Month: July 2020

A King County, Washington, Superior Court Judge has approved a petition for a recall election for Democrat Seattle Mayor Jenny Durkan. The Seattle Times reported that the Friday ruling over Durkan’s recent handling of police brutality can proceed, allowing petitioners to start getting enough signatures to get the recall measure on the ballot. KOMO reported that the plaintiffs behind the … Read more

Larry McDonald, editor of The Bear Traps Report, believe the recent run is driven not by fundamental strength, but by investors bidding up shares ahead of the company’s potential inclusion in the S&P 500. “By buying up Tesla TSLA now, front-runners are forcing the S&P Indexes to give the stock a higher and higher weighting,” … Read more

by BitcoinIsFemale Yes, this is sort of a cope post but I hope it helps someone out there. I’m 36 years old and quit my full time job in 2016 to day trade with $180k that I had made from trading 6 months prior. Between then and now, I have becoming a multi-millionaire three times, … Read more

https://twitter.com/NorthmanTrader/status/1282409329572839429 AMZN and NFLX and everybody else pic.twitter.com/taRaQ3Cp1m — M/1_LP (@MI_Investments) July 13, 2020 Just to put things into perspective: #Tesla is priced at 6,348 times 2019 earnings. Stock is priced at 166 times 2021 earnings, 20 times book value, & 7* sales. Toyota, biggest auto comp by mkt value after Tesla, sells for 61% … Read more

GLOBAL RETAIL pic.twitter.com/lj2WqapNyo — Win Smart, CFA (@WinfieldSmart) July 13, 2020 PROPERTY DELINQUENCIES pic.twitter.com/vVe16xGY0N — Win Smart, CFA (@WinfieldSmart) July 13, 2020 HEALTHCARE BANKRUPTCIES pic.twitter.com/G689O9PKzT — Win Smart, CFA (@WinfieldSmart) July 13, 2020   Earnings for the S&P 500 Are Expected to Decline by 44%, the Worst Drop Since 2008 The worst earnings season in … Read more

Central banks have created an "Ultra-Fragile" world ( opp. of Taleb's Anti Fragile). Bad is good, worse = better, the good goes only to Top 10%, nothing fundamental matters, debt replaces healthy growth inputs, Fed papers over it's mistakes, a Ponzi where normalization = crash pic.twitter.com/veyYywLHsg — M/1_LP (@MI_Investments) July 13, 2020 THESE COMPANIES NEEDED … Read more

by: Virgilio Marin (Natural News) The latest data from the Pew Research Center estimates that 96 percent of American adults own a cell phone. Given the sheer number of people using cell phones, scientists have been keen to establish a link between cell phone use and chronic diseases like cancer. Recent research suggests that the brain is the … Read more

by: Lance D Johnson (Natural News) A totalitarian cult is rising to power, swiftly and with bitter resolve. It’s most loyal following trudges through the city streets, busting out windows, vandalizing, burning down buildings, murdering law enforcement, and taking over city blocks, while feeling justified in its crimes. It marches through the streets with no remorse, … Read more

https://twitter.com/sokolovskyyyyy/status/1282378444043517957 AOC suggests NYC crime surge due to unemployment, residents who need to ‘shoplift some bread’ New York Rep. Alexandria Ocasio-Cortez suggested over the weekend that the crime surge in New York City is likely because struggling residents are forced to shoplift in order to “feed their child.” In a virtual town hall meeting she … Read more

The central issue in this campaign (and 2024 and 2028) will be China which makes @realDonaldTrump an easy choice over @JoeBiden: https://t.co/fUfjTIksXA — Hugh Hewitt (@hughhewitt) July 12, 2020 WaPo published that. Strange days. I think they are leading the dump Biden movement in the DNC.   h/t Builder

by fccoup02 For the 1% that actually managed to predict this…well congrats. Pat yourself in the back. You probably made out like a bandit. How come the other 99% couldn’t predict this until looking back in hindsight? GOOG Mar: $1000; Today: $1500 TSLA Mar: $360; Today: $1500 NFLX Mar: $300; Today: $560 AMZN Mar: $1700; … Read more

Surprised this story hasn’t gained more traction or discussion. Seems like leading economists are calling for direct and ongoing cash payments to U.S. citizens to help the economy. Sounds like UBI to me? “Reuters) – Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter … Read more

The last three months saw significant insider selling at Twitter. Biggest sale was made by Chief Accounting Officer Robert Kaiden who dumped US$290k worth of shares in that time. More worrying thing is that no one within the company made any purchases whatsoever last year. This may suggest that some insiders think that the shares … Read more

by parktart TLDR: mortgage services with Fannie/Freddie-backed mortgages only have to front 4-months of missed mortgage payments on behalf of the homeowner in forbearance/default.. after that brrrrrrrrrrrrrrr ———————————————– This is meant to be a discussion – I’d love to hear both bear and bull cases on this ———————————————– I was convinced for a while that … Read more

by TheCuriousBread Here’s the number from a UC Davis study that studied the profitability of day-traders Over the typical six month horizon, using lower range assumptions regarding transaction costs, less than 20 percent of day traders earn profits net of transaction costs. Now, who are those 20 percent that actually made a profit? We identify day traders who earn … Read more