by irdadmin | Feb 26, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
I don’t know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a...
by irdadmin | Feb 23, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Tesla continues to head south since hitting its post-earnings high of $321. It’s down nearly $100 from the $380 post “funding secured” tweet all-time high close on August 7th. The stock has diverged negatively from the SPX since mid-January. By all...
by irdadmin | Feb 20, 2019 | Financial Markets, Market Manipulation, U.S. Economy
At 5:15 p.m. on February 19th, Elon Musk tweeted that Tesla would produce 500,000 cars on 2019. The headline hit news terminals globally. The stock jumped over $1 in after hours trading. Four hours later Musk tweeted that he meant Tesla would be producing cars at an...
by irdadmin | Feb 18, 2019 | Financial Markets, Market Manipulation, U.S. Economy
On January 31st, Amazon reported an expected “beat” for Q4 revenue and net income. After the headline report hit the tape, the stock soared $59 to $1777 from the closing price ($1718) minutes earlier. But then the stock began plunging. It closed the...
by irdadmin | Feb 14, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The retail sales report for December – delayed because of the Government shut-down – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly,...
