...valuing the market at 51X LTM earnings during the present parlous moment in time – or even nearly 27X if you want to give the financial engineering jockeys in the C-suites a hall pass for $77 billion of mistakes and losses this quarter alone–is nothing short of nuts.

Sure, let's buy companies that will take 51 years to actually earn enough to reasonably profit from our investment. This isn't just betting on share price, no...

This is why everyone says long/short like they are options traders nowadays. It's just gambling, not investment.

...posing and posturing have become a mass phenomenon, the tattooing of our time. Of nothing is this more true than contemporary Woke morality. Whereas not long ago young people of the middle classes sought to express their sympathy for the lower and supposedly oppressed orders by imitating their tattoos and way of dress, imitation being the highest form of empathy available to egotists, they now express the same desire by making Wokeness the touchstone of their morality. They think they are rebelling when, of course, they are conforming. They do not realize that it is more difficult, and more courageous, to contradict a friend than to criticize a society.

Can confirm 100%. That said it's essentially impossible to "live in a society" completely eaten by this stuff without "making the trend your friend".

While I find most of this social media stuff to be ridiculous nonsense you can make it work for you if you realize it's just there to build your brand rather than anything genuine. That's all Woke, Inc. thinks they are doing -- but brand building is all about reliably demonstrating higher value, not helping people identify with you. Customers want to be more than they are, and do not want to identify with something on their level. They chase "better".

Bingo, it's all about planting your sucker as close to the money spigots as possible. Once that no longer has any value the cities have to shrink back to the level they can actually work. I think that ironically it's the most dispersed cities like those in Texas that will do the best.

Interesting that CHS also put out an article on shrugging; I personally know a few people who have done so recently. This is the biggest sign to me that the current crisis is actually more serious than it seems.

Lots of great brain droppings here:

Ten percent of my social media notifications every day for the last four years:

“Caitlin I’ve noticed you have opinions about the most powerful and influential government on planet earth. As an American, I find this strange and suspicious.”

As the whitebox for Walmart. Fitting, since they were little more than high quality whiteboxes in the past.

Scott figures out why anyone who excels gets pushed into entrepreneurship and the hustle economy.

Unsurprising.

How to create an authoritarian police state. Sounds like the county will empty of people soon enough.

Oh my god, this is better than some youtube poops. If this is the competition from the majors, no wonder it's easy money online.

After getting better. We're now entering the hangover of the mania spurred by the end of lockdown 1, as we settle into the permanence of lockdown 2.

It's been well known that if you seriously oppose the wishes of the killer bureaucracies you end up dead, president or no.

This is why I never believed these twerps; I have a longer than 3 second memory.

At the end of the day it's always about freedom.

Pretty sure that's the actual point

Apparently you can leverage vaporware and break delivery promises all the way to being the most valuable automaker on the planet, so why not?

“We knew that the Mitkus et al. paper modeling aluminum clearance had to be inaccurate since it was assuming that injected aluminum kinetics were the same as the kinetics of aluminum acquired through diet. Now, in addition, we see that they did their modeling based on using the incorrect level of aluminum absorption. What is particularly striking is that despite all these errors, since 2011, Mitkus et al. is used by CDC and other entities as the basis for claiming that aluminum adjuvants are safe.”

oops

The large corporations are indistinguishable from GSEs at this point

Yet more evidence it is 1000% hokum.

BONUS: Yet another analytics firm runs the numbers and finds out the lockdowns were worse than worthless.

At this point the preponderance of evidence is massively against mandated restrictions on the healthy and business. I have posed this question repeatedly to people: what are you doing to prepare for a catastrophic meteor impact? If they say anything but "nothing, as there's nothing anyone can do" I immediately know they put feels before reals. Nobody stopped screwing because of AIDS, they damned sure ain't gonna stop socializing for a cold.

The rona' lockdown has an epidemic of teeth grinding happening.

The emergency measures and lockdowns will however remain.

I might actually think about voting if there would be real peace in Afghanistan and a full withdrawal. It won't happen though.

They know what is coming.

Amounts to nothing, because the government never gives a damn about their own rules. Those are for the plebs. The only reason they ever will obey a restriction on themselves is because the individuals doing the enforcing have an ego investment in the whole "rule of law" myth.