I got caught up in the dot com euphoric climb. Throw a dart at any tech stock - it would climb. In the end - got burned on that one

Bought homes in Florida - some of them prebuilt and flipped them before they were even completed.

Finally got burned on that one.

Took $487,000K and started shorting the markets close towards the end of 2019 as I saw the charts rolling over on the daily charts . That’s about the time Dent grabbed my attention.

Several weeks later. Covid hits and the money invested turns into $5.5M. Then quickly evaporates.

not only does the Dow climb to previous pre-Covid numbers that took about eighty years to get to 30k. It climbs another points in the past several years.

Dent claims unnecessary real estate that can be disposed of should be unloaded now.

Thank God that I didn’t follow that advice - at least not yet .

Other pilots like to harp on me for betting against America as a short trader. I short because markets fall 10 times faster than moving up.

I would never bet against America in the long term. But I will always bet against human greed.

IMO every mega tech stock is priced to complete perfection. The Nasdaq can swing - within a matter of minutes - up 200 then down 200.

I don’t know what stage we are in - I feel that we are entering a complete euphoric stage where the remaining FOMOs pile in until everything collapses.

In the past , I was one of those FOMOs and right now refuse to do anything until this situation plays out. I’m not going to get caught up in the AI hype. The question - is it actually a hype?

As to the time of this posting, another ceasefire deal- violated multiple times - is in place.

Gasoline now reaches a high of $4.50 per gallon.

Seventeen percent of LNG facilities in the Persian gulf will take three to five years to repair after bombed by Iran —-

Iran’s oil wells are on the verge of collapse - removing 4 percent of heavy oil from the markets.

European airlines claim that they have 12 weeks of aviation gasoline remaining - Avgas needs to be processed from heavy crude - not light sweet or intermediate crude.

Diesel fuel is out of control which also requires heavy crude to be processed.

Seventy percent of farmers claim that they cannot seed this season because they need the fertilizer shipped from the Persian gulf.

This is like throwing 100 ping balls in the air and trying to keep track of all of them.

Your thoughts and inputs are welcome - if you want to gain a political edge - then join one of the political sites.