Americans are actually super kind people by and large and the fact that social media is filled with loudmouth assholes with very niche beliefs distracts from that is really sad and frustrating. More content of American normies meeting foreigners, please!
Apparently the feed at the Granville Island Fan Zone is about 15 seconds ahead of mine, which gives me plenty of time to see what the cheering is about.
1/10 This chart should stop you cold in your tracks. That is, 2026 US IPO proceeds are tracking to ~$200B — operating companies only. Bigger than 1999 AND 2000 combined. Bigger than 2021's $119B blowoff top. A record issuance year isn't bullish. Historically, it's the opposite.
@welloldstem Really? You don’t think the market being way down while breadth is up means anything? Peter Lynch said breadth was the only market stat he looked at.