Another interesting week is about to end. First we started the week with panic on interest rate spike up. Then the market spent all week going higher with Dow minting a new all-time-high today while Nasdaq 100 dropped 200 points. The narrative of the stock market being represented by the indices looks very much broken to me.
It looks like nothing can stop the stock markets from going higher. That’s what I was told by the Robinhood crowd. That Tesla will be the most important company of the future.
Once upon a time there was the belief of a better future build by calculators. Those leading companies making calculator back then are now all gone. Calculators no longer something of importance. No matter how transformational the technology is, they will all be just part of a bigger and better future. Tesla may contribute to a better future for the world but that does not translate automatically that its stock price will keep going higher and higher.
Since I can’t deliver the message properly without going into hours of lecture on finance, I guess I should just wish this generation of momentum traders, who call themselves investors, good luck.
I am experiencing the seasonal f$#k up of my internet connection again thanks to Rogers. It is very frustrating when you need stable internet connection but there is no real options available. The fake competition between the two biggest infrastructure companies here in Ontario Canada is kind of funny in a dark humour way.
As usual, youtube found me some videos that is totally unrelated to what I am searching for. This time, a video on robots from Veritasium. It is a good one though.
For those of you looking for a way to improve your finance or, simply to find some way to squeeze more money out of your income, it can be as simple as what this video says. I am not sure if anyone would follow the advice though.
I am trying to learn more about cryptos and the more I learn about it, the more they feel like a elaborate scam to me. I am not dissing crypto here though. What I am saying is that they are as good as the government printing schemes. Check out this video on ethereum from Tim Ferriss having Vitalik Buterin to talk about his vision about cryptos and where things are heading.
So many things I like to get done yet it is already Friday … never enough time!
Have a great weekend all!
