And lastly, If you knew that the ~$10T USA 401k market would be forced to buy shares in a company with 5% float due to rule changes, you might see a bull case.
I’m not touching it, but don’t expect traditional value investing in a rigged system where too much concentrated wealth is sloshing around looking for the next big thing.
The market isn’t for us anymore, it thinks we’re for it
too much concentrated wealth is sloshing around looking for the next big thing.
IDK about concentrated, I always figured Tesla and now SpaceX was more retail investors who are in elons cult.
Larger funds would probably steer clear of them because the fundamentals make no sense. Meanwhile bill in Oklahoma has no idea what a p/e ratio is but he thinks he’s helping Elon fight the woke mind virus by buying SpaceX shares.
Opportunists and fools,
in 3 weeks, most everyone.
And lastly, If you knew that the ~$10T USA 401k market would be forced to buy shares in a company with 5% float due to rule changes, you might see a bull case. I’m not touching it, but don’t expect traditional value investing in a rigged system where too much concentrated wealth is sloshing around looking for the next big thing.
The market isn’t for us anymore, it thinks we’re for it
Ask not what the market can do for you…
IDK about concentrated, I always figured Tesla and now SpaceX was more retail investors who are in elons cult.
Larger funds would probably steer clear of them because the fundamentals make no sense. Meanwhile bill in Oklahoma has no idea what a p/e ratio is but he thinks he’s helping Elon fight the woke mind virus by buying SpaceX shares.
Unfortunately a lot of larger funds buy or follow S&P500. Tesla is currently ranked in 9th place on the 500 list, weighing in at 1.77% of the index.
What scares me is like the top 10 companies on that are resting heavily on AI. Like 30% of the S&P is gonna get hit hard if the AI bubble pops
https://stockanalysis.com/etf/spy/holdings/
The rest will fall like domino the entire economy is.
S&P is not buying it.
They decided not to do the rule change after so much backlash.
Only the S&p 500 rejected it from what I am aware. It’s in Nasdaq and probably others
Nasdaq and Russell updated their rules to allow it.
Idk, most recent news I’ve seen was just that the change had been challenged by a bunch of states but it hadn’t been stopped yet