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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 m

• Der_Einzige 4mo ago
  [flagged]
  • tcp_handshaker 4mo ago
    The market will stay irrational for longer than Michael Burry will stay correct.
• darth_avocado 4mo ago
  Technicals are the star signs of stock market.
  • root-parent 4mo ago
    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 4mo ago
      Fed is not raising rates because of technicals. It’s because of economic numbers. The two aren’t the same.
      • root-parent 4mo ago
        At the essence they are the same, if you think a bit about it.
        • gpderetta 4mo ago
          they literally are not.
          • root-parent 4mo ago
            Looking forward to the explanation...
            • jfyi 4mo ago
              ...and here I was hoping for yours.
            • darth_avocado 4mo ago
              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.
              • root-parent 4mo ago
                You, and the majority, are confidently wrong. Its only your mistaken confidence, that make you believe you dont need to provide a counter argument.
• rob74 4mo ago
  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.
  • ben_w 4mo ago
    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.
  • root-parent 4mo ago
    >> 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....
  • dzhiurgis 4mo ago
    > 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.
• TaupeRanger 4mo ago
  Technical Analysis is Astrology, and Burry has predicted 17 of last the last 2 stock market crashes.
  • UncleOxidant 4mo ago
    > 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".
• Danox 4mo ago
  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.
  • _trampeltier 4mo ago
    I guess now a lot of Elon fans change from Tesla to Spacex.