@Convertbond / appears on master-investor, master-investor, master-investor, master-investor
It's a colossal sucking sound of liquidity out of the market because there's only so much capital in the bond market and in the stock market. And when you have this kind of aggression of dumping of shares at very high valuations, the probability that this creates kind of a crash, not like it, not an '87, but a serious hit to the market is very high, very high.
we're destroying the S&P 500 and the NASDAQ because over time, what we're doing is we're putting companies in later and later and later at higher and higher valuations. And it's going to well, investors are going to pay the price over the next 10 years
companies like Meta are going from $80 billion of free cash flow to almost negative or Oracle going from $50 billion of cash flow to negative 20, free cash flow to negative 20.
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"name": "Lawrence McDonald",
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}AISO Market Calls classifies public statements from public sources. A classification such as long thesis, short thesis, or explicit call describes the content of the public statement and does not prove that the speaker actually entered, exited, or held a position. Market performance shown is calculated from public market data around the source publication or timestamp. It is not investment advice.
The S&P's least-crowded half catches up as the mega-cap concentration that passive money pumps mean-reverts, rewarding the names a market-cap fund underweights over the coming decade.
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