Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:878 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:1086 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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It's the Real Estate Crash That I Warned…

20-03-2017 Hits:1551 BoomBustBlog Reggie Middleton

It's the Real Estate Crash That I Warned You About (again)

I've issued several warnings late last year warning of the real estate bubble peaking and popping. I feel I'm especially qualified to do such since I quite accurately called the...

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When It Comes Time To Show and Prove, Eq…

20-03-2017 Hits:1329 BoomBustBlog Reggie Middleton

When It Comes Time To Show and Prove, Equity Markets May Drop Hard

The markets have gotten euphoric since the Trump election, apparently because someone believed what he was selling. Take a look at the broad market jump (powered greatly by the bank...

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So, Brexit Is Now Almost Official. Is Th…

20-03-2017 Hits:616 BoomBustBlog Reggie Middleton

Note: All downloadable legacy content is for subscribers only. We currently have a sale for $11 per month for basic access. Professional subscribers are now evevated to have direct access...

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In Less Than Two Weeks, Another Bitcoin …

17-03-2017 Hits:2109 BoomBustBlog Reggie Middleton

In Less Than Two Weeks, Another Bitcoin ETF Faces SEC Deadline - It's Denial Is NOT A Bearish Event

LedgerX's "SOLIDX BITCOIN TRUST" has an approval deadline this March 30th, 2017.If it is approved, Bitcoin is due for one hell of a bump, but...  

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The Fed Raises Rates While Still Baby Fe…

17-03-2017 Hits:1950 BoomBustBlog Reggie Middleton

The Fed Raises Rates While Still Baby Feeding the MBS Market With Billions in Monthly Purchases

The Fed has raised rates, officially making real what was mere signaling of the end of its expansionary era... Or is it? You see, from a practical perspective, QE is...

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A Bitcoin ETF or Similar Regulated Insti…

16-03-2017 Hits:2497 BoomBustBlog Reggie Middleton

A Bitcoin ETF or Similar Regulated Institutional Vehicle is a Forgone Conclusion - What Happens Next?

Someone with over 53 years on Wall Street sent me this article from Lex of the Financial Times...

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Why the Winelvoss Bitcoin ETF Was Reject…

13-03-2017 Hits:3310 BoomBustBlog Reggie Middleton

Why the Winelvoss Bitcoin ETF Was Rejected and How to Create a Regulated Vehicle That Passes Muster

 The Winkelvoss ETF application was rejected by the SEC, and bitcoin dropped about 20% in price. I repetitively warned those that followed me that a very low risk buying opportunity...

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Trump Calls Obama's Policies On Russia W…

10-03-2017 Hits:2985 BoomBustBlog Reggie Middleton

 Donald Trump's recent Tweet discusses how Russia has gotten stronger at the behest of President Obama.   For eight years Russia "ran over" President Obama, got stronger and stronger, picked-off Crimea and...

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SNAP's Greed Derived Self-Inflicted Woun…

08-03-2017 Hits:4046 BoomBustBlog Reggie Middleton

SNAP's Greed Derived Self-Inflicted Wounds Continue to Manifest

The day before the SNAP IPO, I penned "Goldman Sachs & Morgan Stanley Pull Off the Heist of the Decade, Bends Over Those Who Don't Read BoomBustBlog". Despite being rather...

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Bitcoin Is Reaching the Point of No Retu…

08-03-2017 Hits:3776 BoomBustBlog Reggie Middleton

Bitcoin Is Reaching the Point of No Return - Buy Side Should Take Note

Many bitcoin aficionados are waiting with baited breath as the SEC is to announce by this Friday whether they will approve the first registered bitcoin ETF. This is not the...

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I'm shorting as many as I can and have been short since last year. These guys are beyond funny, with buy and hold recommendations last week and "sells" this week as if there was some fundamental change in the businesses or macro environment of these stocks on a weekly basis. I thought they were all strong shorts last year, and I think they are stronger shorts this year.

Hey guys, stop bickering and put a few more of those arbitrary and capricious buy recommendations on each other one more time - just for me, pleeeeasse! If you are new to the blog, check out the entire section that I dedicated to these indecisive flip flop artists.

From the WSJ:

Analysts Downgrade Rivals in a Cycle Turning Vicious

You cut me down? Wait 'til you see what I do to you.

That is the game Wall Street analysts are playing, as they scramble to lower ratings on one another amid signs that their businesses are getting worse.

Thursday, the squabbling, which is beginning to feel like a schoolyard brawl, spilled over into the broader market, sparking a tumble of 3% in the Dow Jones Industrial Average and a drop of almost 4% in the Dow Jones index of major financial stocks.

To start things off, Goldman Sachs Group Inc. analysts downgraded shares of Citigroup Inc., which dropped 6.3%. Goldman also changed its view of the entire brokerage sector to "neutral" from "attractive," saying there were few near-term reasons to get excited.

Then, Goldman itself was downgraded to "market perform" by analysts at Wachovia Corp. amid a gloomy outlook for its brokerage business, sending the investment bank's shares down 4%.

[chart]

Adding to the frenzy, Sanford C. Bernstein & Co. said it now expects brokerage giant Merrill Lynch & Co. to post a loss of $1.07 a share this year, compared with its previous estimate of a profit of 56 cents a share, while predicting more mortgage-related write-downs and a need for more capital reserves.