Archive Category: Green Zone Fortunes Updates

On Monday, I recommended closing out half your position in Genie Energy Ltd. (NYSE: GNE) for a gain of 109% in less than eight months. This was an extremely fast-moving opportunity — with shares spiking 15% in a matter of hours after the company reported record earnings. If you took action as soon as you received the sell alert, then you sold very near the peak price for the day, which was also a new all-time high.

The world is currently adopting artificial intelligence (AI) faster than any other new technology in history — with ChatGPT leading the charge.

Right now, the 10 largest stocks by market cap in the S&P 500 account for more than a third of the index by weight. And the top 10% of stocks in the index carry more weight than the bottom 90%. That’s a remarkable amount of concentration in mega-cap stocks — at a level we haven’t really seen since the dot-com bubble of the early 2000s. From one perspective, investors’ preference for these popular mega caps makes some sense.

In 1984, communications scholar Walter Fisher introduced what he called the “narrative paradigm.” Fisher argued that humans weren’t exactly rational, number-crunching decision-makers like most scientists believed at the time. Instead, we’re storytellers. We rely not just on facts and logic, but on narratives and stories to understand the world around us. These narratives can be powerful learning tools — but they can also limit the way we see the world. As the old joke goes: “Never let the facts get in the way of a good story.”

ChatGPT went live in November 2022 — and the artificial intelligence boom immediately took the world by storm. Tech stocks from all over the market were suddenly reevaluated based on their potential to take advantage of the emerging mega trend. Shares of NVIDIA Corp. (Nasdaq: NVDA) more than tripled so far in 2023 as a result. But it’s important to remember that this massive trend is still in its infancy.