Housing Bubble 2 in San Francisco & Silicon Valley Has Lost its Mojo. Why?

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Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: The stock market is at all-time highs. The Nasdaq has skyrocketed even more than … Read more

Why Stock Multiples Are So High

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by UPFINA You probably already know one of the most discussed topics on Wall Street is how stocks rallied much more than earnings increased in 2019. This is why the forward PE multiple of the S&P 500 is at 18.6 according to FactSet. As you can see from the chart below, quarterly returns on a year over … Read more

AMD’s Valuation Is Making One Analyst ‘Nervous.’ He Raised the Stock’s Price Target Anyway

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via barrons Advanced Micro Devices stock can go much higher even after its big rally, Cowen argues, due to the chip maker’s potential share gains in the notebook market. Its valuation, however, has the firm’s analyst “nervous.” AMD (ticker: AMD) makes processors that act as the main computing brains for personal computers, servers, and graphics cards. The company’s stock … Read more

Bill Still has five VERY interesting vids about CLINTON impeachment!

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… impeachment NOT for a criminal act? … WOW! … it is truly POLITICAL!!! … https://www.youtube.com/watch?v=cUogb2A8wsM&feature=youtu.be https://www.youtube.com/watch?v=mt6iURf1h_E&feature=youtu.be https://www.youtube.com/watch?reload=9&v=pmBz2E4x-z0&feature=youtu.be https://www.youtube.com/watch?v=kf6BMZAJdg8&feature=youtu.be https://www.youtube.com/watch?v=fhufvUXNso4&feature=youtu.be     h/t wisconsin

Wuhan, China now under full quarantine. No one is allowed in or out due to Coronavirus.

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The Chinese government has quarantined the city of Wuhan and plans to shut down the airport and public transportation amid an outbreak of the coronavirus. Watch the latest video at foxnews.com     The Chinese government has quarantined the city of Wuhan and plans to shut down the airport and public transportation within hours amid … Read more

HILLARY says “No one likes BERNIE” he Immediately JUMPS 10 Pts.

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https://www.politico.com/news/2020/01/22/tulsi-gabbard-sues-hillary-clinton-over-russian-asset-smear-102074?fbclid=IwAR3mNAVBz0BYd6Lj8rXNIkuMsWnU5FqK_qJ_XZZdGLQP2ag79reUVzD_p-Q Hillary Clinton describes Bernie Sanders as a ‘career politician’ who ‘nobody likes,’ in a new documentary. The fiery words revealed lingering bitterness toward Sanders, years after he unexpectedly challenged her in the 2016 Democratic primary https://t.co/djje3c3R2w pic.twitter.com/hQAL75KFoa — Reuters (@Reuters) January 22, 2020  

Hard Data Defies Confidence Consensus – The Slowdown Ain’t Over

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Via Economic Cycle Research Institute (ECRI), The consensus is that the U.S. consumer is still strong enough to propel the economy forward even though the manufacturing sector has weakened. This view underpins expectations for improved corporate earnings in 2020. But the hard economic data strikes a discordant note. In particular, growth in industrial production on a year-over-year basis remains … Read more

The Pentagon made $35 trillion in accounting adjustments last year alone

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by OB1_kenobi Article shows the staggering level of $$$ that passes into the hands of the Military Industrial Complex and the results are. I’m no genius, but $35 Trillion sounds like a lot more than just accounting changes. Someone either stole something, they’re hiding something… or they’re hiding that they stole something. From bloomberg: The … Read more

Tulsi Gabbard suing Hillary Clinton for saying she was a favorite of the Russians. That’s right Hillary Clinton is getting sued for trying to start a fake conspiracy

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by FringeCenterPodcast NEW: Democratic presidential candidate Rep. Gabbard has filed a defamation lawsuit against Hillary Clinton, claiming that Clinton "carelessly and recklessly impugned" her reputation with "favorite of the Russians" comments. https://t.co/DjDEzsfcAJ — NBC News (@NBCNews) January 22, 2020 First off I’m not in anyone’s camp. Tulsi says some stuff I agree with about being anti … Read more

A Democrat Impeachment Manager admitted the reason they’re doing this is because going to court wouldn’t have been quick enough to get this done before the election

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by smurfin101 🚨 There it is folks. A Democrat Impeachment Manager admitted the reason they're doing this is because going to court wouldn't have been quick enough to get this done before the election. Now we know why we're really here: So Dems can try to rig the 2020 election. pic.twitter.com/BY9KXAn4Q3 — Steve Scalise (@SteveScalise) … Read more

China: a patient with severe coronavirus infection has been treated using ECMO(extracorporeal membrane oxygenation)

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by OhNoThatSucks     Google translation: January 22, 2020 19:01 Beijing Daily Client This afternoon, good news came to the forefront of the fight against the epidemic. Wuhan University Zhongnan Hospital successfully used ECMO equipment to treat a patient with severe pneumonitis infection (male, 53 years old), the first case in Hubei Province. 53-year-old critically … Read more