Enrique Abeyta(@enriqueabeyta):There is a lot of hyperventilating right now about Situational Awareness and Leopold Aschenbrenner @leopoldasch. 95% of it is BULLSHIT. First, @Citadel (and Ken Griffin) did nothing to manipulate this into happening. The kid took HUGE risks and they went the wrong way. Citadel had liquidity and he didn't. This is the way the markets are SUPPOSED to work. End of story. Second, it is doubtful this had much of an impact on the overall market. The $30 billion involved (even levered) is a tiny portion of the market. We may well have seen the "bottom" in technology stocks but this would be just a part of it not a cause of it. Remember, both tops and bottoms in the market are a PROCESS

2026.07.31 10:24

There is a lot of hyperventilating right now about Situational Awareness and Leopold Aschenbrenner @leopoldasch. 95% of it is BULLSHIT. First, @Citadel (and Ken Griffin) did nothing to manipulate this into happening. The kid took HUGE risks and they went the wrong way. Citadel had liquidity and he didn't. This is the way the markets are SUPPOSED to work. End of story. Second, it is doubtful this had much of an impact on the overall market. The $30 billion involved (even levered) is a tiny portion of the market. We may well have seen the "bottom" in technology stocks but this would be just a part of it not a cause of it. Remember, both tops and bottoms in the market are a PROCESS - not a moment in time.