: Chris Sacca mocks ‘Robinhood bros’ who spurn his investment advice: ‘Stonks never go down!’

The decade-long bull market has defied all odds and continued to surge this year, despite the economic havoc wrought by the coronavirus pandemic, leading to easy money for some investors, especially in tech, where IPOs boomed and valuations skyrocketed, leading to worries of another bubble. The tech-heavy Nasdaq COMP, +0.26% is up nearly 43% year to date, as opposed to the S&P 500’s SPX, +0.35% nearly 15% rise and the Dow Jones Industrial Average’s DJIA, +0.23% modest gain of almost 6%.

Also see: ‘Holy smokes, I’m a $ TSLA-naire!’ Here’s how quickly Tesla’s wild ride has turned modest investments into seven-figure windfalls

While that tweet drew a lot of praise as solid advice, apparently Sacca drew enough backlash — including from Barstool Sports founder and day trader Dave Portnoy, who told Fox Business that Sacca “sounds like a sour loser and an idiot” — that he responded with another tweet Wednesday, this time dripping with sarcasm:

(“Stonks,” if you’re not hip to the lingo of kids these days, is an internet meme used to mock bad financial decisions.)

Sacca knows whereof he speaks. He built his first fortune investing during the dot-com boom two decades ago, then went bust when the bubble burst. He went on to found the VC fund Lowercase Capital, and was an early investor in tech companies such as Twitter Inc. TWTR, -0.61%, Instagram and Twilio Inc. TWLO, -0.11%. He retired from the VC game in 2017.