November 2012

I Don’t Care Mode

Will the market go back into “I Don’t Care Mode”? This is the question investors must ask themselves if they’re playing this week. Other than constructive housing data that continues to dribble in, all of the other news is complete and total ass. But will it matter? Take the Moody’s downgrade of France last night….

Marco Rubio Explains How Old the Earth Is

Marco Rubio is a winner, he could quite possibly save the Republican party in the future. I know they’d never do a two-Floridian ticket – but a center-right, business-friendly Jeb Bush / Marco Rubio combo would be formidable in 2016, for example. And the man can dance. See how he deftly he answers this loaded…

Steve Wynn Cashes Out Ahead of the Cliff

You’ve got to hand it to the man, he certainly puts his money where his mouth is… Take Steve Wynn, the casino magnate, who has been a vocal critic of higher tax rates. He and his fellow shareholders in Wynn Resorts, the company announced, will collect a special dividend of $750 million on Tuesday, a…

re: the rally

A few things here – First, today’s snapback rally was one of the more predictable of the last few years. We talked about the setup for it yesterday. Everyone was too negative and stocks had dropped too far too fast. Oversold conditions were obvious by mid-week and by Friday they had gotten totally carried away…