Rates are all the rage these days. The Fed, backed by their unlimited digital printing press, promised us rock bottom interest rates into 2022. The $14 Trillion US Treasury Bond market however has become the Reddit bane of the Feds existence by selling Bonds, forcing yields higher much earlier than…
In the depths of the 1930’s Great Depression, British economist John Maynard Keynes came into vogue espousing the heavy hand of Government to counter consumption contractions with massive deficit spending. While WWII had more to do with our eventual exit from the deflationary 1930’s catastrophe than Keynes’ deficit spending, the…
In 1609 a majority shareholder and competitor of the famous Dutch East India Company (controlled 50% of world trade in 1700’s), created a primitive Hedge Fund to sink its shares for profit. Isaac Le Maire invented the idea of selling shares short, borrowing shares using collateral, in the hope of…
What does it mean when meme stocks rise and fall like fireworks? Bankrupt stocks rising 400% in a day. Collapsing companies garner Billions from financial justice warriors bidding up their failing enterprise. Clandestine traders rally their troops on social media to punish professional money managers as a pretense for running…
A million dollars doesn’t go as far as it used to, but with over 50 Million Millionaires today and almost 10,000 Billionaires (net worth> $Billion), have you ever wondered who could be the first Trillionaire? Just over 2 years ago the first onslaught of companies arrived to the Trillion dollar…
Tesla has been an amazing story of a dominant new electric vehicle company. The stock has been a sign of the gambling fever taking over the stock market led by Robin Hood commission free traders as Tesla rose 750% this past year. A price to sales ratio over 30 and…
Senate Majority leader Schumer, House majority leader Pelosi and President Biden will officially control the decision making for the next couple of years and send shivers down the backs of most Republican’s who have been fed a steady diet of extreme proposals during the election: packing the Supreme Court, Green…
The Covid Bull market in stocks is sledding through the Holiday season as if every day were Christmas. Airbnb more than doubled on its opening day as a public company this month. Luminar, Snowflake, Lemonade and many more also doubled within hours of their initial public offering (IPO) price in…
One of the better known stock market adages is that Bull markets climb a wall of worry. The wall of concern created by Covid has been a long one as the running of the Bulls out of the Bear trap in March continues unabated. The economy can’t fully open up…
For almost 3 months the major stock indices have traded sideways, consolidating the supercharged Fed and Government stimulus aided gains since March. With stocks nearing short term overbought levels within this range in early November, the vaccine miracle makers launched a trifecta of Covid cures. The equity buying binge began…
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