Election or the overvaluation of stocks, and they just come in and buy buy buy their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it
Their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then
Their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the marketet first, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutnal shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysys understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then y
Today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then you shout them from the rooftops. Exhibit a, is an excellent piece from barclays today called be
Is taking up the big industrials away the witnesstreasured healthcare names, at least until today, where they tried to rebound. Industrial and tech have been dollars. Tell that to the ceos of of course google, and amazon, who stopped the shorts last night. Down there giving them the business with magnificent earnings and fabulous Conference Calls. More on that later. That doesnt mean my thesis goes today healthcare may have escaped from the bears den. Footwear star sketchers fell short of estimates, something well talk about later with the companys cfo. You dont want to miss that. We go to next weeks game plan. Come on, thats the drill. Radical moves already, we have to be ready for the second big week, where the performance of reserve. That doesnt mean we can ignore the macro data. What are the homebuilders waiting for . How about the new home sales data on monday . Weve also got one Earnings Report ill be following closely on monday. Thats broadcom, a Big Semiconductor company. This