For a change of pace, here’s Duke and Mishka visiting a neighbor’s dog and having more fun than any human has ever had in history.
CoreWeave Unravels
It’s a shame about CRWV. A couple of months ago, this hyperscaler looked ready for total doom, but then it blasted above its topping pattern.
Since then, it has formed a higher, smaller topping pattern, and it appears to be breaking down from that. I just don’t trust it anymore, having been disappointed before, so I’m simply going to watch from a safe distance (even though I am mega-bearish on the entire hyperscaling industry).
The Customer’s Yachts
I know how sensitive you he-men snowflakes can be, so I’ll preface this by saying this post is in no way a violation of my pledge not to offend you pantywaists until November 1st. I’ve been exceptionally self-censorious, even though most of you actually would prefer I not, according to the poll data.
Having said that, this post’s title is based on the old joke about the father showing his son the yachts of the great brokers of New York City, to which his son asked, “But where are the customers’ yachts?” (You’ll note by the placement of the apostrophe that the lad had enough sense to distinguish between a singular and plural possessive).
The current chief executive of the federal government has made many billions of dollars while in office through various and sundry methods. Some of these schemes allow the investing public to participate. The man has made himself exceptionally rich, but I must ask: what about the rubes who bought into these various opportunities? Where are THEIR yachts? Tell me that.
(more…)And I Quote……
Once again, against all good sense, the /ES is bright green, and yet my lovingly selected short positions are, on the whole, pushing my portfolio value higher. Some of them are real beauties, too, like CIEN and WDC.
The Thucydides Crap
Good morning, everyone. The market got deeply red last night, but I’m afraid as of this moment it has flipped green in a few cases. By and large, equity futures are unchanged before the opening bell, with the /RTY grinding away pointlessly since Friday’s afternoon session.
