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Author:

Jam ok

Subject:

Off Topic

Date:

05/24/17 at 1:55 PM CDT

 

 

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Sentiment:

Neutral

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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