Both the market and politics are staying the expected course for now. In politics, its more of the same as businesses roll out information on how much the new healthcare reform legislation is going to cost them as Democrats continue to trumpet their win and capitalize upon it. Can't blame them there, you have to seize momentum when it's available (back to that in a minute). So, they should celebrate making our debt even greater. As for Republicans, well, they made the news over the last two days as well -- spending $2K on a bondage/strip club outing, or something like that. When are Republicans going to stop trying to portray themselves as "moral" right on some "holier than thou" mission when we all know its total bunk? Again, I would ask anyone who might stumble across this blog to explore the Libertarian Party at http://www.lp.org/. It's simply time to stop having to choose between the lesser of two evils at election time, and it should be painfully obvious to all that there is no difference in the two parties except spin. We all need a viable third party candidate now, one who is fiscally responsible and values individual liberty!
As for the stock market, we continue to churn and bounce as expected while we take a breather from a great run-up over the last 6-8 weeks. It's been well earned. We did have a good bullish day yesterday, which caught a lot of bears off guard based on what I was seeing posted on StockTwits (http://www.stocktwits.com/). In my own portfolio, I sold China GengSheng (CHGS) after it feel 14% today based upon meeting analysts' expectations for the latest quarter. That doesn't bode well for the stock. Meanwhile, Health Grades (HGRD) and Omnova Solutions (OMN) continue to stretch their gains, so I increased my positions today in both companies. Like I said above in the first paragraph, you must seize upon momentum when you have it. After all, the demand for both stocks will eventually slow and it will be time to move on. But it looks like that isn't just yet. Take a look at the last 90 days for both stocks, and you will see what I mean. Good trading!
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