MAYBE VALUATIONS DO MATTER

The raging bulls were so sure of themselves a few months ago. Valuation measures were for suckers. This time was different. It’s the new Obama economy. Profits are so old school. I suddenly sense a little panic amongst the big swinging dick Wall Street traders. Not too much scorn and laughter being directed towards John Hussman lately.

I wonder if the brainless twits and shills on CNBC will be telling their audience that the S&P 500 is now lower than it was in May 2014. That’s right. Anyone in the stock market over the last 20 months hasn’t gained a penny. The S&P 500 is now down 11% from its all-time high in May 2015. Only 40% or 50% more to go to reach fair value.

Remember the can’t miss hot stocks being touted by Wall Street and their CNBC mouthpieces? The IPOs were being rolled out like crazy in 2015 and the stocks would soar to heights not seen since the good old Dotcom bubble. Let’s take a look at those fantastic can’t miss opportunities of a lifetime:

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GO LOW

GoPro was another one of those over-hyped high flying stocks pushed on the muppets by the Wall Street IPO machine in July, 2014. It went public at $24 per share and proceeded to jump 103% in the first four trading days. It peaked at $87 per share by October, up 362% in three months. This morning it is selling for $16.80 per share as the muppets have been slaughtered again. No worries. The Wall Street killing machine reaped millions in fees and profits, before dumping it on the ignorant masses.

Actual picture of a GoPro investor after the 80% plunge in price.