Do you remember the scene from “The Big Short” movie when Charlie and Jamie, the dynamic duo of the “bedroom hedge fund” Brownfield, stumble across Jared Vennet’s pitch in the JP Morgan lobby? If you don’t, here is the link for a quick refresher. Keith Gill, also known as @TheRoaringKitty,...| JustDario
Yesterday, I watched the opening of #US #stocks trading in literal disbelief as investors stampeded into $NYCB, sending the stock up 15% at some point. The scene reminded me of the movie “Independence Day”, one of my favorites, when you see people dancing on top of buildings right below the...| JustDario
Between the end of September and the beginning of October 2023, the #MOAB (Mother of All Bubbles) house of cards was dangerously wobbling. In a great coup de theatre, Jerome Burns managed to pull a “FED ghost pivot” 🐇 out of his magic hat, which sent everyone on a #FOMO...| JustDario
There are times when I believe that if there wasn’t a massive cultural and language barrier between #China and the major Western countries, in particular with the #US (while #Germany would love to deal more with #China commercially if they still had the option to do so), both parts of...| JustDario
While global investors are busily plucking daisy petals to decide between fear and #fomo, a (very) large elephant is crying out in pain in one corner of the globe. In a surreptitious move, #Softbank quietly rescheduled the release of their Financial Results for the entire 2023 fiscal year from the...| JustDario
HOW MANY ARCHER-DANIEL-MIDLAND ARE HIDING IN PLAIN SIGHT?| JustDario
During 2023, we have discussed so often how (ridiculously insolvent) banks have made extensive use of “Hold To Maturity” accounting to the point that it is now more appropriate to rename it “Hide Till Maturity” (TwitterX). Dump any asset with a market value implying a steep loss in the HTM...| JustDario