We went from overvalued, to just plain ol’ dumb. The markets are now buying stocks that were basically dying and on the way out. Is Blockbuster Video still around, might want to pick up a couple shares of that while we’re at it. It’s nonsense. Now certainly there are people who are riding the wave, making profits. That’s not a question. The issue is that we have enabled and invited Dom Com 2000 level speculation into the markets and nothing is being acknowledged. Simply ignoring the problem makes it go away apparently. We shouldn’t worry though because Rule #1 is that stocks never drop.
Reddit Picks Express (EXPR), GameStop (GME), BlackBerry (BB) Stocks Surge – Bloomberg
What’s Next GameStop (GME)? Traders Eye BlackBerry (BB) AMC, Express (EXPR), NOK – Bloomberg
Lumber Buyers ‘Pay Up or Run Out’ Amid U.S. Homebuilding Surge – Bloomberg
case shiller nov 2020.jpg (1136×741)
Technically Speaking: Why We Reduced Risk Last Week – RIA
During the last few weeks, I have discussed the rising levels of exuberance in the markets. On Friday, I tweeted the following: Money flows very close to flipping negative. I might be a few days early but we are dropping #equity exposure by selling our long-index trading positions for now.
bofa buybacks jan 26.jpg (758×371)
Tilman Fertitta sees another ‘Roaring Twenties’ for economy post-Covid
Billionaire restaurateur and casino operator Tilman Fertitta told CNBC on Tuesday he expects strong consumer spending to fuel the U.S. economic recovery from the coronavirus pandemic. “The consumer is coming back. I’m telling you, where we can do business, we are doing business,” the Landry’s chairman and chief executive said on “Power Lunch.”
Google, Facebook, other online ad giants will see blowout Q4: Analysts
Tech companies with big digital ads businesses look poised to report exceptional fourth quarters on the back of a stay-at-home holiday shopping season and a continuing ad rebound from the beginning of the pandemic. Facebook will be the first of the ad-supported internet companies to report earnings on Wednesday, while Alphabet’s Google, Snap, Pinterest, Twitter and Amazon will follow in the coming weeks.
The end of offices? New York’s business districts face uncertain future
Boarded-up stores, shuttered restaurants and empty office towers: Covid-19 has turned New York’s famous business districts into ghost towns, with companies scrambling to come up with ways to entice workers to return post-pandemic.
The stocks market keeps going higher as we see more cash, debt, margin being used at this time. The U.S. dollar has been pushed down in recent months and now moving in a range. We are looking at certain stocks like GameStop, AMC, American Airlines and others that are flying higher.
— APPENDICES —
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY
Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
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