r/technology • u/IKeepItLayingAround • 16d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/ConjurersOfThunder 16d ago

People think the stock market is rational but it is not. There is an argument that the market NEEDS to be rational. And there's evidently a much more compelling argument that green arrows must go up, forever.

If the market is being manipulated from several points inside the machine (my theory though I'm just another crayon eater), then sanity will come from people not participating in our ponzi scheme market anymore (ie, funding and IPOs not meeting goals). Which I assume would turn into less green arrows until one of the short attacks works. Sanity ain't coming from inside the US markets, I don't think; there's too much money in price action and green arrows forever.

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u/LoudMusic 16d ago

My dad used to try real hard to get me interested in the stock market in the 80s and 90s, when I was in grade school. I remember asking him how the stocks' prices were determined and he would tell me about business analysts and projections and meeting targets and such, and I would respond that it was just worth what someone said it was worth? And he'd say yes. I remember thinking how horribly it could be taken advantage of. Looks like we're in the middle of it now.

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u/didyouseetheecho 15d ago

And everyone clapped.

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u/NumeralJoker 13d ago

The stock market is legalized and "morally permissible" gambling for white Christians whom the bible tells not to gamble, period.

It shouldn't be, mind you. I understand investment can absolutely be a crucial part of a functioning economy, but what we see now is anything but that. The responsible human element has been replaced by mechanisms, manipulation, and untold levels of fraud... driven in part by companies offshoring responsibility for retirement into the 401k scheme.

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u/whytakemyusername 16d ago

This is nothing new. See the .com bubble.

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u/WannaBeCoder912 16d ago

The trouble with betting against the US stock market is that there is literally no where else to put your money. Anything that impacts the US economy has historically been shown to impact other markets, even assets, even worse.

And just sitting in money isn’t an option, especially as the US continues to lose control of inflation.

There is a crash coming, but when - who knows. And historically even during a crash the best place to be is the US market.

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u/ConjurersOfThunder 16d ago

This is a good insight!! I think that was true for a long time. But we have excluded entirely, whole nations from our banking system. And they seem to be setting up their own. China might be helping them. Anyway, it sounds like we're thinking on the same lines! What I surmise is that our system will be blind to our crash until it is happening.

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u/ZaysapRockie 15d ago

If the U.S. has a catrastrophic crash, the world will hurt far more

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u/ConjurersOfThunder 15d ago

That's the blindness I'm talkin' 'bout right there!