Excerpted from John Hussman's Weekly Market Comment,
Market valuations, on these measures, presently approach or exceed the 1929 and 2000 extremes, placing U.S. equity market valuations at the most offensive levels in history.
2 dead Saudi princes, dozens arrested, billionaires' assets frozen, and John McCain calling the tax deal "DOA" - B-T-F-Record-Highs!!
Two months after Tesla lost its head of business development who wished to "spend more time with his family", shortly after the EV company's veteran battery technology director also unexpectedly quit (full list at the bottom of this article), and just weeks after Tesla decided to even out the ranks on the bottom as well, and fired "hundreds of workers" this week, including engineers, managers and factory workers even as the company struggles to expand its manufacturing and product line, the senior management exodus at Tesla has continued with the director of battery engineering leaving the
Dear Justin Trudeau: Selfies Won't Cut It
Written by Peter Diekmeyer, Sprott Money News
When Justin Trudeau took office as Prime Minister two years ago, he also took on the Minister of Youth portfolio. It was a tough assignment, atop a government infrastructure designed from its core to disregard the interests of Canadian youth.
For some context on the unprecedented dominance of the tech sector on the overall market, here is some perspective from BofA's Savita Subramanian on October returns, when Tech continued to lead the other ten sectors, generating +7.8% on a total return basis. This translates into a whopping 75% of the S&P 500's return last month!