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@WarrenPies Nasdaq 100 was a different beast back then as tech overall was jot as mature as it is today.

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@KobeissiLetter Chart also shows how much world changed in 2020 with the response to the pandemic. Sad to see the incredible amiunt of liquidity that was injected and the resulting issues created.

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@AswathDamodaran So most of the value is in the terminal value. Expect to see some very wide valuation swings.

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@TradingThomas3 Exactly. No alternative for cash. Yields are not attractive elsewhere

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@SixSigmaCapital It wasnt the earnings as much as sam a comments. That right there is the whole ball game and could start a cascade

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@Ross__Hendricks Great outline of what has happened and what should eventually happen

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@The_AI_Investor Agree on market cap keeps a lid on upside. It is right however as for NVDA to double would require trillions of dollars of earnings/revenue that would have to come from someone’s pocket.

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@Ryan_Rael_1 @Polymarket Absolutely agree. Not enough money supply / new buyers to absorb. This is what happens when prices are disconnected to fcf / dividend discount model

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@adamtaggart @noble_capital_1 @unusual_whales for the 10% the GFC was terrible, but i would argue the unemployed today have it so much harder due to costs. Also, for everyone who has a job today, inflation (CPI & asset prices) has made life much harder. The fed dual mandate is very misguided. Should focus on inflation

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@adamtaggart @noble_capital_1 @unusual_whales I don’t agree. I would say today is worse for bottom 60% than ever before and much worse than GFC. Yes for the 10% unemployed (6% higher than today) it was obviously bad, but today is worse for everyone in bottom 60%. Everyday costs extremely high, asset prices inflated, etc

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@RentYourStocks This upsets me more than anything. Painful to see how people suffer when sick or injured and can’t afford or get proper care.

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@shortbus_ace Very odd. Also not clear where $80B of liquidity comes from to fund this.

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@TheStalwart Where is all the liquidity coming from to absorb $80B of cash. Being created out of thin air here

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@cpscott16 Most likely is 1 with the blockade in place.

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@StockSavvyShay @FuturumEquities Agree with the 2-3 yr window, i also apply a discount factor to the projected growth rate to account for uncertainty.

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@Mr_Derivatives It is a paradox. It will not dip if people believe it will as buyers will front run so wont happen

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@GaryMarcus Agree, but the shift will be towards onprem, local models…trained on proprietary data. AI HW should be fine. It is the hyperscaler, neoclouds & LLMs that will be impacted the most

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@orrdavid That week was a killer for me as well and the pump has not stopped. That was the week of constant good news on Iran being pumped into the market culminating with the Friday morning blowoff with Trump proclaiming a partnerhsip with Iran on the SoH.

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@firstadopter Exactly. Those puts could have been put on in Feb and sold at beginning of April.

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@Yuchenj_UW Literally circular funding giving these labs the ability to corner the market. Does not feel right and is choking true opportunities for innovation