All indices are making new highs.
Internals of the market were strong.
Ironically Doug Kass keeps coming with his "brand new & latest reasons" why this market will fall sharply.Mr Kass has been bearish since S&P 500 was @ 1000......so he has been "whistling past his short graveyard" ever since...it is dangerous for any ones financial health to be short & WRONG for almost 33%....WOW but he keeps yapping away ????
In my Portfolio :
Doubled my position in MGM @ $15.72...it is now my top holding.MGM reports before open on Monday...expecting higher than consensus guidance.......they are expected to report for Q4 a loss of 22 cents & revenue of $1.5 billion...for Q1 they are expected to lose 19 cents on revenue of $1.5 Billion......
Portfolio is BAC,FFIV,F,MGM,RIMM....
By noon Saturday, i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
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