|Day Low/High||155,06 / 163,59|
|52 Wk Low/High||3,99 / 483,00|
What crushed the individual was a lack of diversification.
Since the pandemic began, it'll be the sixth time for AMC by the turnaround CEO, aptly named Houdini.
The disconnect between the indices and the speculative favorites will be a crucial issue as we move forward.
Once you recognize that growth versus value is a false dichotomy than we can figure out what's ailing so much of the market.
The answer is yes for one of the two stocks that sold off sharply due to forced liquidations by a big shareholder.
* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...
Let's review this Archegos drama and some lessons from this fickle market.
* In history, when you combine ignorance and leverage, you usually get some pretty scary results * Based on the market behavior I have witnessed over the last year, risk management has been grossly ignored and forsaken (on numerous fronts) * Stupidi...
Stay focused and look for opportunity.
Trading in multiple time frames allows for more concentrated positions and bigger returns while staying diversified and reducing risk.
You need to respect that a market can be as vicious and nasty as it was joyous and oblivious toward the news that comes its way.
These are just pieces of paper, you can't love 'em, you can't hate them, you just know them and own them.
We're now at the point of saturation, where the bad special purpose acquisition companies are driving out the good ones. So, don't blame the messenger.
"You keep on stompin' And my heart is on the floor..." - Lewis Gizzard, You Done Tore Out My Heart and Stomped That Sucker Flat In yesterday's opening missive, "The Market Is a Hard Dog to Keep Under the Porch," I argued that the U.S. stock market ...
This week's big energy story? A giant container ship is stuck in the Suez Canal and could be stuck there for days.
Would I buy the stock here? No. Would I short the stock here? No. Short interest is way too high.
* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...
Ever think you would see the day when all cash was digital so the federal government could place a negative interest rate (tax) on savings? I can see this coming from a mile away.
In the end we have a battle not about inflation but about the size of the new cohort that's doing the stimulus check buying.
We are nearing the home stretch for the first quarter, so here's what's on tap.
Right now the newfound prevailing wisdom is clobbering the old kind and those who cling to the latter are destined to be run over.
Let's set out the case for stocks -- and which kind -- and whether you might want to pay down other debt first.
NFT stands for non-fungible token, and it's one of many tokens now associated with the blockchain.
You can listen to the haters on Twitter and Reddit, or you can see what I've been doing since 1979: trying to help the average Joe make some money.
I key on Boeing as the best place to bet on China.
I've got a list of short-Treasury exchange-traded funds that you should consider.
The most important thing if you are a GameStopper is that you have to ponder how Unity is worth $29 billion and Activision is worth $79 billion.
We can still look forward to that always elusive 'follow through' day for the Nasdaq.