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…
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…
When Pfizer declared a 90% effective Covid vaccine this week, the mask wearing world bought recovery stocks with reckless abandon. Investors see the vaccine light at the end of the Covid tunnel. Short term we are still in the dark tunnel of winter that is already witnessing reduced consumer activity…
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