Thursday, December 3, 2015
Responses to today's financial news
*
CI and AET are among my biggest winners in my taxable account. Will
sell them early next year and look for the next winners. Big impact from
Obamacare.
* With aging population, drug
companies should look good, but not with my GILD that is barely
profitable. CALM even fundamentally sound has about 50% short. Do not
know why. Hope the rise of interest rate would make the shorters loose
their shirts.
* Bought OIL yesterday. Will give it
to my grand children for long-term hold. Every one is for himself in
OPEC. Some wealthy folks may be looking for some tallest buildings to
jump. That's why they build so many.
* Iran will
be richer after the taking out the oil embargo. Plus, the modern day
silk road will reach it all the way from China. I love their culture and
people. They accept more to the Western culture than most in the
region. We should not force other countries to follow our ideals and
culture.
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