Washington DC area
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Buy and hold is not a process... Buy and hold is a recipe to give back half or more of what you have earned over the last 5-10 years. Have a process and understand risk. You can make back money but not time.
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Worst riots since โ68
Worst economy since 1930s
Worst pandemic since 1918
And Mr. market thinks all is well.
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This is the worst best jobs report I have ever seen.
Household survey -408k Establishment +272k
Full time -625k Part Time +286k
Native born -663k Foreigners +414k
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If you borrow money from a loan shark at a negative rate do you break his kneecaps if you donโt repay?
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I have sacrificed for the last 18 years to save money to put my kids through college. If you cancel debt for students you will effectively punish me for being responsible. Is that the sort of financial behavior you promote??????
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Cathie Wood has a $5 trillion market cap forecast on Tesla due to robotaxis. The entire auto industry is worth less than $2 tn. The global taxi business is estimated to be worth less than $100bn. Wonder what she is smoking.
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Bernanke, the architect of abusing QE to benefit the wealthy wins a Nobel. You really canโt make this up.
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BOEING IS TALKING TO BANKS ABOUT BORROWING $10B OR MORE: CNBC
Imagine if they hadnโt bought back stock and focused on quality instead of share price.
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The virus is a problem do not get me wrong. What few understand, however, is that the virus is revealing preexisting instabilities in the markets.
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If you think the wealth gap was a problem before the virus, you ainโt seen nothing yet.
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Bloomberg reports MicroStrategy may join the Nasdaq 100, forcing ETFs to buy at least $2.1 billion worth of its shares.
Not bad for a company that has lost money for the last two decades plus...
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Davos in a nutshell: 1500 private jets flying carrying egomaniacs that have profited immensely from a warped system that benefited them at the expense of the poor/middle class and are preaching about climate change and reducing poverty.
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Airlines used 96% of their cash flow over the last decade for buybacks. Why do so many think that doesn't matter as we bail them out.
Lets bailout out their employees, let the Co's file BK or raise money. Equity holders should not benefit from corporate incompetence.
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CME SAYS INTERVENED WITH 10 SECOND PAUSES TO PREVENT HARDER FALL IN EQUITY FUTURES TODAY: STATEMENT.
Would be nice to know why such measures were not taken when the market surged 60 pts on BS trade narratives
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The S&P 500 is worth more now than on January 1st. The only difference is today we are in a global recession/depression and in a pandemic without a cure/vaccine.
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The fact that investors are worrying about rising rates, given where they are in the context of the last 300 years, is all you need to know.
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My Twitter feed is overloaded with inane comments today because I made a simple statement saying that we should all be responsible for our debts. Apparently discipline, prudence, responsibility and ethics are not highly valued traits by a lot of people.
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I wonder how many airlines were buying back stock with debt and now will possibly ask for some sort of government assistance or even bailout.
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Yellen defends IRS rule requiring banks to report all transactions over $600
But she seems to have little problem with not reporting million-dollar transactions of Fed Presidents based on inside information..
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FED'S POWELL: INFLATION IS UNLIKE ANYTHING WE'VE SEEN IN DECADES.
And Fed Funds are zero and the balance sheet grossly bloated..
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MicroStrategy $mstr is preying on investors. They are pumping up optimism on Bitcoin to drive higher volatility in their stock. Doing so allows them to raise funds and add to their Bitcoin holdings. Its convertible funding strategy is legal, but the risks to its shareholders and bondholders are much more significant than many of its investors appreciate.
realinvestmentadvice.com/resโฆ
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โYou donโt have a recession when you have the lowest unemployment rate in 53 years.โ - Janet Yellen
100% false.
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MicroStrategy $mstr is preying on investors. They are pumping up optimism on Bitcoin to drive higher volatility in their stock. Doing so allows them to raise funds and add to their Bitcoin holdings. Its convertible funding strategy is legal, but the risks to its shareholders and bondholders are much more significant than many of its investors appreciate.
realinvestmentadvice.com/resโฆ
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"We are going to have a crash landing if [the Fed] doesn't slow it down," @jimcramer warns after a rough day for stocks.
Slow it down??? FF are 0.25% and balance sheet hasnโt been reduced by a penny.
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I keep hearing the Fed is making a policy mistake. The mistake was not stopping QE a long time ago and leaving rates at zero.
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There are approximately 4.3 million households in forbearance. If they had to make mortgage payments instead of consume goods, what would retail sales have been?
This recovery is sending all kind of false signals. Be careful of false narratives built on confusing data.
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Manipulating markets is the antithesis of capitalism. The more the Fed and President try to change market prices the closer we get to socialism.
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The Fed bails out JP Morgan and as a favor they make it nearly impossible for most people to get a mortgage. Thank you Fed, Thank you @neelkashkari
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Hey .@Delta you bought back almost $12 billion in stock over the last decade. How about selling that stock before asking tax payers for a handout. h/t @JackPScott
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Capitalism is built on the foundation of , rule of law, choice, free market and consequences. That foundation has now been dismantled. Cheer today but fear tomorrow.
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US TREASURY SECRETARY YELLEN: US INFLATION IS GREATER THAN IN RECENT YEARS, BUT THAT THIS IS DUE TO THE PANDEMIC.
Wrong- It's due to the government's fiscal and monetary response to the Pandemic.
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Why bitcoin is worse than a Madoff-style Ponzi scheme ft.com/content/83a14261-598dโฆ
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This dovish tilt, which some are calling a pivot, makes one wonder- what does the Fed know that we don't?
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Not at all, but those taking out a loan for anything should repay it as opposed to taxpayers repaying it. Sadly the Fed and the banks destroyed financial ethics a decade ago, but that doesn't means their malfeasance needs to spread further throughout our society.
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Here is my take on Powell and the Fed from yesterday.
Powell is walking around with an umbrella, boots and a raincoat on, telling us how sunny and warm the weather is.
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Ten years into economic expansion, unemployment near 50 year lows, rates still near historic lows, Fed balance sheet 4x normal and the Fed thinks we need stimulus.
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Hey Powell, you can take knee off of capitalism's neck. Mission accomplished- you got the markets to completely forget about valuations and risk.
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POWELL: NOTHING WILL DETER US FROM DOING THE RIGHT THING
First time we have had someone at the Fed like that since Volcker. Love it!!!
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*US TO SELL 26 MILLION MORE BARRELS FROM STRATEGIC CRUDE RESERVE
Just throwing this out there- Is it possible Biden saw tomorrow's CPI number and freaked out?
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The chart no inflationist will show you.
Inflation is a possibility, but money supply and velocity have to work in unison, not against each other.
realinvestmentadvice.com/theโฆ
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If any group should be defunded its the Fed.
#defundtheFed
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MNUCHIN WILL CONVENE A CALL ON MONDAY WITH PRESIDENT'S WORKING GROUP ON FINANCIAL MARKETS, WHICH INCLUDES OFFICIALS FROM FED, SEC, CFTC
Keep telling yourself that markets arenโt manipulated.
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I hate the idea of bailouts for all corporations but especially those that squandered their futures with buybacks and short termist decision making. That said, if we must I do like most of your requirements.
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Despite an extremely healthy labor market and red hot inflation, the Fed takes the most dovish tack possible. If that doesn't tell you something about the debt trap and reliance on insane asset valuations, I am not sure what does.
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Another sign of the top and very telling comment from my 20 year old son about his recent college graduate friends:
โThe stock market is the only way to make money unless your are lucky to get a job. โ
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So are we rallying because our cities are burning or the trade deal is falling apart?
CHINA HAS ASKED MAJOR STATE FIRMS TO HALT PURCHASES OF SOYBEANS, PORK FROM U.S. AFTER U.S. ACTIONS ON HONG KONG - SOURCES - Reuters News
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When this market does break you may be waiting a long time to get your money back. Ignoring history, risk levels and valuations has its consequences.
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YELLEN SAYS DEBT SERVICE COSTS WILL BE 1% OF GDP FOR THE NEXT DECADE. โ Reuters
When Janet Yellen tells us the debt cost to GDP ratio will be 1% over the next ten years, she is really saying interest rates will be below 1% for the next ten years.
realinvestmentadvice.com/janโฆ
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BREAKING: Trump says "I personally think the Fed should drop rates" because they are slowing down the economy and instead of "quantitative tightening it should actually now be quantitative easing"
INSANE
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What about our children that our being saddled by the debt put upon by them via decades of gross budget negligence by politicians of both parties.
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Nice to see a Fed Chairman who cares about the long term health of the economy and not the S&P 500
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If the economy is improving so rapidly why did another 1.5 million workers just get laid off?
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Instead of allowing the markets to clear out the dry tinder from the economic forest, they instead think it better to pile up more dead wood and add a little gasoline for good measure.
Night, night capitalism. You had a good run.
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Does anyone want to come over and cut my lawn and pay me $10 bucks?
That my friends is the perverse logic of negative interest rates. #FUBAR
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I give you $100 today and you promise to give me $100 back in 2064.... To say the system is broken is a gross understatement.
Entire Swiss Curve Goes Sub-ZeroโGlobal Negative-Yielding Debt Spikes To $13.7ย Trillion davidstockmanscontracorner.cโฆ
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Returns are cyclical. There may be more upside left but longer term odds are not in your favor.
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The macro problem is that rates were too low for too long which incentivized a lot of non-productive, speculative debt. Either raise rates and clean up the economy or keep up the charade and make the ultimate bust even bigger. That is why I think the Fed is right to raise rates.
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In 2 months we have gone from 3 more hikes and QT being on "autopilot" to ending QT, starting up QE and negative rates... Not only is the Titanic headed for an iceberg but the captains are clueless.
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$AAPL was up 4% today. That is 1% more than its revenue has grown in the last two years...
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FED'S CLARIDA SAYS FED WILL CONSIDER NEW TOOLS TO EASE POLICY IF NEEDED : SAYS NEW TOOLS TO BE REVIEWED INCLUDE SOME FED REJECTED BEFORE, LIKE CAPPING TREASURY YIELDS
When will the market ask why is the Fed stopping QT, talking about more QE and floating ideas like this????
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Have a great weekend, oh and by the way..
*FED WARNS OF MAJOR DECLINE IN ASSET PRICES IF PANDEMIC WORSENS
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Everyone is blaming the Fed and correctly so. However most do not understand the blame is on the Fed for their excessive monetary policy that drove valuations and exuberance sky high. It is not on the Fed for their recent bout of prudence.
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Investors are rah rah about capitalism and then sit by and cheer the Fed socializing market prices.
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So the Fed is turning dovish when employment is running on all cylinders and the amount of monetary stimulus in the system is excessive. Clearly, Chairman Powell and his team are bowing at the altar of the stock market.
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The Fed cut 75bps for no reason at all in 2019. Think about that as you consider what they may do in the coming days.
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I have no horse in the BTC race but it is concerning the cult like mentality of so many people that berated me for sharing someone elseโs negative article on $BTC
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FED'S DALY SAYS FED IS MAKING PURCHASES IN CORPORATE BOND MARKET BECAUSE BUSINESSES NEED LIQUIDITY
So Apple among many other companies sitting on boatloads of cash need liquidity?
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Powell: "We had a very healthy economy 2 months ago, our financial system is strong"
Liar liar pants on fire.
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In 2016 Dems wanted to put in a new justice, Republicans said no. Exact opposite today. As we will be reminded once again, none of them have any principles. Itโs all about power.
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MicroStrategy $mstr is preying on investors. They are pumping up optimism on Bitcoin to drive higher volatility in their stock. Doing so allows them to raise funds and add to their Bitcoin holdings. Its convertible funding strategy is legal, but the risks to its shareholders and bondholders are much more significant than many of its investors appreciate.
realinvestmentadvice.com/resโฆ
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WELLS FARGO & CO WFC.N TO STOP ACCEPTING HOME EQUITY LINES OF CREDIT GIVEN ECONOMIC UNCERTAINTY - SOURCES
And another bank taking from the Fed and the government and not trickling it down.
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Tomorrow ADP will tell us that 20mm people lost their jobs last month and as the same time the NASDAQ is flat on the year. Truly stunning how fundamentals are meaningless (at least for now).
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Got Bonds?
If history proves correct market "prognosticators" are likely to be dead wrong.... again
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So Tesla is priced as if we will all own 4 Teslas and CAR as if we will rent a car every day. Rally on!!!
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Getting tired of people calling this an economic emergency but said nothing when debt levels, speculation, buybacks, and fiscal and monetary stupidity were running rampant.
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FED'S POWELL: FED POLICY IS NOT THE CAUSE OF PRESENT INFLATION.
And in the same breath Pinocchio say Fed policy can squash inflation. What a joke.
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The S&P 500 will see its P/E rise by about 6 when $TSLA is added to it. That assumes Tesla's P/E is 500, even though it is currently 1000. Even if Tesla's P/E falls to 100 it still adds 1.5 to the index P/E. #thingsthatendpoorly
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We have never before such a sudden economic shock and to such a massive extent. Wall Street's selling of a "V" shaped market and economic recovery, given the massive unknowns, is fraud. They are in business to sell stocks and that is what they are doing. #ThinkForYourself
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Sadly in this day and age, investing is not about finding value but understanding what the central banks are doing.
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What does it say when a 10% market decline to flat on the year is enough to halt the Fed when rates are only at 2.25% ? Clearly not bullish as the market would have us believe.
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MESTER: FED LEGALLY BARRED FROM EQUITY BUYING, DOESN'T SEE FED BUYING STOCKS
They are also barred from buying corporate but silly laws didn't stop them.
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If the Fed and the Government cared as much about the citizens and future of the country as they do about the stock market we would be in great shape.
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A news break from the land of make believe:
FED'S EVANS: I DO NOT SEE FED FACILITIES AS DISTORTING MARKETS, THE FED''S PURCHASES AREN'T LARGE ENOUGH TO DO SO.
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