Blinding Irony

The Global Irony Machine is spitting out some unbelievable stories lately.  Wouldn’t you say?  I could go to town on the AOC show over here in contrast to the Venezuelan socialist collapse over there, but that’s too easy.  I’d mention the Catholic School Smirk story owning the media, or Macron critically dissecting the Brexit folly, …

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If the Financial Times is asking when NFLX is going to crash I thought I’d offer my two cents. First the FT: “Today, the numbers represent boundless optimism: a dozen times the $12bn  of revenues reported last year, 120 times the profits it is expected to generate in this one.”  Netflix has competition in Amazon, HBO, …

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[et_pb_section fb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]I want to point out what feels like light desperation out of Japan last night and a potential corollary risk to U.S. stocks. The Nikkei is over there (chart right) sitting on its 200dma support while the Bank of Japan owns …