Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd eunderestimated the. I heard that the underwriters were t
When these companies were able to move their production offshore so you saw the ending of a number of Steel Companies the shifting of manufacturing to the global south where the wages were lower where the environmental rules were not either existed or enforced and thats the beginning of this concept of these transnationals they have the technology to do it they had the Transportation Systems to do it and frankly governments werent stopping them. And i remember one day i was i was working on the boss come up to me and says thats where were going home. I thought were going home early why because were close to very close. I dont know what to say. Because its a crying shame really is. I was a long time or a democrat but this last election before it came along i switched parties i switched parties on the republican now and. I think mr trump is doing a great job for us i think hes trying youre going to help the country you work for and i think you try to do that really does. That. Kind of do
The clicks and moves for the c. E. O. Thing is the deflection board is comfortable saying. That is going to be better than i got up to many observers. That he and others are going to going to hear a lot about that on the morning. That you can bank on that nothing like a. Long long while the name you know is along the bottom theres a bonus which alone can shrink a lot older. Than do a new person and theyve done a move 100. 00 gandhi a new normal im going to run the phrase christ be ready to go to you then well mark you then damon join you. This is that one business show you cant afford in. Washington coming up the 1st phase 3 trial hold it 19 vaccine and underway in the United States we have an expert panel ready to what that the economy and the millions of dollars invested in the journal. In the United States the closure of the consulate is adding to the uncertainty of the cradle it. Shows today lets go and dive right in. The largest trial for a potential kogan 1000 vaccine began on mo
A passing fad and theres always a return to gold the thing is that when you have money printers in charge the act of printing all that paper money to hang around guys themselves really fills their head with dreams of its fear of primacy thats the ultimate form of supremacy is i print therefore i am in if you can pull the levers of political power with your fear of money if you can acquire assets with your fear of money that gives you that god complex that we have so much of a around the world and countries and big corporations and now its all going to come crashing down silver prices on one day in the past week it went up 13 percent so silver is back its pass through its long term resistance for the past 6 years 20 dollars and about 0. 50 has been a resistance it could not punch above that but it punched through that heading past 23. 00 it was like soaring and therefore the bull market is finally back on the confirming the gold bull market as well which never really you know hung out a