Mike on Markets

Happy Friday! I used to work with the top ranked capital markets research analyst, and he told one of my institutional clients that this is how retail investors pick stocks (this isn’t verbatim but close)… “There’s a guy who needs to get his hair cut. He goes down to the barbershop, but all the chairs…More

Happy Friday! I was about 5% of the way through writing about dogecoin until throwing in the towel. I just came to the realization that if I spent too much time on this subject that I would come out the other side dumber, and I can’t risk that right now. Not in my mid 40s…More

Happy Friday! Here’s an academic study at Harvard circa 2001 titled Functional Imaging of Neural Responses to Expectancy and Experience of Monetary Gains and Losses. Roughly 92% of it is unreadable, but I expected that going in. A business school professor once warned my class that Harvard researchers are like bobblehead dolls – huge heads with…More

Happy Friday! It looks like Robinhood and other Brokers followed the Big Tech Cartel playbook by restricting buys in meme stocks yesterday. Bold move.  I’m old enough to remember seeing short sales banned but I don’t think I’ve ever seen this before. I had a few advisors ask me if this is even legal, and…More

Happy Friday! Three stories worth sharing this week… The first is a blog post by Charlie Bilello discussing secular trend reversals. When these happen, no bell is rung. Investors usually don’t even realize they happened until well down the road. I’m not so sure I agree with everything in this post, simply because it’s still early…More

Happy Friday! One of my resolutions for 2021 was to refrain from ripping on Millennials, but incompetent day traders are not getting a hall pass. Elon Musk tweeted the following on January 7th.  On January 6th, shares of Signal Advance (ticker: SIGL) closed at $0.60. On January 7th, it closed at $3.76.   There’s just one…More

Happy New Year! To start, let’s never speak of 2020 again. It never happened. The American Dream was put on hold, and we all lived our lives like they do in Europe – blind to ambition and sobriety while waiting patiently for the government to send us checks in the mail. Check out this cool…More

I very rarely talk stocks, but the Door Dash and Airbnb IPOs this week cannot go untouched. Before I begin my rant, I am fully disclosing that I have done zero analysis on either company. I have not read their S-1 or any other Wall Street research out there. I’ve never even used Door Dash because…More