And just like that, we are at new global highs.
Sandisk, Samsung, SK Hynix, Micron, Intel, Kioxia and others going mad.
Kospi is up 200% and Taiwan approx 100%
I am excited
I am scared
I am heavy
The Nasdaq is up almost 30 percentage points since the fall due to Iran was reversed.
Meanwhile, the Iran issue still remains.
The China, Japan Taiwan issue still remains.
And the US is in a recession without this AI bubble; there is a stronger divide between the AI economy and market prices, and the non AI stuff.
The battle for Investment Survival.
For a lot of oldies, they are prepared for a sharp sell off and recession, or an even wilder blow off.
Market reflexivity is at its weirdest, because we now live in a world where the oldies can warn well, the aggressive can spur on well, there are 'stages of a bubble' predictions everywhere, we are in the globally most well oiled liquid market ever;
And as Terry Smith warned recently, ETFs and index funds have become momentum plays, and self deceit inducing plays.
I hope I survive.
