You bought. They sold. Meet some of the insiders who unloaded $35 billion in stock amid the tech IPO bonanza before it tanked.

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https://www.marketwatch.com/story/you-bought-they-sold-meet-some-of-the-insiders-who-unloaded-35-billion-of-stock-in-the-tech-ipo-bonanza-that-tanked-11652878752?mod=home-page A year ago, Heather Hasson and Catherine “Trina” Spear traveled from Santa Monica, Calif., to New York to ring the opening bell at the New York Stock Exchange. The co–chief executives of FIGS, an online retailer of higher-end apparel for healthcare professionals, cheered their initial public offering together with people who joined them on … Read more

Costco is next, beatdown coming

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via WSB: I know that 90% of the time it’s just best to inverse the DD’s on this subreddit, but once in a while a trend is so easy to see that even us morons get it right. Before Walmart’s earnings a few of us mentioned concerns for earnings misses and forecast cuts in the … Read more

Still Hot, Hot, Hot! US Existing Home Sales Fall -2.4% MoM In April, But Median Price Is 14.85% YoY And Inventory For Sale Remains MIA (Fed Stimulypto Still Helping Housing Bubble)

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by confoundedinterest17 US Existing Home Sales were 5.61M SAAR in April, down -2.4% from March’s -3.0% MoM reading. But median prices YoY for existing home sales printed at 14.85%, still hot, hot, hot. With 3 consecutive declines in MoM existing home sales, how can prices still be raging at 14.85%? First, inventory for sale in April remains … Read more

Jacksonville’s secret police and an $87,401 invoice for public records

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COMMENTARY | I have to start with the cost: $87,401. Eighty-seven thousand four-hundred and one dollars: That is what the Jacksonville Sheriff’s Office wanted to charge Times-Union partner First Coast News before officials would even begin working on what should have been a routine and basic request for public records housed on the agency’s servers. … Read more

Last call for Tech Bagholders

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by HollowEarth1776 Blackrock is dumping next week, their momentum ETF is tech and financial heavy, others will follow. I bought SQQQ calls. If there are any tech bagholders left I’d dump before them.  

International Food Relief Shipments from Switzerland to Help Feed Hungry Americans—–Let that sink in.

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by Sundance  Comrades, Dear Leader Joe Biden cares about your well-being. Today, the United States government is proud to announce the first ever emergency food shipments from international relief agencies to help feed American citizens. Let that sink in. White House – Today, the Department of Defense (DOD) is sourcing the U.S. Department of Agriculture (USDA)’s request … Read more

Wall Street is panicking… They downgraded price targets on 162 stocks… Stocks are erasing their artificial run up from pandemic stimulus.

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Wall Street is panicking. According to Bloomberg data, analysts raised price targets on 62 stocks in the S&P 500 today. They downgraded price targets on 162 stocks. This ranks in the bottom 1.5% of all days in over a decade for net upgrades-downgrades. pic.twitter.com/up2aUsAic5 — Jason Goepfert (@jasongoepfert) May 19, 2022 It’s becoming more and … Read more