Sunday, February 5, 2017

Rule #1: Don't Get High Off Your Own Supply

TOO LATE

The stoner index was up 7% this week. So this all makes perfect sense now...



The week ended January 27 was "the top performing week thus far, and the seventh straight week of gains,". As of January 27, the Cannabis Stock Index had gained 21.9 percent year-to-date, following a spike of 7.3 percent in the fourth week of 2017.

The Stoner index is outperforming the S&P by 20% in 2017:



These are the stocks that are leading the market...

They are a tad "speculative", having revenue lower than a hot dog stand...












Big pharma can't compete



Biotech
One peak, two peak, three peak. Crash...



In other words, another generation of gamblers has been fully monetized, as Ameritrade warned last week...



The election was a dividing line for trading activity. The company reported that daily average revenue trades (DARTs) jumped to 514,000 in the days after the election, up from 451,000 before. The results marked the best-ever December quarter for trading volume for TD Ameritrade




Cashing in on collapse. Yes again...






"When you see flipping reach ten-year highs, economists like us start to worry a little bit."

"We think it's a little bit different this time"

They were using 0% instead of 1%, so no one saw it coming again...



December:
"Take a hit"



January
"Take another hit"





"Fuck regulations, we've never protected client interests before, why start now?"