Mad Hedge Hot Tips
September 10, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Leslie Moonves Leaves CBS (CBS). He just couldn’t keep his hands off the merchandise. Another CEO leaves for playing nookie in-house. Too bad, because he was the best CEO in the industry. A $120 million golden parachute kicks in. Stock dives 4%, stay away. Click here.
2) The Richest Man in China Retires. Alibaba (BABA) founder Jack Ma decides to go spend his $40 billion. Only in China! Maybe it’s time to get out of Dodge. His stock also dives 4%. Click here.
3) Trump Tells Apple (AAPL) to Make Phones in the U.S. Here comes your $2,000 iPhone. It will never happen as talk is cheap, but this is why I’m out of the stock. Click here.
4) Markets Rally on Promise of More Tax Cuts. Yes, it’s called “Tax Reform 2.0”, and it will add another $1.5 trillion to the U.S. deficit. Sell Short more U.S. Treasury bonds (TLT). Click here.
5) Lehman Brothers Bankruptcy 10-Year Anniversary. How time flies! Expect a lot of 20/20 hindsight today. Boy, I’m glad I got out of that one early! Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WEDNESDAY, OCTOBER 17, 2018, HOUSTON
GLOBAL STRATEGY LUNCHEON INVITATION),
(THE MARKET OUTLOOK FOR THE WEEK AHEAD,
or “IT WASN’T ME!”),
(AMZN), (NKE), (SPY), (PCG),
(GOOGLE’S BREAKFAST OF ROTTEN EGGS),
(TWTR), (FB), (GOOGL), (MSFT), (AMZN)