Bezos Drops $80 Million On New York Condos In "Priciest Deal Ever South Of 42nd Street"
Newly single Jeff Bezos, the world's richest man, is finalizing the purchase of three New York apartments in a deal that's valued at about $80 million, which would make it the priciest ever to close south of 42nd Street. It'll also be the second largest deal this year in New York, second only to Ken Griffin's $240 million penthouse purchase at 220 Central Park South.
Bezos will be purchasing a penthouse and the two units directly underneath it at 212 Fifth Avenue, near Madison Square Park. The main penthouse is three floors on its own, inclusive of a private elevator and several large terraces. When Bezos combines the units, they would total more than 17,000 square feet, sporting 12 bedrooms.
The building dates back to 1912 and was originally used for manufacturing. It was converted into condos in 2015 and was developed in a partnership with Madison Equities, Building and Land Technology and Thor Equities. Despite being considered luxury, the building "is not known for its flashiness", according to the report.
The penthouse was most recently listed at $58 million, but that appears to be a price reduction from the 2017 listing price of $73.8 million. The other two units sold collectively for "ony" $28.45 million.
This deal comes about four months after Amazon decided not to build its headquarters in New York as a result of socialists not understanding the tenets of basic economics a harsh political climate and just months after Bezos' high profile divorce. Post-divorce, Bezos' net worth has been pegged at about $106 billion.
Bezos had been looking for a home in New York for months and was previously considering the penthouse at the XI in West Chelsea. Those involved with the search for Bezos' new home were required to sign nondisclosure agreements.
We'll eagerly await Alexandria Ocasio-Cortez's comments trying to oust Bezos from his new home because his $80 million would have been better used to repair the New York subway system and pay teachers.
https://www.zerohedge.com/news/2019-06-04/bezos-drops-80-million-new-york-condo-priciest-deal-ever-south-42nd-street
US Market report
You shorts not doing so well today-just be careful and be selective-
Some Headlines:
SEC sues messaging app Kik for its $100 million cryptocurrency offering
https://www.cnbc.com/2019/06/04/sec-sues-messaging-app-kik-for-its-100-million-cryptocurrency-offering.html
Every clothing store stock is down for the past month
https://www.marketwatch.com/story/every-clothing-store-stock-is-down-for-the-past-month–mitch-nolen-2019-06-03?
Dollar Dumps, Yields Jump On Biggest Stock Short-Squeeze In 5 Months
Chinese stocks were weak overnight, led to the downside by the tech-heavy Shenzhen Composite.
Europe is doing the exact opposite again - soaring for the second day in a row..
they have bigger problems than we do.
Nasdaq managed to get back to even, erasing yesterday's tech wreck…Trannies soared over 3.5% today, Small Caps up almost 3%!! And the late-day melt-up sent S&P back above 2800. The Dow ended the day up 511 points!
PURE UNADULTERATED PANIC-THE POTUS PUT
And just like that the S&P 500 retakes 2800.
S&P pushed back above the 200DMA.
This is the best day for stocks in 5 months, on the back of the biggest short-squeeze since the first week of 2019.
for sure it was a squeeze but short-squeeze's rarely keep the momentum up and usually fall back on themselves.
Volume was below average.
NOW YOU MENTION THIS.
Financials spiked most in 5 months, but struggled to break resistance from last week…
This should tell you something that these bloated things can't breakout on a day like today.
Treasury yields surged on the day, with 30Y notably under-performing and running higher (in yield) on the week.
Expected with yesterdays action-the technicians are back in with today's action.
Rather oddly, the dollar was weak as market-implied rate-change expectations shifted more hawkishly, despite all the chatter from various Fed heads…
But rate-cut expectations for September have soared to 89%!!! (NOTE: in early November, the market was 89% sure that The Fed would be hiking rates in September).
PEPE TOLD YOU WALL STREET IDIOTS THIS WAS GOING TO HABBEN WEEKS AGO AND YOU JUST START POSITIONING FOR IT MONDAY MORNING??-FIRED ALL OF YOU.
See Cap#3
All cryptos extended overnight losses…
Commodities were all higher today as the dollar dropped.
Gold managed to hold on to gains (in USD and CNY) amid all the chaos today…
This a follow-on of the spec positions taken out on friday's close-qtr ended.
Oil also gained on the day amid the dollar dump (ahead of tonight's inventory data)…
'''This should change if the expected increase, at least by pepe, shows up.
And finally this has to be mentioned….
This priceless headline featuring the biggest douchebag on/in Wall Street.
Jim Cramer: Trump’s looking more like Obama, and the market’s paying for it
https://www.marketwatch.com/story/jim-cramer-trumps-looking-more-like-obama-and-the-markets-paying-for-it-2019-06-04
HOW DOES IT FEEL TO BE BEATEN BY A FROG JIMMY BOY?
https://www.zerohedge.com/news/2019-06-04/dollar-dumps-yields-jump-biggest-stock-short-squeeze-5-months
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
Eli Lilly VP sold $1.86m in shares-June 3rd
Logo Eli Lilly and Company
Eli Lilly and Company is one of the world's leading pharmaceutical groups. Net sales break down by therapeutic field as follows:
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endocrinology (47.6%): products for treating osteoporosis, diabetes, and growth problems;
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oncology (17.4%);
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veterinary medicine (12.8%);
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cardiovascular diseases (9.2%);
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neurology (7.4%): primarily drugs used in treating depression and schizophrenia;
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immunology diseases (4.6%);
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other (1%).
Net sales are distributed geographically as follows: the United States (56.5%), Europe (17.2%), Japan (10.2%) and other (16.1%).
https://www.marketscreener.com/ELI-LILLY-AND-COMPANY-13401/company/
https://www.secform4.com/insider-trading/59478.htm
I was speaking to the rate cut with the speculations/predictions you are referencing. Don't like to get into the business of saying what will or will not habben with equity direction. Let's just say it's not 1815 again when Napolean escaped Elba and the rothy family withheld the information and let the gov't bond market tank…then scooped it up on the cheap.
See this:
On June 18th, 74,000 French troops led by Napoleon, sizing up to meet 67,000 British and other European Troops 200 miles NE of Paris.
Nathan Rothschild knowing that information is power stationed his trusted agent named Rothworth near the battlefield. As soon as the battle was over Rothworth quickly returned to London, delivering the news to Rothschild 24 hours ahead of Wellington's courier. A victory by Napoleon would have devastated Britain's financial system. Nathan stationed himself in his usual place next to an ancient pillar in the stock market. Knowing he would be observed he hung his head and began openly to sell huge numbers of British Government Bonds. Believing this to mean that Napoleon must have won, everyone started to sell their British Bonds as well. The bottom fell out of the market. Rothschild had his agents buying up all the hugely devalued bonds.
https://www.mindcontagion.org/banking/hb1815.html
That is what habbened.
This will NOT habben again.
That's about as far as I can take it.
not in the prediction biz anon. You must do your own research and make own decisions.
focus on company's that do things as you mentioned: building materials, large scale mfg, steel, stuff that was so suppressed because of th eloss of using it. Stay away from bullshit like discretionary consumer goods. Spending tax coming s….
one moar thing. The task of separating the wheat from the chaff in the mkts is monumental. Some of these are so bloated with black money-at least the rresults they have achieved-tech mostly but not all- it is a grand job to do this. I can't even come up with a real value of gold and silver with all the unknowns in that area let alone figure out how the process of sifting and sorting all the crap thrown at the banks and tech stocks to get them where they are. Stick with what was mentioned by you and the stuff that has been beaten down for no other reason than it was being phased out as part of "that" plan.
Just be careful.