Whispers of Black Monday as S. Korean Stocks Sink, Iran Fighting Resumes
I don’t think it’s ugly enough for a 1987 repeat, but just the idea can put a trader on edge. Let’s check the latest of the markets, Iran conflict, the Fed.
Dead Air Time
“What we have learned from history is that we have not learned from history.”
–Benjamin Disraeli
And you wonder why I am critical of Fin TV:
CNBC spent all week waxing enthusiastically about the SK Hynix ($SKHYV) Nasdaq listing and little time of analytical substance (that would help their viewers):
SK Hynix rises 13% in Nasdaq debut. Chairman says ‘demand is enormous’
SK Hynix shares fall after stellar Nasdaq debut
The JPMorgan of Crypto
No more vivid example of a softball interview characterized by the absence of ANY critical questions can be seen in CNBC’s Kate Rooney’s smiling and adoring sixty-minute interview with FTX’s Sam Bankman-Fried only a few months before his indictment.
Listen carefully to the kowtowing:
FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried – YouTube
What a continued injustice to their most important stakeholder… CNBC’s viewers.
Position: None
Weekly Roundup: Portfolio Extends Lead, Adds Firepower Ahead of Earnings Season
We locked in gains on three holdings, giving our cash levels a boost as the Q2 earnings season heats up.