| ▲ | petilon 6 hours ago |
| Michael Burry, a hedge fund investor featured in the book “The Big Short” for his predictions on the 2008 financial crisis, said in a Substack discussion last month that any increase in SpaceX’s stock after its I.P.O. would “be on hype and technicals.” Here, “technicals” means technical analysis signals rather than the company’s business fundamentals. In other words, Burry is saying the stock could rise because of chart-based trading, momentum, and market behavior—not because investors think SpaceX is truly worth that much based on revenue, profits, or other fundamentals. How long can the hype be maintained? TSLA is still maintaining its hype, judging by its P/E ratio. |
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| ▲ | TaupeRanger 5 hours ago | parent | next [-] |
| Technical Analysis is Astrology, and Burry has predicted 17 of last the last 2 stock market crashes. |
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| ▲ | UncleOxidant 4 hours ago | parent [-] | | > Astrology Exactly, but there are people out there who buy stocks based on technical analysis. It can have an effect if enough people act on it's "signals". |
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| ▲ | rob74 5 hours ago | parent | prev | next [-] |
| The hype already starts with the SpaceX SEC filing. According to it, its addressable market is $28.5 trillion, of which $26.5 trillion are AI. This means that every human being who owns a computer on this planet (1.75 billion) would need to spend (on average) over $15.000 on xAI products. |
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| ▲ | root-parent 5 hours ago | parent | next [-] | | >> that every human being who owns a computer on this planet (1.75 billion) would need to spend over $15.000 on xAI products. Current US national debt is approximately $39.22 trillion. As we achieve a zombie movie, level of collective madness, lets take all this into the last degree. Nationalize SpaceX, and with this bright obvious future described on the prospect lets pay US debt :-) Pay US retirement benefits pensions in token credits, pensioners can resell, make an options market for tokens. I am sure Robinhood will open you a margin account for that? Lets open a futures markets for food goods grown up on SpaceX Asteroids, as they will have free solar energy. They can grow them three times faster than on Earth... To quote Ron Baron yesterday on CNBC, we are all going to earn hundreds of billions.... | |
| ▲ | ben_w 5 hours ago | parent | prev | next [-] | | Yes indeed. While this would be conceivable if some future AI gets good enough to actually replace 100% of global paid labour currently done by using a computer, the reference class I have here is that Wikipedia is definitely not valued at [number of people online] * [peak cost of Encyclopaedia Britannica]. Economic displacement on that scale breaks the valuation. | |
| ▲ | dzhiurgis 4 hours ago | parent | prev [-] | | > would need to spend over $15.000 on xAI products. For perspective - that’s 12.5 years of Tesla FSD subscriptions. I think there are probably about that much cars out there. |
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| ▲ | darth_avocado 5 hours ago | parent | prev | next [-] |
| Technicals are the star signs of stock market. |
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| ▲ | root-parent 5 hours ago | parent [-] | | Funny, the European Central Bank just made life even harder, by raising interest rates purely on that, and the FED is preparing to do the same... | | |
| ▲ | darth_avocado 4 hours ago | parent [-] | | Fed is not raising rates because of technicals. It’s because of economic numbers. The two aren’t the same. | | |
| ▲ | root-parent 4 hours ago | parent [-] | | At the essence they are the same, if you think a bit about it. | | |
| ▲ | gpderetta 3 hours ago | parent [-] | | they literally are not. | | |
| ▲ | root-parent 3 hours ago | parent [-] | | Looking forward to the explanation... | | |
| ▲ | darth_avocado 2 hours ago | parent | next [-] | | It’s not our responsibility to provide counter arguments. You expressed that the two fundamentally different things are the same “in essence”. It’s your responsibility to define the two and explain how they are the same first. | |
| ▲ | jfyi 2 hours ago | parent | prev [-] | | ...and here I was hoping for yours. |
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| ▲ | Danox 5 hours ago | parent | prev | next [-] |
| Tesla definitely is floating down slowly worldwide with hype when it finally crashes just don’t be left holding the bag. 2026 will be another year downward. |
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| ▲ | Der_Einzige 6 hours ago | parent | prev [-] |
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