Gohmert's suggestion that Americans should violently demonstrate against the Court decision that disallows Pence to overturn Biden's victory is skating outside the rink of our Democracy. Trump and others like Cruz have launched a campaign of confusion and lies that actually
have a reasonably large % of America believe the Prez vote was fraudulent. This is an effort to create additional flash points - taking a malicious lie that started day one after the Election in an attempt to declare power for themselves at the expense of US citizens. Gohmert's
appeal to domestic terrorists and disaffected wannabes should be immediately called out by Congressional Republicans or else they will all have blood on their hands. Incidentally , this is the same Gohmert who said you can get Covid from wearing a mask!
On @realmoney
The Bitcoinization of Precious Metals?
Surprise #7 A Decline in the U.S. Dollar Spurs an Advance In Gold (to $3,000/oz) and a Ramp of +50% in Bitcoin (to $40,000) - But Silver Is The Big Winner As It Doubles to Over $50/oz - Over easy policy, excessive liquidity,
higher inflation and a rapid rollout in the Covid-19 vaccine powers the prices of cryptocurrencies and precious metals higher. Silver, however, is the league leader as the rapidly rising demand for silver in industrial applications creates a supply crunch late in the year.
Another challenge on the supply side for silver is that more than half of mined silver supply is a by-product of zinc, lead and copper mining, making it tough for miners to meet the surging excess proportional demand for silver. Precious metals and crypto currency prices peak in
@realmoney
A Happy New Year
* Maybe in 2021 you'll find direction around some corner in my Diary on @realmoney where it's been waiting to meet you
* Its such a long time to be gone and a short time to be here
Next week I will begin my 24th year
writing for RealMoneyPro and its predecessors. That is tens of millions of words - probably almost 100 million words according to my estimates!
I have tried and will continue to attempt to deliver non-consensus and hard-hitting analysis and thoughtful views that are based on
the assessment of fundamentals and data v. price.
I try to wrap the delivery of my Diary in colorful paper - fun references to pop culture, metaphors and music - in order to get away from the dry communications seen too often from Wall Street and "talking heads" to make my read
@horncapital Surprise #11 Broad Regulatory Actions Against Big Tech Results In A More Rapid Pivot From Growth to Value - FANG Becomes GATFAT! Anti-trust actions against Facebook, Google and Amazon become a genuine worry. In response to Derek Chauvin (en.wikipedia.org/wiki/Derek_Cha…
) being acquitted in the George Floyd case, rioting ensues and the social media platforms are blamed for fanning the literal flames as Minneapolis is all but burned to the ground. The Rule 230 exemption (en.wikipedia.org/wiki/Section_2…) is repealed. Meanwhile Europe begins imposing
punitive taxes on US internet giants. Finally, China retaliates to Biden continuing Trumps policy of going after Chinese companies with its own claims about Apple (illegal monopoly) and Tesla (unsafe cars). Google, Apple, Twitter, Facebook, Amazon and Tesla get redubbed GATFAT
Coming up on @realmoney
My 15 Surprises for 2021
* In 2020 (despite broad February-March weakness) equities rose faster, valuations expanded far greater and interest rates fell sharper than the consensus expected
* 2021 could be a year in which the S&P Index shows little
movement in the first half of the year - but market pressures might mount over the last six months of 2021
* The S&P could end the year at levels -15% below 2020 year-end prices and far below that of the consensus (+8%) under the weight of higher inflation and interest rates in
the second half of the year
* With the "bond vigilantes" coming out of a multi-decade hibernation, 2021 might bring on a compression in price earnings ratios following the reset higher in multiples over the last nine months of 2020
* Next year might mark the return of political
As she asked the U.S. Supreme Court this month to overturn President Trump’s election loss, the attorney Sidney Powell cited testimony from a
secret witness presented as a former intelligence contractor with insights on a foreign conspiracy to subvert democracy.
Powell told courts that the witness is an expert who could show that overseas corporations helped shift votes to President-elect Joe Biden. The witness’s
identity must be concealed from the public, Powell has said, to protect her “reputation, professional career and personal safety.”
The Washington Post identified the witness by determining that portions of her affidavit match, sometimes verbatim, a blog post that the pro-Trump
Dec 21, 2020 | 08:20 AM EST DOUG KASS
I Can't Recall When My Bearish Market Outlook Was So Far From the Bullish and Confident Consensus
* In late November I cautioned about the possibility that Covid-19 mutates - the evidence is now that it has
* Risk happens fast
* Today's investors are greedy (speculation has run amok) when they should be fearful
* Not since I was uber bullish in both March 2020 and December 2018 and market participants were fearful and Bearish, have I been so far from the market's consensus
* "The Tesla Top?"
* I even reduced my money center bank exposure for the first time in a long while on the "repurchase" gap after the close on Friday
* As many of my long positions have reached and exceeded my targets I have materially sold down my long book in recent weeks