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  • The average investor has reached that "stoopid" bullish level typical of market tops, anyone who is anyone has a venture capital arm these days, and European equities take a tumble.

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  • Why the recent weakness in the dollar is noise not signal, global real estate is back in bubble territory, and China is just making up numbers as super-silly-season continues.

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  • Valuations of Chinese tech stocks are now double that of US tech stocks at the height of the dot com bubble... this has become a Super-Ponzi, openly backed by the Chinese government.

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  • I like... fat... tails and I cannot lie... you vol sellers can't deny...

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  • Here is what winners understand, deep down in their gut, that the mediocre masses don't: Failure paves the road to success.

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