Curmudgeonly traveler of both time and space. Rendezvoused with Rama and lived to tell the tale. Hoping to go back one day, maybe when I’m younger.
Earth
Joined February 2020
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Skeptical Baba retweeted
If Jensen had just had sex with underage girls on a pedo island like a normal billionaire we wouldn’t be in this black Monday mess
Skeptical Baba retweeted
Wow jensen has a real problem here...
3) $NVDA vouches for Megaspeed - its largest SEA chip buyer, under U.S. and Singapore investigation - as having no Chinese ownership and free of diversion concerns. We uncovered documents, however, that suggest Megaspeed was financed by Alibaba through a Singapore shell company.
Skeptical Baba retweeted
Go away. We all want you and your company to just go away.
People should always be in control of the future.
OpenAI is against the notion that it would be acceptable for people to be relegated to a role of doing things that “AI systems think makes sense to reward in humans”.
People should not cede control of the future to superintelligence, and that requirement should ultimately constrain AI progress.
Skeptical Baba retweeted
A lot of furus are going to be shocked to discover that stocks can, in fact, keep going down after a 50 - 60% decline
Especially shitcos like $NBIS
Skeptical Baba retweeted
yeah most businesses are run by guys who don't do any work, that's why
Skeptical Baba retweeted
This form of AI is not the biggest revolution in human history
You have been sold a bill of goods by bankers
Our perspective on today's market crash.
In the era of AI, the biggest technological revolution in human history, people are eager to call the top. That's how disruption works; it disrupts.
Revolutions yield polarity in sentiment and volatility comes with change.
However, if you zoom out, the S&P 500 is still up +9% YTD and +85% since the AI Revolution began, and AI is nowhere near "over."
In fact, it's only just getting started. Corrections are healthy.
Asset owners will continue to win in the long-run.
Skeptical Baba retweeted
Silicon Valley massively overplayed their hand, and now they are going to pay for it.
Serves them right, for acting like unelected kings with no responsibility to anyone else.
Silicon Valley was on the ballot. It did not go well
theatlantic.com/technology/2…
Skeptical Baba retweeted
Calling this a "generational moment to buy" 17+ years into a secular bull market with the $QQQ's down only -13% from the all-time high they registered less than a month ago is exactly the kind of sensationalist click-bait that confirms why you should not take investing advice from podcasters who require you to click to get paid.
Do your own work and/or partner with serious investment professionals that can help you improve the quality of your research output and risk management signals.
Also, @Jason's post reads like @TheDemocrats are actually in charge. They are not. If there was one signal from Tuesday’s election and ballot results, it is that We the People are starting to claw back control of our democracy from the donor/Epstein class that @theallinpod, @DavidSacks, @chamath, and @friedberg support.
I’ve been saying for years, the ONLY path to a peaceful victory by We the People vs. the Tyranny of the Privileged Few is ditching the partisan tribalism that these people feed off of. Elites around the world have been using divide-and-conquer strategies to subjugate and extract resources from their citizenry for millennia.
We can fix this by voting purple. Purple = someone who is brave enough to repeat what I've been ranting about for months, most recently with our friend @natbrunell.
Jesus Christ and I love you,
—Skipper ❤️(R) +🩶(I) +💙(D) =💜(USA) 🇺🇸
Generational moment to buy...
Why? Let me explain, in under 60 seconds, the game on the field for Team Blue:
First, the democrats aren't as radical as the GOP painted them (just like MAGA isn't as bad as Dems painted them)
Second, the Democrats can't win long term if they kill the markets (aka the AI trade) with regulations, taxes and by vilifying the job creators.
It is critical that we support moderates in the Democratic Party like @RahmEmanuel and steer the rest of Team Blue toward being pro-capitalism, AKA pro-jobs and economic growth.
The last thing democrats want to be associated with is tanking people's 401ks and causing layoffs and a recession.
@RepJeffries understands this...
Skeptical Baba retweeted
I see the “forced selling” narrative is making its return … still in the denial phase
If you’re wondering why this selloff is so aggressive, save this! !
NASDAQ is down 5.1%. S&P 500 is down 3%. $MU −17%. $SNDK −18%.
This is what forced selling looks like.
It isn't happening in one sector. It's literally everywhere you look at once from financials to AI infrastructure and the best businesses like $MU $AMZN and $NVDA are falling hardest because they're the easiest things to sell when funds need cash…
It didn't have to be this way folks.
AI is the golden goose of this cycle…record earnings, contracted demand into 2030 and a market that was finally starting to price it.
But the war with Iran sent oil above $100, pushed inflation back up, forced the Fed into a hike and set the stage for last night's republican humiliation.
The cost of that war is now showing up in every portfolio in America including all the pension funds & 401Ks.
But what hasn't changed is the thesis.
3 days ago $AMD guided above everyone’s expectations.
$SMCI did $19.9bn in a quarter.
$MU and $SNDK are sold out for years, with margin floors written into their contracts. None of that has changed at all…in fact every earnings we get from here gets even better.
The fundamentals are intact. But every chart looks broken rn and has been broken for a couple of months.
These so called analysts spent this morning cutting their 2027–28 AI capex estimates because of the election.
The outcome had been telegraphed for months…these guys have no idea what they’re talking about…just as always chasing the news cycle.
Hyperscalers sign multi year capacity contracts and they don't rewrite them because control of the House changed hands.
What the market needs now is for the macro to stop getting worse.
Trump has accepted the results which takes a constitutional crisis off the table.
An Iran deal and lower oil would open the door for the Fed to cut. When this nonsense “war” fades, earnings are what's left and the earnings are still extraordinary and that’s where the opportunity is…
This is a flush mainly algo driven not the end of the AI trade or American capitalism...stay hard!
Skeptical Baba retweeted
AI Bubble has officially burst today IMHO.
Semiconductors are the pick and shovel suppliers to the AI buildout. The industry is down 32% from the parabolic peak in June.
Today it took out the July low with authority. The AI bubble has technically burst. There will be rallies and hope but the process has begun. Financial reflexivity that propelled it up is now in reverse. Credit markets were the canary.
Skeptical Baba retweeted
The thing you have to understand about a Blue Tsunami is that it is the politically-engineered capitalist duopoly functioning exactly as intended. It is a pressure valve for public animus.
All this will give us is gridlock and performative Select Committee investigations preempted by pardons from Trump and maybe a slight easing of economic precarity at most. Meanwhile, the central contradiction of imperialism will just be dressed up with Land Acknowledgements & LGBTQ colors and continue apace.
Anyone else having constant problems with ChatGPT?
Constant messages: “Selected model is at capacity. Please try a different model.”
On the Plus plan.
@OpenAI
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