Mark your calendar. It’s finally happened. Public thought with respect to equities has finally jumped the shark in a way that was scarcely imaginable a few years ago. I present to you the latest financial app, Bull & Moon.

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Mark your calendar. It’s finally happened. Public thought with respect to equities has finally jumped the shark in a way that was scarcely imaginable a few years ago. I present to you the latest financial app, Bull & Moon.

Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky.
(more…)Earlier this week, after I dropped my wife and one of our children off at the airport, I decided to make a small detour on the way home. The airport was only about a mile away from the college I attended, so I thought I’d swing by the townhouse where my roommates and I used to live, just for old time’s sake.
As I made the turn off the freeway down The Alameda, the memories came back swiftly. I pulled up close to the townhouse complex where we lived, but I had forgotten there was a gate leading into the parking lot, so I couldn’t fulfill my desire to stroll around the place and think about old times. So I just parked in front of it, gazing up at the balcony where we used to throw water balloons at the unsuspecting traffic (Puerile, I know, but one of the better memories of my misspent youth).
(more…)This morning in pre-market the Amigos’ futures charts update the macro story…
…which goes something like this…
(more…)Some of you might have heard some rumblings from over in WSB-land. In fact, at 5 this morning, I sent the following email to Tom Sosnoff and Tony Batista, my colleagues at tastytrade:
(more…)I’m not sure if either of you ever don your hip waders and saunter into the madhouse which is /WSB, which the place has turned 100% into a mayhem-filled attic of people shrieking about how you can trick RobinHood into giving you obscene amounts of buying power (like $1 million on a $4,000 deposit). Seems their system is pretty broken, and figured you would want to know (although I suspect you probably know all too well by now) since their faulty code has really exposed them, at least to this group of degenerates on WSB.