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Now everyone is on the hook for this overpriced unprofitable monstrosity vis a vis pension and index funds. How much longer for the coming economic collapse…
by sharts 5mo ago
Now everyone is on the hook for this overpriced unprofitable monstrosity vis a vis pension and index funds. How much longer for the coming economic collapse…
- karmakurtisaani 5mo agoIt should still take a year until it's added to the indices, no? At least that's how I understood the SpaceX case: Elon wanted to rush it and get it done in 6 months. So there's still hope that the bubble pops before the funds are poisoned.
- grey-area 5mo agoIndexes forcing investing will prop the bubble up. It will burst when nobody expects it after a massive IPO pop which makes believers even of the skeptical.
- chillfox 5mo agolol, they reduced the wait time drastically last year I think it's a few weeks now.
- karmakurtisaani 5mo agoI wonder if this means solid 10% yearly returns from SP500 is finally over..
- maplethorpe 5mo agoIf they list on the Nasdaq, recent changes mean they can now be added after 15 days, instead of 12 months. https://www.etfstream.com/articles/spacex-to-ipo-on-nasdaq-after-index-rules-adjusted-reports https://www.etfstream.com/articles/spacex-to-ipo-on-nasdaq-a...
- karmakurtisaani 5mo agoOuch, I wasn't aware it got shortened so much! Yep, this is truly terrible.
- danny_codes 5mo agoTerrible for you, but very good for those with deep bribe pockets for the SEC
- thincopperfoil 5mo agoThis is what exponential growth in a limited world looks like.