Four Reasons Wall Street is Wrong on Inflation howestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from howestreet.com Daily Mail and Mail on Sunday newspapers.
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“When all the experts and forecasts agree something else is going to happen.” ~ Bob Farrell, Wall Street veteran
“Sell the front page news and buy the back page news on the way to the front page.” ~ Don Coxe, veteran investor
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Try refreshing your browser, or David Rosenberg: Why investors shouldn t believe the Roaring Twenties hype Back to video
Can you believe that we now have three magazine covers The Economist, Bloomberg Businessweek and MoneyWeek talking about the Roaring Twenties? I don’t think in my entire career that I have seen a fairy tale like this emerge as a given by Wall Street seers and the mainstream media.
David Rosenberg: Why investors shouldn t believe the Roaring Twenties hype windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.
Stimulus nerves sweep markets
Equity markets drop over stimulus rumblings
If financial markets needed any further confirmation that the US fiscal stimulus was the only game in town, the buy-everything herd received it overnight. Senate Republicans expressed disquiet over the size of the proposed USD1.9 trillion bill. That dose of reality was enough to knock equities off their intraday highs, bond yields to fall and send investors scampering back into US dollars.
Admittedly, the news came as equity markets had become extended in the shorter horizon, with the buy everything trade in full cry. Yesterday in Hong Kong, Chinese mainland retail buyers continued their tech-buying frenzy, sending Tencent to a near USD1 trillion valuation. There was some gob-smacking price action in the options market as well. With Asian markets set to retreat this morning, the reaction in Hong Kong could be outsized.
January 15, 2021 | Speculative Blank Check Companies Create Billions of Paper Profits
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
A $12.5 million investment in clean energy earned an “accidental” profit of $200 million from a blank-check company. Here is how that works.
Blank-check companies SPACs or Special Purpose Acquisition Companies are proliferating, a strong signal that this market has gone wild.
Blank-check vehicles are shell companies used to take a private company public while bypassing the normal requirements for a stock market listing. Along the way many people gain substantial riches, sometimes without taking any risk.
Even institutional investors, like AIMCO and the Health Care of Ontario Pension Plan, are getting involved in this hot market. One of the largest funds to participate is Saudi Arabia’s $300 billion Public Investment Fund.