This is getting beyond silly. It’s hard for me to believe that it’s psychologically possible for anyone to still be short this. I am speaking, of course, of Tesla, whose market cap is approaching $300 billion.
That Pungent Musk
The Season of Gold
As I was glancing at posts this morning, I stumbled across this comment over on ZH:
Hmmm! I had never heard of that! So July 5th to October 8th is some kind of sweet spot for gold, eh?
It occurred to me that instead of taking this oh-so-specific anecdote as Gospel, I actually might want to use our own Time Perspective in SlopeCharts to check it out. So here’s what I found:
(more…)A Football Pool For Stocks
Abusement Park
All the world’s atwitter about Disneyworld reopening. I have fond memories of the place as a kid, but good Lord, looking at the treacle-sweet promotions that Disney is cranking out, seeing every single employee wrapped in a face mask is off-putting. Below is a promotional video Disney put together to show what a swell time everyone was going to have, but some earnest chap overdubbed it with the truth.
GSE Developments
Three major GSE developments over the last 10 days will greatly impact the future of Fannie Mae and Freddie Mac. Dick Bove of Odeon Capital outlined the three GSE developments in a recent note.
The biggest GSE development is the Seila Law case, although the ruling was directly aimed at the Consumer Finance Protection Bureau. The Supreme Court ruled that although the CFPB might be legal, the position of its director is not.
Bove explained that the Supreme Court justices believe the Constitution should be interpreted as it is written and amended and that the laws of Congress should be followed as written. He also said that they fear bureaucrats aren’t following the Constitution and the laws passed by Congress.
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