Caution: Entering the tax reform spin zone

The next week is going to be awful The US House plans to release the text of the tax bill on Nov 1, that’s next Wednesday. Before that time and afterwards, expect endless commentary, rumors, and spin about what will be in the bill and what it will mean. Copyright 2015

US stocks opening up. Dow leading the charge

Celegene getting hammered The major US stock indices are opening up. Nasdaq lags Celegene is getting hammered down -$23 or nearly 20% to $96. The drug company reported lower than expected revenues.  Last Friday they said they were abandoning two drugs to combat Crohns disease.  The stock traded as high at $147 on October 2nd.  …