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Post Time For Bank Stocks
When I picked out “1929”, Andrew Ross Sorkin’s long tome, I hoped to understand how a coterie of bankers, brokers methodically raped our country’s financial system. These were mainly waspy, middle-aged operators and heads of toney brokerage houses. Before investing in bank stocks, catch some flavor of what happened to our financial system in 1929 and who bears the blame. Was it the man in the street overreaching with his trades or was something more systemic percolating? L
Martin Sosnoff
2 hours ago3 min read
Losers Average Down Try Averaging Up
The concept of averaging down in the market or on a specific stock you carry was probably coined by economists who can lose you serious capital. Try averaging up in your winning picks. If Goldman Sachs or Apple are bouncy pieces of paper, chances are there’s a good reason for such buoyancy. My rule in the market is never go out to lunch. At least be at your desk when your overweighted holdings drop a bunch of points or bounce as much. Look out United Airlines just posted a 9
Martin Sosnoff
7 days ago3 min read
Where Is The Punch Bowl?
Daily, at the close, I check the action in Tesla. It can trade over 100 million shares up or down. TSLA has a chance of taking its shareholders to the moon, but without me. I've had a hard enough time figuring out whether I should buy bunches of Treasuries, 10 to 30 years out. Anyone who’s bullish has to show me why President Trump can be a bullish force. Where is his punch bowl? I read Trump as a destroyer of equity value and a negative force in the flow of business. He’s u
Martin Sosnoff
Oct 203 min read
Much Muffti-Puffti On The Big Board
One recent day, in its opening hour, Tesla traded down 20 points on 50 million shares. Players long Tesla know their road is rocky,...
Martin Sosnoff
Oct 133 min read
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