Following the last several sessions of massive short squeezes in numerous stocks, including Gamestop, AMC Entertainment Holdings, BlackBerry Limited, among others, White House Press Secretary Jen Psaki addressed these issues with reporters on Wednesd
The Podcast of the Lotus Eaters - A good explanation of a very large "Short Squeeze" bringing down Hedge Funds... fueled by individuals on Reddit Group
Whether it is due to the absolute insanity taking place among the most shorted names, or the broader market suddenly tumbling (perhaps as the PPT forgot to keep an eye on the S&P transfixed by the action in GME)...
Joe Biden was inaugurated on Jan. 20, becoming the 46th president of the United States. And as Peter Schiff put it in his podcast, he took the helm of a sinking ship.
Alibaba's US-traded ADRs are rising in premarket trade on Wednesday after co-founder and chairman Jack Ma, one of the richest men in China, finally resurfaced after months of radio silence that sparked speculation about whether he had been "detained"
• https://johnbwellsnews.com, By Isabel van Brugen
Social media giants Facebook and Twitter have collectively seen $51.2 billion in combined market value wiped out over the last two trading sessions since they banned President Donald Trump from their platforms following the U.S. Capitol breach.
"What's driving prices for industrial metals, for agricultural commodities, it's not strong economic growth. We're not having record growth. In fact, we still have the pandemic. What's driving commodity prices higher is the record growth in m
Back on August 11, when bitcoin was still trading just above $10,000, publicly traded business intelligence firm Microstrategy (MSTR) made a transformational announcement: the company said that it has purchased 21,454 bitcoins at an aggregate purchas
Update (1400ET): After the sudden market selloff following news that Manchin would block Biden's $2,000 stimulus checks, it appears that Manchin has gotten the tap on the shoulder, as Bloomberg reports:
Synopsis
"Some of the earnings estimates that I'm seeing, as you said, the consensus is just below $170, are going to require multiples that just don't make a lot of sense to me within the context of the fact that rates can't go any lower," said Pet
Virtually every risk asset including Bitcoin is melting up - while the dollar continues to crumble - on the first trading day of the year when the same FOMO euphoria that slammed stocks to all time high in the last seconds of trading on Dec 31, 2020
The New York Stock Exchange said late on Thursday it would delist three Chinese telecom giants to comply with a US executive order that restricted the public listing of companies identified as "affiliated with the Chinese military".
The market, as Warren Buffett has pointed out, can be either a weighing machine or a voting machine. You can make money in the market either way, but you have to recognize which machine is giving you signals.
International Man: Markets have extreme emotions. They can go from irrational exuberance--where it seems everyone is swinging from the chandeliers--to a bottom-of-the-barrel bear market where people don't even want to look at the business section
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