by Gary Gordon | Apr 24, 2020
The Nasdaq’s unique status grows curiouser and curiouser. Here in 2020, the market capitalization value for Nasdaq-listed stocks surpassed the collective value of ALL foreign shares in existence. It’s as if tech mania can do no wrong. During the raging...
by Gary Gordon | Apr 22, 2020
Howard Marks is a billionaire investor as well as the top dog at Oaktree Capital Management. He views April’s stock market rally as “inappropriately positive.” Mr. Marks specifically pointed to the worst pandemic in 100 years, extraordinary...
by Gary Gordon | Apr 20, 2020
Events that we have never witnessed before are coming to fruition in the current economic downturn. For instance, for the first time ever, WTI crude oil futures traded at a negative price. Perma-bulls are already pointing out that the technical anomaly does not mean...
by Gary Gordon | Apr 17, 2020
Economic reality? We’ve already hit 18% unemployment. We’re likely to hit 20%-25%. Bubble reflation reality? The Nasdaq is now positive in 2020, as tech is apparently immune to extraordinary overvaluation. Economic reality? Small companies, which make up...
by Gary Gordon | Apr 15, 2020
We already know that the economic deterioration will be far more severe than the Great Recession. That’s why the federal government has served up freakish amounts of stimulus. In a similar vein, the Federal Reserve intends to do whatever it takes to stimulate...
by Gary Gordon | Apr 13, 2020
In the last three weeks alone, nearly 17 million made it to the jobless claims tally. There are likely another eight million coming over the next two weeks. Net result? Unemployment is likely to hit 20%. Think about the adverse impact on consumption. People will need...
