Barstool’s Dave Portnoy Leads Army of New Traders into Stock Market
As markets surge inexplicably higher there’s a new ‘master of the universe’ in town. This is a different universe indeed. Many have never heard of him until now, but the President of media-giant, Barstool Sports, has decided to focus a large portion of his considerable net worth into day-trading.
As he lambasts Buffett and the other ‘old guys’ for selling airlines and cruise lines, Dave Portnoy has gathered a cult-following while he traded six-figure P/L days. “Taking profits is for losers” he exclaims, as he continues making outsized profits in the face of hedge-fund under performance. We’re living in a new world. Read more…..
Chart Of The Day
Dr. Marc Faber of the #GloomBoomandDoomReport finds it odd, although simultaneously one of the more attractive investing opportunities most have ever seen. Dr. Faber also comments on the current Fed policy, how it’s impacting the world, and how this will all play out.