If $AMD were cheaper, it'd be a buy for the treble damages awarded if/when $NVDA is finally prosecuted under antitrust law.

Dumb da dumb dumb da. The CoreWeave selloff shows a pressure point from climbing borrowing costs wsj.com/finance/stocks/the-r… via @WSJ

Saw @rushtheband last night on the Fifty Something Tour. Absolute must see if one can

October 2026 Charity of the Month Siloam Health now cares for about 6,000 marginalized patients each year across 20,000 encounters, now through two clinics. Please donate. siloamhealth.givevirtuous.or…

Bloomberg: Bloomberg Opinion) -- Skeptics of the artificial investment boom are doubling down. Billionaire Ray Dalio warned last week that the bubble was near its bursting point, while Michael Burry of the Big Shortfame brought forward the timeline for his bearish thesis. SoftBank Group Corp. founder Masayoshi Son’s attempt to set up another $100 billion AI-focused venture capital fund will only give the doubters more ammunition.

Cassandra Unchained's October 2026 Charity of the Month is Siloam Health, a non-profit, donor-supported medical clinic that primariy serves the uninsured, working poor and newly arrived immigrants and refugees who do not quality for traditional government assistance. I have personally vetted this charity and it is remarkable how far they make a dollar go. Please consider donating to Siloam Health if it so moves you. @SiloamFHC 5% of gross revenues from Cassandra Unchained in the month of October will go to Siloam Health.

Why I swapped common stock for the junior preferred shares of Fannie Mae & Freddie Mac. $fnma $fmcc @FHFA

Aerosmith, the greatest American rock band. youtu.be/4st8w8g9xPs?si=rdms…

Developments with Fannie & Freddie , Hong Kong Value Stocks, Dealing with value stocks late in a bull market, consolidating a big short. This is how the sausage is made. More data, more information.

Well well well. Well. Bloomberg: Broadcom CEO Likens Many AI Investors to Casino Gamblers and more... Broadcom’s Tan said AI model developers need to find customers that can generate returns from deploying the technology, rather than relying on users who are now “wasting money” on tokens as they experiment with AI. “When you are a kid you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything,” he said. “That’s what happening in enterprises today.”

Fannie Mae & Freddie Mac need Thor's Hammer to unleash the value. Or so it seems. Thor's looking too fat and lazy to wield it. What next?

New X article. This past week I made a move in both Fannie Mae & Freddie Mac. Both stocks have retraced essentially all their gains since Trump’s election, and they put in a giant head-and-shoulders-and-elbows top for added emphasis.

Salad days for home builders won’t last. Not a fan of home builder stocks. Building is a commodity business. Land appreciation/development is most of the ROIC. Housing shortage is mostly because people are failing to pair up. Square feet of housing per capita are at all-time high. wsj.com/economy/housing/homh…

Demand has nosedived since mortgage rates rose above 7%. Sales of new homes per community in September normally slow by 4% on average compared with August as the buying season winds down. They are down 18%.

By early 2000, 70-80% of stocks were in bear markets, and the indices continued to move higher. I have a word for that. Denial.

New Short Thoughts article - The AI Cloud Oligopoly, Stages of Grief & a Flashing Bear Indicator Denial is most easily found in market breadth indicators. I follow one in particular that seems to give a strong signal every few decades.

In this article I greatly expand on this tweet. The market's grieving process has been interrupted the last couple decades by heavy doses of monetary and fiscal cocaine. So much so that it is now hard to tell if grief can ever find its position again. Denial is perhaps most easily found in market breadth indicators, and I follow one in particular that seems to give a very strong signal every few decades. <blockquote class="twitter-tweet"><p lang="en" dir="ltr">The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months.</p>— Cassandra Unchained (@michaeljburry) <a href="x.com/michaeljburry/status/2…">October 6, 2026</a></blockquote> <script async src="platform.x.com/widgets.js" charset="utf-8"></script>

A fun game in times like these is to go to the S&P 500 Index and see how many profitable companies one can buy with the bubble private company valuation. The number that Anthropic’s valuation buys is 78, including Domino’s, Clorox, Smucker, Stanley Black & Decker, Deckers, lululemon, McCormick, Tractor Supply, NVR, Albemarle, FedEx Freight, News Corp, Alllian Energy, Kimco Realty, Hormel Foods, Clorox, Weyerhauser, DaVita, Zimmer Biomet, Lennox, Masco, A.O. Smith, MGM, Wynn, Brown-Forman, Norwegian Cruise Lines, Hungtington Ingalls, and many more. The largest inflation adjusted valuation at pre-IPO of 1990-2000 was UPS at $119 billion, 92 years old at the time. That was 26 times earnings at a net margin of about 8.6%, 2.4x sales.

The only reason the CEOs of these tech monopolies are spending wildly on data centers like they are is because they assume they will be granted an oligopoly that is too big too fail.