On Wire

This is not a technology boom…it’s a central bank liquidity bubble. It’s 10% technology, 90% “funny money.” We're experiencing the biggest asset bubble of all time, according to Bank of America – "disruptors" or e-commerce stocks like Amazon, Google, etc. This is not a technology boom…it's a central bank liquidity bubble. It's 10% technology, 90% … Read more

NEW YORK (CBSNewYork) — Mayor Michael Bloomberg’s food police have struck again! Outlawed are food donations to homeless shelters because the city can’t assess their salt, fat and fiber content, reports CBS 2’s Marcia Kramer. Glenn Richter arrived at a West Side synagogue on Monday to collect surplus bagels — fresh nutritious bagels — to donate … Read more

CHICAGO (WLS) — Cook County State’s Attorney Kim Foxx sat down with ABC7’s Craig Wall for her first sit-down interview since special prosecutor Dan Webb re-filed charges against actor Jussie Smollett. “I understand the attention that this has gotten,” Foxx said. “Political opponents have spent millions of dollars at the forefront of people’s mind.” A … Read more

When Bloomberg News’s Reporting on China Was Challenged, Bloomberg Tried to Ruin Me for Speaking Out. “The funny thing is, I never even worked for Bloomberg. But my story shows the lengths that the Bloomberg machine will go to in order to avoid offending Beijing. Bloomberg’s company, Bloomberg LP, is so dependent on the vast China … Read more

Some senators and advocacy groups from both sides of the aisle think government should have tougher financial management controls. If the reforms are approved, will be first update since 1990. Major provisions of the proposal include measures for: Standardizing Chief Financial Officers (CFO) responsibilities across the entire executive branch. Providing deputy CFOs new authority to ensure continuity … Read more

The pardon power of the United States Constitution has been broadly interpreted to include a variety of specific powers. Among those powers are: pardons, conditional pardons, commutations of sentence, conditional commutations of sentence, remissions of fines and forfeitures, respites and amnesties.[1] Historically, presidents have granted most respites for periods of 30 to 90 days and have renewed (extended) such delays when it seemed necessary.[2] The … Read more

by cookingboy Over the past few weeks I, along with some others around here or in the investment community in general, are a bit puzzled by the market’s extremely bullish outlook despite the economic impact of nCoV virus turning out to be a lot more severe than initially expected by many. In my original post about the … Read more

US equity market activity by foreign investors, households, mutual funds, and pension funds ended 2019 as net sellers while corporation’s buybacks are estimated to exceed $480 billion – just in the S&P 500 companies. This source of market growth cannot be counted on to prop up the equity markets in the future. https://www.marketwatch.com/story/buybacks-are-the-dominant-source-of-stock-market-demand-and-they-are-fading-fast-goldman-sachs-2019-11-06 As for … Read more

by UnhandledPromise Let’s break it down based on some research I did while the market was closed yesterday: Let’s look at profitability: with a current Operating Margin for Microsoft Corporation [MSFT] sitting at +33.96 and its Gross Margin at +65.81, this company’s Net Margin is now 31.70%. These measurements indicate that Microsoft Corporation [MSFT] is … Read more

https://www.cnbc.com/2020/02/18/outside-of-the-big-5-tech-companies-earnings-growth-is-zero.html Just five stocks — Facebook, Amazon, Apple, Microsoft and Alphabet — account for the S&P 500′s year-over-year EPS growth, according to Goldman Sachs. “Mega-cap earnings strength contrasts with small-cap earnings weakness,” the firm’s analysts led by David Kostin said. The “FAAMG” basket accounts for 18% of the total S&P 500 value. The last time … Read more