Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Won't someone please think of the markets   (cnbc.com) divider line
    More: Misc, Wall Street Crash of 1929, Business cycle, Long-time bear David Tice, Economics, Financial markets, Investment, Market trends, Monetary policy  
•       •       •

630 clicks; posted to Business » on 24 Jan 2021 at 10:20 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



11 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2021-01-24 10:27:10 PM  
Fark user imageView Full Size
 
2021-01-24 10:40:14 PM  
"We now have a Biden administration that has a Senate and a House. They're likely to enact very much more anti-capitalist policies," the investor told "Trading Nation" on Friday. "They have already raised the minimum wage. That's going to hurt earnings on the cost side."

fark this asshole
fark the whole "investor class"
 
2021-01-24 10:49:54 PM  
I wonder how much he has lost shorting TSLA?  That's been a big favorite for the bears.  Short sellers of Tesla lost $4 billion in 2019, $38 billion in 2020.
 
2021-01-24 10:57:55 PM  

Holy Carp: "We now have a Biden administration that has a Senate and a House. They're likely to enact very much more anti-capitalist policies," the investor told "Trading Nation" on Friday. "They have already raised the minimum wage. That's going to hurt earnings on the cost side."

fark this asshole
fark the whole "investor class"


It's guys like this that make me wish we had just let the whole motherf***er burn to the ground in late 2008.
 
2021-01-24 10:58:00 PM  

Holy Carp: "We now have a Biden administration that has a Senate and a House. They're likely to enact very much more anti-capitalist policies," the investor told "Trading Nation" on Friday. "They have already raised the minimum wage. That's going to hurt earnings on the cost side."

fark this asshole
fark the whole "investor class"


Congress is also likely to pump another trillion dollars into the economy.  That money will cover the cost increases and then some.
 
2021-01-24 11:06:27 PM  

natazha: I wonder how much he has lost shorting TSLA?  That's been a big favorite for the bears.  Short sellers of Tesla lost $4 billion in 2019, $38 billion in 2020.


For real. He's a gold bug so it's safe to say he makes money doing this crap. Thing is that I don't think he's wrong on the vaccine, nor on the duration of an extended recession. Where he's really wrong is the effect of minimum wage. If he's hedging against $15 he's gonna be sadly mistaken.
 
Azz
2021-01-25 12:49:26 AM  
Sounds like a protégé of Peter Schiff. Peter's been calling for a crash every year for a decade now. Idiot.
 
2021-01-25 2:11:19 AM  
One thing we know is coming is inflation, precious metals, real estate, emerging markets are good places to start parking some money, and yes eventually the market is going to fall hard but no one can time it and it will be as bad as he guesses.
 
2021-01-25 3:13:15 AM  
His current fund is down 32% over three months. He is either outright praying for a market drop to save his ass
 
2021-01-25 7:54:35 AM  
"This will be the end of the stock market bubble", says increasingly nervous short seller for seventh time this year.
 
2021-01-25 11:29:36 AM  
I've got a brokerage account that had the value increase $7,500 from January 2018 until Biden won the election in November. Since then it has increased another $7,500. Not saying that it's going to continue like that, just saying it doesn't seem like the market hates Biden.
 
Displayed 11 of 11 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking





On Twitter



  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.