by Dave Kranzler | Apr 3, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund algos are anticipating that the Fed will soon start cutting rates. Data indicates foreigners and retail investors are...
by Dave Kranzler | Mar 21, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“You’ve really seen the limits of monetary and fiscal policy in its ability to extend out a long boom period.” – Josh Friedman, Co-Chairman of Canyon Partners (a “deep value,” credit-driven hedge fund) The Fed’s abrupt policy...
by Dave Kranzler | Jun 12, 2017 | Financial Markets, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
“Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” The quote above is from Ben Graham, considered to be the father of value investing. Graham followed the crowd in 1929 and lost a small fortune for...
by Dave Kranzler | Jun 13, 2016 | Financial Markets, U.S. Economy
I will say right off the bat that Microsoft’s stock is now one of my favorite short-sell candidates. This is the 2000 tech bubble on steroids. MSFT itself is extremely overvalued given that its revenues are down over 7% on a trailing twelve month basis compared...
by Dave Kranzler | Jan 14, 2016 | Financial Markets, Market Manipulation, U.S. Economy
…A Bubblicious Breakfast Of Unicorns And Slippery Accounting Consider the case of Amazon. Its PE multiple on LTM net income of $328 million has dropped from 985X all the way to…….well, 829X! Likewise, it’s now valued at 97X its $2.8 billion of LTM free cash flow...
