Tim Knight from Slope of Hope's blog
As we head into another earnings season, the bulls better pray to whatever pagan gods they worship that company after company magically defy the downturn that the economy is quite obviously entering.
I went to the Tesla Factory last night to watch Elon Musk roll out his latest product - the Model X. Here's what I saw and why I shorted the stock.
Being a careful analysis of what happens when a snippy cheerleader grows up to interview a pleasantly-bearded economist on what folks should be doing with their surplus cash.
Anyone who looks at this index chart and thinks we are at the cusp of anything resembling a bull market is clinically insane and should be locked up for the protection of themselves and society at large.
Not even sand can withstand the most powerful market force imaginable.
Yellen's Last Hurrah: at this point, Janet "the antichrist" Yellen will have license to do Whatever The Hell She Wants to "fix" things. This will be her last free pass to do so.
She's a block away from the ghost of Steve Jobs. It's a lovely neighbhorhood, to be sure. But...........thirty million dollars???
But the aforementioned weasel words provide the best of both worlds: if commodities rally, then he can point to "nailing the bottom" with this interview. On the other hand, if commodities continue to sink, as I imagine they generally will, then he's got about five different escape hatches in this verbiage so that he's off the hook.
For the low price of $3.4 million you can call this place your own personal palace.
My only conclusion is that the sensational bearish setups are firmly in place and, once the bounce is complete, you will be witness to a fury of plunging price quotes that will, in the end, prove that Monday, August 24th, was simply a shot across the bow.
There are still guys out there like this, it's good to know. I'm sure if Caitlyn Jenner had been there instead, she would have tried something, but it's tough what with the ball gown's hemline and all.
What struck me, thumbing through the reactions, was the sharp contrast between those who apparently support these two nincompoops and those who didn't.
I think we're witnessing a sea change in the behavior of WalMart, and this is probably a helpful harbinger of the American economy as a whole.
It wasn't really clear to me how popular their site was, though, until the news hit on April 23, 1998 that Silicon Investor had been bought by go2net for $33,000,000 in stock. Now keep in mind this was just a discussion board we're talking about, little more sophisticated than the dial-up BBS's I had enjoyed back in 1981 on my TRS-80.
Well, the San Francisco Bay Area startup-for-everything economy has now reached a new low..........