Are You Kidding Me? May 2, 2022

The Schumer-Pelosi Disinformation Board needs to sort this out fast. 

Early this morning, WTI plunged and I was wondering whether it would hold at $100.

Now, it's back to $105. 

LOL.

I wonder who is manipulating the price of crude oil? LOL. I sure hope Pelosi-Schumer find out. And soon. Enquiring minds want to know.

I see I-bonds are offering a 9+ percent interest rate for the next six months or so. Wow. 

I don't know how analysts manage to evaluate EV companies like EV. Right now, at $30, Rivian is valued at $27 billion. 

• GM is valued at $54 billion.
  F is valued at $56 billion.

All I know is that Rivian shares traded as high as $179 in the last 52 weeks.

At $30 -- unless you expect Rivian to go to zero -- one would think Rivian can easily gain $3 over the next six weeks or so, a 10% yield over six weeks. How that translates to an APY is anyone's guess. LOL. 

But when a darling of Wall Street has a $179-high and is now trading at $30 ... well, what can one say? This almost seems like a no-brainer.

As an investor, I don't invest in Rivian, though it is tempting. The problem is this: every time Rivian has a bit of a surge, all those folks who bought at $180 are going to sell, driving the price back down.

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