Apple is the same price today as it was in November 2021. Thirty months…….zero percent.

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Apple is the same price today as it was in November 2021. Thirty months…….zero percent.

Super Micro Computer sounds like the kind of 1980s style computer company name that I grew up with (as does their logo), but its old-school vibe hasn’t affected its new-school buzz. Between the AI and crypto bubbles, this stock has been propelled insanely high, and I’d say it has a LOT to prove to justify these levels.

More evidence that this preposterous, phony, fake, insane, debt-fueled insanity is starting to run out of gas: the Dow Transports were in the process of creation a massive bullish foundation for the next surge higher. The pattern is completely petering out, as prices have stalled and have brought ruination to the prospect of this potential energy being released.

It’s about time. These wedges have been intact for nearly half a year. The failures aren’t taking place in some obscure, seldom-noticed sector. These are core breakdowns in the most important financial instruments in the nation. Let ’em burn.
