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Morning Market Briefing – Friday- 09/27/2013

On Thursday, the markets ended on the green on what could have been a little bargain hunting.  The bullishness however was with low volume and even lower conviction.  This year’s Special Olympic has been one of the most competitive in the history of our government.  The House of Lagging has mentally cemented the idea of not passing a budget bill unless it defunds the affordability act (Obamacare).  The Cesspool (Senate) would not dare (and with good reason) propose a bill that includes defunding the affordability act.

We at Alphas Edge are unsure if this donkey show in Washington is for real.  Clearly the right thing to do is fund the affordability act and see if it works.  At the very least, give it a chance.  Besides, If it doesn’t work there will be no shortage of politicians, lobbyists, and lawyers who would love to have an opportunity to fix it.  We know for a fact that our current health insurance system does not work.  What other country in the world cut up their elderly’s flesh on a daily basis, claim that the flesh is cancerous, and collects thousands of dollars per snip?  The United States of America is as far as we know, the only country whose doctors farm their elderly!

Today the market is opening lower.  The Special Olympics events are being taken to a whole new level.  Both sides appear to be at a perceptual stalemate.  Only Blackberry, whose gross margin was negative 24%, was able to descend lower than our politicians in Washington.

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