On Wire

https://twitter.com/RemiGMI/status/1256883933687558144 Doing some quick checking on valuations (using #Fridays close) versus S&P's 4/30/20 estimates. Two conclusions:1) Estimates have not been revised down nearly enough2) Market remains exceptionally overvalued considering what's coming on the data front. pic.twitter.com/vTEoeNgZw6 — Lance Roberts (@LanceRoberts) May 3, 2020 $VIX futures forward curve went back into a strong backwardation configuration last … Read more

by Sten_Duncan2 Now, there is a reason that commercial advertisements for gold target demographics that we will generously call “unsophisticated”. Gold is perfect for short term thinkers/investors because doesn’t actually grow in the long term the way equities or bonds do. But to understand the powerful short term play I’m talking about, we need to … Read more

Riyadh’s Tadawul All Share Index ends the day down 7.4% Equity gauges in the U.A.E, Kuwait, Qatar and Egypt also drop Saudi Arabian stocks dropped the most in almost eight weeks after the kingdom’s finance minister said “painful” measures — including deep spending cuts — were needed to respond to the coronavirus crisis and crash … Read more

#Russia- Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly in the capital Moscow. 🔴 #Russia– Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly … Read more

Tara Reade’s cancellation of her interview on Fox News follows a troubling 24 hours. -MSNBC confirms they invited Reade for an interview after Reade claims they did not -Neighbor no longer sure about what Reade told her years ago -Reade now says she never filed a formal complaint https://twitter.com/travisakers/status/1256634251845435397?s=20   FA

It’s over, folks. For better, or for worse, it’s over. May come back to bite us in the ass, but the gate is open. Rural bars, people hanging out in front, food being served. Private campgrounds absolutely packed, people towing boats, ATVs, horse trailers, and campers. Social distancing practiced halfheartedly. In general, people looked like … Read more

Sis has been working at whole foods extra hours since lockdown three of her five team members got the virus looking at the illinois has been steadily increasing for the last month https://www.worldometers.info/coronavirus/country/us/ USA………….Case…………New State………..Total………..Cases ______________________________________ New York……..319,213………+3,991 New Jersey……123,717………+2,527 Massachusetts…66,263……….+1,952 Illinois……..58,505……….+2,450 That is all i got not much but real info   AC

Drowning in a sea of liquidity. “In a solvency crisis, companies can’t survive no matter how much they can borrow: they need more revenue. The Fed can’t solve that.”—Greg Ip, @WSJ https://t.co/QehaXr9wdC — Daniel Lacalle (@dlacalle_IA) May 2, 2020 Is the economy facing a liquidity crisis, or a solvency crisis? The distinction will determine how … Read more

It's happening slowly, but more investors are starting to figure out what lies ahead. It's just going to be much worse than most expect.https://t.co/E2ugJPlb6c — Peter Schiff (@PeterSchiff) May 2, 2020 Down >-90% if #depression take place pic.twitter.com/fePFLgk9Nh — Antonio Pérez-Algás (@apanalis) May 2, 2020 SAUDI FINANCE MINISTER SAYS THE ECONOMIC SHOCK RESULTING FROM LOW … Read more

Warren Buffett "We don't see anything attractive" — Win Smart, CFA (@WinfieldSmart) May 2, 2020 Berkshire Hathaway has been selling stocks & stockpiling even more cash. “If Buffett himself isn’t seeing opportunities, even in his own stock, what are we to think about the recent market selloff? Is it not a buying opportunity for long-term … Read more

Classic. Consumer confidence is collapsing in most major countries in Asia Pacific, but not in China. Fabricated data.…. CCP at its finest. pic.twitter.com/VslzmXKer3 — Otavio (Tavi) Costa (@TaviCosta) May 1, 2020 Ouch. $MCHI now below 200DMA. Must ask again… Who is still interested in buying this? https://t.co/jLWh83g2JX — Otavio (Tavi) Costa (@TaviCosta) May 1, 2020

by PurportedGamer This house is priced too high imo – Elon Musk  

by AlwaysHavingFun2020 DATE ticker name comment 05-01 $WY Weyerhaeuser Company suspend thx u/invalidTypecast 05-01 $DNKN Dunkin’ Brands Group, Inc. suspend thx u/nhairnuattoa7 04-30 $RDS-A Royal Dutch Shell plc reduce $0.47->$0.16 thx u/speacial_s 04-30 $WDC Western Digital Corporation suspend thx u/infidel129 04-28 $HOG Harley-Davidson, Inc. reduce $0.38 -> $0.02 thx u/brintoul 04-27 $GM General Motors Company suspend thx u/19Black 04-27 $GLP Global Partners … Read more

This isn’t a Credit Cycle. This is a Systemic Cycle. They pushed it Too Far. Beyond the Breaking Point. Now the Systemic Collapse has Commenced. There is No Stopping it. From here, Annihilation. On the Other Side, we can Rebuild Anew. But for Now, Systemic Collapse. — Paranoid Bull (@paranoidbull) May 2, 2020 The macro … Read more

by jpk unrealized losses of 54.5 billion from investments First, some highlights: Q1 operating earnings: $5.871 billion, up from $5.555 billion last year ($5.56 billion expected by analysts Q1 investment gains: -$54.517 billion, down from $15.498 billion last year Q1 net earnings per A share: -$30,652, down from $13,209 last year Q1 net earnings per B share: -$20.44, down … Read more