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GE had overly-inflated numbers. Basically, Jack Welch, the most over-paid CEO (ok, so maybe that of Enron was worse)... but Welch did receive the largest severance pay ever when he left. What did he leave? A zombie company that was left as a huge mess for the next CEO in line to clean up...

WATER MESS Germany turns off hot water and heating in city after Russia gas ban sends prices spiralling https://www.thesun.co.uk/news/19352078/germany-hanover-no-heating-lighting-hanover-russia-gas/

LOL, I remember watching this clip ages ago and it always cracks me up when he says 'Bit-fuck'. Looks like he made the WRONG call though, it's actually ABOVE his quoted value of 19K, despite the massive crash. Pena may want to keep this vid in the closet going forward... That said, IIRC he is...

That is because, the market EXPECTED, and hence PRICED-IN even better earnings. And since the corp failed to meet the expectation, this was actually negative news, and hence the price naturally drops to correct this.

I don't think you can compare NetFlix, a company broken by the CEO who thought it wise to go Woke & Broke by jumping on the 'whatever crazy is trending' bandwagon routine... There is a catastrophic difference between missing earnings by a single penny, and losing over a million subscribers in a...

Finished another magazine this afternoon, and picked up THIS book which I won't be able to get to until later next month:

Things are pretty damn bad in Germany right now. Lights shut off early in the day, kinda like what England did in WW2. Water heaters are also being shut off all over the country, prohibition of showers, etc. Who woulda thought this is what ESG & woke-societies were going to come to? Well, I did...

Studies have shown that there is a persistent bias where the market over-reacts to misses, even the most minute ones. This is why a lot of experienced traders/investors try to arbitrage the opportunities before the market re-evaluates.

LOL @ the difference in those PE ratios. I'll be curious to see how terrible sales get as we head deeper into the recession. All those boomers who just retired and were planning to spend, now realize they don't have the purchasing-power they thought anymore and are already in poverty. I'm sure...

Well, for what it's worth I finished reading my first ever edition of 'The Economist'. June 25th-July 1st edition. I just realized last night this magazine is issued weekly. That's a first for me. There is a lot of truth to the fact there is a lot of political garbage in here, especially...

No sympathy for those idiot-millenials who kept shoving everything into stupid shit like 'Safe-Moon', Safe-Mars, and Safe-insert-keyword-here. Even when I gave all the reasons for why what happened (was to happen), I got butchered up by the perma-bulls just like some of the perma-bears you see...

Unfortunately, the majority of citizens now need to suffer through more regulation in order to protect the village-idiot(s) from themselves. Nothing new...

Mine is amazing. So now we have a bit of a paradox, as today I went LONG on 400 more shares of ETHX.b <--- best Ethereum spot ETF with the lowest MER in the world hands-down. Assuming BTC doesn't de-couple too much from ETH, then you could be OK for the long-term. But, I can't make any promises...

Don't worry. I'm sure the Fed and the rest of the government knows exactly what they are doing. They've been ahead of the markets every step of the way in this...

https://www.zerohedge.com/crypto/why-bitcoin-cds-fed

https://www.zerohedge.com/markets/dems-set-push-bill-ban-congress-trading-stock

Stop listening to Cramer.

Well... this video didn't age well.

European countries like Italy are in a far, far worse and desperate situation than Russia. And part of that is due to democratic politicians making a bigger problem and then kicking the can down the road, KNOWING CLEAR WELL what they are doing is unsustainable. I'm more worried at this point of...

The fun part about Coinbase... the CEO can't rely on the 'Too big to fail player-card.' Not YET anyway...