A Giant Sucking Sound
There is no such thing as a limited nuclear war.
Too many of my jokes are premonitions...
“Approval to use ATACMs1 means we can now all dispense with the nonsense that we’re defending liberal democracy. That was directly against the will of the people and what we just voted for. Western elite just use the word democracy for control now.
I don't think there is any grand plan, just politicians and bureaucrats running around making the least worst choice right now to save them from blame/pain not looking long term on anything.”
Remember the bond mania?
The Fed is too restrictive.
Speaking of Manias…
Apparently the U.S. market cap is 2.8x M2, the highest since 2004.
Not sure where 1929 fell on this scale:
Rates are starting to normalize!
Cramer Triple Boo Yah!
So Michael Saylor is in the news again:
Saylor’s comments reminded me of Jim Cramer schooling Warren Buffett back in early 2000, at Berkshire’s low point:
Shares of Saylor’s company only recently surpassed their early 2000 highs (unadjusted for inflation):
For a little more color on Saylor, here is a 4-part 2002 series on his rise and fall:
“On Feb. 4, 2000, with MicroStrategy's shares at $142 and his paper wealth shooting into the billions, Saylor hosted a 35th birthday party for himself at Cities, the fashionable Adams Morgan restaurant. "Guess who's old enough to run for president?" the invitation said, and Saylor duly announced his candidacy that night, a would-be standard bearer for "The Technology Party." He was kidding. Or seemed to be. But at the time it seemed weirdly possible.
Then, just a few weeks later, it all crashed -- a flip of fortunes that was sudden even by the exaggerated norms of the late 1990s and the early part of 2000. Saylor's life and company became object lessons in how ephemeral success could be in the new economy, how perspective could be so easily lost, and how myths -- and stock fortunes -- could so easily vanish. When MicroStrategy's story began to unravel, at least some industry and Wall Street watchers believe, it signaled the end of that era. "This one popped the bubble," wrote James Cramer, columnist for TheStreet.com. "MicroStrategy forever changed the Internet mania."“
One thing that's helped save me over the years (and also likely cost me billions) is that I don't have FOMO - fear of missing out.
You won the lottery? Good for you. I don't need to start buying scratch-offs though.
“ESG…an empty acronym, born in sanctimony, nurtured in hypocrisy and sold with sophistry.”
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