|Day Low/High||51.52 / 60.55|
|52 Wk Low/High||1.91 / 7.78|
My investment conclusion and strategy is to sell in June for the anticipated market swoon.
* TGIF! Some brief observations before I move on to a several hour meeting: * Mr. Market's upside momentum remains impressive. * Investors, along with higher prices, have grown more confident. * As I will discuss in my opening missive, lower rates...
Traders do not appear to be overly confident at present, and that is a good thing.
Ns over Ss. Breadth 17-15 most of the day - not too swift considering absolute gains in the Nasdaq and S&P Index. Ten year yield down another four basis points to yield 1.45% - confounding a lot of bright observers. The downturn in rates - despite...
I've got a couple names that prove that Reddit's WallStreetBets' power over stocks is way overestimated.
Apropos to my opening missive, the two largest meme stocks, and , are down by -$60/share (-19%) and -$6/share (-13%), respectively. Of course everybody has gotten out before today's plunge and has moved into the next meme play. Not! The whole mem...
These younger investors think it's a sin to sell no matter how much money has been made.
* The market silliness is now deafening as the (motley) fools rush in at the end of a speculative cycle * I see a pivot in monetary policy and disappointing (relative to consensus) 2022 S&P EPS * There is a possibility for a broad valuation reset lo...
Plus, the Senate passes a big, fat bill to promote the nation's ability to compete on the technology innovation front.
I don't want to miss the next trends because I feared the anecdotal which would have been just plain wrong.
Looking underneath the surface, there have been quite a few discrepancies in terms of themes, rotations and consensual trade unwinds.
If you are looking for logical trading, you will likely be disappointed.
Smart money knows the game by now. Just don't let them be less patient and greedy than yourself.
Plus, questioning MicroStrategy Inc.'s plans to sell a bundle of debt to add to its Bitcoin long position.
This otherwise utopian world lacks the firepower to extend its domain.
"I am going to write a good Diary on Real Money Pro today... and I am going to help people. Because I am good enough, I am smart enough and doggone it, people like me." - Daily Affirmations With Dougie Kass Today's Affirmations is about the the usel...
Though NYSE breadth is 17-3, I see a sea of red on my monitor. Ns over Ss. The most speculative gewgaws are the upside feature ( , , etc.) while digital currency related issues (as cyrpto appears to be rolling over) continue to be downside market ...
But there's a clear lack of energy, and the meme stocks are negative for much of the market.
In total AMC has raised less than $1 billion from share offerings. If the case for AMC Entertainment's shares is, as Jim "El Capitan" Cramer seems to believe, is to buy more theatre chains, shopping centers or hotels... All I can say is -- my, oh,...
Plus, we take quick looks at the charts of Apple and Tesla to discern what may lie ahead for those stocks.
Here's where you can make yourself right.
I remain manifestly bearish on both stocks (value, growth and meme), bonds, Bitcoin and NFTs.
The non-deal with Liquid Media gives me pause on that name.
Thomas Sosnoff's analysis of the new market paradigm on CNBC is sub optimal. And so is AMC Aron's courtship with the Redditt traders. Their core argument is misplaced - as the Redditt traders are not owners - just as the dot.com traders were. Tod...
dougie kass I disagree with Jim Cramer on AMC's Aaron. I think Aaron is pandering to a bunch of gamblers - who are not necessarily investors in his company. Dougie
Plus, it appears there may be headway on an infrastructure bill that could work for both sides of the aisle.