Let's see how stocks will behave next week.
Alot of data will be released,like the suppliers managers index,jobless rate

UK stocks slide as Trump threatens china

HAHA!@NewMoney.I have been posting on the wazua thread Tesla Stock lamenting that Tesla stock is a bubble and way too overvalued and ironically Musk agrees with me.Musk is nuts but it seems its the eccentric behavior of a genius.Musk has always courted controversy with impulsive twitter rants and uninhibited loud mouth talk like during earnings calls.Lets review a few of his mad rants







In 2018,Musk found himself in trouble when he insulted Vernon Unsworth, a Briton who has lived for many years in Thailand by calling him a pedophile



Yet again in 2018,Musk deliberately misled investors and pumped up Tesla stock by his infamous tweet "Funding Secured" and was forced to pay a 20 million fine for stock manipulation to prevent him being completely forced out from Tesla.He was forced out as Chairman but retained his CEO seat once he paid the fine



Musk caused as stir again in 2018 during an earnings call where he put off a reporters questions terming them as bonehead questions.Unbecoming behaviour of a CEO that led to the equity sell off



Elon again rattled feathers when he publicly smoked marijuana on a Joe Rogan podcast which investors felt was uncouth of a CEO also resulted in the stock tanking





The Tesla board has been trying to reign in on Musk public spats by having him seek approval from the board before posting or talking in public but it seems it hasnt stopped the nutty CEO from doing his thing

No doubt Tesla electrical vehicles are way better than competition but Musk's eccentric nature and the Tesla weak and possibly fraudulent financials make Tesla stock the most heavily shorted and most volatile large cap stock in the US stock market with even billionaire investors either touting the stock will hit 15,000 and other billionaires lamenting the stock will collapse to zero

Slick,
my beans are growing very nicely
and it has started raining nyweee so maji fresh fresh clean no brain-destroying fluoride from the municipals tuko nayo
meanwhile mangolofa zinapanda shwiiiii. Now that is what you call a pension! Not those tu-fake 2 dollar bills that await retirees at SSI.
Na chakula ndio hio twannnng GMO free!
I warned cheps 20 years ago that these days were coming but they said huyu tunjamaa tumechizi.
Sasa wanajikaanga kwa mavuta yao.
I feel sad for those mu-buddies I left pursuing the American Nightmare on Wall Street eti Brookes Brothers suits.
Wafi?
The time for them to come home and plant beans is NOW otherwise wamegwisia kugwisia!
Nimesema!

Unemployment rate at 14.7% the highest since records started been kept in 1948

Qatar Airways says it will be surprised if travel demand returns to pre-pandemic levels before 2023-24

FED TO START BUYING JUNK CORPORATE BONDS FROM ZOMBIE COMPANIES

In violation of free market mechanics where dubious firms go bankrupt during a recession,the Fed is now printing money to buy junk corporate bonds and the ETFS that track these junk bonds.

To make things worse,the Fed is outsourcing the bond buying scheme to Blackrock,the world's largest asset management firm with 7.43 trillion USD of assets under management.Blackrock has several bond funds and its obvious they will use the Fed money to buy their own bond funds making even larger profits for Blackrock.Seriously.More billions for billionaires



Imagine if Opus Dei started buying corporate bonds.Should Patrick Njoroge do that?

Global stocks rout after Fed chairman Jerome Powell comments

Jerome's comments were at least realistic.There will be no immediate recovery or what US investors call V shaped recovery.Until a covid-19 vaccine which is possibly 12-18 months away is developed (considering that there has never been any successful vaccine developed for other coronaviruses strains) or viable anti-viral drug is availed,the threat of Covid-19 remains a significant global health and economic threat.

US stock market is living up to the 3 phases of stock market action during a recession ie

1)Liquidation Phase-An event eg Covid-19 or real estate burst in 2008 or October 1929 crash results in mass panic and steep violent sell off.The liquidation phase occurred in March 2020 where the S&P 500 recorded its fastest decline in history

2)Hope Phase-Fed intervenes and prints a mammoth amount of dollars to buy asset classes and stock and other asset markets stage a dead cat bounce.April 2020 saw the largest rally of US stocks since the 1931 hope phase of the great depression as Fed injected trillions to purchase all asset classes.People assume the worst is over and buy back stocks in this false rally

3)Bankruptcy phase-Reality finally dawns on investors that the recession will last longer than expected.Bankruptcies especially of small and medium enterprises that did not benefit from Fed money printing bailouts start to go under.Retailers and restaurant chains in the US have already started to file for bankruptcy then the real crisis begins and stocks stage a long drawn out decline just like the 1931 hope phase collapsed into a decade long depression in the 1930s





US markets maybe approaching the end of the hope phase and the beginning of the bankruptcy phase though stocks could still rally as Fed money printing is a exceptionally powerful manipulative engine.It remains to be seen when the real phase 3 crisis will begin

Tell opus Dei to start stocking up on gold