Cassandra Unchained(@michaeljburry):From 2000, it is not like the stocks that did great the next 5 years suddenly started growing like dotcoms. They doubled, tripled & quadrupled because price mattered again. Price did not matter from 1998 LTCM to March of 2000. Complete idiots made permanent fortunes during that span. We still hear from one of them regularly. By summer of 2002, price – it most certainly did matter. Ask any owner of MCI Senior bonds at the time. Today, price does not matter. Idiots, this is Trump’s market. It is your time to shine. When price matters again, you will have no idea what happened, and no one will will even have the heart to tell you.

2026.08.08 04:03

From 2000, it is not like the stocks that did great the next 5 years suddenly started growing like dotcoms. They doubled, tripled & quadrupled because price mattered again. Price did not matter from 1998 LTCM to March of 2000. Complete idiots made permanent fortunes during that span. We still hear from one of them regularly. By summer of 2002, price – it most certainly did matter. Ask any owner of MCI Senior bonds at the time. Today, price does not matter. Idiots, this is Trump’s market. It is your time to shine. When price matters again, you will have no idea what happened, and no one will will even have the heart to tell you.

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