03-11 Politically Incorrect Daily

Political Memes and Funny Pictures

dog job looks ruff feed family karen
autocorrect accepted how mich swear talk about ducks
venn diagram cat inkjet printer moody ignores requests
human sacrifice not how climate change works mistakes both sides amnesty
bathroom doors no balls at birth
biden trashing trump border policies rinos democrats border dhs
hate video games male fantasies low gas prices flashback
gestapo thats one wont date me have penis
student graduates from colllege loans owes life debt phantom menace
pillow simpsons biden 2024 finish the job
teacher 80 percent complied unethical experiment authority
daughter what be grow up threat to new world order
biden debate trump president cookie monster deflect inflation blame
biden apologize for calling victim lincoln no illegal yes

Recently-Added Meme Galleries

Alcohol and Drinking Meme Gallery 4
Cats Meme Gallery 5

Quotes, Messages, Social Media Memes of the Day

x unknown callers talk first breathing competition
x how millenial filter phone calls if rings spam
x cant throw rocks teammates outfield read the rules doesnt say
quote hannah cox cant strangle industry blame capitalism
message biggest cancers of society george soros bill gates klaus schwab
quote bertrand russell fascism first fascinate the fools muzzle the intelligent

Starting the Dump Phase?

A few days ago I wrote in a blog about Wall Street & the financial press’s tendency to pump-n-dump stocks; I specifically mentioned Nvidia, now a $2.2 trillion dollar company. Could they be starting the “dump” phase?

headline cnbc nvidias terrible friday momentum
headline cnbc nvidias massively overbought stocks

This is not to say that Nvidia isn’t a great company. I’m simply stating that the financial industry & media love to make themselves rich by overpumping good companies to insane levels that have no reasonable connection with profits & cash flow-based valuation models. Then, as they jump ship, they save their credibility by coming up with reasons why they must now sell, beginning the “dump” phase. In my blog I specifically mentioned Cisco as an example of a great company that was pump’n’dumped. Here’s a Yahoo Finance chart of Cisco’s stock price the past 35 years. See if you can spot the pump’n’dump phase. 🤔

cisco yahoo finance stock chart

If you want more recent examples, look at charts for Zoom or Tesla. Maybe I’m wrong though. Maybe Nvidia is bid up to a $3 or $4 trillion dollar company, surpassing Apple & Microsoft. You never know how high a stock will get before enough investing pros figure out the numbers just don’t add up, or if they find enough other reasons to dump the stock. Case in point–Tesla, one of the most overhyped companies ever based on profit & cash flow projections. When Elon Musk stood up for free speech by buying Twitter in 2022, he became an enemy of CNBC and the rest of the financial media, meaning there was no longer any reason to overhype the company. Check out its chart up to and after 2022.  Spot any pattern? Oh, they’ll say it’s based on disappointing profits or growth, as if the valuation was based on any of that in the first place. 🙄

tesla stock chart yahoo finance 2023

Other Links That May Interest You

NPC Liberal Programming Re-Education Meme Gallery
Office Whiteboard (Jim Halpert) Meme Gallery
Parenting and Kids Meme Gallery 6
All Political Meme Galleries
Daily Meme Posts

03-09 Politically Incorrect Daily

Political Memes and Funny Pictures

vegan chase down ice cream truck
mini guillotines 90s 00s classrooms
dont drink get drunk inner demons peace
sticking diet goals girl scouts fck you are
peg al bundy love hooters ass silver tongued note
rollercoaster summer 2019 rest of our lives
capitalism without government with price of cocaine weed
joe biden grim gaslighter state of union democrat policies
joe biden card reading white supremacy threat border crime trafficking
mj before public school after them j
message tied bench remember outlawed fresh air sunshine cared about health
woman prefer men non liberal already pssy dont need another one
biden sotu russia krushchev get off my lawn

The Irrational A.I. Hype Continues

wall street pump and dump scheme graph

Wall Street moves in pump’n’dump cycles. If you ever watch financial channels, you’ll see them regularly shift to pumping certain types of investments until they reach irrational bubble levels. Then, they’ll find a reason to jump ship, initiating the “dump” phase. The latest is artifical intelligence. The majority of the recent stock rally has been made up of gains in the so-called Magnificant Seven, largely all AI-focused. Nvidia, a maker of AI chips, is the biggest winner. This company, who much of the country hasn’t even heard of, now has a market cap of Wal-Mart, McDonald’s, Chevron, Costco, Cisco, and Coca-Cola COMBINED!!! In other words, if you owned 100 percent of Nvidia’s stock, you could sell it and buy all those companies in their entirety at current prices. Sound rational to you? Investors are selling stocks of food, oil, utilities, and entrenched tech companies to buy into the AI hype.

This reminds me when during Covid pump’n’dumpers drove up share prices of Zoom ($559), Peleton ($160), and Pfizer ($60), among others. Those stocks are now worth roughly $68, $5, and $25 per share. Hundreds of examples could be cited from the tech boom of the late 90s. Even Cisco, a maker of critical equipment for the burgeoning internet, was insanely overhyped. The stock was driven to about $80, and the company became the most valuable one in the world. Despite still being an enormously successful company, the stock now trades under $50 about 25 years later, or about 1/10th the size of Nvidia in total market cap. AI is important–no doubt–but we’ve had artificial intelligence forms for decades. We’re simply adding more inputs & faster processing. If you’ve used Siri or Alexa, you know the experience. A lot of what AI can do is cool, but so much of it is still demonstrably flawed and can easily be thrown off by the most basic queries any average human could solve. Think about the disastrous launch of Gemini by Google. This is a company with more data collected than any other in the world. Plus, it’s been the most sought after tech company to work for the past decade, so they’ve had their pick of the best I.T. minds in the world. If the best tech minds with the most data produced the dumpster fire that is Gemini, can we maybe say the hype is getting a little overdone?

x ai artificial intelligence chess moves breaks finger
x musk woke club gemini ai chatgpt mainstream media grok

Social Media Posts of the Day

x state of union recap old man yells at america
x mainstream media truth prostitute for love not their job
x croooked politician calls traitor programs revealed unconstitutional treason crime
fb seinfeld gym mandelbaum

Quote of the Day

quote the science cant challenge what said today hold accountable changed

Message of the Day

message modern democrat party pro war cia fbi spying censorship imprisoning opponents

Other Links That May Interest You

Just for Fun/Non-Political Meme Gallery 15
Libertarian Meme Gallery 7
Lisa Simpson Instructional Messages Meme Gallery
All Political Meme Galleries
Daily Meme Posts