With the sole exception of Slope, all media is devoted to one and only one goal: talking up the stock market.
The king of these shills is CNBC, and their favorite guest is the scrumptious, sassy, and just a lil’ bit silly Tom Lee, whose interview yesterday a Sloper was kind enough to send me:
I gritted my teeth through this interview, which wasn’t easy considering the constant smacking of his lips (or some other unidentified viscous substance in his mouth) but what I took away was:
- The sell-off was an overreaction;
- The last time NVDA dropped this much was March 2020, and we know what a huge opportunity for investors THAT was (because obviously a big drop means values are the same as March 2020);
- Lee declared that, sure, it’s not a fun day, but he’d be looking at this as an opportunity;
- A drop in value like this would mean that Nvidia would suddenly have to be the equivalent of the Betamax videocassette system;
- And, in general, everything about them market was just peachy and 2025 would be another double-digit gainer
Of course, twinkletoes isn’t the only permabull out there. The biggest 180-degree shift in media history can be seen at Zerohedge, which turned from an organization I admired into a Trump-worshipping, Russia-adoring, race-baiting, Goldman-Sachs-bootlicking permabull.
Look no farther than this very morning for their own take on yesterday’s redness:
It is profoundly lonely being a person who actually doesn’t accept all this crap. Oh, well. At least I have myself.
