@realmoney
Most should not be short stocks.
I have made a living shorting stocks - but it takes a lot of conviction, research and patience.
The same observers who questioned my sanity when I went all in long in March, 2020, are confident in their extreme optimism today and
Most should not be short stocks.
I have made a living shorting stocks - but it takes a lot of conviction, research and patience.
The same observers who questioned my sanity when I went all in long in March, 2020, are confident in their extreme optimism today and
critical of my all-in short call now.
Based on the historical and traditional metrics that have survived a century of investing (in my chart in "Sell Stocks Now") , stocks are as overbought and overvalued as in any point in the last ten years. Speculation is rhyming with past
Based on the historical and traditional metrics that have survived a century of investing (in my chart in "Sell Stocks Now") , stocks are as overbought and overvalued as in any point in the last ten years. Speculation is rhyming with past
tops.
In my career I have rarely seen such a favorable reward v risk ratio to the downside as I see today - for reasons mentioned previously.
The reversal of opinion and the thriving bullish "Group Stink" consensus reminds me of a phrase I like to mention - "price has a way of
In my career I have rarely seen such a favorable reward v risk ratio to the downside as I see today - for reasons mentioned previously.
The reversal of opinion and the thriving bullish "Group Stink" consensus reminds me of a phrase I like to mention - "price has a way of
changing sentiment." (h/t @hmeisler)
As I mentioned yesterday only four months after Citi's Chuck Prince "the music is still playing and we are still dancing" quote in the Summer of 2007, the banks was technically insolvent. My friends, inside and part of mgt of C had no idea.
As I mentioned yesterday only four months after Citi's Chuck Prince "the music is still playing and we are still dancing" quote in the Summer of 2007, the banks was technically insolvent. My friends, inside and part of mgt of C had no idea.
I was short $C in 2007-08 and made about 95% on that short.
Opinions are like asshole, everyone has one.
Including me. Enjoy the rest of the week. @jimcramer @tomkeene @SquawkCNBC @andrewrsorkin @riskreversal @ScottWapnerCNBC @lizclaman @guyadami @joeterranova @saraeisen
Opinions are like asshole, everyone has one.
Including me. Enjoy the rest of the week. @jimcramer @tomkeene @SquawkCNBC @andrewrsorkin @riskreversal @ScottWapnerCNBC @lizclaman @guyadami @joeterranova @saraeisen
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