Only a few days ago, I rolled my eyes at the white-hot Figma (FIG) IPO. Well, it didn’t take long for my eye-rolling to be proved true, as white-hot has turned blue-cold, with a 50% wipeout in just a couple of days. Congratulations, bagholders!

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Only a few days ago, I rolled my eyes at the white-hot Figma (FIG) IPO. Well, it didn’t take long for my eye-rolling to be proved true, as white-hot has turned blue-cold, with a 50% wipeout in just a couple of days. Congratulations, bagholders!

Surely you’ve heard all the breathless reporting about the FIG IPO, since it tripled in price on its first outing. The blinkered and naive among us surely consider this marvelous news and affirmation of a super-duper, unstoppable bull market.

Knowing the senior management of United Healthcare has lost 60% of their net worth absolutely warms the heart. I’m talking on the same level as snuggling with golden retriever puppies.

I am really enjoying this market now.
Wait, Tim, what? The /ES is up almost 60 points right now! The /NQ is up hundreds of points! The biggest stocks are trading at the highest levels in human history! Are you some kind of financial masochist? I mean, just look at the NASDAQ futures right now, as they soar to unprecedented levels!
