There is a cryptocurrency, also named Omicron, that was up 900% on the day the new COVID-19 variant was publicized. Try as he might, Vitaliy cannot figure out what would have caused this crypto to spike that day. He muses that Mr. Market must be so crazy right now, that he is bidding up the price of random tokens based merely on alphabetical order. What does this imply for stocks, if anything?
You can read this article online here: https://contrarianedge.com/this-holiday-will-mr-market-eat-too-much-pi/
Essay link: https://contrarianedge.com/why-do-i-write-a-27-page-letter-to-clients/
Vitaliy’s Article Almanac 2021: https://contrarianedge.com/vitaliys-article-almanac/
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