Chips are having a good day

Here are the big owners of chip stocks on the last interesting day of trading this year. (Prediction)

Who owned Medical Service stocks today?

It's a big category with lots of pieces that benefit more or less from the Senate's very insurance company-friendly healthcare bill. This is a list of the 13f filers from Sept. 30 who have the largest percent of their portfolio in stocks like AET, CI and UNH. No doubt all these guys are happy today and overnight supporters of Obamacare. Anyone who has had to pay medical insurance every month at small business rates (that would be us) will have a distinctly different view of these bloodsuckers. Hate'em. But still long CAH.

China Falls: Nice view but watch your step

Gold gets a bounce but China trips.

We've been tracking our own mkt cap weighted index of China stocks traded here since September. But only since October continuously. Today the cap weighted index turned negative since October.

Red Pie for Santa

Indiscriminate selling during the day after C fell at the open. The contradictions of this fall's investment thesis - buy gold because the world is coming to an end and oh by the way stay long equities because of a weak dollar - finally started to express themselves in today's selling. So if that model is broken a new one has to take its place. Long live the new market model. What ever that will be.

Goldbugs Smushed Again