zerohedge logo
mobile-logohamburger-menu

print-icon
print-icon

David Einhorn Asks: Is MicroStrategy a "Pretty Effective" Ponzi Scheme?

VBL's Photo
by VBL
Monday, Jan 27, 2025 - 14:12

Market Rundown | Is MicroStrategy a "Pretty Effective" Ponzi Scheme?

Authored by GoldFix, ZH Edit

Today:

  • Discussion: Is Microstrategy a Ponzi scheme?
  • Premium: Weekly: Gold’s Path Gets More Certain

Key Moments
0:00- Intro/ Mkts
6:55- Is MicroStrategy a Ponzi scheme?
15:31- Gold’s Path Gets More Certain
23:24- DX, Gold, Silver charts

Continues here


Free Posts To Your Mailbox

Teaser Image
Secure your wealth against inflation with JM Bullion.
LEARN MOREarrow
Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
6,75223

NEVER MISS THE NEWS THAT MATTERS MOST

ZEROHEDGE DIRECTLY TO YOUR INBOX

Receive a daily recap featuring a curated list of must-read stories.

Want more of the news you won't get anywhere else?

Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.


Will extreme shorting flip to large covering?

 S&P 500 is up 18% from recent lows, but sentiment and positioning remain depressed. Extreme shorting has yet to trigger major covering. With low leverage, cautious sentiment, and strong retail inflows, there's room for more upside if momentum builds.
 


From Tech Pumps to Gold Dumps — It’s a Forced Re-Risk Party

Forced to Buy-Back

This is the rally few wanted — underweight and de-risked, macro bears are now being forced to buy back into MegaCap tech strength. Volatility control funds have puked equities and could unleash $30B+ in demand if volatility cools, fueling the forced re-risk fire.


Due for a Pullback — or Just Getting Started?

Running on fumes

The 6-day SPX streak has actually been rather impressive — since 1970, this kind of run has only happened 13 times. But with the death cross still in place and 5500 the must-hold level, this rally might be running on fumes...


Volatility Reset, Gold Hype, Dollar Stress — Pick Your Poison

VVIX implodes as early long vol positions start to look attractive again, while exploding Google searches for “buy gold” mirror the frenzy in spot. At the same time, foreign investors stay on strike, deepening pressure on a dollar already strained by twin deficits.


Aggressively Unchanged

Back to zero: A market reversion completed 

After weeks of extremes, key market indicators are quietly slipping back toward neutral. Risk appetite, fund flows, correlations between assets, and even macro volatility measures are all reverting rapidly — signaling a major cooling off from previous extremes. Let's look more closely at this broad normalization.

Sign Up For ZH Premium
Contact Information+

Assistance and Requests: Contact Us

Tips: tips@zerohedge.com

General: info@zerohedge.com

Legal: legal@zerohedge.com

Advertising: Contact Us

Abuse/Complaints: abuse@zerohedge.com