report, the nasdaq is in a correction, it s down more than 10% from its recent high. the s&p is down more than 8% from its record. the dow down 6.6%. look, periodic corrections, they are normal and they are healthy. stocks can t go up forever. but there s something that s more ominous people are talking about. the so-called super bubble. there s a hedge fund manager warning of extreme overvaluation with stocks, he says, headed for a big reset. so inflated it s spawning these dodgey crypto currencies and crcra si meme stocks. that s a sign of a super bubble. he cited two other examples, 1929, what happened then? the market fell and led to the great depression and 2000 when the dot com bubble burst. there s no crystal ball and there s no question 2022 is rife with tensions. corporate earnings have been so good they re bound to be more mixed. inflation running the hottest in decades. fighting inflation, higher rest rates from federal reserve and eat into corporate profits and
times. . 500 times! that s a lot of fifths. . which the judge said eric did it, so why can t you. they said it s embarrassing. the judge said who cares? what have we learned of the focus of the investigation? we got insights from this briefing about where the a.g. is looking. they are looking at the overvaluation or under valuation of assets. james said in one of her briefs, she had significant additional evidence indicating the trump organization used fraudulent or misleading asset valuations, that is key, to obtain a host of mcbenefits. insurance benefits, tax benefits and other financial benefits. what was really interesting to me the judge yesterday in his ruling, right here, that word, copious evidence of possible financial fraud. copious. it means a lot of evidence. to hear that from a judge is a very interesting thing. also, we got this fascinating letter from the long-time financial account for the trump
An acceleration of home prices and ongoing overvaluation "has created a high degree of vulnerability in Canada s housing market," says the latest Housing Market Assessment released by Canada Mortgage and
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The U.S Securities and Exchange Commission has launched an investigation into Exxon Mobil Corp. after a whistle-blower complaint that the oil major overvalued a key asset in Texas’ Permian Basin, the Wall Street Journal reported on Friday.
Exxon chief executive Darren Woods has pinned much of the company’s growth prospects on the Permian Basin in Texas and New Mexico, and two years ago pitted the company against rival Chevron Corp in a race to reach one million barrels of oil and gas a day in the field. The Exxon target grabbed the spotlight on the day Chevron was meeting with investors and analysts to make its own Permian case.
wall street did not like the fact that they did this and i think when they did go do the 4th increase rate, what it showed was the lack of trust, what the fed had for the economy coming next year and that s what pushed investors and wall street to go, well, this is more than just keeping it on auto pilot and this caused the nervousness that the fed had to step in and not provide reassurance that everything was going to be okay. again, when companies start to look at their profits, they ll be tightening a little bit, investors start looking at the stock market and overvaluation on a lot of these companies. and the government shutdown doesn t help either. talking about the fed and it s decision, the fed chairman jerome powell, apparently this move angered president trump. bloomberg is reporting that he wants him out.