For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently.
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@nixCraft I would like a good explanation of how two large companies that are both burning cash could possibly, legitimately, bring 4 trillion to the market.
@SouthFresh @nixCraft I just checked my own private pension pot for my direct exposure to this ass-clownery and it is ~0.5%. But I'm weighted into UK equities so any FTSE firms stupid enough to buy their products will most likely get hit now it looks like the crash is coming. Let's just get it over with. Refer to Prof. Cipolla's Laws of Human Stupidity: the rest of us end up carrying the can for arrogance, malice, greed, and outright stupidity.
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For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft currently in the process of rebalancing towards more mid and small cap/bonds because of this. already reblanaced about 1/2 of my stocks into international before trump got back into office.
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For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft
As a former licensed securities rep and investment company employee, I recommend that USians with a 401ks look closer into their investment options.Index funds may not be your only options.
If your 401k offers a choice, do some research and switch to more socially responsible alternatives.
Your 401k may permit the option to open a brokerage account. If so, you can choose individual stocks and/or more socially aware funds inside that account.
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@SouthFresh @nixCraft I just checked my own private pension pot for my direct exposure to this ass-clownery and it is ~0.5%. But I'm weighted into UK equities so any FTSE firms stupid enough to buy their products will most likely get hit now it looks like the crash is coming. Let's just get it over with. Refer to Prof. Cipolla's Laws of Human Stupidity: the rest of us end up carrying the can for arrogance, malice, greed, and outright stupidity.
@bms48 @SouthFresh @nixCraft I'm pretty sure the area is effect is going to be huge. There are huge secondary and tertiary links. If the AI bubble pops, I don't think anything can be relied on to be safe.
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For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft It's not gambling when the casino can see all of the cards. All I can say is "goof luck" to anyone trying to get rich from the stock market.
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For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft this should be highly illegal and all those who profit from it should be liable with their personal wealth.
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For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft This is why it pays, if you have the time, to look at investment options in your funds and review what they actually invest in. In Australia the funds needs to declare this every six months (usually March & September). Unfortunately most will include Nvidia etc, but the mix of arms merchants and planet killers does vary.
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TL;DR: Original index rules were built to protect retail & small investors' retirement funds from being scammed out of their life savings. But AI company bosses has used their deep connections with U.S. government to change these rules, giving them an unfair advantage & an immediate exit for VCs out of AI or LLM companies at a premium price. AI is not profitable at all. This is a big scam & 100% is going to crash everything so hard while AI company bosses become the first trillionaires
@nixCraft
"the only winning move is not to play"
WarGames (1984) -
For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft Talk to your investment advisor NOW about how to reduce your exposure to the shit that's about to hit your retirement savings.
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@nixCraft " while AI company bosses become the first trillionaires ":shortly before becoming the first trillionaires to lose their heads (said heads ending on spikes)
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There's this little Danish pension fund that may inspire them not to give you a funny look.
»Morningstar says #SpaceX is 'significantly overvalued'«
Morningstar says SpaceX is 'significantly overvalued'
Yahoo Finance Senior Autos Reporter Pras Subramanian joins Josh Lipton on Market Domination to discuss SpaceX's (SPAX.PVT) valuation after a Morningstar report deemed the company "significantly overvalued," estimating its fair value at $780 billion—roughly half its reported IPO target valuation—and what that could mean for investors ahead of a potential public offering.
Yahoo Finance (finance.yahoo.com)
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