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Last night, the Japanese Central Bank did its thing, which as the chart plainly shows means pounding the country’s currency into 1-ply toilet paper. Japan was a thriving, prosperous, growing economy until the late 1980s, after which time it has been an increasingly desperate simulacrum of the real thing.
Third quarter earnings season is heating up Wall Street. Investors and analysts are keeping a close eye on the upcoming earnings sessions of some of the biggest mega-cap technology companies, hoping that they will deliver better-than-expected returns against the backdrop of sticky market conditions.
Most investors are holding their breath, as the Magnificent Seven – Alphabet (NASDAQ: GOOGL); Amazon (NASDAQ: AMZN); Apple (NASDAQ: AAPL); Meta Platforms (NASDAQ: META); Microsoft (NASDAQ: MSFT); Nvidia (NASDAQ: NVDA); and Tesla (NASDAQ: TSLA) – are set to release their quarterly earnings in the coming weeks. These seven household names have added almost $4 trillion in market capitalization this year.
(more…)OK, fine. Fine, fine, fine. I’ll do it. Lord. In fact, I did it. November 17th $82 calls, yes calls, on TLT.
Lordy, I hope I don’t regret this. I’m up 5.77% so far, but who knows……..
