Today, before lunch, Tilray ($TLRY – weed grower and distributor) was worth more than Twitter. After lunch this happened: Weed is supposed to help ease anxiety, but watching weed stocks increases anxiety…welcome to 2018. Anxiety is a huge growth industry in America. I have long suffered from anxiety, but Lexapro, therapy, cycling and awareness about …
From: September 2018
What Does Speculation Look Like… MoviePass, Bitcoin and Tilray
There is literally no fear in US markets. We are moving from explosion to implosion in an endless fashion. Everyone is a speculator and I would speculate it is due to the massive on boarding of a new investing generation that are loving their free or very low fee trading and group chat. My friend …
Momentum Monday…A Pause That Refreshes?
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it …
Our Wall Of Worry is The World’s House of Pain
Last Monday I wrote about ‘The Wall of Worry’ the market was climbing. A lot of people did not know what that meant so here is a definition: Wall of worry is the financial markets’ periodic tendency to surmount a host of negative factors and keep ascending. Wall of worry is generally used in connection …
Apple Is Humming
It was another big week for Apple. Ben Thompson wrote a great piece titled’ The iPhone Franchise‘ . For those too lazy to read it, Ben sums it up: That is the iPhone: it is a franchise, the closest thing to a hardware annuity stream tech has ever seen. Some people buy an iPhone every …
So You Want To Be A Venture Capitalist…
Yesterday I talked about edges. Today, Airware, a drone company that raised $118 million from venture capitalists including A16z, Kleiner Perkins and Google Ventures shut their doors. When I think about venture capital investing and edges a few great brands come to mind…Andreesen’s A16z, Google Venture and Kleiner Perkins are three of them. If you …
What’s Your Edge?
If you don’t have an edge you are someone else’s edge! I come back to this riff as I make stupid investing and trading mistakes. I write about investing almost every day here and share ideas about stocks and startups as I have them, but I wanted to take a step backward today and talk …
Do What You Can’t
I love this old YouTube video from Casey Neistat titled ‘Do What You Can’t‘: Casey is an incredibly popular and talented YouTube creator. I don’t consider myself cool, but I do think it’s cool that he follows me on Twitter. I was once a YouTube creator way back in 2006. In 2006, I totally did …
Crypto Crush
I can’t say I’ve never seen anything like it because I invested through 1999 and 2008 but the the unraveling of all things Crypto is intense. I have written here that I treat Bitcoin, Ethereum, Indian stocks and Chinese stocks as venture capital meaning I give them much wider room to fall than a typical …
Momentum Monday – I Wish I was a Stockbroker
The markets work in mysterious ways. This wall of worry the market has climbed in 2018 is legendary. It might be the greatest and biggest wall of worry ever seen. The hilarity is, Fat Nixon is trying to build a real wall, but his greatest accomplishment is the wall of worry he has handed investors …