Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Michael Burry

Market Insanity

Is GameStop Making Money?

However, GameStop makes little money from those stores. In addition, Game Stop reported an operating income of $18 million and a net income of $6.8 million on May 5, 2019. Tellingly those numbers were down from $28.2 million and $45 million on 5 May 2018.

Read More
Market Insanity

Big Short Investor predicts Index Fund Meltdown that could destroy Retirement Accounts

An index-fund bubble could be catastrophic because a large percentage of the $7.85 trillion Americans held in individual retirement accounts (IRAs) in 2017 is being invested passively. In detail, Statista estimates there was $7.85 trillion in American IRAs in 2017.

Read More