Conservative, old, contrarian investor. I'm right 1/2 the time. I HATE irrational PE ratios but don't short stocks. Blocked by #ElonMusk. #ILoveDividends.
@BillAckman@rojoenjoy $JCP
Congrats to #BillAckman & his hand-picked stooge #RonJohnson. In 2011 they tried to change #JCPenney into an upscale retailer. It totally alienated its loyal customers & started the demise of this once great retailer. Bankruptcy awaits.
@jimcramer
Waiting 3 hours at Red Lobster for food is good practice for when you want to fly again. "Experts" are predicting a 4 hour event for #Covid19 screening and #TSAFrisking before you take off at an airport. I think I'll take a slow boat to #CHINA instead. ๐
#WednesdayWisdom
@JimCramer : Pope #AnthonyFauci & Powell are "2 really powerful people"?! Fauci's 15 minutes of infamy are over.
The American people have rejected his #Covid19HideintheCloset mentality. He was DEAD WRONG early when he dismissed #Covid19 as a threat. He needs to shut up & retire.
@jimcramer I'll "do my part" & look like I'm in an "end of the world" sci-fi movie. It's easy to #DoYourPart when you can work from home while making $$ talking on TV. Too many people you talk to are millionaires who can ride out the #fakepandemic.
Meanwhile, peons go broke staying at home.
#Crudeoil - #WTICrude prices crashing. Car companies (in normal times) cease production for 2-4 weeks for retooling for the new model year or to get inventory off the lots. Oil solution: shut down production in USA for 1 -2 wks, furlough workers, & 100 M barrels vanish @jimcramer
#CrudeOilPrices: only a FOOL keeps pumping oil to lose $$. #Russia & #Saudi_Arabia cannot support their economies w $20 oil. They have shot themselves in the foot. Regardless how many U.S. drillers go broke, the oil will remain in the ground waiting for $XOM or $CVX. @cvpayne
@jimcramer: #China will crumble like all #Commiedictatorships. They're clueless how to run an economy. #XI cares only about retaining power & taking care of his corrupt pals. It will follow the inept model of the #SovietUnion. Its citizens are dirt poor. #ChinaCollapse coming.
@jimcramer Jim: you're a hypochondriac. The day I wear a green or red bracelet is the day the #ChiComms have taken over. Maybe you ARE related to Lenin! Shame on you for asking for #hydroxychloriquine when you don't need it. Do you also have a garage full of toilet paper? @carlquintanilla
#Boycott3M:
In the immortal words of #WarrenBuffett "It takes 20 years to build a reputation, but only 5 minutes to ruin it."
It was only a few days ago the @3M CEO stood up in the Rose Garden & pledged his support to #POTUS & USA in the fight against #COVID19. #Shameon3M
@ScottWapnerCNBC Enjoyed your interview with short seller #JimChanos until you asked him about "JOEB".
If #SleepyJoe was a CEO of a publicly traded co, Chanos would SHORT it. I'm not saying he should support Trump, but #JoeBiden? Your anti-Trump bias was evident by your silence.
#CoronavirusOutbreak #'s are double-counted for many deaths. 50K people die every WEEK in the U.S. from all causes. All #'s from govt reports are suspect. Look at how the #JobsReport #'s are always revised up or down. #ChickenLittleBureaucrats have no skin in the job layoff game.
Very informative thread. Explains why NYโs Covid 19 fatality numbers are inflated. They dontโt distinguish between those who die with the disease and those who die from it.
@APIenergy
U.S. oil demand is crashing & the frackers continue to frack. We have an ENORMOUS oversupply of oil. Solution: Stop fracking for at least a week & oversupply ends. It's dumb to keep producing oil at a loss. Car companies are shut down. Why not oil?
#WednesdayWisdom
#WednesdayThoughts: Predictions for 2020/21.
#BudgetDeficit will increase to $4T in 2020 & $5T in 2021 b/c stimulus spending will continue & tax revenues will drop dramatically. STATE budget deficits will skyrocket which will result in MASSIVE tax increases. @Varneyco@cvpayne
#WednesdayThoughts: Predictions for 2020/21.
#BudgetDeficit will increase to $4T in 2020 & $5T in 2021 b/c stimulus spending will continue & tax revenues will drop dramatically. STATE budget deficits will skyrocket which will result in MASSIVE tax increases. @Varneyco@cvpayne