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EN590 Commodities GroupMarket Analysis 2026-06-27T08:00:00+00:00
Steve Eisman has a simple way to explain why SpaceX is the most absurd stock in America: its revenues are roughly equal to those of the company that makes Froot Loops. The difference? Nobody is valuing Kellogg's at 100x revenue. If you'll recall, Eisman identified that a housing bubble was building in 2006 and 2007, fueled by an explosion in the issuance of "teaser-rate," sub-prime mortgages, and that a crash was imminent. He famously seized the moment by shorting the home-loan market big time, a move that greatly profited both the trader and his firm FrontPoint Partners, a subsidiary ofMorgan Stanley. Michael Lewis made Eisman a Wall Street legend by chronicling his exploits in his 2010 bestsellerThe Big Short. In the 2015 film version, Steve Carrell played the famously cranky, contrarian
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.