Using Veritas to Construct the "Per…

29-04-2017 Hits:84622 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79089 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:78935 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:83422 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:79988 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:82295 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:53268 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:81299 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:81299 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81107 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:86960 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:84978 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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I have been offline for awhile. I am in Nashville for the student national chess championships with my 8 year old son. I see many are, rightfully, concerned about this unprecedented (the greatest in the history of the markets, if I am not mistaken) rally that has proven rather unprofitable for bears.

Well, keep in mind that no one is right all of the time and there is a decent chance that I may not be right this time. With that being said, I have not been materially incorrect since this asset securitization crisis started, and I don't believe that I am incorrect now. I warned the blog (through the comments section) that I was bracing for a violent bear market rally, actually on the eve before the rally. I didn't mean (or know) that it would be the most violent market rally ever, but the fundamentals and the facts remain unchanged. I consistently warn all to take profits often, while maintaining positions and to take manageable positions in sizes where you can afford it to go against you and still have staying power. I also preach the virtues of going for the medium to long term horizons versus trying to speculate on short term price movements, which literally puts you at the mercy of unpredictable market swings, versus things that are more predictable such as cash flow shortages, covenant defaults, etc.

Stock prices are again diverging, significantly, from their fundamental values. Each time that has happened in the history of the markets, they have reverted to the mean - in other words, reality strikes.

I am hurt by this extreme rally, but I was expecting and prepared for it, going into it with a 65% cash position. I have lost a couple of months profit, but am still up well over 650% for the 22 month trailing period. I feel that, if I am prepared, a significant drop is coming and will be particularly violent, as the lack of cash flows, solvency, earnings and debt servicing ability meets the shares prices of marginal companies that have doubled or better in price. There is no more likely time for this to happend than earnings season. Keep in mind that banks have it in their cards to write deceptively optimistic accounting earnings, but it is still my opinion (and obviously that of our governments), that many of them still quite insolvent.

 On a separate note, the private subscription forums are open for beta use:

  1. Retail Subscriber Private Forum
  2. Professional Subscriber Private Forum
  3. Institutional Subscriber Private Forum

Feel free to discuss whatever you want with other members of your subscription level. Please let customer relations (in the "contact us" menu at the top of the site) know of any usability issues you may have. Enjoy, and I will be back posting full strength at the end of the tournament, most likely Monday evening.

I have started updating all of my banking research to reflect the potential effects of PPIP on asset value write downs and spreads. Goldmans Sachs till be first up, and I have a reinsurer to report on as well (which has skyrocketed in price), as well as a little bit on the education sector.