1) Many stocks have been disconnected from fundamentals for a while now.2) Yes, the growth rate is declining.3) Yes, the AI CAPEX is in a bubble.4) Yes, $NVDA is scheming to show higher revenue.5) No, we are not early cycle, not by any stretch of the imagination.6) No, the economy is not "strong", "resilient", "healthy", "solid", "stable", or whatever nonsense the #Fed likes to use.7) Yes, the #recession risk is way underpriced.8) Yes, bubbles can expand further, but no, they don't last forever.9) No, you don't have any "superior" knowledge or skill, it's all a bubble activity.10) No, double-digit mkt (or triple-digit AI related) performance yr after yr is not normal.11) Yes, this means that the mkt will need to have a number of negative yrs to get to its 8%-ish LT mean.12) No, the Fed, the government, or whoever will not be able to prevent that.
The AI "boom" is literally just 100B dollars going back and forth lmao
>>61256590It's hard to put into words how much I hate this technology
