Aug. 22 at 2:39 PM
$SPY My entire list of fundamentally unsound companies is all green.
Some of them will lift more, but this whole list has six months of crazy gains.
Folks, these are the worst of the worst. They all lose money and are completely out of cash.
Five years ago, most of them would have been doing public offerings at these prices. But high interest rates has kept that from happening.
If/when interest rates come down, you will start to see a renewed effort to dilute.
$IWM
You newish traders have never even witnessed dilution.
Yet, this has been the greatest and longest dash for trash I have ever witnessed.
$QQQ
There are paid "news" articles encouraging pedestrians to buy this wave of mutilation.
Not going to end well for those companies, when it finally does end.
$DIA
I'm forever long the SPY, and always short shitty
$IWM stocks.
So please keep pumping the turds, and I'll keep fishing that river.
