Authored by Harris Kupperman, CIO and president of Praetorian Capital, via AdventuresInCapitalism.com, Over the past week, I have taken my bullishness on tankers from level 10 to 11. It started with the Saudis busting out of the cartel formerly known as OPEC+ in order to dump oil and crush US shale, but it has progressed […]
Did You Say Free? Every great investor searches for new and effective investment opportunities to fulfill their needs. One of the best ways to do so is by utilizing an efficient and essential toolkit. It should be one that offers modern stock screeners, market information, insider trading data, and a lot more. If you have […]
Authored by Ben Garrison A PLAN YOU CAN’T TRUST! For the past decade, Bill gates has been warning us about an inevitable pandemic. Conditioning us. Getting us used to the idea. Last year, he even held a summit on the matter and ran computer simulations to predict outcomes. Why did a former computer nerd and […]
Bill Ackman bet on a winner amid the coronavirus (COVID-19) pandemic. On March 18, the founder of Pershing Square Capital said on CNBC that at the rate the coronavirus is spreading, the American economy will enter a “depression-era period” and as many as a million Americans could die. Ackman said the only solution was for President […]
Imperial College London’s Neil Ferguson – who originally estimated 500,000 deaths in the UK due to Coronavirus, now says that the virus will peak in just two or three weeks, and that UK deaths from the disease are now unlikely to exceed 20,000, according to NewScientist. The need for intensive care beds will get very […]
An absolute disaster is fast unfolding aboard the aircraft carrier USS Theodore Roosevelt in the Western Pacific causing emergency contingency plans to be put in place. By Wednesday eight sailors aboard the carrier tested positive for COVID-19, but clearly the outbreak aboard the ship is nowhere near being contained as on Thursday the US Navy said that […]
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade. By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk […]
No one has ever seen anything like this. By Wolf Richter for WOLF STREET: This morning, the US Dept. of Labor announced that 3.283 million people had filed initial unemployment claims in the week ended March 21. We were warned yesterday that today’s initial claims would be horrid. In his press conference yesterday concerning the coronavirus, California Governor […]
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Earlier today we reported that amid a growing investor panic that the Wu Flu will be the final nail in the malls’ coffin, resulting in countless retail outlet closures and a collapse in rental payments crushing the commercial real estate space, the “Big Short 2.0” trade, shorting the CMBX 6 series which has an outlier […]
Dear Reader, What we’re seeing today is absolute carnage. Never have the markets had such a shock where economies, supply chains and health have all stretched to critical mass. What were extreme market conditions one day became instant entries in record books. Every new day seems to bring increased panic and downside. On a comparative […]
Authored by Elias Marat via TheMindUnleashed.com, The continued outbreak of the coronavirus has been an enormously disruptive and tragic event, with massive humanitarian and economic repercussions for the entire world. However, there have also been some surprising and not entirely unwelcome side effects. Case in point: the canals of Venice, Italy, which are normally teeming […]
A public health document viewed by The Guardian says the Covid-19 outbreak could last until spring 2021 and lead to millions hospitalized. The secret document was written by the Public Health England (PHE) reveals the virus crisis could be sticking around for another 12 months and infect upwards as 80% of Britons over time. The […]
Just hours after S&P took the machete to Exxon’s long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock price has crashed from $350 to $130 in a little over a month after it announced it was fully drawing […]
A criminal investigator in Moscow has lost his job after he took a selfie with dead bodies in a morgue, the city’s police force said in a statement Friday. The Moscow Interior Ministry said it discovered the photo of Vyacheslav Gorneyev, the head of the Shchukino district’s criminal investigation department, and his junior colleague Tatyana […]
Quickest Bear Market Decline Ever In the past few weeks many have been discussing how this bear market due to COVID-19 isn’t as bad as the 2008 financial crisis. The situation is inching closer to the financial crisis and further away from the mini bear market of 2018. VIX closed above 40 for the 4th straight […]
Submitted by Taps Coogan on the 12th of March 2020 to The Sounding Line. Enjoy The Sounding Line? Click here to subscribe. The following chart shows the percentage decline of the Dow Jones Industrial Average during every major selloff since 1987. As of the close of markets on March 11th, 2020, the current Coronavirus inspired […]
The worst-case coronavirus scenario is now being realized for German ports, as collapsing trade volumes from China could push Europe’s largest economy into recession. For the last three weeks, global markets have been obsessed with economic paralysis that is quickly spreading across Asia, Europe, and the Americas. An economic shock combined with a virus outbreak […]
On March 3, 2020, I found myself engaged in a twitter thread with Brent Johnson[1] of Santiago Capital after I had inquired into the merits of a particular investment theory which he has been promulgating over the past two years. Johnson calls his theory “The Milkshake”, and it has caused quite the swirl in contrarian […]
Total5 2 3 With the spread of the Global Contagion, the demand for physical precious metals has increased significantly. According to the U.S. Mint’s newest update, another million Silver Eagles were sold over the past two days. This brings to total Silver Eagle sales in March at 2.3 million, more than three times the previous […]