Tina died in 2025…
Speaking of tops, on January 12, we posted an eerie chart of CSCO against the last remaining generals left in the markets using SMH as the proxy (we urge you to re-read here). Let’s revisit: “In summary, we’re bears. Now raging Kodiak Bears… We were just starting out in this business when we realized that…
Where Did the Margin Go??
Our thinking hasn’t changed since last week, but this week’s price action is worth revisiting. In summary, we’re bears. Now raging Kodiak Bears… We were just starting out in this business when we realized that the wheels were coming off the tech bubble and spending on networking was about to fall off a cliff, to…
January 5, 2025, Vol. 206
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Mean-reversion is imminent…
Last week, we showed the 1 chart to rule them all. It was the chart of Q4/Q1 of 2021/2022 overlayed with the current market tracking almost perfectly. Since then, this year has tracked reasonably well (shocking…). If the comparison holds, then the selling starts this week when everyone gets back from vacation. Though, we’re willing…