We Are Not Doomed

This is one of those markets where you don’t want to be committed either too long or too short. Maybe 2015 will be better for stock pickers because 2014 has been awful. The problem is these hedge funds, desperate for any yield in a hard market environment, are indecisive and change their holdings on a whim. They are like ‘Let’s buy Chinese stocks today.’ and then tomorrow they are like, ‘Fuck China, let’s buy utilities.’ Then it’s like, ‘Let’s buy small caps.’ and tomorrow like, ‘Fuck small caps, let’s buy large cap tech.’ And this goes on the whole year. Then you end up with a lot stocks down 20%-60% in an otherwise positive market. Unless you’re invested in one of a handful of stocks, such as Facebook or Tesla, forget about it. In 2013, pretty much all stocks went up together, but now you have to be much more careful. That’s why I only recommend and follow dozen or so stocks. The theme for 2014 and beyond is bigger is better, and the America is the best of all. A winner-take-all stock market and economy where valuations for the same six or so web 2.0 companies keep going up, along with Bay Area real estate. Yields keep falling, and to quote Aaron Clarey foreigners keep buying US debt to drive their currencies lower, and because they have nowhere else sake to park their huge surpluses. Compared to most of the world, the US is a safe haven. The odds of America truly defaulting on its debt (instead of a technical default caused by political intransigence) is zero.

Derb writes:

As a science geek from way back in childhood, I fondly think of the world of science—of rigorous empirical enquiry and peer-reviewed results—as a refuge from the general insanity of the social and political worlds: from, for example, the ludicrous and infantile cult of “diversity.”

Science and conservatism are more compatible than people think. It’s the libs in their rejection of patently obvious biological truths who are the real creationists and dogmatists.

In a leftist world of political correctness by vapid talking heads and subservient politicians, intellectualism is where the smartest generation finds the truth, whether it’s the universities, on the trading floor, in the free market, on Reddit and 4chan.

As hard as it may be to believe, we are not doomed. Our side is winning, or at least gaining traction. You can see evidence of this in the backlash against the ‘check your privilege’ campaign, the rise of internet libertarianism, the affirmative action backlash in favor of the meritocracy, the majority of people on reddit and 4chan defending the officers vs. the looters and other scum, and the growing acceptance of HBD, race and IQ realism in mainstream public discourse on various forums. For years,the welfare left has been successful at blocking out the science that disagrees with their anti-biological deterministic views, but the internet has upended the once strong liberal media hegemony. In the example of Ferguson country and any others, sites like reddit correct the lies and omissions by the liberal media

Today’s cognitive elite make the elite of the 80′s and 90′s look like paupers. You got web 2.0 sites less than 4 years old being valued as much as multi-decade old companies. You have what’s app being sold for $19 billion, making each employee $150 million richer. It’s nuts how much wealth has been created since 2008, if only for a few.

This wealth creation boom is only in its infancy, so don’t get your hopes up, libs, that there will be a crisis to bring it all crashing down. Snapchat will be worth $40 billion within 2 years. Uber will be worth $100 billion upon going pubic. Tesla stock going to $500 share. Facebook going to $130. Bay Area real estate will keep going up. Elite, high-IQ institutions like Harvard, Caltech and MIT will still continue to be swamped with applicants, and will serve as gatekeepers to enter the post-2008 cognitive elite ruling class.

America’s future is a more technologically advanced, smarter, more unequal one, of increasing wealth being held in the hands of fewer and fewer people. There’s no escaping the pull of IQ in all facets of post-2008 American society – from educational attainment, wages and wealth inequality. Never before in the history of America has the socioeconomic premium on high-IQ been so great, or the consequences of cognitive mediocrity been so grave and intractable.

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