In Defense Of Elon Musk
On any given day, Elon Musk might be the hero or the villain. Call it the duality of Musk – part of the reason he confounds both supporters and critics alike with achievements that amaze and comments that appall. –…
On any given day, Elon Musk might be the hero or the villain. Call it the duality of Musk – part of the reason he confounds both supporters and critics alike with achievements that amaze and comments that appall. –…
For most of my professional investment career beginning in 2007, I’ve been a gold bull. Having studied the work of the great Austrian economist Ludwig von Mises in college, I early understood the fundamental role monetary policy plays in the…
Yesterday, in a presentation to investors, Dubravko Lokas-Bujas, JP Morgan’s Chief Global Equity Strategist, called for an “out of the blue” stock market crash to finish 2024 at 4200 – about 20% below current levels. The reason he gave is…
When I was a young man, the country singer Tim McGraw had a song called “The Next 30 Years” in which he articulated the lessons he learned during his first 30 years and how he’d make the next 30 better….
It’s getting harder and harder to make a bearish technical case against stocks. For a while, the argument was that the Magnificent 7 – with their huge size – were carrying the market higher and masking a lot of weakness…
On Tuesday, I played Day 1B of the $5200 Rising Star at my home casino Bay 101 in San Jose, CA that I satellited into last Thursday. I bagged 135,500 chips – good for a tie for 39th of the…
Three months ago I wrote about the evolution of modern poker with a focus on tournament superstar Chance Kornuth (“From Harrington On Hold ‘Em To Chipleader Coaching: The Evolution Of Modern Poker”, December 23, 2023). The general point was that…
Interest rates matter. A lot. Depending on their level, interest rates can stimulate or restrict economic growth. The level of interest rates is also crucial in the valuation of financial assets. Currently there is a lot of disagreement about where…
The bulls are winning the fight. A correction is three to six months [away]. There’s so much fear of missing out – Adam Parker, Trivariate Research, quoted in Barron’s The Trader column 3/23 [SUBSCRIPTION REQUIRED] There’s really no way around…
Wednesday at 2pm EST the Fed released its policy statement explaining its March rate decision and forward outlook. At 2:30pm EST Chair Powell held a press conference. In the wake of the Fed’s maintaining its outlook for three interest rate…