that’s the problem with shorting because of valuation. You can get crushed while you wait.

Correct. The market can stay irrational longer than most folks can remain solvent. Dr. Burry is worth over $100 mil so he can cover Margin Calls for quite a while.

This is just my personal prediction so YMMV, but between TSLA, Bitcoin, and S&P valuations at near all time highs, I think a reckoning is coming and it will end in Tears for many. When Meek Mill is talking about stocks the top has got to be near

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I sold a bunch of naked puts at 700 and was on edge for a couple of days. Drinking scotch tonight.

The movie, “The Big Short” comes to mind, concerning valuations.


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My shorts keep getting smaller and smaller, as do my pants. Maybe I need to exercise more.

​​​​​​It's one of my all time favorite movies.

Mine too.

can anyone educate a layman on bitcoin and crypto currency? They seem to be more of an indicator of economic stability rather than of actual monetary valuations. BItcoin jumped from 29k to over 40k just this week alone. 25%!!! Similar growth for RIOT and MARA. WHATS GOING ON HERE?

I recall the scene from Big Short where they’re all shouting ‘no no no’ but can’t put my finger on why. Any wisdom from the crowd?

https://youtu.be/wJNJrBvA_1o

institutions are finally adopting it. I wish i had bought more than i did but hindsight is always 20 20 right? My average coin cost is $929.

Yes, there was market "exuberance" over mortgage based securities, but the collapse of the real estate markets due to defaults on sub-prime lending wasn't what torched the world's economy. Yes, it was bad, but alone would have been just "Savings and Loan Crisis" bad.

Rather, it was the all the derivative products (the bets on bets, and bets on bets on bets), that truly magnified the result exponentially, and sank the whole world.

When I see crap being hawked on late night TV (gold, real estate, etc), that's my indication to exit the pattern.

Buy businesses (or shares of a business) and real estate that are a good value. Sell derivatives like options when they are overvalued. Problem solved.