"Aw Fuck, Not This Again!!!"
These "stocks" all made new highs today:
This biotech company has no products and no approved drugs, but it has a $446 stock.
Its $7.8 billion market cap makes it worth more than Tim Horton's ($7.4b) (which is a major affront to all Canadians).
This company has no equity. It's a fully owned subsidiary of the U.S. government. Speculators started buying this company at $.25 after 2008 on the theory that one day U.S. taxpayers would forget about the massive bailout. Now these speculators are suing the U.S. government in Supreme Court to re-privatize the company. Fannie Mae represents a multi-billion annual cost to taxpayers as well as an ongoing MASSIVE risk liability, since everyone knows that nothing has changed since 2008.
This stock market has no economy. The Fed prints money which speculators use to buy up this country's insolvent debt, which will work until it doesn't.
Greek stocks made a new 3 year high today
All in @Wynn
Despite rallying mightily, Biotech failed to make a new high today, so I suggest that it's "done" finally. Aside from the Intercept shown above with no products, no sales and no earnings.
Meanwhile, despite today's new ALL TIME HIGH in the S&P 500, the Dow is still below its high from December 31st. and Europe failed to erase yesterday's losses, aside from Greece of course.
Sentiment is beyond ripe:
Only Buy Signals
A Firmly Bullish Trend
Market in for a Wild and Bullish Ride
Bank Stocks to Double
Insiders are Selling Like It's 2008
And...the percent of stocks above their 50 DMA is still making lower highs:
Setting up for the HALO crash:
INVEST WITH BERNIE AT YOUR OWN RISK