The public gets snowed again. Good Lord………..

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I’ve long held that shorting stocks is the most fun you can have with your clothes on. This pleasure is only accentuated when I am short stocks to which I have a fundamental moral objection.
An excellent case in point is Royal (!) Caribbean (RCL) and Carnival Cruise Lines (CCL), the “section 8 of the seas.” These organizations market brief chunks of time when lumbering, porcine guests waddle their gigantic ‘mericuhn asses onto giant floating hotels and gorge themselves on fat and alcohol while briefly distracting themselves from their tortured lives. The charts are as lovely as the passengers unsettling:

Remember when shorting Chipotle (CMG) was as stupid as shorting Nvidia (NVDA) today? I sure do. Boy, have times changed. Chipotle is finally getting the treatment it deserves, since the purveyor of overpriced, mediocre burritos never deserved its lofty valuation. It is worth a small fraction of its former peak.

It’s not like I didn’t say anything about how preposterous it was to rush into companies with no profits, no revenues, and no plausible technology. It’s just nonsense.
