Tuesday June 7 2022
Oddly the markets column om page b 11 announces Markets Rise even while showing a graph detailing an early rise which evaporated as Monday wore on. the ∂JIA closed up a whopping 16 points.
Nearby Buzzfeed drops 41%. It went public in December via an SPAC, the two make a deadly combination. A spokesman noted the low float made selling by major investors difficult. 'It is listed as a digital media company.
Sure looks like a dot.com, eh?
On the front page Tiger Fund is down 52% this year, do these guys not understand stop orders?
the graphp of the number of investment start ups by the Fund on Page A10 perfectly illustrates the socionomic tenet that maximum mood occurs at the end of a mania. the number shot from a handful in 2020 to over 100 this year At right the share price performance of its holdings looks like a scene from the Walking Dead. All of this was clear watching our frequently presented chart percent of NASD stocks over their 50 day MA.
TBF a bear bond fund should exceeed its May 9 high this month and conclude five waves up.
Comments