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MONDAY’S RADIO SHOW
SOURCE: https://archives.warpradio.com/btr/investorsedge/030618.mp3
PRE MARKET NOTES
Futures down a wee bit. Market remains a little soft after the 300 point day to the upside…which arguably may have been a late suck-in. So far, not seeing much damage on this little pullback. SNAP down another 5% this morning…leaving it down 25% from Friday’s highs. As we told you, early IPO action is…
THE CLOSE
Market tried to rebound before a late sell down. It feels like we hit an important point after the 300 point up day. Maybe that was somewhat of a climactic day in where for now, that’s the high. After all, markets are extremely extended. Just understand that any pullback at this juncture would be normal….
CHART OF THE DAY-SNAPCHAT
There is no chart. 3 days of trading does not make a chart. You know our thoughts on valuation but you also know if it breaks out of an IPO base, we may look to buy it as overvalued can get more overvalued. We have seen it time and time again with so-called glamour names….
Go ahead…tax those sodas!
As we have told you forever, for every action, there is an equal and opposite reaction…especially with taxes. A supposedly innocent tax affects the many! Source: https://www.zerohedge.com/news/2017-03-06/pepsi-lays-20-its-philadelphia-workers-blames-soda-tax
Barack Obama Professional Wiretapper? You decide!
Because the media will not tell you! SOURCE: http://www.thegatewaypundit.com/2017/03/draft-heres-the-complete-list-of-victims-from-obamas-many-wiretaps/
SNAPCHAT THOUGHTS!
We were asked numerous times this weekend about Snapchat stock. We were approached by strangers that listen to us or watch us asking us about it. We repeat…valuation is a joke…BUT THAT DOES NOT MATTER THIS SECOND. To be clear…WE HAVE ABSOLUTELY NO IDEA WHAT THE STOCK WILL DO IN THE SHORT RUN. Moves are…
They mean RIGGED their GDP number!
China makes up their GDP number…simple as that. There is no way they can do the same GDP every quarter but poof, every quarter looks the same. SOURCE: https://www.bloomberg.com/politics/articles/2017-03-05/china-sets-growth-target-of-about-6-5-amid-pledges-to-ease-risk
May not be over for Wells Fargo executives!
That was a lot of accounts!- SOURCE: http://www.reuters.com/article/wells-fargo-accounts-investigations-idUSL2N1GG1NJ
PRE MARKET NOTES
Futures are down a wee bit but were much worse overnight. Worried about North Korea and more Trump stuff weighing a little bit on market. Remember, markets are stretched and extended here with a good dose of bullishness. On top of that, small caps are lagging. Other than that, no biggie so far. Not a…