OT - CIEN et al
<p>I've been blocked by credentials from posting for
several weeks, which may be a relief for some ;-) But - CIEN had
impressive gains on the analyst upgrade announced several
eays ago, and now is down more then 4% on a downgrade. (Yes, I
thought about writing calls before this downdraft) They'd best
deliver in the upcoming CC. But it's puzzling/discouraging these
bi-polar swings.</p> <p>I'm also mystified why this
market is still mostly in love with Trump. 1. He can't seem to
implement 'broad' promises (e.g. huge corp reduction in taxes),
that have, and never had, any presentation of what that exactly
meant, the details of the plan, and how he was going to deliver on
it. 2. That scary 300 point DOW day drop based on more bad
Trump news is certainly going to happen again - and again. And I
can't imagine the drop that would happen if he stumbles his words
into something important (foreign power or whatever takes him at
his word) that his team can't explain 'what he really meant
was....' That works better domestically, but offend X country
and ....?</p> <p>I believe he will politically
down-spiral and self destruct - a death of a thousand cuts - all
self-inflicted, with some nasty stock action along the way. But
then I was wrong about Hilary beating him being a 'lock', and
earlier, that there was some negative economic impact from printing
money with nothing behind it. We're living in Paul Krugman's
economic fantasy world. Or...are we not - do current economic
indicators support market valuations, and all the Fed chicanery
worked with all upside, no bad consequences?? (Well, there was that
part of the 'middle class' that are now lower on the economic
scale. Probably voted for Trump, I'd guess.)</p>
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