Gents, Ladies — Factset: The bear case now lies almost exclusively inside of some of your brains — visions conjured up in the middle of the night — awoken by nightmares of black smoke and red flames, chards of metal bustling through your city squares. The line that is often bandied about by many a […]

This had to be one of the craziest fucking months I’ve seen since COVID. The fact the SPY was barely down made it all the more mocking. First the carnage, just to get an idea what it is I speak of. MTD collapses SPCX -38%, TSLA -25%, MU -28%, INTC -35%, AMAT -30%, CAT -23%, […]

For the month, the NASDAQ is -7%, yet the SPY is down just 1%. Peering into the carnage, many of the recent gains since April have been revoked, especially in the AI trade. Since SPCX came public, its shares have been lit aflame, -33% for the month. Morgan Stanley put out a note saying at […]

Last week, like a big dunce, I laid into the bears with my latest missive NIGHTMARE ON BEAR STREET, which I will have you know drew fierce consternation amongst loyal readers for “jinxing” the tape. In other words, my words caused equity markets to slide and slide they did indeud — with momentum stocks tossed […]

I want you to imagine, if only for the duration of this post, you are a grizzly bear. Generally speaking, you hate stocks for all of the same reasons why people hated stocks at the bottom of 2009. It is your belief that each and every retrenchment is nothing more or less than the opening […]