Month: May 2020

[Seeking Alpha] Uber Is Not The Next Amazon And Is Not Worth $60 Billion

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https://seekingalpha.com/article/4350604-uber-is-not-next-amazon-and-is-not-worth-60-billion Summary Uber has a significant cash problem, suffers high interest rates, and lacks a clear plan. The underlying growth and future potential profitability do not justify the stock’s current valuation. CEO’s statement and the company’s aspiration to become the next Amazon fall short with reality. I am bearish on Uber. The past two-month rally … Read more

It’s the Nancy Pelosi version of monetary policy, “we need to print the money to see where it goes.”

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“Everyone is buying” pic.twitter.com/4045Z0V8vH — Alessio (@AlessioTMAD) May 29, 2020 This is hard to believe: ~96% of S&P 500 stocks are above their 50-day moving average, the highest reading of the 21st century. pic.twitter.com/aQ2RapVlgM — Michael Batnick (@michaelbatnick) May 29, 2020 Powell admitted the Fed crossed a lot of red lines that had never been … Read more

Beijing Hardens Resolve to Defy USA, Even While Calling for Cooperation… Threatens to Attack Taiwan

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China hardens resolve to defy US, even as it speaks of cooperation; Li Keqiang calls for close trade relations Beijing: Ignoring threats from Washington, China stripped another layer of autonomy from Hong Kong on Thursday, ploughing ahead with a plan that would ban any form of dissent deemed subversive in the territory reclaimed from Britain more … Read more