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In the market’s sea of frothing bullishness, someone almost had an epiphany … and then stumbled over a pile of Fed cash and forgot it. 30 Million Unemployed; Tesla Cries Freedom; Microsoft Goes Hard April 30, 2020 by Joseph Hargett Great Stuff On the Turning Away… …from the pale and downtrodden … and the words that they say which we don’t understand. Wall Street almost — almost — became aware of the U.S. economy this morning. Continuing the epic U.S. employment saga, the Labor Department put another brick in the unemployment wall this morning. Some 3.8 million […]
The U.S. economy just shrank for the first time since the financial crisis. There’s a mantra for times like this: The stock market is not the economy. U.S. Shrinkage, Box Office Trolls, Boeing Blows April 29, 2020 by Joseph Hargett Great Stuff Country Jerome and the Fed And it’s a one, two, three … what are we buying for? Don’t ask me, I don’t care a wit; next stop is a bull market. And it’s a five, six, seven … open up the pearly gates. Well there ain’t no time to wonder why, whoopee! Stocks are gonna […]
Nearly every economic indicator points toward a Great Depression-like catastrophe, but the market is on a three-day, hope-inspired winning streak. It’s different this time. 3M’s Mask-on Magic; Pfizer Pfalls; Caterpillar Crawls April 28, 2020 by Joseph Hargett Great Stuff It’s Different This Time It’s the mantra of the hopeful and the rally cry of bullish investors whenever the market takes a turn for the worse. As I scanned headlines in the financial media this morning, the simple truth of these words struck me. Take this morning’s original MarketWatch headline for example: “Stocks rise for […]
The economy sheds 26 million jobs, and Wall Street rallies. No, this isn’t a glitch in the Matrix … no matter how much we wish it was. Economy Grapples; Targeting Apples; New Great Stuff Pick! April 23, 2020 by Joseph Hargett Great Stuff Goodbye Yellow Brick Road When are you gonna come down? When are you going to land? Filings for initial jobless claims jumped by 4.4 million last week, the U.S. Department of Labor reported today … and the market rallied. No, this isn’t déjà vu. This isn’t a glitch in the Matrix … no matter how […]
A lack of storage sent oil prices negative. They’re practically paying you to take oil right now. That’s bad, in case you were wondering. Oil Be Back … With Fake Pork and Coke April 21, 2020 by Joseph Hargett Great Stuff The Reverse Beverly Hillbillies Have you ever wanted to own your own barrel of oil? You know, just for funsies? Well, you are in luck! Due to pandemic lockdowns, plunging demand and a lack of storage space — the price of crude oil plummeted to the low, low price of about $1.25 today. Heck, 10-year-old […]

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