Forward P/E is at 23x, the highest since the dot com bubble
Forward Earnings Yield vs. 10yr Treasury Yield h/t throwaway8102326
On Wire
Breaking news, updates, and reports on current events.
Some investment advice from an autist
by CptTonyStark I see so many people here losing their life savings at a critical point in their lives so I’ll repeat my investment philosophy that has allowed me to be 270% up YTD, and I’ve already taken out my initial investment and 75% of my profits: I always ask myself, if I had the … Read more
This pandemic is going to change consumer behavior for the rest of history. Wait what?
This pandemic is going to change consumer behavior for the rest of history Wait what? pic.twitter.com/M7sKbGeVjy — Ben Carlson (@awealthofcs) May 9, 2020
The Economist: Financial markets have got out of whack with the economy. Something has to give.
Re the dangers of the massive decoupling of #WallStreet from #MainStreet : From the editorial in @TheEconomist on "The market v the real economy: Financial #markets have got out of whack with the #economy. Something has to give."https://t.co/5Kt6Wyd5nj#investors #investing pic.twitter.com/jDzZSOjNs0 — Mohamed A. El-Erian (@elerianm) May 10, 2020 Bloody hell. 🥶🥶#depression2020 https://t.co/gG2ScYm582 — Tuomas Malinen … Read more
The near doubling of death predictions in a closely followed model underscores a frustrating reality: Many basic facts about the coronavirus remain unknown
The near doubling of death predictions in a closely followed model underscores a frustrating reality: Many basic facts about the coronavirus remain unknown https://t.co/vEkSuIwhKI — The Wall Street Journal (@WSJ) May 10, 2020 As researchers begin to test homeless individuals in the United States for the virus that causes COVID-19, they’re discovering that the situation … Read more
Alert: Millions Of American Families To Be Evicted By July
by AC Thanks To The Great Corporate States of America. They Don’t Care About Us. Millions Simply Won’t Be Able To Pay Back The Backlogged Payments. So Those Who Are 3 Months Behind Their Mortgage / Rent Will Be Evicted…..Once The Hold Expires. They Will Say : You Are On Your Own. They Won’t Be … Read more
How Badly Is Gavin Newsom’s Perma-shutdown Going? Willie Brown Is Savaging Him In The Chronicle:
This can’t go on. California has to figure a way out. “When people were asked to shelter in place, they did so in amazing numbers and with no plan. But nobody envisioned the shelter-in-place would last this long.” UPDATE: When Willie Brown and Mary Katharine Ham are on the same side: ANOTHER UPDATE: From the comments: “Brown was … Read more
The Major Problem With Shutting Down Oil Wells
By Irina Slav Oil well shut-ins are the new black. Everyone, especially in the U.S. shale patch, seems to be shutting in wells in response to what is shaping up to be the Great Glut of 2020. Now, many are asking how all these wells will be restarted once prices improve. The answer? Nobody knows. Shutting … Read more
Ben Carson Says This Crisis was Intentional
Those who have brains already knew it was. Now one of the smartest Politicians in America is telling us we were right. Anyone who wants to argue his intelligence needs to zip it. Carson is amazing. h/t SouthSide
Bear meeting (Meme)
Bear meeting (sound on) byu/LukeTheFirst inwallstreetbets When it said “look at yourselves” and it showed -97%, -98%, -99% and -100%, I f*cking died h/t 100Kto0
Joe Biden Stands Up for China: Economic “Growth of China OVERWHELMINGLY in Our Interests”
#BeijingBiden doesn’t have what it takes to lead this country through a crisis or stand up to China. 1. He has too many conflicts of interest (like Hunter’s 1.5 billion dollar Chinese payout) 2. It's sad to watch, but Joe's clearly in decline. Xi would would walk all over him! pic.twitter.com/3RU3qLXB4C — Donald Trump Jr. … Read more
Odd, WH put up a 28 second video of President Trump Participates in a Meeting with Senior Military Leadership and National Security Team
Who this message is for depends on what you think they’re meeting about. Peculiar! h/t AO
The People are Rising Up – Journalists & Politicians Beware
by Martin Armstrong A former respected journalist has come out quite angry and has called for the people to overthrow the Merkel government. He states he is willing to go to prison but begs everyone for the sake of the country and their families to reject Merkel and her links to Bill Gates and … Read more
Jim Sinclair – Debt Jubilees Everywhere. Simple Math says $50,000 to $87,500 Gold Price
Is a biblical debt jubilee coming to America? Sinclair says, “We already have jubilees. If you don’t pay your rent, you have a jubilee. If you don’t pay your student loan, you have a jubilee. If the payment of your auto insurance is postponed, you have a jubilee. We’ve got jubilee after jubilee after jubilee. … Read more
Wells Fargo slow recovery
by WorkPiece What am I missing? JPM up 18% off lows BAC up 30% off lows C up 40% off lows GS up 37% off lows MS up 44% off lows USB up 20% off lows TFC up 40% off lows PNC up 30% off lows COF up 54% off lows BK up 31% off … Read more
BIDEN SOLD OUT AMERICA TO CHINA WHILE WORKING FOR HOLLYWOOD:
via frontpagemag “Some of you were there. Literally when by end of that lunch we had a handshake,” Biden boasted to the MPAA. “The next year the number of blockbuster foreign films showing in China has increased by over half and our share of the box office revenue has doubled — or your share of the … Read more
THE DEATH OF EQUITIES REDUX: The Booming Market for Gloom.
via commentarymagazine NBC News speculated that the shift millions of Americans have made to working, learning, and interacting with friends and family online will be difficult to roll back. “The major question will be whether ‘normal life’ ever returns,” this report concluded. And what about those of you who enjoyed socializing in the Before Time? Presumably, you … Read more
Company layoffs accelerate as recovery appears elusive… 9,000 Catholic churches received PPP loans meant for small businesses
Company Layoffs Accelerate as Recovery Appears Elusive General Electric, Airbnb, Uber among employers planning job cuts Corporate America unveiled another wave of job cuts and warned of additional reductions, as executives signal they are resigned to a lengthy coronavirus-induced economic downturn. This past week, General Electric Co., Uber Technologies Inc. and Airbnb Inc. said they would lay off thousands of workers. MGM … Read more
Celente: Market Spike A Fraud. ‘Greatest Depression’ Has Begun
Trends Research, Released on 5/8/20 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered … Read more