Financial media’s “star stock picker” [w/ edit]

“Star stock picker” Cathy Wood of Ark Invest… [edit] I do happen to agree about technology. Big time. But the issues of ‘monetary’ inflation/deflation and valuation come into play here. Last week I bottom fed a seriously good company that had a seriously out of whack valuation. Now it’s just garden variety over-valued. I have my eye on a few others in her portfolio. But … Continue reading Financial media’s “star stock picker” [w/ edit]

Here comes the news cycle: COVID-Variant style

COVID Variant news on Black Friday Complete with the obligatory picture of a dazed, confused and bemused trader above the media are serving a post-Thanksgiving side dish of COVID Variant; a nasty mutant apparently originating from a single patient in South Africa who incubated (hosted) the thing until it could ‘evolve’. Dow futures drop more than 700 points on fears of new Covid variant found … Continue reading Here comes the news cycle: COVID-Variant style

Meme this

The #Reddit craze, part 2 Now the financial media are going full frontal casino patron without even the pretense that they are something to be seriously considered. Eyeballs, baby. Eyeballs. Harvest ’em by any means possible. Worse still, it’s BoA that’s doing to the touting that the media are re-touting. These are the next Reddit stocks to watch, according to Bank of America So dunderheads … Continue reading Meme this

Bonds Away!

Bond yields top on the Bloomberg/Gross signal, as expected Now the caveat to my constant lampooning of ole’ Billy G comes by way of a response on Twitter to one of my fun-poking tweets. The responder thinks that maybe Gross has these big pronouncements put into the media at strategic times, like when he wants to cover a massive short position, for example. The BOND … Continue reading Bonds Away!

How Perfect, the Pause in Yields?

Media screws the contrary pooch (again) This time it’s Bloomberg and its BOND KING du jour*, Bill Gross making the call. And exactly one more hysterical day followed the call before the inevitable pullback (in yields) from the hype. I make no comment on how long yields will pull back because I obviously do not know. But I do make a comment that some kind … Continue reading How Perfect, the Pause in Yields?

Media’s Bear/Bull Mental Whipsaw

So who to believe, the “legendary” Jim Rogers, as interviewed by perma-bear/survivalist/gold booster Chris Martenson’s enterprise (click graphic, get story)? Or Mark Hulbert, he of the contrary mindset (click graphic, get story)? Correct Beuller, neither. The answer is neither. Don’t believe them. Don’t believe me. Don’t believe anyone other than yourself, after you’ve done a suitable amount of work to define probabilities for yourself. But … Continue reading Media’s Bear/Bull Mental Whipsaw

JPM Offers You Some Advice on Gold That You Should Completely Ignore

JPMorgan says sell gold volatility on ‘non-conflicting’ Trump health reports As if it’s the only factor instead of the non-factor it is (for all but the most flitty of day traders) JPM (by way of fn) enthralls you with this… “These spot moves reflect that the market initially jumped on the uncertainty from Trump’s diagnosis but faded as the news was further digested,” the global … Continue reading JPM Offers You Some Advice on Gold That You Should Completely Ignore

“Expert who called the 2008 crisis”…

Compliments of the MSM come a slew of headlines to whipsaw you with this morning. You can click the graphic to get all the details if you’d like. The media are only too happy to increase your noise level EVERY. SINGLE. DAY. Amid the ECONOMIES REOPENING!! hype there is the obligatory ‘Bond King’ stuff (meet the new Bond King, same as the old Bond King, … Continue reading “Expert who called the 2008 crisis”…

Wrong-Headed MSM Yield Curve Analysis

I made a big deal about the hype of an INVERTED YIELD CURVE… OH MY GAWD HEAD FOR THE HILLS!!! last summer as the public was treated to CNN, Fox News and scores of other dunderhead mainstream media outlets with robots reporting on something they know little about. The public? It was shitting its pants thinking ‘The yield effing curve??? Inverted??? I don’t know what … Continue reading Wrong-Headed MSM Yield Curve Analysis

mainstream media

7-10yr Treasury Fund Breakout & 10yr Note’s Recent Journey

With reference to the previous post, here is the chart I was originally looking for. Today IEF is making a move above the neckline. Why is this important? Well, it may not be very important to many casino patrons but it is important to macro dorks like me. Bonds are at the center of basically everything, because yields and the debt they mark up or … Continue reading 7-10yr Treasury Fund Breakout & 10yr Note’s Recent Journey

mainstream media

Financial Media Outdoes Itself: SYK to Acquire BSX; no Scratch That, SYK Denies It

So here is Forbes yesterday, after the MSM made a big deal about a buyout of Boston Scientific by Stryker, and BSX stock had already exploded. 4 Reasons Boston Scientific is a Screaming Buy 1. A deal with Stryker would open up attractive markets 2. The combined company could gain market share 3. Takeover price is likely to be higher than current Boston Scientific value … Continue reading Financial Media Outdoes Itself: SYK to Acquire BSX; no Scratch That, SYK Denies It