23 Aug 2017

Market Break Down

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Market Break Down - The Bubba Show
Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: August 23, 2017

Bubba Maintains $40 Target on Crude Oil

Today’s show is brought to you by BarkBox, Casper, and Audible.

Today on The Bubba Show, Bubba shares his Monday night webinar where he goes over the general market conditions and talks about a few of the news events that can affect the markets. The first topic is Bubba’s Bitch session, as he discusses the senator from Missouri who wants to see Trump assassinated. Bubba wants to know why she isn’t in jail.

Next, Bubba breaks down all the markets and tells everyone that although he is bearish, he would expect a rally which is exactly what we saw on Tuesday. Bubba talks about the credit markets and how they are signaling possible failure. Bitcoin cash is next up and how wild the trade has been in the cryptocurrency.

Bubba talks China and warns about the problems that may come out of that country. Poland Springs water is next up, they are being sued for using groundwater and Bubba wants to know if anyone is surprised. Crude oil and where it’s headed has had all the attention, and Bubba is still calling for 40.00 as his target. Knowing that all the manipulation in the world won’t help.

Tesla is having trouble with their junk bond issue and Bubba asks why anyone would be surprised, they make no money. Alibaba is squeezing the shorts as the stock takes off for Pluto. Meanwhile, there is a housing bubble in Canada that is finally coming to the forefront and the Canadian banks are starting to feel the stress.

 

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.