Are you buying or crying in this market? Here's what people at Stocktoberfest had to say...

JP Morgan CEO Jamie Dimon at an investor cocktail event last night on AI (part 2): "What if, I think there are 2 million commercial truckers in the United States, and there are lots of other examples you can give. There's a thought exercise, and you could push a button,

I really want people to see the story above the story here, which is that whether you're reading Citrini, or listening to Jamie Dimon at a cocktial party, the conversation about AI is a marketplace of competing science fiction narratives. That's not to say I think the

Every person after reading the Citrini article be like

Seems that the margin calls have started to arrive...

Gasoline prices starting to spike in the U.S. … daily average now up to $3.198, which is the highest since September

I think about this a lot: Blackberry (recruiting) told me in 2008 that the iPhone was the best thing that ever happened to them. “Apple is marketing for us, growing the market of smartphone users.” BlackBerry growth actually accelerated after the iPhone launched.

The private equity complex is in the midst of a pretty nasty crash Current drawdowns from the highs: Carlyle -25% Apollo -39% Ares -42% Blackstone -43% KKR -44% Blue Owl -61%

i would have been so stoked for those fucking bureaucrats to leave so i could abandon my spreadsheet job and go back to my sheep

Well worth the read: colleagues poured over satellite data to determine whether strikes on #Iran were as targeted as claimed. Result: they're not. bloomberg.com/graphics/2026-…

some cities seeing average diesel prices rise nearly $1.50/gal from a week ago, according to GasBuddy data

YARDENI: “.. We can’t rule out a bear market if investors start to anticipate a Stagflating 1970s Redux scenario. .. We are lowering the ‘Meltup’ scenario from 20% to 5% and increasing the ‘Meltdown’ scenario (which now includes a 1970s-style stagflation) from 20% to 35%.”

LET IT RIP! Oil is surging as the world experiences its largest oil supply shock in history. The $HIMS chart looks like it took some of its own medication...

does everyone remember when NFTs were a thing, and big corpo ewas like yessss buy land in digital cringe world it will for sure work out. Weird. Anyway AI is worth $2.9 Trillion but makes negative $500B a year rn