Down goes the Dow

This is from a year ago! Epic bad call. Tesla got up to $488. Was $162 time of tweet. $240 now.

GURGAVIN
@gurgavin
WELLS FARGO IS NOW TELLING INVESTORS TO SELL TESLA SHARES
WELLS FARGO ALSO JUST CUT ITS TESLA PRICE TARGET TO $125 FROM $200
WELLS FARGO SAYS TESLA SHARES CAN GO AS LOW AS $44 OVER THE NEXT 12 MONTHS IF THINGS GETS WORSE FOR TESLA
$TSLA
Last edited
7:21 AM · Mar 13, 2024
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1M
Views

N= only 3 but this worked as a predictor of stock price declines.

https://x.com/jasongoepfert/status/1866852853664412048

Okay, but it's more like a chip shot than a drive.

absolutely we should make every former ally loathe us, because Igy doesn't like the personal gender behavior of the chief of staff of the providence, RI city council.

I mean let's go and annex canada, greenland and the panama canal and suspend 1A rights for students and harass universities. That nonbinary chief of staff in RI makes the choice unavoidable I'm afraid. Alea iacta est.

Fire bombing Teslas doesn’t appear to be a wise choice for “civil disobedience.”

Say, you're right! Well I reckon we ain't got no alternative.

So will Trump first tell his buddies to short the market and then tweet we’ll have 500% tariffs on German autos unless they buy more Ford Mustangs? Is that the game we’re playing here?

No, this is the game:

Igy keep it to economics, wouldja?

Not a bad call...REITs up 10% since the tweet. but that's just matching the SP500 so no big deal.

Barchart
@Barchart
Real Estate has bottomed and now is the time to buy says Blackstone

8:58 PM · Mar 14, 2024
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60.8K
Views

Interesting article in today's NY Times about money moving out of the US stock market and into overseas markets, driven by a distrust for Trump's policies. And this after years of US Markets attracting large interest from foreign investors.

nytimes.com

Trump’s Moves Are Boosting Stocks … Overseas

By Joe Rennison

For years, the S&P 500 soared above the stock indexes of other countries. But since Trump’s inauguration, it has fallen 6 percent and is now trailing major markets in Europe and China.

Open link

Reminds me of this old joke.

A stockbroker was cold calling about a penny stock and found a taker. "I
think this one will really move," said the broker. "It's only $1 a
share."
"Buy me 1,000 shares," said the client.
The next day the stock was at $2. The client called the broker and said, "You were right. Give me 5,000 more shares."
The next day the client looked in the paper and the stock was at $4.
The client ran to the phone and called the broker, "Get me 10,000 more shares."
"Great!" said the broker.
The next day the client looked in the paper and the stock was at $9.
Seeing what a great profit he had in just a few days, the client ran to the phone and told the broker, "Sell all my shares!"
The broker asked, "To who? You were the only one buying that stock."

It seems I can post with Firefox again!

Interesting that Natural Gas (UNG) is the top performing major unlevered ETF year to date. Slightly ahead of Gold Miners. I seem to recall Maser investing in Gold Miners.

Why doesn’t he go to Gaza and experience the tolerance of the religion of peace?