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Friday, November 08, 2013 11:06:08 AM
I too share disappointment in no kick up today in common and pfds
but
when I come out of the forest to look at the trees
1. I see great numbers yesterday
2. I wonder - what was new - news ?
Was not the bull case built on earnings and reversal of tax credits to get to net zero by year end?
So if I am that cocky - what would be news /
If someone in the administration said - for example (not a prediction) - yes we want private money - a lot of private money -but we still see a role for FNMA
that would be news that would double all stock prices - common and pfds
the great numbers on Thursday - might they in "street" language have been built into the cake?
and in street language and thought and wisdom - is it not the practice to buy the expected or the rumor and sell the news?
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