When do the shorts give up on $RKLB and $ASTS?
These are possibly the worst stocks to short in history, even worse than the morons who were buying Lucid and Rivian at 80b when I was hammering puts on them.
Keith Gill is a genius. He is drinking a beer and dressed like a clown to purposely give the impression of dumb money. He knows exactly what he’s doing.
As a long time poker player I know a smart person when I see one. He isn’t talking at all about market dynamics related to
Mark Cuban selling his stake in the Mavericks and also leaving shark tank.
When Cuban cashes out you know shit’s about to get bad.
If anyone doesn’t know, he sold all of his tech stocks right at the top in 2000.
I don’t think most Americans realize how dire the situation is in Europe.
If your utility bill went from $250/month to $2500, discretionary spending would get obliterated. The EU makes up 25% of $SPX earnings.
Corporate earnings will fall off a cliff as the weather cools.
$AAPL has gained a trillion dollars in market cap this year with declining revenue and declining eps.
$NVDA gained 50b in market cap from 2 to 4pm today.
This is a complete fucking casino that is going to self destruct.
Crash coming. Haven’t used that word in forever. Retail is getting taken out back today. The consumer is not strong. Airlines all failed miserably and household savings is 90% below it’s peak of 2020/2021.
Asset prices and real estate prices are going to fall with rates
I’ve been “on Wall Street” for almost 2 decades . I started my career in alternatives selling hedge funds and private equity to financial advisors. Imagine a 21 year old telling 65 year old guys with 100m-2b in AUM why they need to diversify their books into alts.
I worked on