Traders putting on the short squeeze aren’t motivated by greed. They’re engaged in an anger-driven uprising against the establishment.
Anger Is an Energy
The saga of GameStop Corp. continues. By the end of another frenetic day of trading Tuesday, the stock had just topped its high from Monday. Between those peaks, it staged a fall of more than 50% on Monday afternoon. Colleagues have followed these extraordinary developments as they happened. I will try for now simply to process the single most important question: Is this just a weird technical situation, of the kind that comes along every few years, that can otherwise be safely ignored? Or does it tell us something important about market conditions as a whole?
GameStop's share price surged back to set a new high Purely qualitatively, based on what I have witnessed, I think it does matter. The signal it sends is disquieting, if not surprising. It also introduces us to a new variant on an ancient market phenomenon.
The cliche is that market capitalism works on the balance between greed and fear. The standard defense is as follows: If the greed to make money by beating the competition is matched by a fear of failure through making too many mistakes or cutting corners, then capitalism works. Nothing else yet discovered gives people such an incentive to work and create growth. Speculative bubbles happen when greed becomes excessive, or when fear diminishes too much. Easy money and easier trading with derivatives oil these emotions and allow them to run riot. The financial crisis of 2008 happened in large part because years of policy had convinced investors that there would be a bailout if they failed; they lost their fear, and greed took over.
This feeds into the debate over whether we have a speculative bubble at present. Markets are pervaded by gloom and worry, so there is no lack of fear — even if confidence that interest rates will never rise is growing excessive. Meanwhile, there is little in the way of greed. Cryptocurrency has generated excitement, as has Tesla Inc., but in the main the frenzy over a historic opportunity to get rich, of the kind that was everywhere in 1999, is lacking. This is a different, worried world. The last two decades have stripped it of its positivity. The mood is nothing like the great bubbles of the past.
Instead of greed, this latest bout of speculation, and especially the extraordinary excitement at GameStop, has a different emotional driver: anger. The people investing today are driven by righteous anger, about generational injustice, about what they see as the corruption and unfairness of the way banks were bailed out in 2008 without having to pay legal penalties later, and about lacerating poverty and inequality. This makes it unlike any of the speculative rallies and crashes that have preceded it.
On Monday, I argued that it was misplaced to take pleasure at the pain for the short-sellers who had attacked GameStop stock, and then been subjected to a “short squeeze” for the ages by traders coordinating on Reddit. I received a bumper crop of feedback. Here are some representative samples (leaving out many with unprintable expletives):

“You kind of miss the point of what is going on with GameStop. How much did Melvin pay you to write this garbage? shill. Literally trying to protect an industry trying to fleece jobs from low income workers. Sleep well chump.”
“Watching entitled institutional shorts whine on TV and OP EDs that millennials equipped with margin accounts & zero fees are collaborating on Reddit to target them is my new favorite sport. Looks perfectly healthy from where I'm sitting, which is on bull side :) plus 1 for the little guys.”
“Normal isn't putting the retail trader down for being independent while organized hedge funds force you to take their way or suffer in fear. Normal is the American dream and being able to make your own way. This isn't a casino. This is a riot.”

One respondent warned that the people squeezing the shorts aren’t “a herd of impressionable youngsters with Robinhood accounts. No. They are an experienced & ruthless army of insomniacs followed by a silent legion of rapidly learning new traders. This is a new paradigm that won’t go away.”
Another told me I was a “dumb boomer” amid a screed of unprintable epithets. (Point of information: I’m just too young to be a boomer. I’m in Generation X, but it’s the intergenerational antagonism that’s noteworthy.) Another said that the short squeeze was just a way for millennials to recoup the money they had been forced to pay to bankers during the TARP rescue 12 years ago, and to put coronavirus relief checks to work:

“In other words, poor people have too much money and are now controlling the narrative. Damn those $1200 stimulus checks and $600 unemployment supplements. Too much liquidity, let's get these folks back to living paycheck to paycheck.”
“I know. Democratisation of the market is so damned inconvenient for those of us with money.”
“nobody cares about your hedge fund cronies!”
“Bloomberg defending the suits. Not surprised. They’re just mad the rubes are in on the joke now. Might this force the Fed’s hand? Too many regular people in on the game.”

This is all fascinating. In the space of 12 years, the role of the short-seller has turned on its head. Back in 2008, it was the shorts who upset the status quo, revealed what was rotten in the state of Wall Street, and brought down the big shots. They were even the heroes of a big movie. It was the Wall Streeters who attacked them.
Alienation has deepened since then. Short-selling hedge funds are now seen as part of a corrupt establishment, as is the media. The motives of anyone defending the shorts, or anyone wearing a suit, must be suspect. And there is a deep generational divide; those unable to own their own home and forced to rely on defined contribution pensions have a stunningly unfair deal compared to those a generation older, living in mortgage-free homes with guaranteed pensions. That percolates into anger, and a determination to right the scales by making money at the expense of corrupt short-sellers.
We lack precedents for an angry bubble, so predictions are even harder than usual. But there are enough similarities with past incidents to raise serious cause for concern.
First, the little guys have had their success so far with the aid of margin accounts, and by using derivatives. We know what happens when these things are used to excess; even the Dutch tulipmania relied on margin debt and derivatives. Little guys (and everyone else) deserve safer tools with which to build wealth.
Second, “democratization of finance” isn’t new, and in itself is nothing that anyone can object to. The problem is that investment and financial planning are difficult, and require time. Regulate these things, and you no longer have true democratization. Leave people free to take chances, and you get disasters like the bursting of the dot-com bubble in 2000. That also followed plenty of hype about the success of the “little guy,” and the first great explosion of online discount trading succeeded in sucking an army of new retail investors into the bubble’s final climax. Unregulated “democratization” led to the little guy bearing the brunt of the losses.
“Democratizing” finance also leaves newly enfranchised financial citizens prey to spivs and frauds. I started my career covering the disastrous repercussions of one of Margaret Thatcher’s last reforms in the U.K. — giving people the right to leave their defined-benefit pensions, offered by employers, and take on defined-contribution “personal pensions.” Unscrupulous salesmen persuaded miners, firefighters and police officers to abandon copper-bottomed index-linked pensions for plans that came burdened with excessive charges. It was a repellent spectacle, and the bill for compensation was in the billions.
These points doubtless make me appear to be a complacent shill for the financial industry, talking down to the rubes. For the record, I’m still angry about the way workers were ripped off in Britain more than three decades ago, and about the way the little guy ended up bearing the brunt for the financial implosions of 2000 and 2008. But it looks horribly to me as though the same thing is going to happen again — and I don’t think the answer to today’s many ills is to empower poor people to bankrupt themselves with margin accounts and derivatives.
Anger, even more than greed, has the capacity to make us throw caution to the winds. Many of us have a lot to be angry about. If this carries on, and spreads beyond targets like a video-game retailer, I don’t want to see the consequences when history’s first angry bubble bursts.

1. Has acquired 3 new revenue producing companies in 3 weeks. Health Care and Wellness Clinics of America, LLC ("HCWCOA"), and Corporation Clinic, LLC ("Corporation Clinic") Chai MD, Hip n Chai and Get Medicated.

1. LOI for CIGN a 4th revenue producing company (He is already CEO of CIGN) They're finalizing the acquisition of CIGN Farms in FL. They grow and distribute hemp and hemp seeds for CBD products, etc.

1. Hired Karma Snack Agency as marketing firm.

1. Jan 8th PR saying Filings Imminent and are excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks..

• My discount bot to help /wallstreetbets. It took me almost a year to develop it to my standard.
• My private codes was used to develop it, and it's very unlikely I will sell it off to anyone or publish the code freely as it took me way too long to develop it. I rather post updates freely, at no cost to anyone than give out the code.
• I will not be posting this hourly. It just too long to load everything up maybe in the future. I will post during open though.
• Discord and telegram admins, don't try to monetize my bot suggestions to vulnerable people, when you don't even own the codes behind it.
• There are a lot of SPY500/"boomer" companies within the bot, I thought about removing it but many people preferred that I kept it in there.
• There won't be any sell signals, as stocks only go up, so I rather just do a discount algorithm.
• Batch 1 = Algorithm/Bot + Human Judgement
• Batch 2 = Algorithm/Bot Judgement Only
• This is a one man bot.

• Pharma companies are very risky.
• Meme/Hype stocks are very risky.
• Companies that you don't know how they work are very risky.
• Follower companies are very risky because they join the hype train (what NKLA is to TSLA).
• I have a very low amount in options (less than $500), and I have 100k+ in shares and cash.
• When doing options have a lot of collateral, so you don't hit margin call.
• Take the "Calls" as very discounted, and "Potentially A Call" as somewhat discounted.
• Old money companies are slow. While tech companies are fast-paced.
• Only invest in companies that you do know and see potential in.
• You don't have to invest every day, only when you see the potential.

At Close of Monday

• TDG TransDigm Group Incorporated 560.11 Aerospace & Defense
• AXP American Express Company 121.15 Consumer Finance
• DFS Discover Financial Services 89.06 Consumer Finance
• RCL Royal Caribbean Cruises Ltd 68.42 Hotels, Resorts & Cruise Lines
• LYV Live Nation Entertainment, Inc. 69.21 Movies & Entertainment
• CSRA Cisadane Sawit Raya PT 306
• CRSP Crispr Therapeutics AG 181.24

• HWM Howmet Aerospace Inc 25.83 Aerospace & Defense
• LUV Southwest Airlines Co 45.62 Airlines
• UAL United Airlines Holdings Inc 40.38 Airlines
• MGM MGM Resorts International 29.98 Casinos & Gaming
• FCX Freeport-McMoRan Inc 28.98 Copper
• HST Host Hotels and Resorts Inc 13.89 Hotel & Resort REITs
• CCL Carnival Corp 19.22 Hotels, Resorts & Cruise Lines
• HES Hess Corp. 58.05 Integrated Oil & Gas
• BKR Baker Hughes Co 21.05 Oil & Gas Equipment & Services
• HAL Halliburton Company 18.63 Oil & Gas Equipment & Services
• NOV Nov Inc 12.7 Oil & Gas Equipment & Services
• FTI TechnipFMC PLC 10.55 Oil & Gas Equipment & Services
• APA Apache Corporation 15.73 Oil & Gas Exploration & Production
• FANG Diamondback Energy Inc 61.33 Oil & Gas Exploration & Production
• MRO Marathon Oil Corporation 7.82 Oil & Gas Exploration & Production
• GGP Greatland Gold plc 26.75
• CBE Cobre Ltd 0.26
• JOY Journey Energy Inc 0.31
• QEP QEP Resources Inc 3.03
• ARG Argos Resources Ltd 2.62
• TLRY Tilray Inc 17.18
• QS Quantumscape Corp 47.63
• LI Li Auto Inc. 31.99
• XPEV Xpeng Inc - ADR 54.65
• NIO Nio Inc - ADR 59.99
• CUK Carnival plc 16.45
• NTLA Intellia Therapeutics Inc 71.4
• BP BP plc 23.07

• Coca-Cola Co KO 48.78 51.44
• Xerox Holdings Corp XRX 20.75 23.03

• Boeing Co BA 203.36 213.39
• Lockheed Martin Corporation LMT 343.51 349.57
• Raytheon Technologies Corp RTX 66.28 70.66
• FedEx Corporation FDX 253.48 256.78
• United Airlines Holdings Inc UAL 40.38 44.48
• DISH Network Corp DISH 30.7 32.77
• Las Vegas Sands Corp. LVS 52.98 57.8
• Automatic Data Processing Inc ADP 163.68 169.48
• Fidelity National Information Servcs Inc FIS 127.81 137.22
• Fiserv Inc FISV 106.71 113.04
• Global Payments Inc GPN 185.08 204.36
• Jack Henry & Associates, Inc. JKHY 152.5 161
• Paychex, Inc. PAYX 86.96 91.47
• Brown-Forman Corporation Class B BF.B 71.97 77.16
• Cintas Corporation CTAS 328.13 345.82
• Copart, Inc. CPRT 112.9 122
• Edison International EIX 59.4 62.28
• Entergy Corporation ETR 94.75 96.59
• MarketAxess Holdings Inc. MKTX 509.35 550.45
• Moody's Corporation MCO 266.55 281.44
• Atmos Energy Corporation ATO 90.44 92.02
• Universal Health Services, Inc. Class B UHS 127.56 137.55
• Marriott International Inc MAR 119.62 129.63
• AT&T Inc. T 29.11 29.23
• Booking Holdings Inc BKNG 2018.43 2216.51
• Verisign, Inc. VRSN 192 205.89
• IBM Common Stock IBM 118.58 128.31
• Ameren Corp AEE 75.08 75.74
• Boston Properties, Inc. BXP 91.28 93.68
• Nov Inc NOV 12.7 14.72
• Kellogg Company K 59.84 60.7
• Perrigo Company PLC PRGO 44.5 45.12
• Nektar Therapeutics NKTR 17.74 18.31
• Arconic Corp (PITTSBURGH) ARNC 27.5 30.25
• Coty Inc COTY 6.86 7.12
• Cisadane Sawit Raya PT CSRA 324 383.56
• Greatland Gold plc GGP 28 35.08
• Nuformix PLC NFX 2.59 2.83
• Air Transport Services Group Inc. ATSG 26.71 29.51

At Open of Tuesday

• Electrical Components & Equipment ROK Rockwell Automation
• CSRA Cisadane Sawit Raya PT
• BILI Bilibili Inc - ADR
• Alcoa Corp AA 18.99 23.86

• Copper FCX Freeport-McMoRan Inc
• Technology Hardware, Storage & Peripherals XRX Xerox Holdings Corp
• GGP Greatland Gold plc
• CBE Cobre Ltd
• ARG Argos Resources Ltd

• Paychex, Inc. PAYX 86.83 90.99
• Brown-Forman Corporation Class B BF.B 72.59 76.84
• Verisign, Inc. VRSN 192.13 204.74
• Marriott International Inc MAR 120.33 129.19
• Xerox Holdings Corp XRX 20.07 22.88

• Boeing Co BA 206.14 212.53
• Howmet Aerospace Inc HWM 26.14 28.21
• Huntington Ingalls Industries Inc HII 168.76 171.07
• TransDigm Group Incorporated TDG 565.72 606.2
• FedEx Corporation FDX 254.21 255.93
• United Airlines Holdings Inc UAL 41.1 44.32
• Las Vegas Sands Corp. LVS 53.24 57.49
• Fidelity National Information Servcs Inc FIS 127.36 136.59
• Fiserv Inc FISV 107.03 112.67
• FleetCor Technologies, Inc. FLT 262.95 273.03
• Global Payments Inc GPN 187.76 203.16
• Jack Henry & Associates, Inc. JKHY 152.88 160.58
• Copart, Inc. CPRT 112.19 121.26
• Edison International EIX 59.64 62.11
• Twitter Inc TWTR 49.73 50.85
• Booking Holdings Inc BKNG 2044.21 2211.4
• IBM Common Stock IBM 119.49 127.91
• Live Nation Entertainment, Inc. LYV 69.53 74.52
• Boston Properties, Inc. BXP 92.78 93.48
• Baker Hughes Co BKR 21.3 22.59
• Halliburton Company HAL 18.89 20.6
• Nov Inc NOV 12.97 14.68
• MarketAxess Holdings Inc. MKTX 504.58 546.91
• Moody's Corporation MCO 267.84 280.84
• Msci Inc MSCI 401.37 437.74
• Universal Health Services, Inc. Class B UHS 129 137
• Host Hotels and Resorts Inc HST 13.7 14.79
• Carnival Corp CCL 19.29 21.07
• Royal Caribbean Cruises Ltd RCL 68.34 74.19
• Fortive Corp FTV 67.9 70.98
• CSX Corporation CSX 87.71 93.01
• Verisk Analytics, Inc. VRSK 186.76 200.45
• Coca-Cola Co KO 48.96 51.13
• Arconic Corp (PITTSBURGH) ARNC 27.6 30.16
• Greatland Gold plc GGP 27 34.73
• Nuformix PLC NFX 2.56 2.82
• Air Transport Services Group Inc. ATSG 26.42 29.27
• Carnival plc CUK 16.62 18.26
• ArcelorMittal SA MT 22.55 24.16

• Under Construction

• My discount bot to help /wallstreetbets. It took me almost a year to develop it to my standard.
• My private codes was used to develop it, and it's very unlikely I will sell it off to anyone or publish the code freely as it took me way too long to develop it. I rather post updates freely, at no cost to anyone than give out the code.
• I will not be posting this hourly. It just too long to load everything up maybe in the future. I will post during open though.
• Discord and telegram admins, don't try to monetize my bot suggestions to vulnerable people, when you don't even own the codes behind it.
• There are a lot of SPY500/"boomer" companies within the bot, I thought about removing it but many people preferred that I kept it in there.
• There won't be any sell signals, as stocks only go up, so I rather just do a discount algorithm.
• Batch 1 = Algorithm/Bot + Human Judgement
• Batch 2 = Algorithm/Bot Judgement Only
• This is a one man bot.

• Pharma companies are very risky.
• Meme/Hype stocks are very risky.
• Companies that you don't know how they work are very risky.
• Follower companies are very risky because they join the hype train (what NKLA is to TSLA).
• I have a very low amount in options (less than $500), and I have 100k+ in shares and cash.
• When doing options have a lot of collateral, so you don't hit margin call.
• Take the "Calls" as very discounted, and "Potentially A Call" as somewhat discounted.
• Old money companies are slow. While tech companies are fast-paced.
• Only invest in companies that you do know and see potential in.
• You don't have to invest every day, only when you see the potential.

At Close of Friday

• Data Processing & Outsourced Services FIS Fidelity National Information Servcs Inc
• Health Care Equipment ISRG Intuitive Surgical, Inc.
• Hotels, Resorts & Cruise Lines HLT Hilton Hotels Corporation Common Stock
• IT Consulting & Other Services IBM IBM Common Stock
• Railroads CSX CSX Corporation
• Semiconductors INTC Intel Corporation
• Specialty Chemicals PPG PPG Industries, Inc.
• Technology Hardware, Storage & Peripherals STX Seagate Technology PLC
• Technology Hardware, Storage & Peripherals WDC Western Digital Corp

• Cable & Satellite DISH DISH Network Corp
• Oil & Gas Exploration & Production DVN Devon Energy Corp
• COTY Coty Inc
• CBE Cobre Ltd
• ARG Argos Resources Ltd

• Procter & Gamble Co PG
• Coca-Cola Co KO
• Xerox Holdings Corp XRX

• Boeing Co BA
• Lockheed Martin Corporation LMT
• Raytheon Technologies Corp RTX
• FedEx Corporation FDX
• United Airlines Holdings Inc UAL
• DISH Network Corp DISH
• Las Vegas Sands Corp. LVS
• Automatic Data Processing Inc ADP
• Fidelity National Information Servcs Inc FIS
• Fiserv Inc FISV
• Global Payments Inc GPN
• Jack Henry & Associates, Inc. JKHY
• Paychex, Inc. PAYX
• Brown-Forman Corporation Class B BF.B
• Cintas Corporation CTAS
• Copart, Inc. CPRT
• Edison International EIX
• Entergy Corporation ETR
• MarketAxess Holdings Inc. MKTX
• Moody's Corporation MCO
• Atmos Energy Corporation ATO
• Intuitive Surgical, Inc. ISRG
• Universal Health Services, Inc. Class B UHS
• Marriott International Inc MAR
• AT&T Inc. T
• Verisign, Inc. VRSN
• IBM Common Stock IBM
• Ameren Corp AEE
• Sempra Energy SRE
• Boston Properties, Inc. BXP
• Nov Inc NOV
• Kellogg Company K
• Perrigo Company PLC PRGO
• Pfizer Inc. PFE
• CSX Corporation CSX
• PPG Industries, Inc. PPG
• Seagate Technology PLC STX
• Philip Morris International Inc. PM
• Nektar Therapeutics NKTR
• Arconic Corp (PITTSBURGH) ARNC
• Coty Inc COTY
• Greatland Gold plc GGP
• Nuformix PLC NFX
• Inovio Pharmaceuticals Inc INO
• Air Transport Services Group Inc. ATSG

At Open of Monday

• Hotels, Resorts & Cruise Lines RCL Royal Caribbean Cruises Ltd
• Internet & Direct Marketing Retail BKNG Booking Holdings Inc
• Internet & Direct Marketing Retail EXPE Expedia Group Inc
• NRGU MicroSectors U S Big Oil Index 3X Leveraged ETN
• DIG ProShares Ultra Oil & Gas

• Airlines AAL American Airlines Group Inc
• Airlines UAL United Airlines Holdings Inc
• Casinos & Gaming LVS Las Vegas Sands Corp.
• Consumer Finance DFS Discover Financial Services
• Hotels, Resorts & Cruise Lines CCL Carnival Corp
• Hotels, Resorts & Cruise Lines NCLH Norwegian Cruise Line Holdings Ltd
• Movies & Entertainment LYV Live Nation Entertainment, Inc.
• Oil & Gas Equipment & Services BKR Baker Hughes Co
• Oil & Gas Equipment & Services HAL Halliburton Company
• Oil & Gas Equipment & Services NOV Nov Inc
• Oil & Gas Equipment & Services FTI TechnipFMC PLC
• Oil & Gas Exploration & Production APA Apache Corporation
• Oil & Gas Exploration & Production DVN Devon Energy Corp
• Regional Banks HBAN Huntington Bancshares Incorporated
• Technology Hardware, Storage & Peripherals XRX Xerox Holdings Corp
• GGP Greatland Gold plc
• CBE Cobre Ltd
• ARG Argos Resources Ltd
• RDS.B Royal Dutch Shell plc ADR Class B
• ERX Direxion Daily Energy Bull 2x Shares
• ERX Direxion Daily Energy Bull 2x Shares
• QS Quantumscape Corp
• CUK Carnival plc
• BP BP plc
• RDS.A Royal Dutch Shell plc ADR Class A

• Procter & Gamble Co PG
• Coca-Cola Co KO
• Xerox Holdings Corp XRX

• Boeing Co BA
• Lockheed Martin Corporation LMT
• Raytheon Technologies Corp RTX
• FedEx Corporation FDX
• United Airlines Holdings Inc UAL
• DISH Network Corp DISH
• Las Vegas Sands Corp. LVS
• Automatic Data Processing Inc ADP
• Fidelity National Information Servcs Inc FIS
• Fiserv Inc FISV
• Global Payments Inc GPN
• Jack Henry & Associates, Inc. JKHY
• Paychex, Inc. PAYX
• Brown-Forman Corporation Class B BF.B
• Cintas Corporation CTAS
• Copart, Inc. CPRT
• Edison International EIX
• Entergy Corporation ETR
• MarketAxess Holdings Inc. MKTX
• Moody's Corporation MCO
• Atmos Energy Corporation ATO
• Universal Health Services, Inc. Class B UHS
• Marriott International Inc MAR
• AT&T Inc. T
• Booking Holdings Inc BKNG
• Verisign, Inc. VRSN
• IBM Common Stock IBM
• Ameren Corp AEE
• Sempra Energy SRE
• Inovio Pharmaceuticals Inc INO
• Boston Properties, Inc. BXP
• Nov Inc NOV
• Kellogg Company K
• Perrigo Company PLC PRGO
• Pfizer Inc. PFE
• Progressive Corp PGR
• CSX Corporation CSX
• PPG Industries, Inc. PPG
• Seagate Technology PLC STX
• Philip Morris International Inc. PM
• Nektar Therapeutics NKTR
• Arconic Corp (PITTSBURGH) ARNC
• Coty Inc COTY
• Greatland Gold plc GGP
• Nuformix PLC NFX
• Air Transport Services Group Inc. ATSG

• Under Construction

1. Has acquired 3 new revenue producing companies in 3 weeks. Health Care and Wellness Clinics of America, LLC ("HCWCOA"), and Corporation Clinic, LLC ("Corporation Clinic") Chai MD, Hip n Chai & Get Medicated.

1. LOI for CIGN a 4th revenue producing company (He is already CEO of CIGN) They're finalizing the acquisition of CIGN Farms in FL. They grow and distribute hemp and hemp seeds for CBD products, etc.

1. Hired Karma Snack Agency as marketing firm.

1. Jan 8th PR saying Filings Imminent and are excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks..

1. Has acquired 3 new revenue producing companies in 3 weeks.
2. LOI for CIGN a 4th revenue producing company (He is already CEO of CIGN)
3. Jan 8th PR saying Filings Imminent and are excited to announce that it is estimating the filing of its financial statement and disclosures in the coming weeks.. (He is a lawyer)

I. Ugly Start, Beautiful Setup

II. A Discussion on Debt

• New equipment and amenities
• Lease payments
• Maintenance costs (utilities, wages, etc.)
• Expansion (buying out the competition)

III. The Future of AMC

IV. Valuation

V. Conclusion - Resurgence