For the month, the NASDAQ is -7%, yet the SPY is down just 1%. Peering into the carnage, many of the recent gains since April have been revoked, especially in the AI trade. Since SPCX came public, its shares have been lit aflame, -33% for the month. Morgan Stanley put out a note saying at […]

Last week, like a big dunce, I laid into the bears with my latest missive NIGHTMARE ON BEAR STREET, which I will have you know drew fierce consternation amongst loyal readers for “jinxing” the tape. In other words, my words caused equity markets to slide and slide they did indeud — with momentum stocks tossed […]

I want you to imagine, if only for the duration of this post, you are a grizzly bear. Generally speaking, you hate stocks for all of the same reasons why people hated stocks at the bottom of 2009. It is your belief that each and every retrenchment is nothing more or less than the opening […]

When I first started in the business back in 1997, I was immediately entreated to bad bond auctions, Asian contagions, and other such niceties that caused stocks to panic lower. Every day people would obsess over IMF loans to Russia, the current status of Thailand, and many other nonsensical items that ruled over Wall Street […]

Growing up in the 80s and 90s the go to movie for wanting to be on Wall Street was Wall Street, starring Michael Douglas. As a wee lad from the sewers of Brooklyn, there was much to like about Gordon Gekko — doing deals with the young Bud Fox — a classic tale as old […]