- A Little GameStop/Robinhood Perspective: A number of hedge funds got the $GME trade very wrong on a risk/reward basis(I know the feeling), and attracted the interest of smart retail investors. They spread the word via social media, and the stock skyrocketed.
- The chutzpah here beggars belief. The VC “community” literally started the $SIVB run on Thursday, when it urged its portfolio companies to pull their deposits…which they did($42B). And they now want the Taxpayer to bailout their investments…?! Capitalism, Silicon Valley-style.Silicon Valley stands together with Founders. Continuing to innovate. Continuing to build. This will make us stronger. Nearly universal agreement with this statement well beyond those listed. Fed needs to act now to make sure depositors are 100% protected.
- U.S. Airlines Spent 96% of Free Cash Flow on Buybacks
- Y’all do know that $50-500B market cap companies moving 40-60% on earnings, and 10-20% just because, is not normal, right?
- Mercedes-Benz is first to get approval for Level 3 autonomous driving in US | I was reliably informed yesterday this was not possible, as $TSLA was the leader in autonomous driving. Go figure. (Ht: @bpositive718)
- Because he’s 88 and worth almost $100 billion?Warren Buffett explains why he doesn't fear stock market sell-offs, but welcomes them instead cnb.cx/2DriPGe
- In 40 years on Wall Street, I have never seen this before. The CEO is insuring the board for negligence. $TSLA
- So once again(three times since 2008), the real estate industry is asking for government relief/forbearance to overcome the little leverage problem they occasionally(every five years, or so) find themselves in. Heads they win, tails we all share the pain(systemic risk, you know).There is $1.5T in commercial real estate debt maturing in the next 3 years. The bulk of this debt was financed when base interest rates were near zero. This debt needs to be refinanced in an environment where rates are higher, values are lower, & in a market with less liquidity.
