush from the mid-eighties hit TV show The Golden Girls, died peacefully of natural causes, not from swine flu as had previously been speculated.

Speaking of Swine Flu, Ken Lewis, the embattled CEO of Bank of America (BAC), is probably pleased as punch to have his headlines knocked out of the way, at least temporarily.  John Thain called him a liar in the press his morning and today would’ve been a nightmare for this guy.

In other news, Sheila “Build-A” Bair, the head of the FDIC, spent quite a bit of time on the business networks today, looks like the Stress Test Plunge Protection Team is already priming us for results that may not be either truthful or encouraging.

For a quick guide to Swine Flu Preparedness, see my earlier post here.

Thanks for reading, see you all here tomorrow!

Full Disclosure: I currently manage accounts that are long GM, no other positions mentioned.

What's been said:

Discussions found on the web
  1. penis envy mushroom strain commented on Sep 14

    … [Trackback]

    […] There you can find 96088 additional Information on that Topic: […]

  2. immediate edge review commented on Sep 22

    … [Trackback]

    […] Read More here to that Topic: […]

  3. bitcoin evolution reviews 2020 commented on Sep 23

    … [Trackback]

    […] Read More Info here on that Topic: […]

  4. is blazing trader a scam? commented on Sep 26

    … [Trackback]

    […] Info to that Topic: […]

  5. bitcoin loophole review commented on Sep 29

    … [Trackback]

    […] Read More to that Topic: […]

  6. click here commented on Sep 30

    … [Trackback]

    […] Find More to that Topic: […]

  7. 안전공원 commented on Oct 18

    … [Trackback]

    […] Read More Information here to that Topic: […]

  8. british dragon steroids 2020 commented on Oct 22

    … [Trackback]

    […] Find More here to that Topic: […]

  9. 먹튀검증토토 commented on Nov 07

    … [Trackback]

    […] Find More on to that Topic: […]

  10. Digital Transformation consultants commented on Nov 13

    … [Trackback]

    […] There you can find 1712 more Information to that Topic: […]

  11. best dumps shop commented on Nov 16

    … [Trackback]

    […] Read More on that Topic: […]

  12. enterprise devops commented on Nov 18

    … [Trackback]

    […] Read More Info here to that Topic: […]

  13. tangerine bank account sign-in commented on Dec 05

    … [Trackback]

    […] Here you will find 3986 more Information to that Topic: […]

  14. Library commented on Dec 30

    … [Trackback]

    […] Info on that Topic: […]