For most late February and early March, as the coronavirus was making its way around the world, most market participants and pundits were insisting that we do not have a financial crisis, but a health …
Continue readingBanks Shot – XLF
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Yesterday was the single largest percentage gain for the Dow Jones Industrial Average since 1933, up 11.3%, while the S&P 500 (SPX) gained 9.3%. Truly Astounding. This is what my watch list looked like…Are we …
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Last night I had a conversation with a friend who is long Zoom (ZM), he bought it on its first day of trading back in mid-April, not at the $36 IPO price but on the …
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So the Goldman Sachs folks are chirping in their old crony, current Treasury Secretary Steve Mnuchin’s ear about re-opening the economy before we have any clarity on when coronavirus cases might peak in the U.S.: …
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Last Tuesday on CNBC’s Fast Money I was asked about some signs that might think are signaling that we are close to capitulation, I had the following to say: Another wild day for stocks with …
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“Trust me, everything is going to fine..” These coronavirus pres-conferences have one job, instill confidence in the government’s response at the same time giving useful information to scared citizens, they are failing at that, and …
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Last night while I was on CNBC’s Fast Money, as we were talking about the potential capital needs of Boeing (BA) and the market rumors that they were seeking a financial lifeline from the government, …
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