One of the reasons why I believe this bull market of the past year is fragile outside of the Fed's loose monetary policy is the amount of gimmicks I see at play - crypto currencies (where is the inherent value?), NFTs and SPACs to name several. One gimmick category we have yet to cover in … Continue reading AI-Managed Momentum ETFs
Hopefully prospective SEC Chairman Gary Gensler will work to rein in the frothy activity that has occurred in the capital markets over the past decade. These range from slap on the wrist fines (large banks in particular), which amount to nothing more than a Cost of Goods Sold charge, to SPACs to more recently social … Continue reading The Social Media-Enabled Pump and Dump
The retail trading crowd views Elon Musk as a populist hero. The reality is Musk is a carnival barker and borderline fraudster in the vein of WeWork founder Adam Neumann. Mr. Musk got off easy under lax former SEC Chairman Jay Clayton. Recall in August 2018 when Musk posted on Twitter that he had secured … Continue reading Elon Musk Is A Carnival Barker At Best, A Criminal At Worst
During an equity market bubble 13-year old children are as smart or smarter than experienced stock pickers. Who needs to assess valuation, industry trends, the competitive landscape and management teams when stocks only go up? Heck, reddit chat room WallStreetBets ("WSB"), tells investors everything they need to know (said with sarcasm). Plus, Elon Musk Tweeted … Continue reading Everyone Is A Stock-Picking Genius During A Bubble. Where Is The SEC?