As long time readers and listeners of the broadcast (more coming on that in the very near future) will attest, I’ve repeated the following statement ad nauseam to illustrate a challenge I’ve had to overcome prior when addressing audiences in person. To wit:
“There comes a point in many discussions when I have to stop myself and remember that while I’m explaining what I’m seeing over the horizon, from my vantage point (or where I’m standing), that many times where I am standing, to them, is over the horizon, where I know it all sounds like crazy talk.”
Why is the above germane to the headline atop of it? Hint: Below is a paraphrasing of every next-in-rotation fund manager that has been highlighted over the last five months across the mainstream business/financial media…
Apple™: “Blow out earnings, another $90 Billion in buy backs scheduled, fantastic product cycle report – this company is not only not ‘priced for perfection’ but now poised to go even higher!”
Result? To wit:
Tesla™: Basically, same as above, without the buyback.
Result? Again, to wit:
In regards to all that “fantastic insight” being dealt out via the mainstream business/financial press regarding all those next-in-rotation fund managers, specifically, so good you need to pay for it like the now ubiquitous, Cathie Wood. Let’s see how all that investing theses is playing out this year, shall we? Once again, to wit:
All of the above are screenshots taken before the “markets” open for the day session here in U.S. on Tuesday. Yet, If you look closely, you’ll notice I pointed out on those charts the words, “For now.” That is because they are all indicating they will open even lower when full trading resumes.
Record, never before seen in human history highs, reported near daily across the markets – and these “all-stars” haven’t even been able to hold onto “break even” levels. AKA, “going lower – not higher.”
To imply that any of the above would not only be possible, but more likely probable during what can only be described as, “a sheer breathless accounting” of the latest earnings reporting was met with both derision, as well as proclaimed to be, “crazy talk.”
What you see before you (and what many will see in their upcoming statements) is when that “crazy talk” becomes manifest.
© 2021 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.