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Day 29 and Momentum

I haven’t felt so invigorated by the internet in a long time. I’ve had a week of joyful chaotic fun alongside my virtual friends (which during pandemic times includes my IRL friends too). Without the alt right and their mascot President Trump sucking all the air out of the room I’m seeing a lot of relief. The slight diminishing of the existential threat has lead to a lot of what I can only call silly season.

Just about everyone I’ve encountered has been filled with newfound creativity this week. Stonk mania is really only a piece of the goofy energy. To be sure I’ve been riding high on the wave of GameStop and the other meme stocks (though to be clear we actually made money with a well timed bet on volatility and only bought one share of $GME for the fun). But it’s more than that. The giddiness that comes from any kind of upcrash raises spirits in all adjacent fields.

And as I spend a lot of time in financial and social media circles it’s been a hell of a party. Granted most of us are waiting for a hangover to hit but more than a few of us are wondering if we’ve tilted into an entirely new chapter of chaos as the world grapples with the power of loosely organized crowds.

Whatever comes next a momentum is building from the energy. We’ve seen a possibility that chaos can be fun and not destructive. A sorely lacking feeling in the last few years when memetic armies only fought on one side. Now it’s a free for all. And that is potentially a lot more interesting.