It’s become tiresome to type these words, but it was yet another lifetime high today across the board. I am pleased and very proud to report that my 100% short portfolio defied this nonsense and still made gains on the day. This is especially heartening since there are a number of stocks which are {check notes) absolutely batshit insane.
Kindly observe:
Then we move from the sublime to the ridiculous, including one item that is up 5,200% in a year and has no earnings at all:
They say the market can stay irrational longer than one can stay solvent. Well, here I am, Mr. Market, solvent and willing to wait this madness out. One by one, people are giving in and joining the mob in joining the drugs above. Not me. I will continue to defy the lunacy and wait for this shelf of ice to crack. Because it always, always cracks.
Thank you for your attention to this splatter.
