This is a rough draft that was sitting in my Google drive since November 13, 2021. I left the grammatical errors in. Now two months later, I need to do an update to this post:
A post to finish incredible 2 years and to begin to document bursting of a bubble within the next 12 months oh, more likely within the next 3 months.
Twitter is full of traders, discord trading services are all the rage and it reminds me of the Cook options books back in 2000.
Dr. Michael burry comes and goes on Twitter.
Sven Henrich Northern trader.com is pulling his hair out.
Russia is rattling things in Eastern Europe particularly the Ukraine.
China might be stirring things up with Taiwan.
Inflation is at a 30-year High, printing 6.2% year-over-year just a week ago.
We are still dealing with Covid drama and Biden is trying to push a mandate that employers with 100-plus employees.
Market breadth is not great despite the spy hitting all-time highs every week, having hit 50+ highs in 2021. All of the business and growth has transferred from smaller American companies, both private and public, to the largest consumer and tech conglomerates AKA fang.
Housing prices are skyrocketing and the average home is at an all-time high, even higher than mid-2000s sub-prime financial crisis.
Stock market valuations are out of control: Rivian just went public oh, and is worth a hundred billion with 0 sales. Tesla at a trillion.
Supply chain is screwed. We've got a hundred container ships sitting off of LA and we can't source microchips for electronics, like cars. Speaking of cars, the auto dealers have no inventory on their lots, yet are posting record profits, as they are selling the cars straight from the OEM.
Crypto and twenty something crypto millionaires are, seemingly, everywhere.
But what troubles me the most is the euphoric attitude. Everyone is making right trades, everyone making bank, diamond hands, HODLers, no one loses, everyone's an options genius.
Oh, and by the way, people are spending thousands, millions, on digital art, NFTs etc.
Markets are 210% market cap to GDP, consumer confidence at low, inflation, job market, government handouts
Must make a shopping list including disruptive technologies to keep an eye on when they lose 50 to 75% of their value
Update my holdings
I know that throwing around the socialist moniker in the last few elections was easy, low-hanging fruit arguments against the Democratic party. But ask yourself is it really too far fetch with everything you were saying right now? Do they honestly want to destroy capitalism that's the American Republic the transition into Chinese model? These policies they're passing, the terrible fed printing press, inflation, free money they're handing out the people, doing whatever they can do to control their voting base, destruction gas prices etc it looks like they're intentionally sabotaging the free market as we've known it. An intentional coordinated attack on all capitalists, free market an Enterprise values us has been known for.
I would look at the far right the socialist stock is just more conspiracy theories.
I honestly don't think so anymore.
The Young, woke generation don't know how easy they've had it and they think that something's EVEN BETTER THAN THE WAY THEY'VE HAD IT. I would wager and if you polled them on taxes they would gladly give up 50% of their income for government services provided for them.
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