A staggering $976.7B 3-week expansion in M2 money supply has brought its YoY growth rate to a record 14.57%, which has increased by 10.71pp in less than one year. This dramatic acceleration is unprecedented.
Oh my.
At today's high, the S&P 500 was within 16.8% of the most extreme valuation in U.S. history. Zero prospective returns.
We're just starting what will likely be the deepest downturn since the Depression. We can't "open" soon.
[and yes, internals are still negative].
The U.S. shouldn’t bail out billionaires and hedge funds during the coronavirus pandemic, Social Capital CEO Chamath Palihapitiya says. “Who cares? Let them get wiped out.” https://t.co/dIbizumtqG
The greatest wealth is created by being an early investor in #Innovation
Making that investment requires believing in something before the majority of people understand it
You will be mocked, ridiculed & criticized for your non-consensus action
It is absolutely worth it!
We are currently in the greatest disconnect between stocks and the economy in market history and the Fed is running out of dry powder.
How long can the bubble last?
#trading#investing#impactinvesting
Congrats to senior SG, @thielty14 on being named 1st team All Conference. Ty never complained as a junior when playing time was tough, never stopped working and tonight was rewarded by the OK Red coaches. 68 made threes, 49% from behind the arc. Very proud of our sharp shooter!!