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If you don’t change, the market changes for you. Source: http://www.foxbusiness.com/features/2017/03/01/mcdonalds-lays-out-plan-it-hopes-can-reverse-drop-in-visits.html

SNAPCHAT going public today. If this was a company selling steel pipes, it would come out at 75% below the IPO value…seriously. 50x sales…not earnings…but 50x sales….massive losses and a recent slowdown in business does not thrill…but glamour is glamour and social media is glamour. Just remember one word…TWITTER. If Snapchat can pull a Facebook…

Futures down a wee bit but after yesterday, no biggie. We remain amazed how since the election, there hasn’t even been a 2% drawdown. The combination of the surprise election, a ton of cash on the sideline and the potential for tax cuts, regulatory relief and the continued monolithic easy money sloshing across the globe…has done…

Holy heck! Without being political, market loving the Trumpster. We don’t pretend to know why but we certainly know when we are seeing something. New highs for almost everything…and financials again lead the way as they move out also. And there is still a ton of cash on the sidelines. New highs beget new highs…until…

SNAP loses lots of money. Business has been slowing. If this was a pipe company, it would be coming public at 1/4 of the price but it is not a pipe company. Valuation is out there but emotion is emotion and price is price. We shall see tomorrow. SOURCE:  http://www.foxbusiness.com/markets/2017/03/01/snap-to-price-long-awaited-ipo-amid-signs-brisk-demand.html