'The NFT market is collapsing. Sales fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September. Active wallets fell 88% to about 14,000 last week from a high of 119,000 in November.' wsj.com/articles/nft-s…
Tesla officially passes Visa and moves into the 7th spot for most valuable company in the U.S. (behind Berkshire Hathaway).
Market Cap
Tesla: $473 billion
Visa: $451 billion
Net Income
Tesla: $0.4 billion
Visa: $11.8 billion
Profit Margin
Tesla: 1.4%
Visa: 51.4%
My 20yo son, stationed on an airbase in Turkey, just called to tell me about all the guys on the base going around bragging about how much money they’ve made buying “one-dollar stocks” on Robinhood.
'Druckenmiller dumped shares of Alphabet, Amazon and Broadcom while scooping up shares of beaten-down gold miners Barrick Gold and Newmont, according to a Wednesday filing with the Securities and Exchange Commission.'
'Record numbers of US executives are selling shares in their companies. The ratio of insider sales-to-insider buys has hit a record high for any quarter in two decades.' ft.com/content/56adea…
'With Joe Biden now making it clear that the recent $900B stimulus will “at best only be a down payment” and the now $3.3T of total stimulus spending “is just the beginning,” it sounds like America is headed into a program of permanent stimulus.'
"Janet Yellen... was issuing 2-years at 15 bps when she could have issued 10-years at 70 bps or 30-years at 180 bps. I literally think if you go back to Alexander Hamilton, it is the biggest blunder in the history of the Treasury." -Stan Druckenmiller
Over the past 32 trading days, NVDA has gained more than $1 trillion in market cap. To put that into some sort of perspective, the 6-week gain is greater than the total market cap of BRKA, which Warren Buffett has spent 6 decades in building.
"If you're a day trader and you can walk and chew gum, you're making money right now. And so what are you doing? You're doing the same thing they did in the late-90's. Everybody is a genius in a bull market." -@mcubanrealvision.com/shows/the-larr…
'Nvidia is now more than six times the size of Intel — even though that company still had almost twice Nvidia's annual revenue.' bloomberg.com/opinion/articl…
