I ran from Iran

 So, the market has found its issue.

The Iran thing was building up, but I doubt anyone foresaw the intensity of damage, the Hormuz being shut, and that Iran would retaliate against its neighbours.

I foresaw an oil price spike but nothing more really - thought it would be an extremely localised issue.

Just another example of unknown unknowns.

I doubt anyone foresaw a Qatar gas shutdown. 

_________

Meanwhile, in another corner of the market there are rumblings of a private credit issue; guess it got precipitated by the SAASpocalypse because of Claude etc.

And skeletons like First Brands, MFS etc.

(Intg story, I had met Paresh 8 years ago when he pitched me for a product - bullet dodged)

____

Meanwhile, the Mag 7 continue to spin money and build out the AI stuff; NVIDIA, TSMC, Broadcom, and suppliers keep getting dollops of cash from the hyperscalers.

Oddly, the consumer is not really spending a lot more, but are enterprises spending more?

The more things change, the more they remain the same.

This is another market cycle; it will destroy a few companies; Berkshire is ready with cash.

The Iran war might end abruptly, but the AI and private credit fiasco will continute to grow/ unravel?