Bouncing Back, Like Clockwork

Take two aspirin, wait for three days and then buy. That's the doctor's prescription for the high-multiple Nasdaq stocks, and it is so spot-on it's almost eerie. There goes Netflix (NFLX) on an upgrade as investors also relish comments from Dreamworks about developing content for the anti-cable company. There goes Gilead (GILD), on the curtailing of a Phase 3 study on an anti-leukemia drug, taking up all of the biotech stocks. We get a positive article about mobile advertising in the papers, and that spurs Facebook (FB) to ramp, along with Yelp (YELP) and LinkedIn (LNKD).

It's just the way it works. Now, I have no idea about the staying power of this move if there can be no agreement on the debt ceiling. With the Social Security-Medicare card now being played by the Democrats, if there is no deal there will be no checks sent out, and that will cause a drastic contraction in the economy that will take everything down....441 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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