There will be no charts or graphs in this post. Yesterday the bear market became official, with the S&P 500 crossing below the 20% threshold where market observers typically draw the line. We dropped 21% in the fourth quarter of 2018 but the recovery was V-shaped. This time, it’s not done going down and a […]
The 9/11 Analog
If you were an investor during 9/11 or worked in the business, then you feel the parallels between this moment and that one very acutely. Then, as now, the life and death issues of the moment overrode concerns about market volatility, although the volatility became expected each morning when we opened our eyes and went […]
Biden Can Win
I don’t endorse political candidates on this blog, and I’m not writing this with the intention of getting into a political debate. Before you react, I will state emphatically that my political opinions are trash and only yours are the correct ones. Okay, with that out of the way, I will proceed with the point […]
I’m here, to remind you
Good morning. Stocks were halted after a 7% drop, which triggered the first of three circuit-breakers designed to give buyers and sellers a chance to regroup during moments of extreme volatility. The system is clearing itself of over-leveraged players, forced liquidators and panic sellers. There are people selling for a variety of reasons, but everything […]
The two-day, two trillion-dollar wipeout
CNBC.com: The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices. The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion […]
Three Surprises for 2020
[embedded content] Be sure to subscribe to our channel so you never miss an update Michael Arone, Chief Investment Strategist for the SPDR Americas Business at State Street Global Advisors, has gone 10 for 12 with his annual surprise predictions since 2016. Josh Brown and Michael Batnick want to know what it is about his […]
Everything Warren Buffett said on CNBC this morning
Warren Buffett: ‘Kraft Heinz should pay down its debt’ from CNBC. Warren Buffett: I’ve been a net buyer of stocks every year since I was 11 from CNBC. Warren Buffett: ‘I don’t own any cryptocurrency and I never will’ from CNBC. Warren Buffett: Berkshire is worth the same with or without me from CNBC. Warren […]
How to start a hedge fund from scratch
[embedded content] Josh here – Dan McMurtrie and his partners founded Tyro Partners, a New York City-based hedge fund, at a time when hedge fund closings are much more common than emerging fund launches. Dan lists some of the most important things he’s figured out on his journey. He also talks about how one of […]
Rich Greenfield on all the streaming video plays
[embedded content] We had Rich Greenfield stop by and tell us about who’s who in the Streaming Wars and what investors need to know about the prospects for these companies. Greenfield has been covering the Tech Media Telecom (TMT) space since the 1990’s and knows the players involved forward and back. There’s a lot of […]
Rooting for a Correction
[embedded content] Unless you’re 90 years old and intend to spend the last dollar in your portfolio next month, I don’t know why you’d be rooting for endless all-time high streaks. I’m definitely not. Be sure to subscribe to our channel so you never miss an update On an all new What Are Your Thoughts, […]