What a brutal lesson from the market today!
A friend just told me he had his biggest single-day loss of the year.
Over the past two months, he made $20K trading options, futures, leverage, margin, and day trading.
Today, he lost it all in one day. His two biggest positions were $CRWV and $ORCL.
You can be right 100 times. But one wrong move can wipe out everything.
New: Joe Rogan speechless after a moment of human genius on Wheel of Fortune with Eric Weinstein:
Context: Woman solves 27 letter answer with only 1 letter already being filled in.
We won’t spoil the answer so you can see if you would’ve figured it out.
ROGAN: “That’s insane. That lady’s a wizard.”
WEINSTEIN: “That lady is what I want to do with my life. That’s what great physics looks like. It’s fully irresponsible, yet genius at the same time.”
Either the AI bubble will pop, which will create a Great Depression-level market crash.
Or the AI valuations will be justified, which only works if AI replaces a huge number of workers and we get massive unemployment.
Either way, we are headed towards a monumental crisis.
BREAKING: South Korea's stock market extends losses to over -8% on the day, triggering a level 1 circuit breaker.
Trading has been halted for 20 minutes amid the intense selling pressure.
A level 2 circuit breaker would occur next at a -15% drop.
BREAKING: Anthropic just reported Q3 revenue of $16.8 billion, up 44% from the previous quarter.
The company said it was profitable and cash flow positive in the third quarter, as it prepares for a potential blockbuster IPO listing reported to be near $2 trillion.