Thursday, December 15, 2016

The Yield That Breaks the Trump Rally’s Back

The Yield That Breaks the Trump Rally’s Back | Kitco News

Monday, September 26, 2016

Before and after



....Fed action last week.  Notice drop in vols.....

Friday, June 24, 2016

Re Brexit

...the pundits underestimated the immigration sentiment.....the Bremains all got it wrong.....

Saturday, January 2, 2016

Is a 985 PE "too high"? David Stockman thinks so

The Next Big Short——Jeff Bezos’ Brobdingnagian Bubble | David Stockman's Contra Corner

Indeed, Amazon’s $325 billion valuation is just plain irrational exuberance having one last fling. Spasms like this year $180 billion gain (125%) on the AMZN ticker or the $190 billion gain (55%) on the GOOG account are absolutely reminiscent of the final days before the tech wreck exactly 15 years ago.

In a recent post I demonstrated how the 12 Big Cap Techs of 2000—-led by Microsoft, Intel, Dell and Cisco——-saw their combined valuation soar from $900 billion to $3.8 trillion in the 48 months leading up to the March 2000 peak; and that they then plunged to just $875 billion a decade later.