I run value screens every couple days
I’ve seen the same handful of stocks for a year and a halfThere is nothing undervalued in this market
NothingWorse than 2008
Much worse than 1999
Craziest thing I’ve ever seen TBHI don’t even know why I run the screens
Waste of time— Reminiscences of an American Capitalist (@4Awesometweet) February 14, 2020
Tesla rose today despite issuing new stock. Like the company or not, it was smart to raise capital at such elevated levels.
Contrary, why do so many investors celebrate buybacks from other companies that occur at ridiculous valuations?
— Michael Lebowitz, CFA (@michaellebowitz) February 13, 2020
This was in 2008 when the fed tried to reduce “the not QE”
Who will blow up this time? pic.twitter.com/lKTDljaOjJ
— The Insider Trader (@AlessioUrban) February 13, 2020
"The Fed's effort to calm the repo market isn't what's lifting the stock market". pic.twitter.com/d38FrAK2XX
— Sven Henrich (@NorthmanTrader) February 13, 2020
I think he’s right t.co/zXVTAqHxh1 pic.twitter.com/ooCuBwXtQe
— The Insider Trader (@AlessioUrban) February 13, 2020
🧐 23Months constructing a Bottom. Next? pic.twitter.com/933u5Pl9bM
— Antonio Pérez Algás (@apanalis) February 13, 2020
Trying to pick a top in names like #MSFT is the inverse of catching at falling knife. But the explosive move since September, does look eerily similar to its own final thrust in 2000. A bit of fun yes…but worth watching for any signs of flagging momentum. pic.twitter.com/DaYG6v1QFT
— Julian Brigden (@JulianMI2) February 13, 2020
Great chart from @TaviCosta on a correlation I had not thought of before.
"Damn you Tavi, Damn you."
👍😂 pic.twitter.com/VGBptxfv8D— Lance Roberts (@LanceRoberts) February 12, 2020
This chart clearly shows the problems originate with the Fed. With each crisis – tech bubble, housing bubble, everything bubble – the distortions keep getting bigger as rates keep going lower.
QED pic.twitter.com/8vpyJOBztu— Peter Schmidt (The 92ers) (@The92ers) February 13, 2020
Real Central Bank Rates (rate minus inflation)…
India: -2.4%
Poland: -1.9%
Eurozone: -1.9%
Sweden: -1.8%
Chile: -1.8%
Denmark: -1.5%
China: -1.3%
Australia: -1.1%
Czech Rep: -1%
Swiss: -1%
Japan: -.9%
Turkey: -.9%
US: -.9%
UK: -.6%
Canada: -.5%
Taiwan: -.4%
South Korea: -.3%— Charlie Bilello (@charliebilello) February 13, 2020
The Fed’s Dilemma: Fighting A Battle They Cannot Win
Renowned economist Lacy Hunt outlined the deleterious nature of excessive debt in a recent note:
Get Ready for a Stock Peak This Summer
He sees a lot of similarities between what is happening now and the year 2000—the market peaked in the front half of the year, followed by a recession.