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
...the gamma-vortex accelerated after hours and GME just topped $240!!
The madness just won't stop.
"The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results."
When one looks at a situation like Monday's insanity-fueled, retail induced short squeeze across the board, one must ask:
The First Casualty Of The Big Short Squeeze: Melvin Capital Gets $2.75BN Bailout From Citadel, Point72 After Its Shorts Explode
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"
One of our readers writes in that a client just got a letter from US Steel:
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.
Now, Cathie Wood's next target appears to be outer space - and the market is taking notice.
"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
Dear Investors, It is time to gird for full Modern Monetary Theory.
This market is absolutely insane.
... to delist China telecoms. This refusal is unprecedented.
Tesla Daily is providing an update on Tesla. Rob discusses the fact that Benchmark funds need to buy Tesla.
When the richest man on the planet, Tesla CEO Elon Musk, tweets, everyone seems to listen.
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:
The first trading day of 2021 was, as Peter Schiff put it, "atypical."
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
Bitcoin & Bullion Bounce, Stocks Slammed As "Everything Rally" Fades Early In 2021
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
Only Two-Days Left For Santa To Deliver Today's newsletter will be a short update as not much has changed during this holiday-shortened week.
The following article by David Haggith was published originally on The Great Recession Blog:
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