Years ago, ZH was my hero. Their voice – – and it was a loud one – – said the kinds of things I wanted to say. They used to think crypto was idiotic, that stocks were overvalued, that Goldman Sachs was the anti-Christ (more specifically, a vampire squid), and they did it all without politics.
These days, every single thing is reversed. They WORSHIP Goldman Sachs. They are permabulls to the Nth degree. They think crypto is going to save the world. And, as for politics, their comments section is like a national Klan convention.
A tidbit of this was experienced earlier today, when they were cheering on Bitcoin’s ascent, while they mocked any skepticism about its imminent lifetime highs.
In timing truly worth of Gartman, this is what happened about four seconds later. THOUSANDS of dollars vanished almost instantly from the, umm, “coin.”
It was said in years past that the bear market would begin when ZH became bullish. Well, they did, LONG ago, and nothing has changed. Still, I find these guys ceaselessly annoying.
