Treasury auction failed today. Remember I told you guys about this. These bond auctions are controlling the stocks.
Here is the canary in the coal mine-- Banks are doing leverage madness with these bonds and for now they are probably ok but maybe not....
I am having a meeting soon at the HF and I am bringing this point up along with upcoming election and the credit worthiness of the USA-as reasons I am considering panicking. My wife wants to make it about dying, well I'm amping this lunch up a couple notches.
Dubai Airshow 2023: Archer Aviation to showcase UAE flying taxi...!! Archer Aviation to give Midnight air taxi Middle East debut at Dubai Airshow 2023 Archer Aviation to give Midnight air taxi Middle East debut at Dubai Airshow 2023 Archer Aviation will debut its UAE air taxi at the Dubai Airshow 2023. The California electric vertical takeoff and landing (eVTOL) aircraft specialist will show off the Midnight aircraft in the Middle Eastern for the first time at the Dubai Air Show from November 13 to 17.
Las Vegas Strip workers have reached tentative deals with MGM Resorts and Caesars Entertainment that not only raise wages, but also extend the so-called "recall rights" of employees. Recall rights are the rights of unionized employees to be recalled to employment within a certain period of time after they've been laid off. Under the terms of the new deal, Las Vegas Strip workers will have the right to return to their jobs in the event of another pandemic or economic crisis for up to three-years. MGM is off 0.9%, while Caesars Entertainment is down 1.6%. This is good news. Believe there another union we have to worry about. The fall out from the big 3 Auto deal is going to be felt here in the USA for along time. Serious wage inflation on the way. Companies will be paying out the wahoo.
Before anyone runs out to buy the dip on Plug Power at $4, you might want to read this little note from their 10K: In light of the Company’s projected capital expenditure and operating requirements under its current business plan, the Company is projecting that its existing cash and available for sale and equity securities will not be sufficient to fund its operations through the next twelve months from the date of issuance of this Quarterly Report on Form 10-Q. These conditions and events raise substantial doubt about the Company’s ability to continue as a going concern TED.... The Apes have their next BBBY. Watch this thing go nuts today. PLUG---> $3.95