As investors become speculators and casino gamblers become stock speculators, more euphoria has made its way into the financial system. We are seeing a huge uptake in equities, whether through direct stock purchases or through an ETF. More people have been using margin than ever before. The market has become a place for people to leverage as much as possible simply believing that nothing bad could ever happen. Not wise.
Investors Double Down on Stocks, Pushing Margin Debt to Record – WSJ
Bruce Burnworth used to clip coupons and look for deals before his investment in Tesla Inc. made him a millionaire. He is part of a widening class of affluent Americans who are doubling, or even tripling, down on this year’s highflying stock market.
Jack Ma’s Ant Has to Give Up the Extras That Made It the Richest of Unicorns – Bloomberg
All I Want For Christmas Is A Bull Market (Full Version) 12-25-20 – RIA
In this issue of “All I Want For Christmas Is A Bull Market 2021.” Today’s newsletter will be relatively short, but I want to update our portfolio positioning with you. More importantly, I wanted to take this opportunity to wish you and your families a very Merry Christmas and share my hopes for a prosperous and safe New Year.
Holiday retail workers seek “temporary lifeline” in warehouse jobs, if they can find one | Reuters
(Reuters) – This time of year, hundreds of thousands of seasonal retail workers across North America and Europe would usually be wrapping gifts, stirring hot chocolates, tidying Christmas displays or assisting the flurry of last-minute shoppers. But the balance of available holiday jobs this year has radically shifted from storefront to warehouse and delivery amid record purchases online.
state population growth 2020 color coded.jpg (1280×893)
Penguins, valued at $650M, received $4.82M COVID loan
There are 123 teams among the Big Four North American Men’s Sports Leagues (MLB, NFL, NBA and NHL). Only one of them received a loan under the Paycheck Protection Program. That team is the Pittsburgh Penguins, who received a loan of $4.82 million through the program authorized by the CARES Act.
Texas Fracking Billionaires Drew Covid-19 Aid While Investing in Rivals – WSJ
WASHINGTON-As the coronavirus pandemic and low oil prices walloped U.S. frackers this spring, Texas billionaires Dan and Farris Wilks got a $35 million relief loan to help one of their fracking companies stay afloat. At the same time, they were on a buying spree in the country’s oil patch.
The stock market has accelerated in 2020. We have seen tech stocks going higher. Technology companies have been reporting earnings and largely it doesn’t matter. The only thing that matters is what is really going on to encourage the rally. Historically low interest rates and easy money, easy monetary policy has accelerated these massive moves.
— APPENDICES —
- The Money GPS: How To Get Out of An Economic Crisis. Action Steps To Excel, Prosper, and Prepare!
- The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do
- The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show
- The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— 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.
What if the stimulus included more money for people. Is $1200 enough? $2000? Is this going to solve any deep rooted problems? What about the disgraceful 5600 pages filled with billions that have nothing to do with where people actually need help? #StimulusChecks #StimulusBill
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.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.