SEC charges on FTX
“From the inception of FTX, Bankman-Fried diverted FTX customer funds to Alameda, and he continued to do so until FTX’s collapse in November 2022.”
— Laura Shin (@laurashin) December 13, 2022
— Laura Shin (@laurashin) December 13, 2022
— Laura Shin (@laurashin) December 13, 2022
— Laura Shin (@laurashin) December 13, 2022
Getting Theranos flashbacks (Holmes’s conviction was based on misrepresentations made to investors) pic.twitter.com/rdIqRJL1KV
— Laura Shin (@laurashin) December 13, 2022
— Laura Shin (@laurashin) December 13, 2022
— Laura Shin (@laurashin) December 13, 2022
— Laura Shin (@laurashin) December 13, 2022
Prosecutors — is this typical, and when this demand is made, is it typically granted? It’s basically saying they think no plea deal should be granted? @katie_haun @ARedbord @TuongvyLe12 pic.twitter.com/WZ9G019auU
— Laura Shin (@laurashin) December 13, 2022
CMS leaks the opening testimony of John J Ray III ahead of tomorrow’s FTX-related congressional hearing
CMS leaks the opening testimony of John J Ray III ahead of tomorrow's FTX related congressional hearing. https://t.co/kJfYG0eKME
— Autism Capital ? (@AutismCapital) December 12, 2022
— Autism Capital ? (@AutismCapital) December 12, 2022
— Autism Capital ? (@AutismCapital) December 12, 2022
— Autism Capital ? (@AutismCapital) December 12, 2022
— Autism Capital ? (@AutismCapital) December 12, 2022
We used the word leak incorrectly. It is not a leak. It is public information. Forgive our transgression. We will self-flagellate in repentance.
— Autism Capital ? (@AutismCapital) December 12, 2022
7 charts showing the deep and irrational fear in the market today and what it means for investors
Peak fear in the market.
— Charles Edwards (@caprioleio) December 12, 2022
7 charts showing the deep and irrational fear in the market today and what it means for investors.
Remember: it's always darkest before the dawn. pic.twitter.com/LZ1eUWVsDg
1/ We have the second worst AAII sentiment ever. The last time individual investors were this bearish was 1990. That was the bottom and start of a huge 10 year bull run. pic.twitter.com/yU3ITHqtyN
— Charles Edwards (@caprioleio) December 12, 2022
2/ The oldest survey of macroeconomic forecasts in the US shows that economists are more bearish today than ever before. The level of fear is twice that of 2008. pic.twitter.com/FhruwKbeF1
— Charles Edwards (@caprioleio) December 12, 2022
3/ European market sentiment is at the second worst level ever, matched only by the depths of the 2008 crisis. pic.twitter.com/EVi0Oqh1VR
— Charles Edwards (@caprioleio) December 12, 2022
4/ Record equities downgrades. Wall street analysts have been incredibly bearish on price targets… until now.
— Charles Edwards (@caprioleio) December 12, 2022
H/T @GameofTrades_ pic.twitter.com/pzbrg6v0pt
5/ The US equity options Put/Call ratio just hit a twenty-year high. The market has taken out a huge amount of downside insurance.
— Charles Edwards (@caprioleio) December 12, 2022
H/T @RaoulGMI pic.twitter.com/hRN8kFWCWk
6/ The US Investor Intelligence survey is a reflection of the recommendations of over 130 independent
— Charles Edwards (@caprioleio) December 12, 2022
stock market editors. This has been a great counter indicator since 1963. The survey shows peak bearishness and is comparable with prior bottoms.
H/T @RaoulGMI pic.twitter.com/uamAPEsdom
7/ Michigan consumer sentiment (MSCI) survey covers how consumers feel about the economy, personal finances, business and buying conditions. It just hit an all-time-low since publications started in 1952. As the gray lines show – consumers are bad forecasters. pic.twitter.com/Snh6iRscDu
— Charles Edwards (@caprioleio) December 12, 2022
✅ Individual investors 2nd most bearish ever
— Charles Edwards (@caprioleio) December 12, 2022
✅ Economists most bearish ever
✅ Europeans 2nd most bearish ever
✅ Price target downgrades most bearish ever
✅ Institutions 2nd most hedged ever
✅ Investment editors 4th most bearish ever
✅ Consumer sentiment most bearish ever
What does it matter?
— Charles Edwards (@caprioleio) December 12, 2022
Counter-trading sentiment has been a very effective strategy. People tend to be most bearish and irrational at the bottom. This is the reasoning behind the legendary quote by one of the greatest investors ever:
– "buy when there's blood on the street."
