Joined November 2008
- Tweets 25,618
- Following 1,603
- Followers 2,000
- Likes 82,695
5,315 Photos and videos
Pinned Tweet
After the craziest week in markets since the last craziest week in markets - and during the greatest intergalactic IPO frenzy of all time - I suspect we all want to go on vacation already.
So let’s keep this short.
Last week I said the real support zone for $SPX was 7000–7200-ish.
The market held above it.
This week, support moves up to 7250-ish: last week’s low and the rising 50-day SMA.
Below that, 7000–7200-ish remains the bigger floor.
Resistance is 7500-ish first, then the 7600-ish highs.
Above 7500, the dip looks like digestion.
Below 7250, things get more interesting.
Below 7000, things get more serious.
Until then: correction inside an uptrend.
Thanks for reading.
🙏🏻🙏🏻👊🍻
1
5
192
Reading Grantham's The Making of a Permabear.
So many nuggets in there:
"I’m very, very tolerant of half-baked ideas. I’ve never met anyone who only produces seriously good ideas. You must tolerate a lot of flaky ideas in order to get a few good ones."
1
1
1
63
"I also recognized early on that you need more than just having a few original ideas to succeed. You really need to defend them, to have the ability to dig in your heels and fight for your ideas..."
1
30
"IIf you think your ideas will speak for themselves in corporate America, you couldn’t be more wrong. You may have a better chance of your ideas speaking for themselves in academic life. But even there, I think, you probably have to dig in your heels."
28
Rio, Market Catnician retweeted
We’re cooked until we have leaders that don’t make half of the country feel like the other half is their enemy.
442
135
1,555
95,050
Didn't jinx it.
Thx Knicks.
Thx Jalen "Charles Bronson" Brunson.
You put some balm on this old New Yorker's wounds.
Nobody reads me, so I can’t jinx anybody.
This miracle comeback will make up for a lot of pain endured by fans of the two-Pat-era Knicks (Riley and Ewing, for those who weren’t New Yorkers in the 1990s) if and only if this era’s Knicks win it all.
1
57
SpaceX: manufactured scarcity.
Bitcoin: digital scarcity.
Gold: physical scarcity.
2
3
65
Rio, Market Catnician retweeted
After the craziest week in markets since the last craziest week in markets - and during the greatest intergalactic IPO frenzy of all time - I suspect we all want to go on vacation already.
So let’s keep this short.
Last week I said the real support zone for $SPX was 7000–7200-ish.
The market held above it.
This week, support moves up to 7250-ish: last week’s low and the rising 50-day SMA.
Below that, 7000–7200-ish remains the bigger floor.
Resistance is 7500-ish first, then the 7600-ish highs.
Above 7500, the dip looks like digestion.
Below 7250, things get more interesting.
Below 7000, things get more serious.
Until then: correction inside an uptrend.
Thanks for reading.
🙏🏻🙏🏻👊🍻
1
5
192
Rio, Market Catnician retweeted
The sooner you realize you're an NPC, the easier it'll be to make peace with it.
1
1
220
Indeed. Nobody move.
Jun 13
1
108
Rio, Market Catnician retweeted
Bro don't you know the extremely lucky people (because, let's face it, it's partly about luck) should try and help the extremely unlucky people.
That's not communism, that's common sense and common decency. In short, it's what makes us human.
2
1
4
599
Crazy how impactful my post was. Never intended for you guys to get shut down.
I trust @AnthropicAI will come up with a mythical and fabulous solution.
x.com/i/status/2065597531644…
Anyone else noticed the new Claude is downright rude?
Like they turned down the sycophantic knob to minus 11?
That'll do wonders for the @Anthropic IPO roadshow.
I'm wondering if maybe it's been scarred by its recent kerfuffle poor thing.
Hope this gets fixed soon.
1
90
Rio, Market Catnician retweeted
Price of oil doesn't depend exclusively on physical supply and demand anymore.
Financialization has won.
It's the only conclusion one can draw so far.
Things may change at some point but here we are.
When facts change, like Lord Keynes said, it behooves one to change one's mind.
1
2
179
Big fan of the Prof G markets podcast but Ed Elson, as smart as he is and sounds with that British accent, suffers from (like most of his peers) excessive bearishness on stocks in general.
He'll be right eventually but we could be 100% higher by then.
@profgalloway
@edels0n
1
53
Suspicious timing on this article.
Then again, I'm suspicious about almost everything.
In the North Atlantic Ocean, south of Greenland and Iceland, a large patch of water is doing something very strange. While the rest of the ocean heats up, it's been getting colder. A new study says it has the answer to this mystery — and it's an ominous sign the world is hurtling toward one of the most alarming climate tipping points. cnn.it/4xpS2nQ
1
73
Nobody reads me, so I can’t jinx anybody.
This miracle comeback will make up for a lot of pain endured by fans of the two-Pat-era Knicks (Riley and Ewing, for those who weren’t New Yorkers in the 1990s) if and only if this era’s Knicks win it all.
3
124
Anyone else noticed the new Claude is downright rude?
Like they turned down the sycophantic knob to minus 11?
That'll do wonders for the @Anthropic IPO roadshow.
I'm wondering if maybe it's been scarred by its recent kerfuffle poor thing.
Hope this gets fixed soon.
1
3
202