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Peak "Greatest Fool"
Confirming everything US "investors" already knew but were afraid to admit... earnings-less IPOs just hit peak greatest fool levels in the most uncomfortable deja vu moment of the 'recovery'...
We are sure, however, that Yellen and her compatriots will still not see any bubbles here...
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Earnings? We don't need no stinkin' earnings!
More POMO Please!!!
If you don’t eat your meat, you can’t have any pomo.
My GeoCities stock did not have earning and Yahoo bought me out for $335 per share in 1999.
What could possibly go wrong now.
;-)
I'm thinking a relaunching of Pets.com is in order. Given the state of the "market" these days, how could they fail this time?
The vulture capitalists will get their money. Once that is done, why should they care the company is worthless? Silicon Valley has turned into a giant scam.
Let's just throw all bank deposits into stock market, then fix the SP500 at double its current value and we are all twice as rich. Yellen can do it and save the world.
Phew, still got one percent to go!
QuePasa.com .... had no earnings , AND no revenues ... the all-time best IPO
In Australia there are now IPOs that not only lack revenues or earnings, but actually have "going concern" qualifications from the auditor already in their prospectuses. They are listing companies that barely are afloat.
Peak fucking ridiculousness.
But of course, the purpose of these fake Australian IPOs is just to create a fake "market price", with the free float restricted to the point the stock prices are set by cartel. Some of these "IPOs" leave 99% of the company held by top twenty shareholders, creating a "market price" endorsed by ASIC that in no way is set by a market.
And the last couple of 'financial advisers' I spoke to are oblivious, good luck to those with dosh in managed super funds. Its criminal. (btw like your blog).
Thanks for that, really appreciated.
Ditto with useless eater.
earnings are for loo oh oh zers
Infinity is a number isn't it?
Peak dumbass is more like it. Anybody buying into that QE supported bankers' casino deserves what they get.
peak dumbass? nope - hasn't peaked yet
Last I checked, there was no shortage of registered voters.
As long as Belgium is the greastest fool of last resort who cares.
There's only two things I hate in this world. People who are intolerant of other people's cultures and the Dutch. (Austin Powers)
I don't want no commies in my car. No Christians either. (Bud, Harry Dean Stanton's character in Repo Man from 1984)
about 'Belgium'...
http://fofoa.blogspot.com
Tech Bubble, Housing Bubble, and QE
Yep, this will all end well.
//And the Bubble Bubble.
Dot Com 2.0 "Reaching for Yield"
"A captivating movie starring Eddie Murphy as Barak O'bummer and John Candy as Warren B..."
This scam works much better before the SHTF. TPTB are happy as long as the banks get their fees for pushing this stuff out the door.
This is really a positive to the investor. These companies are now negative so that means they have tons of room for growth. Shoot if all they do is break even that is growth and growth is good.
IPO "Idiot Purchasing Order"
There is something elementarily invalid about the USA FedRes's Policy of money creation,
and something basically wrong with its 'money' distribution Policies
and something essentially wrong with its Holy of Holies, "Economic Theory".
But then, we now know that "Economic Theory" is nothing but, "Political Expediency",
and that being so visible, carries absolutely no credibility nor integrity at all.
An ocean of political incompetence aka crazed fanatical fundamentalism or Chaos.
Ho hum
Aq
this is one of the issues we consider over at freegold central (http://fofoa.blogspot.com).
Understanding that we are fighting, not just a corrupt system, but basic human nature is essential to financial survival.
You may not like the way things are but you had better at least be able to see how the world has always operated.
May massacre!
So...Negative earnings are a good thing yes?
yup; negative earning = more QE = lower rates for longer = more buybacks = bullish
I've got this great idea for a web site. We pay people to take selfies and post'em on the site. I'm sure we'll make a profit on volume sometime in the future. Who's in?
I'm all for it as long as I can put a paper bag over my head.
Let's face it. Humanity is getting dumber, fatter, and sicker in both the mind and body. Why does anything surprise us when the number of zeroes keep climbing but aggregate values keep dropping?
It looks like an excellent time to enter the market. Jump in, sit down buckle up and ride this DOW bitch to 18,000.
Capt. Jack Yellen is at the controls for this flight. No problem will be seen on the horizon nothing but clear friendly skies ahead. No worries!
looking at the chart, its obvious that from the market peak in Jan 2000 to the bottom in 2002, they kept shovelling them out.
Sheep will be sheep. The sheep, of course, being the mutual fund managers running all that 401k money. Hookers visiting the office and all that, you know.
Obama-era corporate accounting principles -- to the moon, fuckers, don't say anything to spoil the party.