On Wire

Breaking news, updates, and reports on current events.

Bear Market Coming In 2021?

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by UPFINA The retail investor group needs to be distinguished. There are always retail investors in the market. Many of them who have been investing for years have done well. The makeup of retail investors changes during manias as those looking to make fast money far outnumbers those in it for the long haul. Branding all … Read more

IB Chair Peterffy said IB customers are now net short, 1st time in history.

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https://twitter.com/pivotanalytics/status/1344250686683426818 ⚠️Corporate Insiders Buys🧐 pic.twitter.com/hTFVu0uSvG — Antonio Pérez-Algás (@apanalis) December 30, 2020 Charted below is the increase in total debt and the increase in nominal GDP in the 8 quarters before each of the last six recessions. In other words, how much did debt increase, and how much did GDP increase in the final two … Read more

2021: the only chart that matters..

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2021: the only chart that matters.. another 3 tr USD expected to reach markets in the next 12 months.. #liquidity vs. #assets pic.twitter.com/51VVVUqGca — Rothko Research Ltd. (@RothkoResearch) December 29, 2020 'When it came to financial markets in 2020, anything smacking of carrying any semblance of risk, from junk bonds to Bitcoin, had epic rallies. … Read more

Activist hedge fund is pushing Intel Corp to explore strategic alternatives

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Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker’s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to Intel chairman Omar Ishrak calling for immediate action … Read more

Is CuriosityStream (streaming platform) grossly undervalued at $550M with already 13M paying subscribers?

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by bearsgotoalaskanstfu The streaming industry is getting a lot of exposure lately with all the news from Disney+ and HBO max. Looking for a pure play in the streaming service I came across CuriosityStream. Basically the platform offers documentaries about science, history, politics, etc… and they have over 3000+ titles in the platform. The founder … Read more

This should not last for more than another week or so. But, right now, it’s bad!

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Interesting chart from Bloomberg today. The combination of partial lockdowns and holiday lull has plunged the economy back to its worst levels from last March. This should not last for more than another week or so. But, right now, it's bad! https://t.co/VrAnAAzbVL — Jim Bianco (@biancoresearch) December 29, 2020 More than 11m people under 40 … Read more

Speculative investors are hopped up on the price action. They are like gamblers at the casino as they are long cloud stocks on margin because they are the future. We’ve seen this play out before in the late 1990s…

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by UPFINA Price has a massive impact on sentiment. People begin to believe things that they otherwise wouldn’t have when prices were lower. From 2001 to 2019, most investors said the late 1990s was a crazy moment in market history which they probably wouldn’t participate in if it happened again. Now, we are seeing the late … Read more

What we are seeing is fiat currency debasement in a global scale, not just “weak dollar”.

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In the year of the "weak dollar" headlines, the US Dollar has strengthened above the majority of currencies globally. What weare seeing is fiat currency debasement in a global scale, not just "weak dollar". pic.twitter.com/U61l9UWF0j — Daniel Lacalle (@dlacalle_IA) December 29, 2020 As 2020 comes to a close, the recent growth in M1 as of … Read more

Today’s Negative Rates Are the Path to Poverty

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by Doug French via Mises Almost Daily Grant’s (ADG) made the pronouncement on December 14th that a “new benchmark in financial repression” had been set: ”a record $18.4 trillion in global debt is priced to yield less than zero, up from less than $8 trillion in March and a five-year average of $10.3 trillion.” ADG consulted interest rate historians Sidney Homer … Read more

Iran Cuts Power Supply To Iraq On Unpaid Debt

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By Charles Kennedy Iran has reduced exports of natural gas to its neighbor Iraq claiming the latter owed it more than $6 billion for supplies already made. The cuts were made two weeks ago, and further cuts will be made, Iranian officials said. “The Iraqi electricity ministry owes more than $5bn to NIGC for gas … Read more

Russian luxury brand selling gold-plated AirPods Max headphones for $108,000

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A Russian luxury goods brand has made the AirPods Max’s $550 price tag look like a bargain. Caviar, which specializes in taking mainstream products and putting an extravagant spin on them, has unveiled a “solid gold” version of the headphones that will retail for an eye-popping $108,000. https://nypost.com/2020/12/29/caviar-selling-gold-plated-airpods-max-for-108000/

Quantitative Easing: The Fed’s Big Lie

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by Dave Kranzler of Investment Research Dynamics “How do you print out of thin air $3 trillion and get it into the stock market this year without anybody seeing you do it? ‘Stock market’ meaning ‘stock market and other high risk/high yielding assets…’ The answer as it turns out is you don’t print $3 trillion, you print $6 … Read more