I was pleased to see one of my short positions, Community Health, losing value after hours after it announced its acquisition of Tenet Healthcare, owner of one of the funniest ticker symbols around – THC. I find it rather amusing a health firm would actually use that as their symbol (unless they are in the medical marijuana business).
On a different note, I see there was a lot of excitement about Pimco raising their estimates for the U.S. economy due to "massive stimulus" (they are referring to the government giveaways that Obama recently wimped out about). It's good to know that a completely impartial party like a firm running the world's biggest bond fund is considered the oracle as to what the economy is going to be doing. It's not like they have a stake in it, is there?
