| 00:00 - 00:03 | The S&P has surged to all time highs. |
| 00:04 - 00:05 | Europe has bottomed. |
| 00:05 - 00:07 | China refuses to collapse. |
| 00:08 - 00:12 | Semi stocks are nigh unstoppable. |
| 00:12 - 00:15 | If this goes on much longer our brokers will liquidate us. |
| 00:17 - 00:19 | We should take profits |
| 00:19 - 00:21 | on our tesla puts. |
| 00:24 - 00:26 | My Perma Bear... |
| 00:27 - 00:28 | Tesla... |
| 00:31 - 00:33 | Tesla hit 420. |
| 00:34 - 00:36 | Our puts are caput. |
| 00:53 - 00:58 | Anyone who calls themself a 'contrarian' get out. |
| 01:13 - 01:15 | The market is wrong. |
| 01:15 - 01:17 | The Fed is out of control. |
| 01:18 - 01:23 | There is no trade deal. |
| 01:25 - 01:28 | The US and China will never be allies. |
| 01:29 - 01:31 | We're one tweet away from a bear market. |
| 01:31 - 01:34 | Don't even get me started on the repo market. |
| 01:34 - 01:37 | Central planners have ruined everything. |
| 01:37 - 01:40 | Tesla was supposed to be a zero months ago. |
| 01:40 - 01:42 | My Perma Bear, Whitney Tilson said it was a great short. |
| 01:42 - 01:46 | I wouldn't trust Whitney to run a bath. |
| 01:46 - 01:48 | My Perma Bear, Tesla's subsidies are running out. |
| 01:48 - 01:52 | The subsidy truffle hound will find more. |
| 01:53 - 01:54 | You idiots have doomed us all. |
| 01:56 - 01:57 | You think the market cares |
| 01:57 - 02:00 | about fundamentals like |
| 02:00 - 02:03 | earnings, debt and inflation?! |
| 02:04 - 02:08 | The only thing that matters is Liquidity! |
| 02:08 - 02:13 | After a decade of easy monetary policy that should be obvious! |
| 02:14 - 02:16 | Fighting the Fed is even dumber than |
| 02:17 - 02:21 | getting involved in a land war in Asia! |
| 02:27 - 02:29 | All I ever wanted |
| 02:30 - 02:34 | was to be a skepitcal contrarian |
| 02:34 - 02:36 | and to become famous for my brilliance |
| 02:41 - 02:42 | But the central planners |
| 02:43 - 02:47 | have made that impossible. |
| 02:48 - 02:53 | There is no place for original thinking anymore. |
| 02:54 - 02:56 | The only way to make money |
| 02:56 - 02:59 | is to close one's eyes and buy the SPY |
| 03:00 - 03:02 | like a fucking peasant |
| 03:04 - 03:07 | It's OK. Jack Ryan says the SPY is still a good index fund. |
| 03:14 - 03:16 | Maybe we should close down. |
| 03:19 - 03:23 | Our funding is no longer... |
| 03:25 - 03:26 | Secured. |
| 03:31 - 03:33 | Passive has won. |
| 03:40 - 03:46 | But if everyone goes passive, active will be even more critical |
| 03:46 - 03:49 | The central planners will eventually lose control |
| 03:53 - 03:56 | Let's start a newsletter service. |
