If you're bearish or can fog a mirror, it doesn't get any better or worse than this:
Fed policy error
Asset super bubble
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