Jul 13, 2026

New technology has created market bubbles throughout history. The technology changes, the times change, yet human behavior does not.

The price of an asset ultimately is what someone is willing to pay for it. When there are not more buyers willing to pay the price, the correction starts.

It is not about intelligence....

Jul 6, 2026

UBS has stated that 60% of companies are greatly reducing their US Artificial Intelligence usage in favor of Chinese AI due to the reduced costs.

Chinese AI costs are up to 95% less than US AI technology. 

Benchmark tests are showing that Chinese AI is 80 - 95% as effective as US AI.

It is becoming difficult for...

Jun 29, 2026

The US Equity Market Valuation has hit the highest level ever recorded!

This combined metric includes P/E, Forward P/E, Shiller P/E, EV/EBITDA, Price-to-Book, Price-to-Sales, Q Ratio, Return on Equity (RoE), and the Warren Buffett Indicator. 

The US Equity Market Valuation metric has hit the 80% percentile 5 times since...

Jun 22, 2026

Jun 15, 2026

IPO's over the past 45 years that debut above 40x sales underperform the market by 58% over the next 3 years. 

SpaceX IPO initial price was about 90x sales.

The lower the price to sale ratio, the better the returns long-term.

The top 10 largest IPO's price dropped an average of 35% in 6 months.

IPO's tend to issue a...