Month: February 2022

Most People Have No Idea How Much Stocks Are Likely To Crash

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Authored by Mike Shedlock via MishTalk.com, Let’s discuss value investor Jeremy Grantham’s thesis on “super bubbles” and his target for the S&P 500. S&P 500 chart courtesy of StockCharts.Com, annotations by Mish with thanks to Jeremy Grantham. Fourth Super Bubble     For almost a half-century, value-investing icon Jeremy Grantham has been calling market bubbles. Now, … Read more

Nasdaq in bear market -20%… A year of gains are now gone in the Nasdaq…. Corrections don’t bottom when institutional and retail are doing nothing but buying.

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$ndx in bear market -20% pic.twitter.com/4a0UMRwqNU — Álvaro Oviedo (@alvoviedo) February 24, 2022 A year of gains are now gone in the Nasdaq. pic.twitter.com/y08DRSbcn5 — Mac10 (@SuburbanDrone) February 24, 2022 Tech went green briefly, cyclicals getting smoked. A clear sign that hedge funds are deleveraging. Short Tech/long cyclicals is a consensus trade. Bears rising in … Read more

US New Home Sales Decline -19.3% YoY As Mortgage Rates Rise (Median Price Of New Home Sales UP 13.4% YoY)

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by confoundedinterest17 US new home sales declined -19.3% YoY in January as mortgage rates have risen awfully fast. On a MoM basis, US housing starts declined -4.53% from December, but heck … its winter. The median price for new homes rose 7.03% from December. Median price of new home sales YoY is now 13.4% thanks to … Read more

Hunter Biden Still Facing Federal Investigation As His Child’s Mom Appears Before Grand Jury

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https://www.youtube.com/watch?v=0wAemXBo_1k Abby Liebing from The Western Journal reports, Scandal keeps swirling around Hunter Biden as his finances and business dealings continue to be investigated by the Department of Justice. Lunden Roberts, the mother of Hunter’s three-year-old daughter, testified this week before a federal grand jury in Delaware that is reportedly investigating Biden for tax crimes, … Read more