New Year, Same Shit

This being my 16th year blogging at iBankcoin, I can honestly say I’ve seen it all. Today’s tape is a wholly unremarkable consideration, tech ok, energy hammered. We have seen this before, mostly a statement that the weather is better than expected and all of the doom surrounding the Ukrainian war and commodity supplies were greatly exaggerated. High beta/risk names are DOWN solidly, just like all of last year.

There is one outlier, however, and that is shares of TSLA — now down 13.6% on no news.

Did we somehow find a very cheap source of fuel and no longer require EVs? Or perhaps maybe lithium batteries causes cancer? Or perhaps the ELITE SCUM don’t like what he’s allowing on Twitter?

You be the judge.

All weekend I saw retarded articles pointing out how Musk lost most money last year than anyone before. I also read how Disney’s stock dropped most since 1974, attached with the catchy phrase “Go woke, Go Broke.”

It’s all childish and stupid.

We are most likely entering the very worst economic environ since 2002. You’d be wise to measure your enthusiasm during ALL rallies in 2023, for it shall be just as bad — IF NOT WORSE — than 2022.