See, that's your weakness, you take everything at FACE VALUE.
No I don't see you as a girl. Instead, you're just a pussy who goes apeshit once a month for no apparent reason (like a gal having her period, if you know what I mean).
Swing Trading QQQ
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No I don't see you as a girl. Instead, you're just a pussy who goes apeshit once a month for no apparent reason (like a gal having her period, if you know what I mean).
See, that's your weakness, you take everything at FACE VALUE.
No I don't see you as a girl. Instead, you're just a pussy who goes apeshit once a month for no apparent reason (like a gal having her period, if you know what I mean).
Welp, you got me there, this month. I fart in your general direction.
(I do have a single long in the Dec MYM at 40020, though. I think that is more than you have, in the real. So there is that.)
Neener and shit.
WTF? I've never understood those who trade back months? As for the direction, I'm NEUTRAL. I really think we're at the top or very near the top.
Agreed.
But my big problem is that I have yet to see the revenue potential. Yes, NVDA is selling chips, they have revenue, but where is the revenue stream for all these AI firms using the chips? TSLA has been selling FSD for years, and its just fanboys doing beta testing that are happy to pay the fees, even though the driver is still responsible.
Some companies have been more productive, so they can get by with less workers, but does this increase revenue streams? No, all it does is maybe keep costs down. Perhaps companies are using chatbots and their systems are more automated, which is a good cost savings, but once again, its not growing revenue.
Perhaps AI is saving people money, but I don't see any product that I am going to rush out to buy that will generate revenue for AI. Its not like 15 years ago when all of a sudden everyone is rushing out to buy a smartphone whereas they didn't before.
The worst part I read is that NVDA has 80% of their sales from like 4 or 5 companies. When they stop buying chips, what then? Every company is trying hard to be the first to reach some goal, but I'm not even sure what that goal is. I don't need another gadget that I have to pay money for. I need more time for myself and less work. I need to generate more income on less time spent working, or I need all my costs to come down. AI seems to just be yet another thing that corporations are making to get more of my money.
It's not just an AI bubble though. They are also discounting future Interest Rate cuts and the start of the next Business Cycle.
The tech bubble was at the end of a Cycle. This is at the start probably.