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There is no point focusing on India s official covid stats of cases and deaths per day as they under report the extent of the covid apocalypse by several orders of magnitude form at least X2 to as much as X10 i.e. it is highly probable that as many as 25,000 people are dying per DAY! Courtesy of super spreader events such as the Hindu Kum Mala festival and mass election gatherings both of which STILL CONTINUE despite the apocalypse. This illustrates what happens when morons are in charge of the government, which Brit s and Americans will know too well, given the catastrophic early response to the virus during 2020. Though India did have the benefit of hindsight, for they dodged a bullet during 2020, so had TIME, nearly a whole YEAR to prepare themselves for probable second and third waves, instead the Indian government did NOTHING, hence the catastrophe that looks set to continue to worsen for several more weeks. Which means India s actual death toll could easily exceed 1 million ....
Aldus Huxley s Brave New world is taking another step towards becoming reality. What s the ultimate way tech companies can only be accountable to themselves? by making ALL of the rules, and I am not talking about congressmen and senators on their payrolls but companies becoming sovereign governments! We ll that s what s happening in the United States right now! Nevada looks set to pass a bill that would allow companies to create governments, separate to the local government, and provide all the trappings that go along with being a government i.e. impose taxes, and maybe have their own AI powered militias, terminators patrolling the borders of the Republic of Google, whilst the workers go on their merry way oblivious to what lies beyond the Google frontier, much like the Hobbits in the Lord of the Rings blissfully living in their shires, whilst the Kings roamed the borders keeping the monsters out of their realms. ....
Current Risk Remains VERY LOW at 5%, Recent highest reading was 15%. This Indicator is one of the neural nets I am working on as my AI takes baby steps into understanding how to interpret the stock market. It s task is to state the current risk of a bear market or crash being imminent i.e. within the next couple of weeks or so. So an independant technical indicator that acts as a warning to HEDGE stock portfolios ahead of further high probability drops in the market. Where my preferred hedging tool is to go short stock index futures so as to capitalise on any drop without selling any stock holdings, and delivering fresh funds to buy more AI stocks at deep discounts just as I did during March 2020. The last time this indicator triggered a warning was late February 2020, so it is NOT a trading indicator but instead advance warning that a correction already underway could turn into something worse so I need to hedge my stocks portfolio to some degree. ....
Tesla s stock price has soared into the stratosphere, touching $900 a share earlier this year with the over hyped Autonomous EV, solar energy stock still trading over $700 a share that values the company at close to $700bn, MORE than ALL of the other auto manufacturers put together! Don t get me wrong, I like Tesla and would invest in Tesla for the long run, but NOT on a market cap $700bn that puts Tesla on a PE of over 1100! For instance Toyota makes 20 times more profit than Tesla yet Tesla is value near 3 times Toyota, what are the investors smoking? Tesla is a auto manufacturer! It should not be valued at about 60X Toyota! That is insane! ....