Category Posts

Speculators Destroyed

I don't know what's going to happen next week, but we know with 100% certainty that bullish speculators have been categorically destroyed. That's not a matter of speculation. Pundits are desperately trying to keep the sheeple from bolting out of the Casino as market volatility picks up with each passing day. So they tell the people that the bull trend is still intact - this is still a bull market. At the major index level perhaps, but below the surface breadth has been implod

Nov 223 min read

A Convergence Of Risks

First, an update from the last blog post... We have entered a lethal Twilight Zone between stock market rally and stock market crash. In this dubious gray zone of incipient market disintegration lives the most insidious lies that we have seen since this AI super bubble began. And the lies are large for a reason - because there is now blood in the water, hence the bagholders at large need to be convinced that this bubble is not a bubble. Or, if it is a bubble, it will continue

Nov 184 min read

The Last Asset Inflation (AI) Bubble

Entering the week of Monday November 10th, markets are bid on the belief that the end of the government shutdown is imminent. Hence there is now widespread belief that this is the beginning of the end of year Santa Rally. It's our job to ask in this largest Ponzi market of all time, what could go wrong? The health of this Potemkin economy now rests solely on this Asset Inflation (AI) bubble, because investors who are locked in their own happy AI circle jerk are spending freel

Nov 103 min read

The Big Short 2.0

First off, an update on the AI bubble: Since my last blog post, I noted on Twitter that the people investing in this AI bubble are eagerly handing over control of the entire economy to the Tech Oligarchs. In a world in which the majority of wealth is already concentrated in the hands of a tiny minority, this AI bubble is leading to a final concentration of wealth in the hands of the few. By the end if AI is "successful", then all jobs will be commodified and the unemployment

Nov 43 min read

AI Melt-up to Meltdown

AI is already smarter than the average human. Next stop, Chimpanzee... Where to begin... When OpenAI was founded ten years ago it was intended to be a non-profit organization scrutinizing the work of the AI industry to ensure the best outcomes for society. As has been thoroughly documented in the book Empire of AI by Karen Hao, over time OpenAI morphed from a non-profit to a partial profit to a take no prisoners porn purveyor which is where it is now. The safety concerns tha

Oct 304 min read