A little over a week ago, I received a treasure trove of goodies from a very nice Sloper in Ireland. Among this bounty was this book, which I hadn’t heard about but was delighted to receive (and precisely on Apple’s 50th birthday, no less).
It was a surprisingly good day! Even with the market ENTIRELY green and the badly misplaced optimism around this so-called peace deal, my short positions performed great for me.
At this point, the most interesting resistance point is the SPY’s multi-decade channel midline. We slammed the brakes on it right to the penny.
With optimism spewing all over the place, and thrills abounding for forthcoming IPOs like SpaceX and Anthropic, I’d like to quietly remind folks what kinds of valuations this market is experiencing. Kindly digest some of the IPOs offered below and witness their follow-through. Enough said.
