A pilot with knowledge, experience, logic, & compassion. A family friend of mine flys chartered Lear jets as his full time job & stated the exact thing this pilot does.🙏🏼

“Too big to fail. Active trading isn’t needed anymore. In fact it’s more of a waste of time.” Those were the words I heard as I was speaking with a finance person yesterday who is way smarter than I & who manages more money than I can fathom (institutional) & he made this blunt remark. “The stock market is now too big to fail. It would impact national security. We now have a 78 trillion dollar ice skating rink where one major crack could decimate the financial system. This ain’t 2000 or 2008, those events can’t occur again with this kind of market cap especially with 0DTE options.” He noted the massive OPEX options expirations that alone could send the financial system into disarray if they went awry. “We now have $4 trillion at OPEX expiring & folks think it’s normal. It’s not.” In short, all this time spent on technical analysis is now, for the most part, useless. In his words, “No crashes, no bear markets at the S&P or NDX index level will likely ever occur for years on out & possibly not again. The most you’ll get is very shallow retracements. It’s now just too big to fail. Even a 3Q 2015 style pullback or 4Q 2018 style pullback would be disastrous if it occurred today.” Laugh if you will but look at the data. He’s right. VIX is so suppressed it can’t even break 18 in October of a midterm election year. When was the last time that happened? As he put it, “All these folks on X predicting price action every single day would save a boatload of time just buying QQQ & SPY & going fishing. It’s only going to be higher YoY for years out. You’d be lucky getting a 4% pullback to get lower prices before the dip is bought. Day trading is a complete waste of time.”

Trolls on X “Michael Burry is always wrong!” Well … he’s long MSFT & short the rest. His short on TSLA? Over $100 per share. CAT? Up $200. AMAT? Over $100, SOXX? Over $100. Well played @michaeljburry 🤝