Because there are lots of investors, but not enough consumers. People with money do not need any more stuff so they invest. People who need stuff don't have enough money. Get it?
MaxwellConser Could be some good short targets
Let's party like it's 1999!
Oh dear, there’s an exorbitant amount of sorrow in the future.
If we don't make money letting it sit, we tend to make it fly.
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Shares in pot stocks Tilray, New Age Beverages extend selloff; Alefia Health shares soar againNew Age Beverages shares tumble on heavy volume, as they extend their pullback from record highs, while Tilray’s stock heads for a third straight selloff, as investors continued to adjust their cannabis positions ahead of Canada’s full-legalization next month.
Source: MarketWatch - 🏆 3. / 97 Read more »
Europe Is Left in the Dust as U.S. Stocks RoarWhile U.S. and Japanese shares raced ahead during the third quarter, Europe’s shares were left behind as investors weighed fractious politics and trade concerns. Well, Islam does not permit profit. 👀 We might not be winning the RyderCup, but at least we’re doing something right.
Source: WSJ - 🏆 98. / 63 Read more »
Warren Buffett's Berkshire Hathaway's stock surges after earnings, first buybacks in 6 yearsShares of Warren Buffett's Berkshire Hathaway Inc. (Class B) surged 2.6% in premarket trade Monday, after the company revealed over the weekend better-than-expected third-quarter earnings and that it bought back stock for the first time in six years. The company disclosed it bought back $928 million worth of Class A and Class B shares during the quarter. The last time the company repurchased shares was December 2012, when it paid about $1.3 billion to buy back it's stock, including $1.24 billion to buy 9,475 Class A shares at an average price of $131,065.62 and $53.8 million to buy 606,499 Class B shares at $88.76. Through Friday's closing prices, the Class A shares have gained 135% and the Class B shares have rallied 133%. In comparison, the Dow Jones Industrial Average has gained 93% since the end of 2012 through Friday. Separately, the company reported third-quarter net earnings of $18.54 billion, or $7.52 per Class B share, compared with $4.07 billion, or $1.65 a share in the same period a year ago, boosted by equity security investment gains of about $11.4 billion included as a result of changes in accounting rules. Given the overweight position of $AAPL, I think the path ahead may be fraught with difficulty . Dang...it feels good to be a crony Thanks to Donald Trump.
Source: MarketWatch - 🏆 3. / 97 Read more »