Charles Schwab Corporation (SCHW)

* The decline in speculative stocks has been historic and broad-based - something I have been expecting for months * I remain bearish on the overall outlook for equities   Yesterday's market was brutal and broad-based to the downside:  * The specula...

"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 Coinbase - t...

* The outlook worsens a bit  Schwab is on my Best Ideas (short).  Compared to many other financial intermediaries, SCHW reported a disappointingly small beat relative to consensus for 1Q2021.  More importantly, the company's conference call revealed...

* In a (price) momentum based investment world the winners often get overextended and the losers often get oversold  "Ilu ho-tsi, ho-tsi-a-nu, Ho-tsi-a-nu mi-Mitz-ra-yim, Ho-tsi-a-nu mi-Mitz-ra-yim, Da-ye-nu! .. CHORUS: .. Dai, da-ye-nu, .. Dai, da-...

The speculative gewgaws have lost their bids again and are falling back to earth.  , , , ,  , , etc., getting taken to the woodshed.  Usually this portends broader market weakness - but there is nothing normal about this market.  Meanwhile, in part ...

"Price is what you pay, value is what you get." - Warren Buffett  The modest decline in bond yields, and rise in bond prices, coupled with some risk that a robust economic recovery may be more tentative than many expect recently underscore the sensi...

I would continue to scale out of banks and consider shorting and in here. I would be adding to a Delta Air Lines  short in here.    

* What to do now  I continue to like ViacomCBS and Discovery as long trade rentals.  I liked yesterday's pin action in Verizon , Walmart , and Twitter .  And I would invest in all three at current prices - on the long side.  I still like Schwab  and...

* 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...

I have added to my Schwab short at $64.25 just now.

I have been adding to my Schwab short.  

* How I manage an increasingly complex market mosaic * Good money managers ladder timeframes within one portfolio * The artificiality of short term moves provides unique trading opportunities compared to any other time in history There is a tendency...

* Speculation is an almost constant condition - it has been going on thru the history of time * But manipulative practices ruin our markets * The introduction of a financial transaction tax and the elimination of near term (weekly) call options woul...

* And placing the shares on my Best Ideas List (short) at $65.12  I have followed Charles Schwab since it was listed on the Exchange.  On the heels of a Bull Market in stocks and based on higher interest rates, allowing SCHW to earn a better rate on...