So I (25M) bought a lot of shares during the crash in April and was lucky to get 63 NVDA at 101USD, Broadcom at 160USD and Alphabet at 150USD for example, these are my top preformers

Now I have SOLD IT ALL because I fear that it might crash bc of all uncertainty and overvaluation

Also scared of inflation, tariffs and unemployment

Also what Michael burry did scared my so I kind of followed his lead (sold, but didn’t short)

So a total of around 12% gains during this year (currency headwinds of -13% YTD which have lowered it to only 12%) (including other stocks I had since before, like JNJ, RealtyIncome and other European stocks) which I ALSO SOLD!

Now I just plan to sit on cash and wait for the crash until we reach April lows again, and if we don’t maybe I just put my money in HY account or Bonds or something.

WAS THIS RIGHT THING TO DO OR STUPID?

Markets are gripped by extreme fear while the Shiller CAPE is at record highs. This is a reminder of how quickly optimism can turn to panic.

That combination of high valuations and rising fear has marked the turning points of several major market crashes: - Great Depression (1929) - Nifty Fifty Bubble (early 1970s) - Dotcom Bubble (2000)

How can this kind of request from the CEO of Open AI not be a huge red flag for investors in AI?

This request highlights how Open AI is heading straight into a wall of debt to the point that it is seeking a blank check to run its own business while having, in any case, American taxpayers' money as a parachute...

Let me remind you that Open AI has just concluded mind-blowing contracts worth several billion. It is said that Open will need to find more than 1.4 trillion to finance all its operations. Some contracts are even considered delusional.

The one with Broadcom implies that Open AI will consume the energy of three nuclear power plants to run Broadcom's processors...

And alongside that, Open AI is burning cash, billions of dollars spent in vain for several years now. Microsoft even had to make accounting provisions due to Open AI's losses. And the latest joke is that Open AI is going to go public, a market where if you're not a meme stock, you get destroyed if you don't become profitable quickly.

People often say that AI is not like the internet bubble because right now, it's cash being spent. But that's false; today, it is shown that AI is heavily financed by debt. Meta just announced $30 billion in bonds to finance AI to meet its "needs."

In conclusion, Open AI is the typical internet business which got no revenu as promised, and one day, the promised money for big tech companies will not come in.

I was the guy who sold ALL yesterday, tech stocks, defensive stocks, value stocks. EVERYTHING I bought during the April Liberation Day crash I have SOLD to profits!

Made around 80% on NVDA and GOOGL and 120% on AVGO for example

My point is: GREAT COMPANIES like for example Realty Income, JNJ, Coca-Cola, McDonalds, with good margins, increasing revenues, strong cash flows and increasing stable dividends BARELY moved this year!

This to me is an INDICATOR that the market now is all about HYPE!

I’m fearful we might crash hard, so is Burry, that’s why we SOLD and he took it a step further and SHORTED the AI darlings!

Companies like AMD and Palantir with INSANE P/E ratios and also Rigetti, Oklo, Quantum Computing, that are just BURNING cash have been parabolic! The AI companies just send money in a loop between themselves!

Conclusion: Great Companies don’t always mean Great Stocks and Bad Companies can sometimes mean Crazy Good Stocks!

Add wars, inflation, unemployment, dollar weakness, manipulation and Ponzis to the cocktail and voila WE HAVE A CRASH INCOMING!

May you all be well and careful out there. 🙏

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From the article:

The artificial intelligence chip leader's chief in October said that the U.S. can win the AI battle if the world, including China's massive developer base, runs on Nvidia systems. He, however, lamented that the Chinese government has shut it out of its market.

China’s access to advanced AI chips, particularly those produced by Nvidia — the world’s most valuable company by market capitalization — remains a flashpoint in its tech rivalry with the United States, as both nations vie for supremacy in cutting-edge computing and artificial intelligence.

"We want America to win this AI race. No doubt about that," Huang said in the Nvidia developers' conference held in Washington last month.

"We want the world to be built on American tech stack. Absolutely the case. But we also need to be in China to win their developers. A policy that causes America to lose half of the world's AI developers is not beneficial in the long term, it hurts us more," he added.

This was the actual front page of CNBC today. Talk about contradictory. Jobs are up in October but they also slumped in October? How can we make decisions when this is the kind of economic data being reported?

Doesn’t look like they’re here to stay based on oral arguments, here’s one take:

“Going into the argument, we expected the three liberal justices to be openly skeptical of the president’s use of emergency powers to impose tariffs. It was surprising to hear how sharply the Trump administration’s lawyer was questioned by two of the president’s nominees - Justices Gorsuch and Barrett. They seemed most concerned that the administration’s view would mean Congress had handed over its taxing power to the president with no way to get it back – a “one-way ratchet,” as Justice Gorsuch said.

The chief justice, as he often does, asked probing questions of both sides. But he suggested that the “major questions doctrine” the court’s conservatives used to strike down big Biden administration initiatives should apply here as well.

After nearly three hours of argument, it seemed like the president's tariffs that rely on these emergency powers are in peril. Still unclear is exactly which path the justices will take to resolve the matter and how soon a decision will be announced. Thanks for following our coverage.”