Tuesday, October 1, 2013

Showdown Day

The government shut down at midnight last night at the same moment that Obamacare kicked in. And the markets are up today. Seems they like when the government isn't working and people are getting health insurance.  Anyway, still kicking myself for not paying attention to Facebook. They've pretty much tripled since they went IPO and crashed. Well, always more fish in the sea. Going to keep my eye on Suntech Power (STP ), they got a sweet deal from their government and made a nice run yesterday. Giving a bit of it back today. When the market's up, it gets harder to spot the bargains. Another weird one is Cray (CRAY). On the same day they announce some new accelerators, they take a 4% haircut.  Fannie Mae (FNMA) and Freddie Mac (FMCC) are still holding at around the $1.30 level. And GM is down 1%. Go figure. Will keep watching all these this week.

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