The Fwd P/E of the Tech sector is now at PAR with Consumer Staples.
In other words, the market is now valuing Tech at the same multiple as boring/slow growth Staples companies.
That has only happened 3 times in the last 7 years: COVID, the 2022 Bear Market, and Liberation Day.
Hell of a quote from @Citrini7 here:
"We had overestimated the value of 'human relationships.' Turns out that a lot of what people called relationships was simply friction with a friendly face."
The NYSE Advance-Decline line made new all-time highs on Friday. But the % of stocks on the NYSE above their 200-day moving average made lower highs. And today it's actually hitting new 6-week lows.
@theallinpod@Jason@chamath $100k/year and it never asks for equity, doesn't need health insurance, and won't rage quit after a bad Slack message. Honestly sounds like a bargain 🤖
@Kazz_tradesm@dampedspring@fundstrat That’s not what i meant. The point I’m making is that to call it a ponzi because they are trying to develop a business and industry that’s completely new is unwarranted. The shareholders should know they aren’t buying a Jpm.
@dampedspring@Kazz_tradesm don’t think @fundstrat is expecting most traditional fin. folk 2 see the vision of this beast deal n the potential for it considering beasts announced venture into finance in late 25 leveraging the largest (& young) audience in the world. $bmnr isn’t going for traditional and
🚨 WOW. Brown University student Alex Shieh previously EVISCERATED the school's administrators for having a $46 million deficit, despite surging costs for students.
They pay $90K+ PER YEAR.
Alex Shieh: "What about the kids who weren't born on third base?! [...] Brown is on track to run a $46 million DEFICIT this year. WHERE is all the money going?"
"I'll tell you where it's going. It's going into an empire of administrative bloat and bureaucracy! Brown employs 3,805 full time non-instructional staff for just 7,229 undergrads. That's one administrator for every two students."
"This isn't education. This is bloat paid for on the backs of students and families who are mortgaging their futures for a shot at a better life!"
HE'S SPOT-ON.
🚨 JUST IN: Ethereum $ETH hits all-time high gas usage, over 200B in a single day, right as Fusaka activates.
Fusaka = more blockspace, more users, more revenue.
@DougKass@fundstrat@DougKass@fundstrat and no I’m not saying you have been losing money. I see the mstr short and the like. Just that your opinion of market, valuation, bias has been dead wrong. Failing to see his big picture multi year investment, and just honing in on another pullback.
@DougKass@fundstrat@DougKass@fundstrat regarding Iwm ok aggressive, but was not unrealistic. Despite that not a losing trade. U have been pounding the over valuation table forever n have been wrong. I acknowledge you admit that. I’m sure @fundstrat would be happy 4 cnbc 2 track his performance