patrick.net

Wall Street may have pulled off being able to create enough stocks to satisfy the sheer dollar amount being thrown into the sector. It's got Space-X coming public for about $1 trillion, Open AI for about $500 billion, Anthropic for about $350 billion, along with a spattering of other names for tens of billions each. About $3 trillion of brand new stock never been used before with that "new stock smell". There's not enough domestic "savers" for these new issues so Wall Street will have to con some foreign money maniacs to help out. Course, some folks will sell out of their used stock to get in on the latest and greatest....but oh well fire in the hole.

I think it is about risk, not necessarily voaltility. For example, you could own a stock in a solid company or mutual fund that plods along, maybe just holding its nominal value, maybe just keeping up with the rate of inflation. Low volatility.

It’s also about magical future revenue, especially for revenue-less stocks, like a lot of biotech startups.

UST’s are considered risk-free (so far) as the US gubberment hasn’t defaulted. The PTB always keep the casino paying out. E.g., Timmay.

Stock market was not hurt by the actions in Venezuela today.

Performance for 2024-2025:

Gold +64%

Silver + 145.9%

Gold/Silver Ratio -33.3%

Platinum +129%

Palladium + 78.7%

US dollar index - 9.4%

Dow in Gold -31.1%

S&P500 in gold -29.0%

Dow Industrials +13%

S&P500 +16.4%

Nasdaq Composite +20.4%

Nasdaq 100 +20.2%