At the start of the last decade everyone was bullish on emerging market equities. It is hard to recall now, but it was the consensus trade. You couldn’t attend a meeting or conference without being told how many people there were in China or how underwhelming the growth prospects were for developed economies compared to…
When a concert opens with a refrain from your favorite song, you are swept up in the music, happily tapping to the beat and swaying with the melody. All around you, people revel in the same familiar music. You can see that many of them are singing, the lights flashing to the rhythm, while other…
Technical analysis is a broad church that runs from high powered quants who scan reams of data looking patterns and anomalies to the near religious zealotry of Gann followers to simpletons like me who merely want to know if the trend appears to be up or down. Unfortunately, this broadness brings with it problems as…
Loving all the talk about outrageous returns on social media lately. Particularly those claiming deep triple-digit returns. The attached image shows what 1000% return looks like on various starting amounts. Expect to see some of you in Forbes list of billionaires quite soon.
I offer this without comment. The background is that apparently this punter thought that Luckin Coffee INC ADR was a sure thing and put their life savings into it. Apparently it didn’t go as planned. For reference.
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