NY Times Bestselling Author, over 1 million copies sold, now published in 12 languages globally. Long-time @CNBC Contributor, founder of the @BearTrapsReport
New York, NY
Joined March 2009
- Tweets91.8K
- Following13.9K
- Followers145K
- Likes25.9K
Pinned Tweet
Got Hard Assets?
It's Happening - Financial Repression
Breaking - LONG-TERM US YIELDS DROP ON TREASURY PLANS TO BOOST BUYBACKS - Bloomberg
The Buy high - SELL low crowd...
MARKET MOVERS
🔴 DOWNGRADES
$NVDA: Downgraded to Market Perform by Bernstein SocGen Group; PT cut to $200 from $400
$NVDA: Downgraded to Perform by Oppenheimer; PT withdrawn
$NVDA: Downgraded to Market Perform by William Blair
$NVDA: Downgraded to In Line by Evercore ISI; PT lowered to $186
📉 PRICE TARGET CUT
$NVDA: PT cut to $205 from $315 by Stifel
$NVDA: PT cut to $225 from $285 by Citi
$NVDA: PT cut to $230 from $330 by RBC Capital
$NVDA: PT cut to $280 from $350 by BofA Securities
$NVDA: PT cut to $225 from $300 by Yorkville Ives
🔵 RATING REITERATIONS
$NVDA: Outperform reiterated by Mizuho; PT $250
$NVDA: Buy reiterated by UBS; PT $300
$NVDA: Strong Buy reiterated by Raymond James; PT $515
$NVDA: Overweight reiterated by Piper Sandler; PT $300
Apple - is the beloved "AI safe haven" at 11x sales.
*From 2009-2019, $AAPL traded at 2x to 5x sales; Buffett just dumped 773 million shares of the iPhone maker.
**Nvidia 33% off sale - Apple at an all-time high. Has never happened; top 2 stocks in the S&P 500.
Rotation: $1T wiped from NVDA since Oct. 29. Anthropic’s $1.4T IPO lands the same week. Rubio warned Trump about Huang’s MSS-linked affair back in spring — briefed him on AF1 in May. Ignored for months. Now it’s front page. How Convenient.
Corp Gov Alert - Sounds like the Lehman Brothers board: Dina Merrill, former Hollywood actress, 82 years young in 2008.
*Central Bank of Nvidia - This board is overseeing nearly $1T of the most complex financial derivatives, leveraged equity, and debt commitments on Earth.
With backgrounds ranging from running Taco Bell’s international operations to academic research involving jellyfish, the Nvidia board are deliberating whether to retain the only person ever to have run Nvidia or fire an executive who has commanded widespread respect and overseen a more than 700,000% surge in the company’s share price.
bloomberg.com/news/articles/…
.@andrewrsorkin and @convertbond discuss here - 8% of S&P 500, 8% of most 401k's - corporate governance, high ALERT.
cnbc.com/video/2026/11/09/be…
@BeckyQuick @tomkeene @FerroTV @SullyCNBC @SaraEisen @TheJudgeCNBC
4
2,667
Sell side “analysts” - buy at the highs near 30x sales, price target $400,” sell at the lows near 12x sales, “price target $200.”
“We’ve had enough.”
Nvidia gets its second downgrade of the day, this time from Bernstein, as the crisis surrounding CEO Jensen Huang deepens.
Analyst Stacy Rasgon (@Srasgon / @BernsteinRasgon) warns the full extent of the scandal may not yet be known, slashing his price target in half from $400 to $200.
Shares were down 8% after hours.
Passive Investing is Broken
Top 2 Stocks S&P 500 composition:
2026: 15.3%*
2016: 5.2%**
*Nvidia + Apple
**Apple + Microsoft
Hubris + Testosterone =
Here’s @CGasparino on the “reckless” Nvidia CEO Jensen Huang’s alleged spy affair: “he's going to resign.”
The Fed just paused rate hikes while expanding its balance sheet, with core PCE (inflation) yoy running at 3.1% vs. 1.5% in 2019. It has been above the central bank's beloved (sarcasm) 2% target since March 2021; facts are facts.
*Bloomberg terminal data.
As $1.4T leaves Nvidia $NVDA — it’s being shoehorned into Apple $AAPL at an 11x sales valuation- lunacy on roids.
Is the S&P 500 broken? Larry McDonald warns that extreme market concentration in top tech stocks is dangerous. It is time to rethink your exposure. Reach out to info@thebeartrapsreport.com to connect. #SP500 #Investing #AI #StockMarket
Nvidia $NVDA, a $5T company, is down -31% in 19 trading days, that's a crash, think 1987.
In 45 Days, we have a 50% off sale. Anything to get it out the door...
*ANTHROPIC TARGETS ABOUT $1 TRILLION MARKET VALUE IN NASDAQ IPO
$CENX up 9% today - hard assets, AI infrastructure.
Special thanks 🙏 to @BeckyQuick and @andrewrsorkin
"There's so many great values that are going to benefit from AI," says Larry McDonald of @BearTrapsReport on investing in oil, gas & aluminum assets. cnb.cx/4AkcMxO
Spot on @RickRieder - yet again.
NOT a vote of confidence here --
"Berkshire purchased $2.3 billion in equities in Q3 and sold $2.8 billion."
Via @DrDavidKass
HIGH impact -- Where is the trade? Special thanks to Gary and his team for having us on the show this week- a must-follow @GaryBohm5