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You want to buy at market highs? Ya'll crazy!
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All I hear today is people complaining of inaction and lack of communication from management. People need to realize that it's not wise to deploy this cash at all time market highs. Everything is still considered expensive and perhaps that's just permanent inflation, but I think a big correction 💥 is soon in order shortly after this just concluded election. Market exuberance is at a frenzy again and it may take weeks for it to cool down, but I think other economic factors (decrease in discretionary spending) will ultimately put us into a downturn in the next few months. The disconnect with main street is reaching greed again.

To bring more uncertainty, I see is with this upcoming administration bringing unchecked chaos (full control of all branches) during a time where the Feds are trying to balance inflation vs. potentially runaway debt. It's insane for them to drop rates this quickly with the uncertainty in needing to continue tightening without sufficient inflation data points. It seems they were in a hard spot due to mounting debt. Our national debt is nearly 120 percent of our annual GDP, which is ridiculous for the largest economy in the world. And to make it worse, we are as divided politically as I've ever lived through. It's all connected folks, as the middle class erodes away with the constant corruption and robbery, they keep us divided politically to distract us. We just point the fingers at each other.

My point is, I'm pretty sure RC is waiting for an opportunity to deploy the war chest. I believe this opportunity is on the shorter term horizon. You can also see the bullish TA lining up within the next few months for GME. Once the correction occurs, I think the short theory about overleveraged shorts getting margin called will get tested. We have a damn solid floor so I'm not worried about a broader market drop. Especially with the large retail support to buy any dips, including having whales like RK. I'm pretty sure RC will use up the rest of the capital raise at some point, but there will definitely will be a moment of whatever MOASS is supposed to be (ceiling???). I don't expect him to disclose the plans either strategically. He has the green light, he has the capital now, he just needs the opportunity to come. We just need to all chill and wait for the 🍻. It's coming, YOLO beeyatches!

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2 weeks ago