Yesterday morning, all the permabulls were hugging, kissing, and caressing one another due to the big pop in one of their favorite stocks, AMD. Well, merely a day later, the entirety of the earnings gains have been torched, and we’ve cracked to multi-month lows. Get used to it. There is probably about $10-$15 trillion of shareholder destruction ahead in the next year.
![](https://slopeofhope.com/wp-content/uploads/2024/08/slopechart_AMD-640x346.jpg)