Yeah, I never heard of them either. But they are worth 14/100 of a trillion dollars.

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Yeah, I never heard of them either. But they are worth 14/100 of a trillion dollars.
Below are some major stocks announcing earnings either after the close (the first two) or before tomorrow’s open (the rest of them, all of them boring as looking at another family’s vacation pictures). I’d say IBM and UAL are most intriguing.
Well, my friends, we’ve got some red on the screen this morning, but we’ve all learned by now how meaningless that really is. I mean, one glance at the ES shows not just a steady ascent higher since the throbbing election, but in particular, a bottle-rocket ascent lately which is so perfectly controlled and planned and a straight arrow virtually covers every single pixel. They’re not even trying to hide it anymore.
Looks like the weekend wipe-out in crypto is affecting assets in general. It’ll be interesting to see if it sticks or not.
Although opinions are diverse here, I think we can collectively agree that the broad stock market (represented below by the Wilshire 2500) is, shall we say, elevated. As in: never been higher. As in: not a bargain. As in: insanely overpriced. Seriously. Nosebleed territory.