The life of this world is small to those who think it is, and the desire to enlarge it makes it smaller, and can reduce it finally to nothing.
However it came about, this credo of limitlessness clearly implies a principled wish not only for limitless possessions but also for limitless knowledge, limitless science, limitless technology, and limitless progress. And, necessarily, it must lead to limitless violence, waste, war, and destruction.
That it should finally produce a crowning cult of political limitlessness is only a matter of mad logic.
Wendell Berry
La vida de este mundo es pequeña para aquellos que piensan que lo es, y el deseo de engrandecerla la hace más pequeña, y la puede reducir finalmente a nada.
En cualquier caso llegó, este credo de ausencia de límites implica claramente un deseo no solo para posesiones ilimitada sino también para conocimiento ilimitado, ciencia ilimitada, tecnología ilimitada y progreso ilimitado. Y así, necesariamente, debe conducir a ilimitada violencia, despilfarro, guerra y destrucción.
Que ello debe producir finalmente un culto culminante de política ilimitada es solo una consecuencia de esta lógica demente.
WB
Nvidia $NVDA vs Intel $INTC: 2014 to today pic.twitter.com/NqUFZpQMjE
— Evan (@StockMKTNewz) February 24, 2024
While everyone was busy watching Nvidia, the US borrowed another $260 BILLION last month.
— The Kobeissi Letter (@KobeissiLetter) February 24, 2024
On an annualized basis, this puts the US on track to borrow ~$3.1 trillion in 2024.
Total US debt now stands at a record $34.33 trillion, or 2.8 TIMES the market cap of the Magnificent 7.… pic.twitter.com/ckD8Rxl6kS
Traders spent $20 BILLION in options on Nvidia over the last week—more than the other six stocks in Mag 7 **combined** pic.twitter.com/JF1VdsOBlG
— Gunjan Banerji (@GunjanJS) February 25, 2024
Since when did Abercrombie & Fitch start selling semiconductors? 😅 $ANF
— TrendSpider (@TrendSpider) February 25, 2024
Shares are up nearly +350% in the last 12 months. pic.twitter.com/X9ePI18qKP
Market Concentration Risk Highest Since Great Depression 🚨
— Barchart (@Barchart) February 26, 2024
The Top 10% of Stocks in the S&P 500 account for 75% of the $SPX, the highest concentration level since the Great Depression pic.twitter.com/WhRocDHzi4
As Nvidia, $NVDA, skyrocketed last week, hedge funds sold tech stocks at their fastest pace in 7 months.
— The Kobeissi Letter (@KobeissiLetter) February 26, 2024
This ended a 6 week streak of weekly inflows into US tech stocks.
In fact, it was primarily driven by an increase in short sales than an increase in long sales.
Short sales… pic.twitter.com/0mqYCWQKMl
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