To the Moon Elon! Non-Profitable Tech Companies Could Go Higher…
With enough fuel — liquidity — it’s possible for non-profitable tech companies to go even higher. But losses can’t go to the moon, much less Mars.
The ASX doesn’t move in isolation. Frequently we see sell-offs in the US stock market lead to sell-offs on the ASX. We cover recent factors driving the performance of the ASX include things like Brexit, the Federal Reserve interest rates, and commodity prices. Here you can find our coverage of global markets, usually related back to the Australian stock market. We include snippets of world market news with analysis to paint the picture.
We also look at major movements in currency markets (forex) for clues about which way global markets are heading.
This includes the Aussie dollar in relation to major crosses such as the USD, the GBP, the JPY, and the CNY.
We discuss movements in bond markets as low interest rates force investors to search for yield.
Occasionally we will talk about emerging markets too, as trends here can tell us more about global growth.
So when we talk about global markets, whether that be the Chinese economy (which is increasingly debt laden), the US market or even the ailing Japanese and EU markets, we aim to cut through the typical narrative.
We are contrarian because investing with the herd often leads to poorer returns.
Sometimes action is sector specific.
For example, when the US tech sector gets pummelled Aussie tech stocks frequently also decline.
But broad-based moves, driven by trade war/deal developments, also sweep up ASX-listed stocks in their wake.
We present a variety of views on global markets at The Rum Rebellion.
Not all our editors think alike.
But what you can be certain of is that we are not an establishment media outlet.
We all agree that globalisation has left many investors empty handed — hoodwinked by low interest rates and technocratic manipulation.
To make our point, we use informative charts and profiles of major companies.
We aim to dig beneath the surface and go behind the headlines that you will find in mainstream financial news outlets.
By following our coverage here, you can understand major trends in global markets as well as any warning signs (or opportunities for profit) we spot along the way.
With enough fuel — liquidity — it’s possible for non-profitable tech companies to go even higher. But losses can’t go to the moon, much less Mars.
The thing that makes bitcoin different is that it is a decentralised system. That is, there is no centralised authority controlling the currency or network. Bitcoin achieves this truly decentralised system through blockchain technology.
Since 2015, value stocks — the boring stuff Warren Buffett buys and holds — have fallen further and further behind the performance of growth stocks (Amazon, Apple, Tesla et al).
The topic for our debate is ‘Will the US share market suffer a 70% correction (or more) in the near term?’. I have been warning you with facts and logic about the stock market’s ridiculous…
Once the market starts its descent down the elevator shaft, all it’s going to take is a 0.5% push to create the velocity for an 80% fall.
If you suspect the next market downturn (and believe me, there is one coming) could be rather savage, then reduce your exposure into the range where the loss will feel more like a flesh wound…
Something big is happening. Tesla and bitcoin are two sides of the same coin. They are competing for the job of ‘poster boy’ for this crack-up boom phase of the market. The upshot of all…
According to the propaganda, the US Capitol is the beating heart of American democracy. The ‘revolution’ was televised, but like reality TV or professional wraslin’, it was fake…
Every election cycle, honest, well-intentioned citizens are invited to dirty their hands in the fundamentally dishonest, and corrupted political process of electing their next Dear Leader…
As you’ll see, the investment performance of nearly all of the investment services was outstanding, given the volatility experienced throughout the year. It’s a performance we’ll be working hard to…