"I alone possess the ability to transform big, fat, ugly bubbles into never-ending bull markets, simply through the power of non-stop bullshit. It's what I do. It takes no effort"
As I just showed, the leading market today is not Tech despite the largest merger in Tech history. The leading market is Energy, because SaudiPlosion is "bullish". What else could it be?
Last week OPEC committed to bullshitting for another year. No one has figured out that the cartel are all price takers. Global deflation controls the market.
Two year overbought:
Since 2008, crude oil has tracked U.S. deflation 1:1. Deflation is imputed from the TIP/Treasury ratio:
"We're going to make fracking great again"
Keep it up, you're almost there...
Recall, there were three failed IPOs late last week. Which is why there are even more this week. Whatever casino bid we see his week is strictly about Wall street dumping junk...
“IPOs have been well received, and investors are making money...
The pushback last week against toy and consumer products company Funko is a positive"
"The stock ended its first day of trading down 41%"
"That’s good because it means investors when they are not in on the IPO and have to buy shares later are getting better returns"
I can't argue with that logic. If it opened at $0, any new investors would have infinite returns.
"[Funko] is in the same dubious company as eChapman.com, a financial services company from yesteryear. On June 19, 2000, eChapman.com priced its IPO of 1.7 million shares at $13 each. It closed its opening day at $7.375, down 43.3 percent from its IPO price"
"The reason our stock market is so successful is because of me. I’ve always been great with money"