Today’s clown-show starring AG Sessions and the Senate will distract enough people to cause the market to do very little. Also, and I think this is important to note, the tech wreck isn’t finished. Nasdaq futures are up 22, but I expect those gains to be lost within the first hour of trading. If I’m right about the tone and character of this tape, expect the reversal to crush the spirits of the faggot dip buyers — kicking them and their GOOGL filled portfolios into the sea for good.
Gold is down. Copper is down. Oil is down.
Bitcoins continue to get crushed, now lower by 4%. And, all the while, bond yields are holding firm at 2.21%. What in the fuck is going on here?
Will everyone go back to ‘normal’ and buy a boatload of NVDA today? Or, will the cynics tell the market to ‘fuck off’ and begin the summer unwind, in earnest, dashing all of the hopes and dreams of retarded traders who are trading 3x upside ETFs in a margin account?
I’m betting on natural selection.
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Your NVDA rants remind me of AMZN bears when the stock was around 200.
Yeah, it’s the same thing. Good discussion.
It really is. “Valuation” got thrown around a lot then too.
Prove it, faggot.
Are you saying NVDA has the same capabilities and disruption ability that AMZN had and still does? I’m not saying AMZN isn’t at a ridiculous valuation, but you can’t compare those two; it’s like apples to meat loaf.
Which one is meat loaf?
If this crash happens, I want to see the whole AI fad go away and NVDA with it. Takes alot more than 10,000 plastic toy graphics cards in one room to create it. One of the many reasons why this bubble is so big.