True. We are *beyond* the bubble stage. The current situation can only be described as a game of musical chairs where the players are signing to keep it going a little bit longer. Yet... one discordant note, one (negative) number out of place, and all these tech are going to rush towards the few chairs available.

---

> you need to understand Uhh. You need to understand the business. Nvidias sales are essentially only to 4 companies, who themselves only lease out the chips to maybe 5 frontier labs. It is insanely concentrated in frontier labs doing bleeding edge aka extremely expensive research Note also that DeepMind - arguably the top lab in the world - doesn’t use GPUs or CUDA at all. Anthropic is hopping on the TPU train as well They use JAX, and OpenAI uses Triton. ie none of the top labs even use CUDA. And given the extreme concentration of Nvidias buyers, it’s already irrelevant to nvidias sales

---

My boss had a very extreme cough. Mine is a dry cough that’s sometimes very irritable. It’s not bacterial for now and not too bad, just bad enough to stay in bed. I’ll email my doctor tomorrow for a sick note but will consult more if it gets worse. Thanks for the advice!

---

✍️ note to self: SPY will be up 0.22% friday and then down 2% monday.

---

Please take the time to identify the location of your nearest soup kitchen. Please note it may be behind you!

---

So how do you react when the manufacturer of the dollar also does the propping up of its industry? Ya can't say gold or silver or previous metals. Ya can't say oil because that is a propped up industry. And don't say BRICS currency because all their currencies are essentially monopoly money, and the USD while downtrending is downtrending off of a high note, and it's performance is very similar to other currencies from the modern basket. It feels like there is no way out, it's a closed system and we either all float or we all die.

---

Nothing of note. Back to flat for the day

---

Please point to a single "insider trade" she has done. Note: Her trades are public information.

---

On another note guys, how long do bubble pop market crashes tend to take to recover.... Completely unrelated of course....

---

Just listened to Tariff case - Trump admin wins Side note: Justices with pointed and often skeptical questions are not necessarily anti a position. They want to see it defended Mods. You can put a !remind me thing and ban me for months if I’m wrong.

---