All of the Chamath era stocks are pumping today, 10-50% gains in any number of piece of shit names. I will have you know, I was not fooled by these increase in prices and have staidly remained mostly cash, dabbling just a bit — but I would not consider it a foray — more of a minor expedition.
My gains stand at a respectable 0.6% for the session and I would have you know — I spit on your 5% gainers.
The plan or scheme for the balance of the session is to avoid being tricked by even more upward rising stocks and try to find any crack in the veneer, whereby I am afforded opportunity to sell short. The whole point of this recent run is to sell it down and into the ground.
True believers and permanent bulls will point towards ROBUST earnings at the banks and tell you “the war means nothing”, when in fact it means everything.
This fervor is fueled by the idea of the Fed “catching up” to the market and perhaps defeating inflation. The chief concern I have with this train of thought is they haven’t and even if they did — they would need to destroy the economy to do it. None of this is taking into the account the deleterious future which awaits warmth starved Euro-cucks and you all would be wise to heed my dire warnings of the sky, which is falling.
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The same Ukrainian/Israeli billionaire that paid Hunter and “The Big Guy” is also Zelensky’s employer/installer. So we ignorant Americans have a corrupt and controlled president who’s family was enriched by the oligarchy of the corrupt country which to which we are sending weapons and trainers while destroying our economy and risking being nuked. Whatever the Fly says on a day when he’s feeling down is not grim enough in light of the degenerate, pedophile-run, country that we have devolved into.
Sounds like you haven’t been taking your medications. Please reconsider…