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Buying the "Must Own" Stocks for Year End
Happens every year end. The fund managers dress up their portfolios with the "must own" stocks for the year end statement print in order to avoid getting sacked for picking the wrong plays in 2009.
Other than staring at Amanda Drury's cleavage today, there was not a whole lot happening today. Except to watch the mad dash into the bell, buying GOOG, AAPL, PCLN, etc.
Biggest winner 5 the last years:
And don't forget the "sacred sector", the one that has avoided any and all corrections this year and has been chosen as the designated "safe haven": REITs.
Led my none other than the shopping mall REITs with high exposure to Southern California:
Other than that, just watching and waiting for this to break one way or another:
Here is Amanda this morning:
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This ramping stocks scam is getting so
tiresome. The trading is so artificial
I doubt there is any real demand under it for
2000 Dow points. It's all about 2009
bonuses. The Bloomberg and CNBC anchors
now just sound like idiots.
+100,000
6 days of gap-up in a row. That is some kind of a record. Thanks to the ZH article about all the action happening AH in the /ES. That explained a lot.
Don't know about Bloomie, but the anchors on CNBC have sounded like idiots for a long time. And yes, the ramp job at the end is getting very old. We are witnessing a scam of epic proportions.
G-damn I love those guns
War's hell ain't it?
It's not that they're all that big. It's just that they possess...um...magical powers...
Damn is she ever hot today, Im gonna watch that again
this market is a joke.
I was already excited that this was the second 4 day workweek in a row...which won't happen again till 2015 btw. Then I walk in and what do I see on my TV but Amanda Drury. No morning that begins with that chick's smiling face can be called a bad day. Tho a screenshot or two might help speed the afternoon along :-)
did she get a boob job? they seem bigger.
i can't remember anything she said today but then again...who cares..she's just soooo good to look at.
"Must own" stocks, like FNM and FRE?
These were some solid numbers out of FRE today, delinquency rate up another 18bps this month, in line with the increase the past six months.
http://www.freddiemac.com/investors/volsum/pdf/1109mvs.pdf
Here are fannie's numbers, table 9, delinquencies up 26bps m-o-m, consistent with the monthly average increase ytd. so much for recovery.
http://www.fanniemae.com/ir/pdf/monthly/2009/113009.pdf;jsessionid=VRWLU...
Mandy with her collar popped...
http://tvperv.com/wp-content/uploads/2009/08/Amanda-Drury-Whote-shirt-cl...
Really have to love the hockey stick finish in C. Puts that EOD SPX ramp-to-green to shame.
Allows for headlines like this, from the heavyweight financial analysis of the AP:
"Stocks edge higher as shoppers step up spending"
Wouldn't want to ruin their overnight headlines, which are already written and submitted - just waiting on editor to fill in the exact numbers...
"Overseas Markets Up on US Gains"
followed by:
"US Stock Futures Up on Higher Overnight European and Asian Markets"
i can't wait til March when the 90 day lock up is over to see what the phuck Treasury (i didn't say geithner because he may very well be gone by then) is going to do with that shit C common they own. If the Fed doesn't buy it (and they very well may), who the hell is? I'm guessing they (we) are bagholders for a long time.
I love those tags Robo:
OR... aapl, goog, pcln, amzn, gmcr, etc are ALL poised to have BIG Q4s. Expectations are extremely low and company mgmts have been continuously TOO CONSERVATIVE since the Lehman-induced credit crisis.
But that CANNOT BE... I dont see iPhones anywhere.
The run-up is a risk-on trade. Its the smart trade bitches!
AMZN has low expectations? Like growing at 25% in perpetuity...
According to the Google Finance daily chart, the S&P slope approached infinity just before 4pm as the index became positive again, adding 15bp. Shocking.
Boobies with an accent!!!
What was the clip about, again...??
The movement up on FNM and FRE today and bank stocks that keep moving up despite the largest stock issuances in history in Q4 reconfirms that the market is totally rigged. Ponzi, ponzi, ponzi, oi, oi, oi. Happy New Year to all.
Don't ask why, just buy buy buy...
NEVER HAVE SO MANY KNOWN SO LITTLE ABOUT A MARKET!
When it comes to gold, Mr. Kass is as clueless as Joe K and just as bearish. I happened to catch him this morning along with Lois who sent me the following:
Doug Kass was on CNBC this AM, pounding gold … should any of your subscribers question you on this, here is your ammunition ... Kass's 2009 gold prediction, lol...
7. Commodities markets remain subdued. Despite an improving domestic economy, a further erosion in the Western European and Chinese economies weighs on the world's commodities markets. Gold never reaches $1,000 an ounce and trades at $500 an ounce at some point during the year. (Gold-related shares are among 2009's worst stock market performers.) The price of crude oil briefly rallies early in the year after a step up in the violence in the Middle East but trades in a broad $25 to $65 range for all of 2009 as President Obama successfully introduces aggressive and meaningful legislation aimed at reducing our reliance on imported oil. The price of gasoline briefly breaches $1.00 a gallon sometime in the year. The U.S. dollar outperforms most of the world's currencies as the U.S. regains its place as an economic and political powerhouse.
***
I mean is that the worst, or what? Yet they have Kass coming back a year later espousing more drivel re gold after making one of the worst calls possible on any market. It doesn’t stop Kass from going back to the well. He is not alone when it comes to knowing NOTHING about gold, as proven by his 2009 predictions.
It must be a depression cuz Robo is putting out less and less meat on the table every day.
Amanda's accent is interesting..so is that left boob. She would be awesom e as a redhead. Sweet meat.
νηπενθ?ς τ? ?χολ?ν τε (Homer)
Slow death by trillions at the time.
Well, I've given up shorting CRE. At a big loss. These stocks are next-to-god. They'll never fall, not this year at least.
Who holds REITs? Macerich? Simon Property? Hint: not you and I. Funds, hedge funds, mutual funds, insurers, financials, governments. These entities are likely to face little or no pressure to sell for the forseeable future. We need to see redemptions, further job losses, price inflation and dollar weakness affecting THEIR investors. To help that along we need: BOND VIGILANTES with backbone...
What we ARE seeing is higher nominal stock prices simultaneous with poorer balance sheets, a devaluing dollar and growing price inflation in essentials. All part of the plan.
Amanda - you are the new, no-nonsense voice on Wall Street.
In your voice I sense a stern disciplinarian. I believe you can discipline Wall Street.
Please, discipline Wall Street. Get your whip.
Whip it.
crack that whip
when a problem comes along
you must whip it
before the cream sits out too long
you must whip it
when something's going wrong
you must whip it
now whip it
into shape
shape it up
get straight
go forward
move ahead
try to detect it
it's not too late
to whip it
whip it good
Devo
http://www.youtube.com/watch?v=Xbt30UnzRWw