One of the most dangerous phrases in investing:
“It can’t go down much more.”
Strategy ($MSTR) is now down over 80% from its high.
Painful? Yes. Unprecedented? No.
After the dot-com bust $MSTR fell 99.86%.
If it were to match that, it mean another -99% decline from here.
🚨 NOW: El Salvadorans are boasting that President Nayib Bukele has turned his once-violent country into the OPPOSITE of EUROPE — instead of rampant gangs and no go zones, the people are safe and THRIVING
-98% in homicides
Incredible what ruling with an iron fist over crime can do! 🇺🇸🇸🇻
Bravo, @NayibBukele! A model for Latin America. EUROPE should take notes!
📽️ @JorgeManzaSV
The most overvalued market in 100 years.
Retail is still buying like nothing is wrong.
But this pattern has NEVER failed.
100 out of 100 years showed the same thing:
The S&P 500 is already following it.
→ Dot-com bubble
→ Housing bubble
→ AI bubble
And SpaceX is the final liquidity event before it all breaks.
DOT-COM BUBBLE 🫧VS. AI BUBBLE 🫧
Key Similarities:
"This time is different" Both eras feature claims that old rules (valuations, profitability) no longer apply due to revolutionary technology.
New paradigm / era language: Internet as "infancy/paradigm shift" mirrors AI as "new industrial revolution" and "gentle singularity."
Massive upside projections: Dot-com had eyeballs/market share = infinite growth. AI has trillions in market opportunity, GDP doubling, superintelligence.
Euphoria despite warnings = Irrational exuberance then; bubble fears now, yet bulls push forward with "rock-solid" or "insanely profitable" narratives.
For one's private perusal.
Enjoy.
Books shall be written 📚
BREAKING: Historic 173-year-old South Bushwick Church in NYC burns down.
Cause unknown.
What’s the chance radical Muslims did this?
A. 80-100%
B. 40-80%
C. Under 40%
South Africa is no longer a civilized country!
Only took 30 years to go from one of the world’s strongest nations to total collapse!
America this is your future if you don’t stand your ground!