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Amazingly SMCI was actually up on a day when IWM was down 4+%. SMCI is a stock rocket. I noticed the QQQ bottomed at -3% from yesterday's high. The exact same percentage as the last sell off.

Yeah I don't know what the sell side analysts that come on BubbleVision are smoking. 6 rate cuts was really ludicrous. I doubt there will be any rate cuts this year, I mean Powell might have to raise rates again if we keep seeing these numbers. I've said this before there is huge labor shortage...

I guess Icahn didn't learn his lesson after destroying TWA. He wants to kill Jet Blu as well. Bluestar Airlines.

I think the GBTC expense ratio is about 2.5% so it seems to make sense for investors to go to something cheaper. I remember watching an interview with the head of Greyscale and he touted liquidity as a reason to stick with GBTC. That seems dubious now.

NVDA has a greater market cap than (Sc)Amazon. Amazing.

BMR has a history 1 day pumps and 6 months of dumps. Wait for the 3 day rule on microcaps.

I guess they're trying to replicate Nick Leeson's disaster at Barings.

Of course banks like Bank of America didn't need the loans at the time but eventually when the reality of their Merril Lynch buy that had all kinds of toxic assets on their books they needed the money. I think they received like $30 billion in total but even that wasn't enough to cover the...

The reason is the Ghost of Arthur Burns looms over Powell's head. If he starts cutting and inflation comes back he will be excoriated in front of Congress.

It just comes down to the fact that no one wants to take loses anymore. Here in the US they perversely cheer higher real estate prices but all it does is create more unaffordability & homelessness. Its a clown's world here in the US. Its even worse in Canada & Australia.

Dimon is just another Wall Street scammer who benefited from TARP and eventually the US government hedge funds to clear out junk mortgages aka Maiden Lane I & II. I'm sure the Feds are already working on backstopping the coming CRE collapse. More Maiden Lane entities to gobble them up & continue...

SPY is not the driver it is the QQQ with its big tech & Semiconductor stocks. It always amazes me that people keep advocating for SPY when it constantly underperforms the QQQ & SMH. Only in down markets does SPY overperform and that is mainly because of stodgy value companies. In a down market...

Most of these technologies are pretty far away. FSD, eVTOL, etc. require too much integration but I guess if it happens those companies will do well. I was thinking of these Quantum computer stocks that have done well when they finally got a usable product. Its interesting that most of these...

I think the 1990-2016 period in Japan was basically a modern Depression papered over by low rates & savings to prop up the failing institutions. In the 1930s FDR's solution was to radically remake the regulatory environment for the failing financial & real estate markets. He also used price...

Amazing that credit card grew by 4.4% in 3 months and looks like the masses have wised up to the higher education scam and only increased student loans by 0.125%.

This market does seem unstoppable but it is just sentiment driven. As long as everything aligns correctly it will keep going up. Feb 21 seems like an important date but I doubt it will do anything to end the rally. I mean AMD earnings were so so but it didn't really go down much. Of course...

No. Nobody is catching nVidia any time soon. AMD can't even catch up to nVidia's gaming graphics cards. The AMD Radeon cards are always a step behind and frankly there is never enough stock to buy. Since the explosion in performance that came out during the nVidia RTX 2080 Ti cycle AMD has done...

Well China is about go into a depression a la 1930s so that shouldn't be a surprise. Real estate crash + stock market crash = depression every time. Chinese market has been making lower lows & lower highs since 2007.

Its just a matter of time before FDIC takes it over, maybe this weekend. Looks like the Signature Bank assets they bought were toxic after all.

Good movie (Rogue Trader 1999) with Ewan McGregor.