The ZeroHedge I looked at yesterday coincides with the Marketwatch article, good link.
Gerald Celente interview I'll check later today or tomorrow and I do enjoy his youtube videos. Common sense in a world which is either to left or right with journalism these days. Gold does look very good. North Korea, China, Japan and the US is getting interesting with China applying sanctions on North Korea. Will be watching the Netherlands/French elections. Looks as if Geert Wilders party will win and may be a followup with Le Pen.
Watching the Snapchat IPO it looks really ridiculous considering that its is ONLY a app which takes photos and videos then deletes itself is valued at 22-25 billion and made 500 million loss last year.....how do you make any money?. But this is what happened during the 1999/2000 tech crash with people buying without looking closely, another fail is twitter with similar problems. It feels like history repeating itself in a sense in a way that these gimmick apps/websites promise a lot more to society then they actually deliver and as a investor very little in return. In particular which I'm not too sure about the similarities but Bush lost the popular vote but won the college vote which is the same for Trump but also after Bush won soon afterwards I there was the tech crash.
Read this SMH article a while ago...hope it makes sense its more to do with unlisted tech shares but it is a lot harder to pull your money out during a rout with unlisted shares then listed Nasdaq shares. I was also add the NASDAW Bio Index which has some wild valuations and no P/e shares valued quite high $100+++. With the US fed loose monetary policy with low interest rates it has created a bubble with tech shares, Biotech shares and with the rise of protectionism worldwide it does actually effect the US corporations. With reduction in tax in will only benefit the wealth elite. Have a look at Theranos a Bio Tech company caught out for fraud....and its technology there is a start.
Figure how much have you ever bought from advertising on Facebook not much, probably checked out a few movies and I do notice not many people posting any more on Facebook its more like a junk notice board fest. If you have time though get your hands on a copy of the PBS documentary Generation Like and I'll add a few key documentaries which I believe contributed to my choice of Trump winning the election its really about income inequality. The rise of protectionism is really to do with those left behind by technology and wealth inequality.
Read in the AFR last weekend about the perpetrators of the GFC never were penalised and are just back to there old ways but the issue is really to do with the US is the wealth inequality. Instead of home loans the next credit problem lies with student loans and car loans. Which is evident by the ZeroHedge article you posted and the market watch which I posted.
Extract read the rest.
Crazy valuations for untested companies. Fortunes minted overnight. Promises of new technologies that will transform whole industries. To anyone who remembers the dotcom bubble of 1999 and 2000, that will all have a familiar ring to it - and they should be able to recognise the signs that something similar is happening now.
(20min delay)
