Charts of stocks like these – hundreds of them now – are an indictment of the mania in 2020 & 2021. We’ll be shaking our heads for years.
Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
Wait a minute… Six weeks ago, Goldman Sachs & JP Morgan talked investors into buying $600 million of new debt.
Now trying to avoid “a blow that would be irreversible.”
One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
From ridiculously overvalued to troubled.
It’s kind of sobering. Reality has that effect, after a drunken binge.
Food sales are hot, but some other merchandise, “particularly apparel,” requires markdowns to get moving.
Shedding jobs, offices, and warehouses. It’s kind of sobering. Reality has that effect, after a drunken binge.