Momentum Monday and Billionaires Bitching
Nobody has yelled at stocks and markets more than me.
Now I just block people. Blocking is my new yelling.
So, it brings me great joy watching others yell at stocks, markets and each other on the internet, especially billionaires who are stressed about not keeping up with the S&P.
David Einhorn is really upset that Amazon and Tesla won’t go down and stay down. David thinks Tesla and Amazon are overvalued. You don’t say….
I am sure David is right about Elon and Tesla not being the next Steve Jobs and Apple. Congrats on that risky call.
Here is an excerpt from his recent quarterly letter:
“The second quarter was a bit of a head-scratcher. Our five biggest longs reported earnings that met or exceeded expectations, while our shorts announced earnings that mostly disappointed. Nonetheless, we lost money in the quarter,” Einhorn wrote in the investor letter Friday. “The bubble basket was particularly frustrating.”
Lot’s of nachas with this call david.
Elsewhere in billionaires bitching….
JP Morgan’s criminal in chief Jamie Dimon said this last week:
“It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid shit we have to deal with in this country. And at one point we all have to get our act together or we won’t do what we’re supposed to [do] for the average Americans.”
As a Canadian who loves being an American citizen, the $25 billion in fines JP Morgan has paid while he got to remain CEO of a cash machine is the real ‘stupid shit’ and the embarrassment of all time to this nation. He should be thanking the Republicans who he does not have the nuts to name.
I travelled abroad this summer and while the country remains split on Red/Blue, 99 percent think Jamie, Lloyd and crew should have done the perp walk in 2009.
As for today’s Momentum Monday with Ivan…I have enclosed it below (here is the link). There is so much working right now. There are a lot of new and old names we run through. Hope you enjoy:
Originally published at Howard Lindzon.