Worse than 2008: Record margin, inflows, valuations, issuance…

If you're bearish or can fog a mirror, it doesn't get any better or worse than this:

Inflation mania
Fed policy error
Debt ceiling
China/EM Plosion
Asset super bubble
Omnibomb
OPEC+++
Record margin, inflows, valuations, issuance

What else did all of today's pundits miss? pic.twitter.com/YVTOoI60Vl

— Mac10 (@SuburbanDrone) December 3, 2021

The fatal flaw in the inflationist "Policy Error" legal defense is telling people ALL ALONG that cash is trash.

That is the fatal error both personally and professionally.

I see MASSIVE lawsuits when the algos go offline and gamblers are trapped in a bidless market. pic.twitter.com/GTqzd7w2TG

— Mac10 (@SuburbanDrone) December 2, 2021

Priced for perfection.

Software stocks are almost 2x as expensive as the peak of the tech bubble.

The median stock in this industry now trades at 18x sales.

These valuations are simply unsustainable. pic.twitter.com/0MJGfRGUfN

— Otavio (Tavi) Costa (@TaviCosta) December 3, 2021

fred.stlouisfed.org/series/BOGZ1FL663067003Q