Wall of Supply V - 2000 Parallels
Plus: Survival Tips!
The Nasdaq dropped 2,000 points since we called for the “Buffett Meme Top” at NQ 30,666 because the funniest outcome would be if the “AI Top” was marked by Warren Buffett, the GOAT of Value Investing, getting FOMO at the tender age of 100 by throwing $10bn into Google so that they finance their Digital God.
Though we closed our Puts at NQ 28,444 for a respectable 3.5x return I want to be clear that this isn’t the “all-clear” for risk <pun> and we are sufficiently cashed-up to sleep like a shrub at night.
Speaking of sleeping, people finally woke up to the “Wall of Supply” risk that we’ve been highlighting for a month now…but there’s a problem …