You don't need to believe in fairytales to realize that there are kings, queens and peasants.
As if not a single day has passed since the Medieval times. Poor get poorer, and rich get richer.
As the folklore said, the emperor decided that he needs new clothes.
And so he demanded from the entire kingdom that he finds the finest.
Two swindlers arrive at the capital city of an emperor who spends lavishly on clothing at the expense of state matters. Posing as weavers, they offer to supply him with magnificent clothes that are invisible to those who are stupid or incompetent.
Source: Wikipedia
And here we are. Looking at the magnificent clothes of the naked emperor.
The emperor however is still an emperor, no matter what he wears.
And he gets to enjoy the fruit of his peasants' labor.
Post 2020 profits for the naked few.
Until today, we are too smart not to see the clothes of the emperor.
No sane person can possibly call themselves incompetent.
The ghost of the emperor lives on...
...until one child realizes, that there are no clothes in the first place.
We have reached the very last days of the emperor's dignity.
Trend change begins when only one changes direction. Others soon follow.
Volatility increases after a tiny "butterfly-event" causes one member to destabilize.
SPX Stability:
Then volatility swallows everyone.
Parasites have riddled the economy.
There is only a limited amount of time for parasites to feast.
The time will come, when there will be no food left.
It is at that time when the real "fun" begins...
Tread lightly, for this is hallowed ground.
-Father Grigori
As if not a single day has passed since the Medieval times. Poor get poorer, and rich get richer.
As the folklore said, the emperor decided that he needs new clothes.
And so he demanded from the entire kingdom that he finds the finest.
Two swindlers arrive at the capital city of an emperor who spends lavishly on clothing at the expense of state matters. Posing as weavers, they offer to supply him with magnificent clothes that are invisible to those who are stupid or incompetent.
Source: Wikipedia
And here we are. Looking at the magnificent clothes of the naked emperor.
The emperor however is still an emperor, no matter what he wears.
And he gets to enjoy the fruit of his peasants' labor.
Until today, we are too smart not to see the clothes of the emperor.
No sane person can possibly call themselves incompetent.
The ghost of the emperor lives on...
...until one child realizes, that there are no clothes in the first place.
Trend change begins when only one changes direction. Others soon follow.
Volatility increases after a tiny "butterfly-event" causes one member to destabilize.
SPX Stability:
Then volatility swallows everyone.
Parasites have riddled the economy.
The time will come, when there will be no food left.
It is at that time when the real "fun" begins...
Tread lightly, for this is hallowed ground.
-Father Grigori
Comment:
The bear market we expect may never come, at least for the big guys.
First there were humans. Then there were banks.
Equities and humans need low yield rates to borrow cheap.
Banks need high yield rates to lend at a profit.
At this new environment of progressively higher yield rates, banks win.
And now, that big tech is actively investing into their own digital wallet, they become immune to crises like the ones the financial world faced.
After all, they win when most equities win, and when most equities lose. Win-Win.
First there were humans. Then there were banks.
Equities and humans need low yield rates to borrow cheap.
Banks need high yield rates to lend at a profit.
At this new environment of progressively higher yield rates, banks win.
And now, that big tech is actively investing into their own digital wallet, they become immune to crises like the ones the financial world faced.
After all, they win when most equities win, and when most equities lose. Win-Win.
Comment:
Bitcoin up, AMD down.
Or the other way around?
Comment:
SPX vs inflation is magic...
Comment:
Comment:
The mother of all-tech...