GameStop's (https://www.marketwatch.com/story/gamestop-launches-a-56-billion-bid-for-ebay-but-the-math-isnt-working-out-66da416e?mod=mw_rss_topstories) just crystallized everything broken about this frothy market. We've got companies floating deals that defy basic arithmetic while equities party at record highs. Meanwhile, Iran war drums are delivering the risk-off reality check that's already hammering the Dow.

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