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Irvin Mermelstein

Joined: 23/03/20


Comments by Irvin Mermelstein
Watch Now: Here's What Will Move Markets This Week - August 2 (Video) Aug 02, 2020 7:33PM ET
Non farm payroll numbers forJuly (release date 8/7) down from June. June actual, +4.8 k. July projected +1600k. Exactly down two thirds, projected. Not consistent with Trump's V shaped recovery. Hiring shouid have been up. Last week showed the market is regaining its normal response to bad job numbers.
The S&P 500 Upleg Is Getting Underway Jul 31, 2020 11:14PM ET
There Russell 2000 and the Midcap 400 both down today. Shorted both, made money. Futures all opened down. The late afternoon pop was FOMO buyers and short covering for positions traders wouldn't hold over the weekend. Most charitable interpretation is that this was a quick relief rally before stocks continue their downtrend.
Nasdaq Jul 31, 2020 1:05PM ET
Bears are the only traders with their heads screwed on tight.
Nasdaq Jul 31, 2020 1:03PM ET
Today was sell on the news. No earnings for the big tech stocks to look forward to for a while.
Precious Metals Warn Of Increased Volatility Ahead Jul 30, 2020 5:16PM ET
Chris, Palladium prices reflect expectations of increased auto manufacturing, as its primary use is in catalytic converters. The fall in prices the last few days may represent a more sober take on the market and the economy than unsophisticated investors, who drove the market off its lows because GDP contracted over 8% in one quarter. That itself shows adangerous disconnect between the outlook of Robinhood investors n the US and all the other investors in the world. In March, all metals fell during the crash because once panic sellng starts, people just want to get out and they sell everything.
Eastman Kodak Is Picture Perfect Jul 29, 2020 7:08PM ET
Yum. Some incredible shorting opportunities from the market in a bubble. All that happened is that a camera company got almost a billion dollar bailout to go into the drug business.
Making Sense Of The Short-Term S&P 500 Chop Jul 28, 2020 3:58PM ET
Please elucidate. Not sure what a "gently bullish bias" is. Please elucidate. Not sure what a "gently bullish bias" is.
Making Sense Of The Short-Term S&P 500 Chop Jul 28, 2020 3:54PM ET
This isn't temporary, Monica. Why lead people on?
Kodak, Once a Photography Bet, Now Soaring as a Drug Maker Jul 28, 2020 3:51PM ET
What do you know about it?
Kodak, Once a Photography Bet, Now Soaring as a Drug Maker Jul 28, 2020 3:50PM ET
Kodak, not a drug company, gets almost a billion dollars to make drugs.
Dow Trickles Lower as Earnings Deluge Fails to Delight Bulls Jul 28, 2020 3:47PM ET
Long way down from here. Thanks Robinhood!
Dow Ends Higher as Big Tech Delivers Boost Ahead of Earnings Jul 27, 2020 8:37PM ET
Buying on the rumor. No doubt there will be more than one earnings miss and mote than a few less-than-stellar meets and beats. Remember, even great earnings by Tesla last week sent the stock down sharply, mostly from selling on the news. Some stocks on my list are falling whether the market is up or down.
Trump files new challenge to NY subpoena for his tax returns Jul 27, 2020 7:04PM ET
Now we know that Trump will not comply with an Order of the Supreme Court.
Hanna pummels Texas coast with strong winds, heavy rain Jul 26, 2020 11:32PM ET
MJ Hegar is going to kick Cornyn's ******** The public is in a mood to throw out incumbents all over.
Moderna gets further $472 million U.S. award for coronavirus vaccine development Jul 26, 2020 11:29PM ET
Yep. That's it. That there s revolution happening in the streets is of no cncern to the market.
Moderna gets further $472 million U.S. award for coronavirus vaccine development Jul 26, 2020 11:28PM ET
This is just what happened with Pfizer last week. All that happened was that Trump cut a check to drug company to buy 100 million doses of a non-existent vaccine. Pure, simple market manipulation.
Pentagon, Lynas sign contract to kick off design work for U.S. rare earths facility Jul 26, 2020 7:52PM ET
Market goes up 3000 points on this news of a contract "to begin initial design work for its heavy rare earth separation facility in Texas that the Pentagon is providing initial funding for." Additional 1000 points for ending sentence with a dangling participle.
S&P 500, Dow rise on optimism over earnings reports, stimulus Jul 21, 2020 1:38PM ET
These articles are insulting and amount to rank collaboration with Trump. If not before, this market will crash after Election Day. Its Trump's market, completely. Without Trump, this market wouid be in the toilet, where it belongs.I can wait for a new government.
Since Friday, Small Caps Have Exploded. But Based On What? Jul 17, 2020 1:31AM ET
Totally crazy, I agree.
Where did all the bulls go? Rallies stall as EU summit begins Jul 17, 2020 1:29AM ET
From Business Insider, the world's most accurate predictor of market movements, Christophe Baraud, says correction (10 percent minimum) due from August to November: https://markets.businessinsider.com/news/stocks/economic-outlook-forecaster-us-recovery-unlikely-stock-correction-christophe-barraud-2020-7-1029366890 Some real news, not this hokum. He also says the market is distorted because of the dominance of "retail investors" and hedge funds. Don't trust this market until it shows signs of panic selling.
Dow Snaps 4-Day Win Streak as Tech Stumble Offsets Upbeat Earnings Jul 16, 2020 6:15PM ET
The news articles here coukd be written by Dan Scavino. A bunch of Trump propaganda about a thriving stock market. There is nothing new under the sun in the stock market. This isn't a magic market. It's the sickest rally in history. Your average Joe looks at the unemployment rate and the Dow as his two metrics for the health of the economy. Trump lies to Average Joe about both. Even Cramer is calling this a bubble with about two weeks to go. Anyone still going long in this market in ANY stock will soon see that when the panic selling starts, everything goes down and down. TSLA was $374 in late March and was too expensive then.
Dow Eases From Highs, but Positive Vaccine News Keeps Reopening Trade Alive Jul 15, 2020 3:39PM ET
What stock positions does this author have?
Tesla Market Cap Approaching $300 Billion Jul 13, 2020 5:28PM ET
Tesla was $374 at the bottom in March. Many down days ahead for shorting.
S&P Slashes Gains to End Lower as California Shutdown Triggers Tech U-Turn Jul 13, 2020 5:23PM ET
Tomorrow: US Stocks Down After Asia Stocks Fall After US Stocks FallWed: US Stocks Soar on Quick Recovery Hopes