David Einhorn is the best contrarian indicator you can imagine. The guy loses on everything. He's taken over the mantle from Bill Gross.
After six years of falling commodity prices guess what Einhorn is betting on? Falling commodity prices. He is shorting industrial stocks.
This is the guy who bought gold because he thought that QE and the monetary operations of the Fed and other central banks would create hyperinflation.
What a genius.
(Who gives these guys money? Their parents?)
He got crushed last year on bad stock bets.
The only time this guy ever made money was when he shorted stock and got his pals in the media to make up fake, negative stories about the company. I interviewed him on my radio show some years back and questioned him about one of those episodes where it was well documented that he went after a viable company and spread dirt just to make money.
Einhorn is scum. Guys like him are scum. They suck and they're totally clueless.
Go get yourself some money. Buy commodities, buy industrial stocks. I'm doing it.
Folks, this is almost too easy. These guys make it too easy.
10 comments:
Mike what would the chain reaction be if the U.S. government announced tonight at midnight that they were no longer spending any dollars for the next 2 years.
Who would go broke first?
How long would it take before voters could not pay their taxes ?
What would the meltdown look like in reality ?
I've always thought it would be a good fictional story to tell which would show clearly that MMT were right on most things. It would certainly destroy most of the mainstream myths. If not all of them.
It would turn everything full circle and on its head and certainly creates a different perspective on which to get our points across.
As reported by Reuters today.
If the G20 do decide to increase their fiscal stimulus to promote world wide growth what is the best thing to buy ?
I make between 27 - 34 % return every 9 months from arbing soccer markets and have done for over a decade. However,when it comes to the markets I have no idea and would not know where to start. Even though I do understand the MMT basics really well.
If someone put a gun to your head and said pick one investment vehicle to make some cash from the G20 decision what would it be ?
Are fiscal flows the only driver of the stock market economy? How come mosler (mmt founder) is predicting recession if we arent already in one.
Sean,
Mosler has been dead wrong for 3 years. Do yourself a favor and stop listening to his predictions.
Foot-
No spending? Nothing? Massive depression, global. Almost instantly.
Foot-
Short the dollar, long stocks, short Treasuries.
Cheers Mike
Just curious why you guys would have such different views looking at things through a similar lense.
Sean,
Because it's not about the deficit. He's wrong and he's been wrong for a long time.
Dare I ask? If it's not about the deficit, what in your view is it about?
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