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WOLF Terminal
@WOLF_Terminal
The #1# Source of Finance & Trading Education on Spaces | Perps, Equities, Bitcoin, and more
๊ฐ€์ž… September 2022
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๐Ÿšจ $BMNR BITMINE CHAIRMAN TOM LEE @fundstrat ON WHY THE AI SELL-OFF IS A "COILED SPRING": "This is what I view as a coiled spring because the fundamentals have been holding in" His history lesson: "In 1997, 3 years after the launch of the public internet... Cisco, which was the biggest stock at the time, had a massive 50% drawdown... went down to 5, a year later was 18" Why it's the same setup: "Alan Greenspan was saying we had irrational exuberance, and then later kind of hinted at preemptive hikes, not too dissimilar to today" His bottom line: "ChatGPT is basically crossing its 3rd anniversary. I think we're so early in this AI trade that it's understandable for people to be worried" ๐Ÿ‘€
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