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You’ve probably heard of (but never spelled) Chamath Palihapitiya. He’s an arrogant blowhard billionaire venture capitalist who is absolutely full of himself. That’s not unusual for a VC, but he stepped in a gigantic pile of dog shit yesterday in an interview and is getting an amazing amount of blow-back, including from the companies he owns and controls! The guy is basically the World’s Biggest Douche right not……….
Here’s a follow-up on some of the larger topping patterns that have been mentioned as short ideas; they’re all blowing up, one after another. Here’s CHTR:
Good morning ,everyone, and welcome back from the annoying three-day weekend. I had hoped we wouldn’t have to endure another federal-employees-get-paid-but-don’t-work holiday until Easter, but nope, in only a month there’s President’s Day (which is a holiday I’m sure we all celebrate with great zeal as we gather around the family table to recount tales of our favorite dead Presidents). Oh, well. At least we get a really meaty few weeks of earnings and economic news to keep us active.
Last Monday the market plunged and then rallied into the green thanks to the Fed’s endless support. Last Friday, the market did exactly the same thing. Thus, when I look at the all-red screen this morning, and the ES down more than 40 points, I’m pleased but not the least bit excited. At best, maybe we’ll get to “stair-step” this market down.
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