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Deflationary, right . That means well pay more for the future earnings for these two biotechs, and then youve got the ideal situation to buy celgene and gilead, but have the futures down first. Speaking of trampolines underneath stocks, during the earnings periods past, i made note of which companies were doing real buy backs. Not the ones that allows execs to sell options into, i mean buybacks meaningful every day, that were impactful and buoyed stocks up on ugly days on the market. Because again im thinking about the down ten, down 15 futures call here. Do you know there was one that really did act as if it was just a big firefighter trampoline. One of those nets. You know what it was . It was viacom. Viacom. Heres a company that doubled its monster buyback from 10 billion to 20 billion when it reported. The stock has not given you a single break to get in. Still hasnt. Huge buyback is just standing there. If you get a selloff from the rockets red glare in syria, i say you buy viacom ....
But if we get a pullback, im buying because thats exactly what a correction is for. We saw bunch of circle backs all day today. Day where the dow gained 38 points, s p climbed. 27 , nasdaq jumped. 41 . We all have our lists of whats worth circling back to, what got away and what never looked back until now. When the combination of syrian air strike fears, and anger about upcoming political wrangling in washington have cast on the stock market and theyve combined to keep, lets say the average is not doing much this month except for going down. Keep in mind that this toxic brew along with higher gas prices and stretched stock valuations have made the market more perilous than its been in some time. Weve got to ask ourselves, which are the least perilous stocks we buy once you believe the market has baked in the latest bad news . I dont think it has yet. But maybe you think the worst is over. Im going to try to help you, okay. Let me give you the list ive been working off of. In part beca ....