Live Breaking News & Updates on Tom marsico

Stay informed with the latest breaking news from Tom marsico on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Tom marsico and stay connected to the pulse of your community

Christie's Sold More Than $2 Billion Worth of Art in New York, but Its 20th and 21st Century Auctions Had Major Disappointments

A De Kooning, estimated in excess of $35 million, failed to find a buyer, and several works were withdrawn before the auctions started.

Miami , Florida , United-states , New-york , Denver , Colorado , Jewish-museum , Belgium , American , Belgian , Mark-grotjahn , Brett-gorvy

Kass: Speculation Has Been Taken To An Interplanetary Level


star managers can be harmful to your investment well being. 
And that certainly could apply to Cathie Wood's ARK Invest (ARKK) - who is increasingly looking like a toxic cocktail of Tom Marsico, Kevin Landis, and the Munder Net Net Fund. (See today's Wall Street Journal Heard on the Street column.  
For many months/years the financial media has idolized, without many (or really any) questions or skepticism, the leading money managers and leading speculative stocks (notably of a SPAC-kind). 
Fawning, exaggerated flattery and "
made for TV financial superstars who, to paraphrase my Grandma Koufax... 
doesn't 
know shit from shinola. Case in point was the CNBC panelist who yesterday possessed, with an abundance of hubris, a new definition of inflation that was so whacky and uninformed I will not repeat what he said again.

China , Chinese , Cathie-wood , Elon-musk , Indian-ocean , Kevin-landis , Chamath-palihapitiya , Tom-marsico , Munder-net-fund , Spacex , Dont-stop , Munder-net

Kass: Speculation Has Reached an Interplanetary Level


Kass: Speculation Has Reached an Interplanetary Level
Equities are not going to the moon - the majority of stocks, including the high beta/octane kind, are now falling dangerously back through the atmosphere.
Stocks quotes in this article:
ARKK
Once again, history rhymes. 
"Yolo" investing - you only live once - has been heartedly embraced and even romanticized by too many these days - and, tacitly, that includes the media's endorsements.
 
The failure to temper and provide warnings of the market's uber speculative cycles are a repeated market feature.
"Workin' hard to get my fill
Everybody wants a thrill
Just one more time

China , Chinese , Cathie-wood , Kevin-landis , Chamath-palihapitiya , Tom-marsico , Munder-net-fund , Spacex , Dont-stop , Munder-net , Wall-street-journal-heard , Grandma-koufax

Canaco Resources (CAN), MicroStrategy (MSTR), Tesla Motors (TSLA) - Why Doug Kass Says ARK Invest Unwind A 'Bona Fide Market Risk Now'


ARK Innovation ETF (NYSE:ARKK) down nearly 12% at one point before the market stabilized.
Yet the ARKK fund is now down more than 14% from its February high in less than two weeks, and Seabreeze Partners Management president and ARKK short seller Doug Kass says the worst may be yet to come.
Kass Sees Risk: On Tuesday, Kass said ARK fund manager Cathie Wood has been overly aggressive in investing in overvalued, momentum-driven story stocks.
The explosion in ARK’s assets under management, including $20 billion in inflows in the last three weeks, has now created an extremely risky situation, he said. 

Cathie-wood , Kevin-landi , Doug-kass , Tom-marsico-janus , Microstrategy-incorporated , Canaan-inc , Riot-blockchain-inc , Gerry-tsai-manhattan-fund , Congress-needed-to-dig-deeper , Ryan-jacob-internet-fund , Tesla-inc , Seabreeze-partners-management

Kass: Might This Be the Last Poker Table?


Kass: Might This Be the Last Poker Table?
When the seats are all inhabited by the sharks, they soon start to devour each other.
Stocks quotes in this article:
GME,
ARKK,
TSLA
"(as Denethor runs by) So passes Denethor, son of Ecthelion"
"That reminds Doug Kass of Seabreeze Partners of the once-hot funds, such as the former Janus Twenty. "In every stock market cycle there is a dominant investor who captures the market's zeitgeist by incorporating and reflecting the ideas and beliefs of the times,"
- Barron's, Up and Down Wall Street
(
Today's Stock Mania Differs From 1999's, but That Might Not Matter)

Charlie-bilello , Cathie-wood , Jamie-powell , Warren-buffett , Kevin-landi , Doug-kass , Tom-marsico-janus , Gerry-tsai-manhattan-fund , Ryan-jacob-internet-fund , Nasdaq , Seabreeze-partners , Down-wall-street

The Daily Chase: Reddit rally continues; Big Tech sounds cautious note


The Daily Chase: Reddit rally continues; Big Tech sounds cautious note
GameStop is still grabbing the world’s attention and the situation can turn on a dime. Its shares – along with others that have ve been swept up in the Reddit frenzy – were initially under pressure in pre-market trading this morning; then, all of a sudden, they were up more than 20 per cent. . As that was playing out, Jon Erlichman had a can’t-miss interview with the originator of the playground where all the hysteria is playing out. WallStreetBets Founder Jaime Rogozinski explained why fundamentals don’t even matter for the subreddit’s users. Check it out here if you missed it live.  

United-states , Canada , White-house , District-of-columbia , Canadian , Ehren-cory , Jaime-rogozinski , Catherine-mckenna , Doron-barness , Joe-biden , Tom-marsico , Elon-musk