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Wall Street shrugs as the U.S. economy goes from the lowest unemployment rate in 50 years to the worst in 50 years … in less than two months. Who Needs Jobs?; Uber Eats $3 Billion Loss; Roku’s Still Boss May 8, 2020 by Joseph Hargett Great Stuff Friday Four Play: The ¯\_(ツ)_/¯ Edition It’s official. The U.S. economy is in tatters … and Wall Street doesn’t seem to mind. According to the Labor Department, the U.S. lost a record 20.5 million jobs in April. That’s roughly 25 times more lost jobs than in the worst month of the 2008 financial crisis. Furthermore, […]
As jobless claims continue to soar, Wall Street’s sliver lining is “at least they aren’t soaring more.” Jobs on the Line; Peloton’s Doing Fine May 7, 2020 by Joseph Hargett Great Stuff Wall Street’s Breaking Bad This must be Thursday. I never could get the hang of Thursdays. — Arthur Dent, The Hitchhiker’s Guide to the Galaxy. Indeed, it is Thursday, dear reader. And you know what that means … weekly unemployment claims and a market rally. (More optimistically, it’s also Reader Feedback day! Read on…) The […]
Your Next Move: Ride This Company’s 25% Surge May 7, 2020 by Brian Christopher 2020 Financial Crisis, Investment Opportunities, Winning Investor Daily There’s one company that many people who are making a move think about. Its business is growing in all 50 states, as well as in 10 Canadian provinces.
Trillions, unlimited stimulus, 20.2 million unemployed … unprecedented numbers, all. It’s no wonder Wall Street is vapor locked and rallying on bad news. Jobs Data Vapor Lock; Shopify Shocks; Gamers Game Amok May 6, 2020 by Joseph Hargett Great Stuff The Market Gods Are Crazy Any Great Stuff readers home-schooling kids right now? It’s quite the experience, let me tell you. New math? Pshaw … I’ve done things with fractions and limits in the past week that would turn you white. Yes, Mr. Great Stuff, we get it. Math is hard. But what about the […]
April’s buying was narrow. Investors focused on high-risk, overvalued tech stocks. That’s bearish. This Tech Bubble Is About to Burst May 6, 2020 by Michael Carr 2020 Financial Crisis, Technology, Winning Investor Daily April’s buying was narrow. Investors focused on high-risk, overvalued tech stocks. That’s bearish.

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