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Irvin Mermelstein

Joined: 23/03/20


Comments by Irvin Mermelstein
US 30 Futures Oct 29, 2020 10:55PM ET
too soon
Is Nasdaq About To Fall 25%? Oct 29, 2020 5:28PM ET
You know it and I know it, but RH investors don't. The market went down yesterday, and like trained pigeons, they all come in buying up airlines and TSLA.
Is Nasdaq About To Fall 25%? Oct 29, 2020 5:26PM ET
We are getting close to 9 million cases of Covid-19. More important, people are about to see what exponential growth of the pandemic looks like. The flu adds 500,000 hospitalizations to this season. I think Trump and Powell have done a great job simulating a healthy market, mostly by propping companies like Boeing propped up just to keep them out of Ch 11. Big bankruptcies cause panic selling. Before Trump started writing checks to keep the con going, the NASDAQ was at 6500. Everything from there up to 11,000 was speculation and vulnerable to correction soon.
Wall Street Opens Mixed as Market Looks Through Q3 GDP Surge; Dow Flat Oct 29, 2020 9:57AM ET
I don't believe this number. GDP grew 1/3? Why? I don't believe any numbers from the Trump administration anymore. If lying helps them, they lie.
Asia's COVID-19 control tempers global stock selloff, U.S. futures jump Oct 28, 2020 9:57PM ET
When the market is crashing, investors dump everything. Cash is all they want.
US 500 Futures Oct 28, 2020 6:55PM ET
Bernie for Ambassador to Nicaragua
Dow Bleeds on Growing Lockdown Fears Oct 28, 2020 3:13PM ET
This is the stock market, dude, not a Trump rally. If you stay long and must your shirt, don't blame Democrats. Blame yourself.
Dow Bleeds on Growing Lockdown Fears Oct 28, 2020 3:10PM ET
The worst is yet to come. We haven't had a limit down overnight yet or a 5% down day yet.Panic selling has been studied thoroughly and nothing stops it until all the buyers are gone.
Amazon Q3 Earnings: Strong Sales Growth Could Power Stock Rally Oct 28, 2020 3:03PM ET
Amazon will be more attractive at $2000.
Dow Jones Oct 28, 2020 1:54PM ET
Depends on when the real panic selling hits.
Pence staff hit by COVID-19 outbreak as Biden says Trump has surrendered to pandemic Oct 25, 2020 8:04PM ET
When Biden wins next week, the market will move higher.
Dow Slips on Intel-Led Tech Selling, No Stimulus Yet Oct 23, 2020 3:07PM ET
Stimulus before the election is dead. I wish the press would say so. Pelosi needs to stick to her guns and keep the focus on the GOP as the obstructionists.
Earnings lift shares, gains pared by U.S. election caution Oct 23, 2020 1:02AM ET
This is a RICO case that should be brought against the Trump Organization and all itsits principals. They have conducted their business through patterns of racketeering conduct under law. RICO can be prosecuted by the Feds or by NYS. NYS can indict, for my money, right after the election.
Earnings lift shares, gains pared by U.S. election caution Oct 23, 2020 12:57AM ET
You lie. Trump lies. Trumpism is fantasy.
Earnings lift shares, gains pared by U.S. election caution Oct 23, 2020 12:55AM ET
No stimulus deal before the election, though I expect the "talks" will still exist in the headlines. 538 today projected turnout of 154 million, vs 137 million in 2016. Bulwark concludes that is turnout is at this most probable level, Trump will see the biggest wipeout in at least 40 years. Debate tonight will just drive turnout higher.
Gilead's Covid-19 Drug Wins Full FDA Approval Oct 22, 2020 7:18PM ET
Gilead stock should be punished for this stunt.
Dow Bags Gain on Value Stocks; FDA Approves Gilead's Anti-Viral Drug Oct 22, 2020 7:16PM ET
Remdisivir was found to in ineffective at saving any lives by a huge WHO study--71,000 cases. This is pure politics and the SEC should look at this. Enough.
Republicans to push ahead with U.S. Supreme Court pick despite Democrats' boycott Oct 21, 2020 6:26PM ET
Court expansion is a matter of survival, not politics. More important is ending the filibuster. It isn't in the Constitution. Democrats in the majority could have 53 votes for a bill, but will need to beg the Republican minority get 60 votes to "close debate" just to get a bill to a vote. Democrats should have killed the filibuster in 2009, when they had the chance. History would have been different. My understanding is that this time they will. Watch for the look on McConnell's face when it happens and he can't do a darned thing it.
Dow Stutters as Traders Continue to Sweat on Stimulus Progress Oct 21, 2020 6:06PM ET
What's in 124 minutes?
Dow Stutters as Traders Continue to Sweat on Stimulus Progress Oct 21, 2020 5:40PM ET
Dishonest reporting. There won't be any stimulus until after the election at the earliest and probably not into Devices are in full control of Congress and the White House.You want stimulus, vote Blue 🔵.
Europe tumbles 2% on COVID curbs and Brexit impasse Oct 15, 2020 12:59AM ET
The market has been acting almost normally. It's falling on bad news.
Europe tumbles 2% on COVID curbs and Brexit impasse Oct 15, 2020 12:56AM ET
Stimulus talks faded last week. This week, they are dead until ... who knows?