From October 3,2011 through April 2,2012 the market has rallied nearly 30%.
Today the S&P500 index was down over 1% and 6 Exchange Traded Funds that have been resting near their 52week lows all moved up.
This morning I read Doug Kass's latest column from Real Money after finding it referenced at BusinessInsider.com.
Kass was right today and if his prediction holds true for the next several months then the best investment returns can be found in the following Short Focused Exchange Traded Funds:
ProShares UltraShort Dow30
(NYSEArca: DXD) $53.36
ProShares Short MidCap400
(NYSEArca: MYY) $27.60
ProShares Short QQQ
(NYSEArca: PSQ) $25.76
ProShares UltraShort QQQ
(NYSEArca: QID) $30.55
ProShares UltraShort S&P500
(NYSEArca: SDS) $15.60
ProShares UltraShort Russell200
(NYSEArca: TWM) $31.48
prices are as of 4/9/2012 close
Making Money When the Market Heads Lower by Thomas Renna
Thursday, February 25, 2021
Saturday, January 9, 2021
Thursday, October 22, 2020
Sports New Jersey Bayway vs The Burg Peterstown Elizabeth NJ
STORY AND PHOTO GALLERY FOR SUBSCRIBERS🔒Tommy Renna's heroics spark @SPTigerStyle to its sixth straight sectional title with thrilling win over an impressive @RFH_Wrestling team that is built for the future @SoPlfdAthletics @rfh_ad @smfalk @APPSportsDesk https://t.co/KDOagdwua7
— Greg Tufaro (@GregTufaro) February 15, 2020
Here's the day @SantilloPizza put you and me to work lol pic.twitter.com/p5Fp3WYPbE
— Tom Renna (@534FourthAve) August 9, 2019
Congratulations to Thomas Renna, the Observer SPHS Athlete of the Week for February 21, 2020! Proudly sponsored by Millco Custom Fabricators of South Plainfield. pic.twitter.com/M5JGh1LrMn
— SPObserver (@SPObserver) February 21, 2020
Linden High School Navy Junior ROTC marching in the John Basilone Parade in Raritan NJ https://t.co/sFaPS29fpy
— O'Donnell Agency (@InsuranceNJ908) August 5, 2020
Thursday, August 29, 2019
Short Pick: Beware Of Cashless Earnings.............again
— tom renna (@StockPicker908) August 29, 2019
Summary
Titan Machinery sales and profits are down dramatically from 2013.
Margins are too small for A 3rd Party Retailer to compete with Manufacturers like Caterpillar and Deere.
Lowered International Revenue Assumptions from up 10 to 15% to merely up 2 to 5%.
Beware of Cashless Earnings! Negative Operating cash for 6 months FY2021 Negative -($14 million).
Titan Machinery entire growth model through the years has simply been a roll up of mom and pops. The Consolidation story here has ended as the company has closed locations over the last 5 years. Titan is simply a cyclical stock that should only deserve maybe a PE of 6 to 10 and not trade as a teenager any longer above $13 with a PE in a range of nearly 30X.
Another Year with Insiders selling ahead of this morning's miss.
Well the good news is that CNHI has a dealership like Titan that they can ship machinery to and boost CNHI's sales. Titan doesn't mind as their assets go up on the balance sheet and most of the inventory is carried at ZERO Interest on the FloorPlan Debt. Win Win. (or is it, wink, wink)
The History of this Wall Street game can be found here https://newsgrade.blogspot.com/2018/06/titan-machinery-co-founder-is-companys.html
— tom renna (@StockPicker908) August 29, 2019
Sunday, August 11, 2019
United States Stock Market Capitalization of the 50 Largest American Companies - iWeblists
Index Dec 31, 2018 July 31, 2019 %
SP500 2506 2980 +19%
DJIA 23,327 26,864 +15%
United States Stock Market Capitalization of the 50 Largest American Companies - iWeblists
SP500 2506 2980 +19%
DJIA 23,327 26,864 +15%
United States Stock Market Capitalization of the 50 Largest American Companies - iWeblists
Closing Market Capitalization as of July31,2019
with Percentage increase since Dec 31, 2018
Closing Market Cap on December 31, 2018
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