RADIO SHOW 10/31

SOURCE: https://archives.warpradio.com/btr/investorsedge/103119_18.mp3

THE OPEN

Lots of jello moving on the earnings plate.

AAPL and FB the big names open hot and sold into so far as market is down. CHIGAGO PMI was ugly.

We will have an earnings round-up late tonight.

Too many thrilled with market this minute…we shall see.

RADIO SHOW OCTOBER 30

SOURCE: https://archives.warpradio.com/btr/investorsedge/103019_18.mp3

PRE MARKET/FED/EASIER MONEY

Just remember:

Powell is lowering rates and printing money and doing QE even though he lies to the public about doing QE.

Powell is lowering rates and printing money and doing QE even though he lies to the public about doing QE.

All this, with 3.5% unemployment.

DO NOT TELL US HE IS NOT TARGETING MARKETS. The fed cannot do anything to juice the economy at this point and they know it…so keep targeting the markets.

Act accordingly as markets have loved easier money and QE since it was started over 10 years ago. THE MARKET IS STILL RESPONDING AS EVERY MOVE SINCE DECEMBER HAS BEEN OFF OF AN EASIER CHANGE OF STANCE BY POWELL…WHO DOES NOTHING MORE THAN TALK A BIG GAME.

Again, price first. All else is secondary.

And again, all these areas are easing with some printing and some with negative rates are lowering even more:

Australia
Brazil
China
Denmark
Europe
England
Hong Kong
India
Indonesia
Japan
Korea
Mexico
Philippines
Russia
South Africa
Turkey
Thailand

 

 

RADIO SHOW OCT 29

SOURCE: https://archives.warpradio.com/btr/investorsedge/102919_18.mp3

BEYOND MEAT AND GRUBHUB

Those that read our reports and listen to our radio show know that we have been warning about the many “fad-like” stocks and their valuations. We have yelled about buying into all the “weed” stocks at ridiculous valuations. We warned you 2 years ago about all the “coins” in which one cannot even put a value on. We have also warned about the fake meat and the delivery services like Grubhub.

Why?

Beyond Meat is going to open just under $86 this morning, down almost $20. We had believed the stock completed a climactic move back in late July. We thought the air was finally coming out of the balloon. Let’s see. At the highs, the valuation was over $14 billion. This for a company that was going to do not even $250 million in sales. This for a company that was still losing money…though they made a wee bit this past quarter. Valuation ridiculous. But have you noticed the other side of the equation? Competition. Have you noticed how many others are making fake meat? Do you know what happens when there is a lot of competition? Price comes down. When price comes down, margins are squeezed. When margins are squeezed…..you get the hint.

Grubhub is trading down $20 to $38.50. This one is simple. Go google the words “food and restaurant delivery” and see how many companies provide this service. Go look at the generous offers because of all the competition. But then look what happens after all the generous offers. We think these delivery services charge too much and expect to see price continue to come down. While revenues grew 30% this past quarter, the company warned about a huge deceleration going forward. Duh! Repeat again…as competition picks up, prices come down.

Futures down a wee bit but for the most part, even bad earnings are being bought. GOOGLE misses the number by 3 miles just like AMAZON did. AMAZON came all the way back from it after hours drop. GOOGLE is hardly down after being up nicely yesterday.

Do not forget, the fed is lowering rates again tomorrow and is printing $60 billion/month. Markets have loved money printing for over 10 years.

RADIO SHOW 10/28

SOURCE: https://archives.warpradio.com/btr/investorsedge/102819_18.mp3

THE MARKET

Keeping it short and simple.

Off of massive easy and easier money around the globe:

Big 4 indices either breaking out of a long trading range or on the verge. Even bad news has been bought up in names like CAT and AMZN.

The SOX and FINANCIALS into new high ground. This is very important.

Entering decent seasonality.

The following countries are easing:

Australia
Brazil
China
Denmark
Europe
England
Hong Kong
India
Indonesia
Japan, Korea
Mexico
Philippines
Russia
South Africa
Turkey
Thailand
And of course, our central bank is going to lower rates again this week with 3.5% unemployment and as we have stated, is now doing more QE even though they lie to you and tell you it is not QE.
If the breakouts hold, do not fight that it is all occurring on flat to down earnings. Easier money has been winning the day for over 10 years. Every bottom since December was caused by our central bank going easier with a change of stance.
And still plenty more earnings to come out.

 

 

Radio show 10/25/19

Listen Here: https://archives.warpradio.com/btr/investorsedge/102519_18.mp3

Radio Show 10/24

Listen Here: https://archives.warpradio.com/btr/investorsedge/102419_18.mp3