Market Thoughts

It seems that the market has wanted to go down for awhile now, and only the periodic "more stimulus" press releases from central banks have created big rallies.  Look at how narrow stock leadership has been on the bounces.  While it's true that a rally is a rally is a rally, it's a bit unsettling to see "buying and holding" an index feels a lot like running in place these days. 

That being said, I am still long and diversified. I do have some cash and it is tempting to buy the dip. As usual.  

• I thought $FB earnings were great.   I still think the Facebook will be one of those "I wish I would have bought it 10 years ago" kind of stocks. 
• I also liked $LVS earnings. Las Vegas Sands also increased its dividend from $.50 to $.65.  That's a 30% increase! Try to get those returns on a Macau slot machine. 
• Anyone else feeling a little suspicious about $BABA? Alibaba earnings numbers also bringing down $JD today. 
• $AAPL is taking over the world. I wish I would have bought a ton of Apple prior to earnings.  Didn't we all know that everyone seems to have an iPhone 6 or 6 plus and that would translate to monster earnings?

I'm sitting here at $SBUX.  Starbucks is packed.  As usual. 

Everybody Waits For One But ...

$SPY - Everyone says they want a pullback in stocks but as soon as one happens they get scared and don't buy. 

Markets pulling back this morning.  Especially growth stocks.  The rumor is that the selling is out of growth names as everyone wants the new and shiny growth name that IPOs on Friday,  $BABA. 

I'm trying to get some shares but looks like it will be hard to get them at the IPO proce.  That leaves first day trading - uh, ouch.  But since folks have FB and TWTR as a recent reference it seems folks expect a pullback after the IPO.  Which means there probably won't be a pullback. Lol.  Play small on day one to get a toe in the water, and keep some powder dry for later?

Hmm.  

Looking at my watch list, the "who's who" of growth stocks getting sold hard. I'm not doing much until Thursday or Friday.