Monday, November 23, 2015 4:20 PM EDT
I assume most of you have seen The Godfather Part II. In it, the character Hyman Roth (who is modeled after Meyer Lansky) tells MIchael Corleone, “We’re bigger than U.S. Steel” (which was actually a direct quote from Lansky regarding the mafia).
Well, times have changed. Take a look at US Steel, which today hit the lowest level of any data I can access:
The most amazing part of all? Amazon’s price rise today (to yet another lifetime high) was nearly five times the entire market cap of U.S. Steel. We live in interesting times, don’t we?
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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