Commentator. Markets. Politics. Whatever else.
Joined August 2022
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Chuck only says this because he's intimidated by Stephen Miller, and his ability to slow Chuck's replacement plan.
I cannot imagine a more brutally nasty, incompetent, dangerous person to serve as White House Chief of Staff than Stephen Miller.
This is the same guy who smeared Renée Good and Alex Pretti as “domestic terrorists” and “assassins” after federal agents murdered them.
Miller represents everything Americans just overwhelmingly rejected.
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Highly selective outrage by the media yet again. They want to exterminate Whites.
Monkey noises are funny, get over it. Let's go back to a time where people were less sensitive, when your Black friend would call you a jar of mayonnaise in response to this, and we'd all laugh.
The University of Mississippi is investigating an incident in which doorbell camera video appeared to show two students making racially offensive gestures outside a Black student’s apartment.
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If you are looking at stocks like: NVDA, MU, SKHY, SNDK
And you think they're cheap because their forward pe ratios are low
You might be wrong.
These stocks are all highly cyclical, going through boom and bust cycles.
How to properly value these companies:
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Cyclically adjusted P/E (CAPE) looks at earnings over a full cycle rather than just the current year. This matters enormously for cyclical businesses like Micron.
Valuing MU on peak earnings makes the stock look deceptively cheap. Valuing it on trough earnings makes it look deceptively expensive.
The right approach is to normalize margins and earnings across the cycle, then apply an appropriate multiple. Also consider forward supply/demand, capex, and the durability of pricing power.
The goal isn't to buy cheap earnings. It's to buy earnings that are sustainable at a reasonable price. Otherwise you're just extrapolating the cycle.
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Micron is a good example of why P/E can be misleading with cyclical stocks.
At $74 in FY26 EPS, MU looks cheap at ~11x earnings. But memory earnings are highly cyclical.
I'd normalize earnings using $90B revenue and a 27.5% net margin, producing ~$22 EPS. At 20x normalized earnings, that's a ~$444 stock.
The real question is whether AI/HBM demand has structurally increased Micron's normalized earnings power...
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Key election implication: as Texas Governorship unexpectedly flipped blue, the tech heavy Nasdaq is tanking. Lots of reasons, but perhaps one factor exacerbating this is that a key data center and energy safehaven has dissapeared.
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Breaking: early data is showing Republicans have lost control of the U.S. House of Representatives and the U.S. Senate.
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Squag retweeted
Based on major news reports of the October 17-18 2026 French riots, the claim holds: no mosques were reported damaged or attacked. Extensive damage hit shops, town halls, and public buildings. A Paris synagogue was vandalized and some churches in Marseille were broken into, but sources note no equivalent incidents involving mosques.
Midwits are the least intelligent tier of voters because they want to distinguish themselves from low wits, and thus more often fall prey to manipulation from politicians that try to appeal to a "smarter" populace. Midwits are fooled into believing that mental gymnastics can justify policy that goes against common sense (think socialism, globalism, etc.).
Low wits are the middle tier because all they have is common sense, which is often correct in policy. But, they sometimes get fooled by basic lies and deception that does not fool midwits.
High wits are the top tier because they can see through the mental gymnastics games that politicians play to fool midwits, but they also don't get fooled by the basic lies and deception geared towards the low wits. Overall, high wits vote with low wits more often than with midwits, because common sense prevails. But, high wits often float between parties because they are not fooled into blind loyalty to any one side.
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Think about all the times Jensen may have been tempted to post in recent years. His first and only post was on the importance of open weight models in AI.
That is a signal of how big of a deal this is.
For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.
The world needs both frontier closed models and frontier open models.
images.nvidia.com/pdf/Open-W…
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Why would I ever build or invest in a new apartment building in NYC now? Rent is frozen, but all the expenses (insurance, property tax, maintenance, etc.) are still rising with inflation. It will only take a few years for expenses to rise higher than rent.
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