1/ Lessons From The Tech Bubble:
Last year, I spent my winter holiday reading hundreds of pages of equity research from the 1999/2000 era, to try to understand what it was like investing during the bubble
A few people recently asked me for my takeaways. Here they are -
It only took 3 weeks for $SPX to erase its year-to-date gains. Its coming to support in the 2640-2610 region on my chart, on the most oversold weekly RSI since the Oct 2011 low. This is major uptrend support from Feb and its unlikely this area fails without a good bounce first
It only took 3 weeks for $SPX to erase its year-to-date gains. Its coming to support in the 2640-2610 region on my chart, on the most oversold weekly RSI since the Oct 2011 low. This is major uptrend support from Feb and its unlikely this area fails without a good bounce first
President Trump says the US wants to prevent Iran from getting nuclear weapons and says the country is the number one facilitator of terrorism. I think it's clear where he is going
Who are the global top 1%?
"The threshold for an individual to enter the global top 1% in 2012
is an annual income of about PPP $50,600 per capita"
About 37% of those people live in the U.S., and about 4.6% in China.
lse.ac.uk/International-… by Sudhir Anand & @pdsegal
They said he couldn’t play football without a hand. He played. They said he couldn’t play big time college football. He did. They said he probably shouldn’t be invited to the combine. He was. Shaquem Griffin just ran the fastest 40 for a linebacker in 15 years.
$SPX Ran into resistance of its large channel from 2016, on declining volume, and put in a bearish shooting star candle. SPX has been inversely correlated to $USD and if the USD bounce Friday is part of a base (my guess) or start of a rally, SPX is well setup to sell off $DXY
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