On Wire

Breaking news, updates, and reports on current events.

South Korea reports first coronavirus death as millions urged to stay home

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by Sp South Korea reports first coronavirus death as millions urged to stay home South Korea reported its first death from the new virus on Thursday while the mayor of a southeastern city urged its 2.5 million people to stay inside as infections linked to a church congregation spiked. https://www.thestar.com/news/world/asia/2020/02/20/south-korea-reports-first-coronavirus-death-as-millions-urged-to-stay-home.html ====================== Korea coronavirus cases double; … Read more

Repo are used to push few stocks like Apple, Microsoft & amazon to keep the stock market alive & to sell everything meanwhile the economy is falling apart and everyone is long

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The conclusion after these news is that repo are used to push few stocks like Apple, Microsoft & amazon to keep the stock market alive & to sell everything meanwhile the economy is falling apart and everyone is long pic.twitter.com/VZSVicqxpv — Alessio (@AlessioTMAD) February 19, 2020 Central bankers are either out of touch with reality, … Read more

My dad emailed me a Marketwatch article about Tesla I might sell everything I own tomorrow

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https://twitter.com/gwestr/status/1229967859389882369 This is among the most absurd things you'll ever see. A company that showed a 34% y-y decline in revenue from its largest market.$TSLAQ pic.twitter.com/7U7KvtDFXx — Peter DeCaprio (@cppinvest) February 19, 2020 I love Lisa’s twitter feed. Pure info, no nonsense https://t.co/3g6DMEe7tK — Live Monitor (@amlivemon) February 19, 2020 From @sentimentrader: over 1/2 of … Read more

The World’s Best Kept Investment Secret

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by Egon von Greyerz There is a secret investment that virtually no investors are aware of. This is an investment that despite government manipulation and being besmirched by MSM still has outperformed all asset classes in this century. But it is not just an investment, it is the best hedge that anyone can buy against: A … Read more

Decoding Media Speak & What You Can Do About It

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by Lance Roberts Just recently, the Institutional Investor website published a brilliant piece entitled “Asset Manager B.S. Decoded.” “The investment chief for one institution-sized single-family fortune decided to put pen to paper, translating these overused phrases, sales jargon, and excuses into plain — and satirical — English.” A Translation Guide to Asset Manager-Speak Now is a … Read more

Virgin Galactic ‘overdue’ for a correction, Morgan Stanley says after 310% rally in 3 months

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https://www.cnbc.com/2020/02/20/virgin-galactic-stock-spce-overdue-for-correction-after-rally-morgan-stanley.html Virgin Galactic’s stock has climbed 310% in the past three months, a rally that caught even bullish Morgan Stanley by surprise. “A modest correction is overdue, and frankly, healthy, in our opinion,” Morgan Stanley said. Virgin Galactic has become Wall Street’s favorite speculative play, with the stock surpassing even Apple and Tesla as the … Read more

Another Major Car Maker Is Backing Hydrogen

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By Jon LeSage The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota, and Tesla’s Cybertruck and Semi. Hyundai and Yeosu Gwangyang Port Corp. are partnering to commercialize hydrogen fuel-cell trucks in South Korea. An agreement between the automaker and … Read more

A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers.

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via promarket: “The World Bank Group considers corruption a major challenge to its twin goals of ending extreme poverty by 2030 and boosting shared prosperity for the poorest 40 percent of people in developing countries.” On its website, the World Bank acknowledges that corruption is one of the main obstacles to development. However, according to a new study, World … Read more

RARE SIGNS OF SANITY IN CALIFORNIA:

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That Freelance Job-Killing Law Is So Bad That the California Legislature May Dump It Next Week. But note this: Next week, Republican Assemblyman Kevin Kiley is hoping that enough California lawmakers have received enough blowback to put a stop to the madness…They should just blow up AB 5 and pretend it never happened, but Kiley’s … Read more

EU make CRITICISM of MIGRATION a CRIMINAL OFFENCE

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"Criticism of migration will become a criminal offence." Actual words. https://t.co/sC2S9ruJc9 — Tess Summers 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇮🇪 (@tesssummers98) February 20, 2020 The EU is making the act of merely CRITICISING MIGRATION a criminal offence! Media organisations who report ANY criticism will be “shut down”.   JW

Is Reality Finally Setting In? Nasdaq Is Crashing As Major Factor Reversal Strikes

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via Zerohedge: While the catalyst for this sudden move is unclear, the fact is a notable regime shift is underway today in factors as the long-momo-short-value trade is reversing fast as Treasury yields tumble. Is this the start of a September-like reversal? Notably the almost incessant rise in low-vol strategies is getting hammered today… As … Read more

Bloomberg paid to have his own ass kicked on national TV last night

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Billionaires have some weird fetishes. ————- I want to to remind everyone that Michael Bloomberg PAID for that beating. He gave money to the DNC and they changed the rules so that he could be in the #DemDebate tonight. Very shortsighted. Hilarious! https://twitter.com/ali/status/1230344240980512768?s=20 Mini Mike used millions to get on that stage and he was … Read more