I stumbled upon Mike's stuff by accident, but once I saw my first take of one of his interviews, I then searched for everything I could hear from him. I think the guy is absolutely spot on with his theory of passive investing distorting markets -- watch the flows of funds people, when it even begins to slow, little alone turn negative, the game is over and you'll see a wind swing to the downside. Watch the vix -- Mike is exactly right on this point as well.
It’s also low rates causing an acceleration into passive investing. Basically the lower the expected returns the more fee sensitive individuals and institutions need to be.
Imagine a scenario where the mentioned marble example compounds with High-Frequency Trading while the market is tied with short / longs / short messes ... I can't see the FED / Treasury not overblowing in a situation where the market collapses ... We're going to see 10 Trillion plus rescue package handed left and right, followed by identical jabs to the populace rioting in the streets. We'll have 20 trillion plus printed within the next 12 / 18 months ...
Active management works, it always has...but there is a limit to "good" active management. Buffet proved for the most part that people that don't want to put in the work can get into an s&p 500 index fund and be good to go. However most of the population doesn't read or learn even that small amount, they just play with it like casino money.
Yes ironically you forgot to read in between the lines that market makers have to look for availability of shares when any crowd of ppl place GameStop call options and Vanguard controls the large share of distributing the liquidity shares on the backend. Additionally Vanguard is unable to provide the supply of shares to meet liquidity conditions to facilitate shorting an equity mainly because they are passive ie they don't execute transactions based on price signals but only on whether you ask to sell or buy regardless of price. Vanguard essential withheld those shares thus constructing supply caused large price spikes on GameStop shares to the point that GameStop made it to the index which after GameStop issue was bought by noon other than yours truly, Vanguard. Plus let's not forget, Vanguard corners the global market in terms of liquidity with 15 trillion dollars in assets under management and are functionality a monopoly this their transactions as a larger player affects price movements.
Bitcon and Tesla less than $666 in 33 months. So let me get this straight, Microstrategy and Tesla do capital raises to buy Bitcon which makes Bitcon go up, which makes Microstrategy and Tesla more valuable thanks to the Bitcon they just bought, squeezing the shorts sending Microstrategy and Microstrategy higher, enablling them to do another capital raise to buy more Bitcon which makes Bitcon go up which makes Microstrategy and Tesla go up enablling them to do another capital raise and so on and so on? Rinse and repeat? It only took them 10 years to decide Bitcon is worth 100's of millions of their company's cash? Microstrategy? Tesla? Only 10 years? How long does it take these guys to match their socks in the morning? These guys must be rocket scientists. LOL. Only 10 years! They like Bitcon at $ 30,000 plus, not at $ 1000 or $ 5000? Obviously this is a Ponzi. They should be investing in farm land if they don't want cash. How about buying their own stock back? Because their stocks are wildly overvalued. And what happens when all the Chinese are done hiding their wealth in the wake of the "Disappeared" Millionaire Billionaires? The Chinese will pay any price for Bitcon. That will end. Gold is being accumulated by the illuminati while the peasants are being suckered into the mother of all ponzi schemes. I remember Harry Blodget pumping dot com stocks and no one seeing the housing market bubble. And here we are again. New suckers born every day. You think these companies are going to alert the media when they start dumping Bitcon?
This guy's green screen approach is an unmitigated disaster. The video is unwatchable! Spend some money and get out of the dark ages.. You look silly Pro tip use OBS nothing comes close when configured right.
