Greece: It’s Never Over

The planet earth remains cautiously optimistic that European officials will resolve their differences for their second bailout. At stake is a 130 billion euro ($172 billion) bailout — the second rescue in two years — and a related write-down for private bondholders that aims to knock €100 billion off the country’s debt load. This should […]

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Apple Topped

….as he stated the obvious. The text on the chart pretty much explains it. You can’t make new highs day after day on lighter and lighter volume, it got crowded and the fun ended. Everyone made money, now it gets tougher to make easy money in the name. Yes it probably tags 600, maybe by […]

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Flip That Coin

Sometimes you have to be bullish because everyone else is, sometimes you need to get a little bearish because no one else is. It’s that constant contrarian vs. that “just follow the flow” dynamic. Stocks are back in the land of Pandora right now. I’m long so that’s good. I was 80% long in January, […]

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The Wrap 2/7/12

{+++} The market chopped today, there were many fits and starts, but it ended with a lack of conviction either way. I am weighted in biotech right now and  although the rewards are great (see GNOM and KERX) the hits can be tough. Today ACHN was downgraded over at Bank of America, so the fast […]

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