Big gains in the most heavily shorted stocks like Game Stop. Robinhood traders buying Game Stop think they’re smarter than the hedge funds shorting it. Markets can stay irrational longer than you can stay solvent. In the short-run, stocks are a voting machine. In the long-run, stocks are a weighing
Markets finish positive on a quiet week. IBM’s chickens coming home to roost. Gold positive on the week despite heavy pressure. Biden’s executive orders bullish for gold fundamentals. Chicago teachers don’t care about students. Regulatory costs of Bitcoin will exceed traditional banking. There is no shortage of Satoshis.
Markets couldn’t care less who’s the president. Despite the change in the White House, there’s no change at the Federal Reserve. Joe Biden is not everybody’s president. Democrats made a deal with the devil. The country will now suffer like never before. Nothing Joe Biden wants to do is Constitutional.
I told you so. Donald is a one term President. Trade deficit worse now than before we were “winning” trade deals. Trump added almost as much to the deficit in 4 years as Obama did in 8. Only thing Trump didn’t like about Obamacare was the name. The cornerstone of
Power and ignorance is a dangerous combination. Biden’s stimulus plan will make the European Union look responsible by comparison. Affirm’s IPO epitomizes what’s wrong with markets and the economy. Dollar denominated financial assets on expedited track to worthlessness.
Agricultural commodities ore on fire. Nobody needs bitcoin. A market driven by inflation is different than a market driven by earnings. Biden administration will exploit the attempted “insurrection” Tech currying favor from Biden administration through conservative censorship.
Gold and silver shellacked. Jobs report worse than anyone expected. Elon Musk becomes richest man in the world. Chamath Palihapitiya’s poorly chosen quote may be an omen for things to come. Bitcoin bubble brings bizarre bedfellows. Biden vows to put low-skilled workers out of work.
Democrats bribe Georgia voters with cash. Massive divergence between International stocks and domestic stocks. Bitcoin is propping up the system that it’s supposed to take down. Protesting a stolen election is a right.
Rare dichotomies playing out in the markets – something big is happening. Dollar continues to fall against the Yuan. Institutional money is flocking to real commodities, not Bitcoin. Connecticut passes idiotic new law giving workers 3 month yearly vacations.