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E102: Elon closes Twitter deal, $META uncertainty, Zuck's historic bet, big tech decline & more
All-In with Chamath, Jason, Sacks & Friedberg
The Market Bottom Is in for the Short Term
At the peak in May of this year, it was still 25 cents of every single dollar of the S&P 500 were these five companies. And we always said the market bottom will be when the generals quote unquote get shot to borrow a phrase from Gavin Baker. Every single one of those companies other than Apple really reported pretty crappy earnings. They got totally taken to the woodshed. Yet the markets are ripping higher today.
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