TLT continues to crumble away as the world realizes lending money to a failing nation isn’t a great idea. Get ready for higher interest rates, higher inflation, and a plunging Fed reputation.
Well, the SPAC started as it often does. Enthusiasm. Volume. Press releases. Uphealth was a public company, ladies and gentlemen! But, ya know, the whole SPAC thing is a bit stinky, and one should always wonder a bit about any firm that didn’…
One simple suggestion: LRCX, which has completed a lovely right triangle top below. I bought puts on it late last week.
As the owner of an all-electric car for many years, I’ve always been puzzled at the business model for these “charge your car with us” startups.
No one buys this crap.
I’m delighted to see that what could have been a disastrous victory for the bulls has ended in the only result that they deserve, which is disappointment:
If you want to see the absolute apotheosis of a captured market, look no further than the /RTY (small cap Russell 2000) futures.
Merck (MRK) roaring higher today based on yet-another-Covid-drug that will throw off ungodly profits (after accounting for executive multi-million dollar annual compensation).
What’s going on with bonds is interesting. It used to be that as bonds eroded, interest rates went up, and then banks would roll around in a bull-gasm. These days, however, even the nimrods who buy equities are realizing that higher interest …
This morning, gold is enjoying a desperately-needed relief rally, up nearly $40 per ounce as I am typing this. Sadly, for precious metals fans, I think this is just another fake-out. Don’t get me wrong philosophically, I would love to see gol…
