qfx

I mean, look at this “Crypto Fear and Greed Index.” 26. 26! It’s practically begging for sympathy. Last week it was below 20! Below 20! It’s like a participation trophy for financial despair. And honestly, I’m not sure why we need an index to tell us when people are scared of losing money. It feels… redundant. But fine, let’s play along. It’s “fear,” therefore, theoretically, a buying opportunity. It’s not foolproof, obviously. Nothing is. Especially not anything involving digital… tokens. But standard valuation metrics? Forget about it. You can’t apply price-to-earnings to something that has no earnings. It’s just… circular.

The question isn’t if Amazon is a remarkable beast, but whether, at this very moment, it’s still a bargain. Is it a chance to grab a handful of golden tickets before the Oompa Loompas whisk them all away?

More interesting than the numbers themselves, however, were a couple of rather conspicuous purchases. Berkshire doesn’t often shout its intentions from the rooftops, preferring a quiet, methodical approach. But when it does make a move, it’s usually worth a look. And last quarter, it was loading up on two stocks in particular: Chubb and Chevron. It’s like finding a pair of sensible walking shoes amongst a pile of rocket-powered roller skates. Unexpected, perhaps, but undeniably practical.

Now, Micron Technology (MU +3.86%) is having a moment. A big moment. They’re riding the wave of this AI craze like a surfer on a tsunami. Everyone and their cousin wants chips for these AI data centers. It’s madness! But here’s the kicker: can they turn this temporary windfall into something lasting? That, my friends, is the million-dollar question. Or, in this case, the $200 billion question, as you’ll see.