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,...
by irdadmin | Feb 12, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
I get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn’t expect a mild recession until mid-2020. Hmmm...
