Real Estate Bubble?

While the optimism from economists and the citizens in general is high, the economic headwinds are higher. Trump economic message is inconsistent, so it remains to be seen what he gets done. He has a mix of populism and capitalism. He spouts anti-free trade rhetoric and discusses cutting regulations. These messages don’t mix. Only a…

Facebook Becoming Censorbook?

Facebook is starting to get into trouble as Snapchat consistently leads its main app, Instagram, and Messenger in the App Store rankings. I’ve looked at the app reviews for Facebook and Messenger. Users are complaining the Messenger App is trying too hard to be like Snapchat at the expense of its core features. Facebook users…

Infamous Trump Tweet

President-Elect Trump made a peculiar tweet which marks the excessive optimism in the market. In third person, he thanked himself for the optimism which led to the increase in consumer confidence. It increased 4 points to 113.7 which is the highest rating in over 13 years. It’s amusing to see the Dow continually fail to…

India's Cash Ban

I mentioned in a previous article Bitcoin could reach $1,000 in early 2017. This wasn’t a prediction. It was a comment on the momentum of the digital currency. It looks ready to challenge its all-time high. Since that article, it has reached over $950. If you are looking to buy some for long term wealth…

Monte Dei Paschi Needs More Money

The stories about Monte Dei Paschi didn’t halt over the Christmas break. This is part of the political calculations because the Italians aren’t paying as close to the news as they normally would which means there will be a delayed response. It’s not that Italians are in love with their current government or banking system,…

Monte Dei Paschi Is The Key To Europe

If you thought the Monte Dei Paschi story was over, you underestimated the situation. It is only getting started. The results of how this plays out will have wide ranging ramifications for other troubled banks in the future. In the European stress test, the bank came in last place out of 51, so it will…

Bitcoin About To Make Record Highs

The price of Bitcoin has rallied to above $900 as it closes in on the record highs it made in 2013. For those who compared Bitcoin to the tulip bubble, this is tough to understand because it should be at zero by now if it was a fad. Fads don’t recover their losses and they…

Poor Data: Weak Economy?

The Dow has fallen two days in a row for the first time since the election as negative data was able to temporarily stop the Dow from reaching the much heralded 20,000 level. It’s quite amusing to see the media and traders get disappointed from such a meaningless number not being reached. I think the…

Monte Dei Paschi The Zombie

The day the zombie bank Monte Dei Paschi is rescued is finally upon us. The bank tried to raise 5 billion Euros through the private market, but failed. The bondholders’ debt for equity swap only netted the bank 2.45 billion Euros. The Qatar sovereign wealth fund decided not to make a 1 billion Euro investment…

Should You Sell Stocks Now?

In this article, I will further specify the level of bullishness in the market which, I feel, doesn’t represent reality. It has made sense to be bearish this year, but logic doesn’t matter when your contrarian portfolio has had a bad year. It doesn’t give you any solace. I have been wrong all year long.…