View from the Shitter

Market Outlook

Shit is blowing up all around us and this is not a Russia/Ukraine metaphor.  Twilio went to $250 after a relief earnings report and then dropped thereafter to $158, down a mere 40% in 2022.  Roku dropped a mere 32% this week and is down 51% for the year.  Fastly ain’t fast anymore dropping 33% this week.  No longer the king, Draft Kings is down 38% this year.  Paypal is no longer your friend, dropping 46% in 2022.  I mean the landmines are truly incredible.  If you haven’t been impaled in 2022, you are doing just fine folks!  Imagine if Jonah Lupton or Puru (“I am long”) were really trading the names they give out.  They would be working at McDonald’s.  This isn’t the Year 2000, but it sure is a bear market for growth, resetting valuations to levels that in many cases finally start to make some sense. So what’s next?