BMF Riff Show lots of closes, LAZR 01.09.2023
https://vimeo.com/787630835
Is A Soft Landing In The Cards?
Yo, Pit Crazies, In the old days, before the Federal Reserve became the great enabler, good news was good news. For example, jobs were a good thing that promoted economic growth. As of Friday, employers were still hiring. My thesis post-Covid trade has been since the government tossed everyone out of work, businesses are now […]
BMF Show LAC UBER MRO 01.06.2023
Apple Looks At A Year Low
Yo, Pit Crazies, Every market has its hero and when they fall it is sad. There are a lot of tweets and so forth comparing this market to the financial crisis of 2008, but I think the dot.com boom is more appropriate. Big Tech made a ton of money for a short period of time […]
BMF Riff WB 01.05.2023
BMF Show 01.04.2023 MRO UBER
The Law of Even Numbers Hits Tesla and Apple
Yo, Pit Crazies, Recently, I am reminded of a quote by Howard Lindzon, co-founder of Stocktwits, “All stocks become sad.” This was 10 years ago when Research in Motion (Ticker: RIMM), the unassailable titan of Blackberry phones, was on a march from $89 to $12. Sales evaporated when upstart Apple Inc. (Ticker: AAPL) invented the […]
BMF Show HNY! MLCO 01.03.2023
2023 Will Be Nothing Like 2022
Yo, Pit Crazies, One of the great reasons Mark and I are proponents of being conditional trader is that markets change, years change and trends change. Stocks are fashionable one year and not the next. A big theme in 2022 was multiple compression. Stocks that got a big boost in their earnings multiples came to […]
Another 2% Rally to End the Year
Yo Pit Crazies, 2022 was the year of the snap rally. That, sadly, is a sign of bear markets. And this was a bear market year by my calculations, with the SPX down near 20%. One of the themes for 2023 will be the income trade. You see, unless the current arc of Big Policy […]