BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: August 23, 2017
Bubba Maintains $40 Target on Crude Oil
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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.