One day after raising AAPL Price Target on multiple expansion, Bank of America raises Tesla also on multiple expansion (from 55x to 87x 22 EBITDA). Wall Street has gone full 99-00 pic.twitter.com/2eAfIABlWW
— zerohedge (@zerohedge) September 2, 2020
UPS driver on my office route is telling me about his Robinhood gains. We’re beyond close.
— Bane (@MedievalNomad) September 2, 2020
I really cant take much more t.co/8yi7qfe4nd
— BLACK SWAN – HODL puts (@RetirementRight) September 2, 2020
Banks cutting credit card limits at fastest rate for those who rely most on credit cards; doesn’t bode well for households in precarious financial situations, especially if additional government benefits stop flowing @TransUnion @Bloomberg pic.twitter.com/Fuoq4Y9v7n
— Liz Ann Sonders (@LizAnnSonders) September 2, 2020
Imagine buying a bond that yields less than inflation from an extremely leveraged company.
That’s the case today in the US.
Real yields for the average corporate bond are now at their lowest level in history. pic.twitter.com/NDnSloOXOY
— Otavio (Tavi) Costa (@TaviCosta) September 2, 2020
One of my most important Models is moving into the Sell/Hedge zone.
This is the 20th signal since 2009 – most led to sharp pullbacks or big corrections in Stocks.
Potential high risk of a bigger Tactical regime shift approaching – monitoring turn down for confirmation (TBD). pic.twitter.com/GnD14hh9nb
— Macro Charts (@MacroCharts) September 1, 2020
The only ammo there is now is call buying in big tech
Ask yourself: What would happen if those calls fail and this market reverses? Fast move down— Farris BABA (@farrisbaba) August 31, 2020
Apple is now worth more than the FTSE 100 Index, who is the $2B call buyer, SoftBank? And more important, who is the seller? Better be Buffett or an equity derivatives desk is in trouble? t.co/TP4Ft5kn8W
— Lawrence McDonald (@Convertbond) September 2, 2020
If you can't hear the opposing side of your thesis without getting upset, you're not going to last long in this game.
— Apollo Trading (@apollotradingsd) September 1, 2020
We are watching a redux of the SE Asian Currency crisis brewing under our noses. All of the EM countries struggling with mountains of $ debt using FX swaps as a means of obtaining $ funding are about to lose large chunks of reserves when the $ takes off again.
— Invisible Fist (@matrbk) September 2, 2020