Contrarian Reads

WeWTF!

Writing on his “No Mercy / No Malice” blog, Galloway says any Wall Street analyst who believes WeWork’s worth over $10 billion is “lying, stupid, or both.”                   https://www.zerohedge.com/news/2019-08-21/wewtf  

“This Is The Worse I’ve Seen It” – Recession Imminent As RV Industry Crashes

Michael Hicks, a Ball State University economist who tracks the industry, warned that the fall in RV shipments could indicate a broader economic downturn is ahead. Hicks said shipments had fallen sharply just before the last three U.S. recessions.           https://www.zerohedge.com/news/2019-08-20/worse-ive-seen-it-recession-imminent-rv-industry-crashes  

10 RussiaGate Documents Which Will Doom The Dems If Declassified

Here are the documents that Solomon believes  have the greatest chance of rocking Washington, if declassified:                 https://www.zerohedge.com/news/2019-08-20/solomon-if-trump-declassifies-these-10-documents-democrats-are-doomed

Not MAGA: The Donald’s Visible Economy Scam And Invisible Policy Disaster, Part 2

The Donald’s signature line at his New Hampshire rally last week will surely go down as one of the stupidest, most arrogant boasts ever to roll off the lips of a clueless politician. Speaking to an arena full of supporters, he averred that the US economy will tank if he is not reelected: …..”See, the …

Not MAGA: The Donald’s Visible Economy Scam And Invisible Policy Disaster, Part 2 Read More »

WeWork: A Financial Scam So Obvious That It’s An Insult To The Concept Of Investor Stupidity

Neumann has actually been able to convince people that WeWork is a technology company, as a way to justify its absurdly high valuations. In addition to extolling their ‘culture of inclusivity’ and ‘energy of an inspired community’, the company’s SEC filing refers to their ‘extensive technology’ more than 120 times. Of course, there’s never any …

WeWork: A Financial Scam So Obvious That It’s An Insult To The Concept Of Investor Stupidity Read More »

PIMCO Starts Dumping Bonds, Fears “Helicopter Money” Is Around The Corner

Amid a collapse in global bond yields (to record lows) and soaring aggregate volumes of central-bank-created negative-yielding debt, at least one big bond shop is dumping sovereigns.                 https://www.zerohedge.com/news/2019-08-20/pimco-starts-dumping-bonds-fears-helicopter-money-around-corner

Thanks, For The MAGA, Donald! Home Depot Lowers Sales Forecast On Tariff Worries

Home Depot lowered its sales forecast as the company warned that rising material costs as well as the potential effects of tariffs on U.S. consumers could weigh on growth.               https://www.wsj.com/articles/home-depot-cuts-sales-forecast-posts-slightly-lower-profit-11566298171?mod=hp_lista_pos5

Thanks For The MAGA, Donald! Apparel Companies Fear Tariffs Could Squash Profits

U.S. apparel companies are bracing for squeezed profits and potential store closures as a result of the Trump administration’s pledge to extend tariffs on Chinese imports…… About 40% of all clothing and 70% of shoes sold in the U.S. are made in China, according to the American Apparel and Footwear Association.         …

Thanks For The MAGA, Donald! Apparel Companies Fear Tariffs Could Squash Profits Read More »

Mind The Topping Process—Tis An Excellent “Rally” To Sell

On Monday, we closed out 25% of our long trading position. We will also continue to sell into any further rally as the market challenges overhead resistance. The rest of our portfolios remain defensive, hedged, and are carrying an overweight position in cash. The reason we suggest selling any rally is because, until the pattern …

Mind The Topping Process—Tis An Excellent “Rally” To Sell Read More »