Friday 11-14 #bubblewatch

I'm staying with the roller coaster metaphor, because after yesterday's across-the-board selloff, today the market is rising across-the-board.

> S&P 500 climbs after selloff; traders look to Nvidia report. https://www.reuters.com/world/africa/us-futures-drop-fading-december-rate-cut-expectations-2025-11-14/

The talk right now is all about the Nvidia earnings report. The problem with that? It's going *look* good because of all those circular deals. The real question is 'Net Profit' and those circular deals don't generate profit.

ETA: Not P/E.