Faith in finance tends to reach its apogee only when it is ready to go down. That’s when the taxi drivers are giving out stock tips, and people think that prices are on a one-way trip ‘to the moon.'
“Danger, danger:” danger, danger Will Robinson. I respect Musk and enjoy his vision. He has been, btw, very good at squeezing money out of government to support his ideas. Bill is right, we’ve done a mess of a job on planet earth. I suspect Homo sapiens needs some spiritual growth before it can effectively venture into the heavens. Without any fu$, I’ll be curiously watching from the sidelines.
not sure if you are being serious or snarky? Please tell me. But in short its Doctrine of the Roman Catholic Church and sometimes Anglicans and Lutherans. And basically its common sense. Not really deserving of Heaven and certainly not Hell.....so need time to purify more. Like Moses seeing the Promised Land but didnt get there. Catholics believe, as I do, that most of us are sinners and so we need a bit more time and PRAYER to get into Heaven. And saints help us make the last move and so do people on Earth who pray for us.....but the DECISION is all with Christ. He says when we die, "well roll the video tape....uh oh..not too good..a bunch of stuff that is really not SAINT material....yet. So go to Purgatory and pray about it!" Now Purgatory is NOT suffering. Its YEARNING. and its to make us focus and get into Heaven, so basically its good thing...a second chance. OTHERWISE as we may end up in HELL or a lot of people who DONT DESERVE HEAVEN are getting in. Well Baptists and evangelicals say Jesus died for our sins and you are good to go. We say, hold on a minute...you have to earn it by cleansing your soul and repenting and seeking DIVINE MERCY and while even the Apostles were sinners (and Peter was one of them!) we need a bit more time often to prepare ourselves for the PERFECTION OF HEAVEN. We view HEAVEN as a place for SAINTS and while SOME do go directly there, like my sainted Mother, many are a bit unworthy and not quite ready......its in Christian Doctrine that while Christ died on the Cross for us but WE must reach out to HIM. And that is what Purgatory is for...those who didnt do that on Earth and yet arent deserving of Hell.....as in Mortal Sin....really really bad stuff.
I respect Bill's analysis, but I also remember that for years he counseled against buying Amazon, calling the "River of no Returns".
Personally, I do not plan to invest in SPCX, at least not for a while. On the other hand, having watched Elon for many years now, I'm certainly not going to short it either. My bets against the dollar, however, in the form of gold, silver, and mining stocks, form an overweight portion of my portfolio. I expect the same is true for Bill.
Well said Gordon. I am right there with you. Whats likely going to the moon is Gold. But that also means hyperinflation for everything else so its all relative. The lifeboat off Titanic is all. My two cents. As for Democracy and Law and Order we can all guess opine and speculate and prognosticate like Bill and hopefully he is wrong and we have a big swoosh down then smoldering cinders in bond and stock market (except miners) and we pounce and rise from the ashes. Might be 2 years or 10 years. I dunno AI is going to drastically effect markets fundamentally both in terms of price action and in terms of how it is made "more efficient". Think Robinhood traders times 100. And how that changes our world we dont know. Pull up a lawn chair and a beverage and watch.
The best snake oil salesman of all time. Start a company, take investors money and usually government subsidies until the hype runs out, then move your wagon to the next town and start a fresh idea.
I am one who was a skeptic on NASA btw. BIG BOONDOGGLE. Interesting pictures and guess what is up there? Rocks and Gas and MAYBE more minerals and rubies and diamonds they say NOT MUCH ELSE. Going to Mars? Why? Lot of people climbed K2 and Everest and lots of people DIED doing so and what do they get for their challenge? NOTHING but saying they did so. LEAVING TRASH AND DEAD BODIES AS THEY WENT. I digress.
Humans are strange creatures. All of them. Even our heroes like Churchill, Lincoln (well he isnt a hero in the South) and MacArthur, Ike, JFK, Sinatra, Rockefeller, TeddyR on and on....all quirky. Yes, me too. But I am not a hero and dont claim to be one. I was around of few of them and considered myself honored and lucky to be so.
Well done Bill. Thanx for doing the math. I’m sure this time is different, look how long the lugnuts have been buying Tesla? Still at 350 times forward earnings. I’m sure all the degenerate gamblers will be out with their knives after this.
1.5 trillion dollars? In American dollars Bill? Based on WHAT? Hope? Caffeine? Elon’s ability to sleep four minutes a year?
But they say it’s about the future? The
future?
Los Angeles got bridges collapsing because somebody stole the copper pipes to buy meme stocks.
You know what this really is?
Wall Street figured out people are tired of gambling on Earthly companies, so now they’re selling space-themed lottery tickets to peasants with brokerage apps and emotional damage.
The stock market is the only place where people see a company lose five billion dollars and say:
“This thing is unstoppable.”
Think about it, SpaceX loses billions annually and Wall Street values it like it owns gravity itself.
Price Check
Revenue: eighteen billion
Expenses: twenty-one billion
Net loss: five billion
And Wall Street responded by adding a TRILLION AND A HALF dollars?
If I opened a potato stand losing money every day, nobody calls me a visionary. They call animal control.
Innovation they say.
Innovation? Tulip Mania was innovative. So was the Titanic. People innovate stupidity every decade.
This isn’t investing anymore. This is emotional support capitalism. People are buying shares because they wanna FEEL smart standing near rockets. 🚀
I liked it better when pyramid schemes at least had pyramids. You notice every IPO nowadays sounds like a religion?
“We will extend light and consciousness to the stars.”
You know what else extends consciousness? Mushrooms. But at least mushrooms don’t ask for eighty billion in funding.
Space X is not a stock offering. It’s something a cult leader says before everybody disappears into the desert.
The funny part is everybody knows it’s overpriced. Then why buy it?
Because they don’t wanna own the company. They wanna sell it to a bigger idiot. That’s the whole economy now.
“Danger, danger:” danger, danger Will Robinson. I respect Musk and enjoy his vision. He has been, btw, very good at squeezing money out of government to support his ideas. Bill is right, we’ve done a mess of a job on planet earth. I suspect Homo sapiens needs some spiritual growth before it can effectively venture into the heavens. Without any fu$, I’ll be curiously watching from the sidelines.
sort of agree. Thats why we have Purgatory. Remember the Golden Calf in the Bible.
Where is purgatory? How do i get there?
not sure if you are being serious or snarky? Please tell me. But in short its Doctrine of the Roman Catholic Church and sometimes Anglicans and Lutherans. And basically its common sense. Not really deserving of Heaven and certainly not Hell.....so need time to purify more. Like Moses seeing the Promised Land but didnt get there. Catholics believe, as I do, that most of us are sinners and so we need a bit more time and PRAYER to get into Heaven. And saints help us make the last move and so do people on Earth who pray for us.....but the DECISION is all with Christ. He says when we die, "well roll the video tape....uh oh..not too good..a bunch of stuff that is really not SAINT material....yet. So go to Purgatory and pray about it!" Now Purgatory is NOT suffering. Its YEARNING. and its to make us focus and get into Heaven, so basically its good thing...a second chance. OTHERWISE as we may end up in HELL or a lot of people who DONT DESERVE HEAVEN are getting in. Well Baptists and evangelicals say Jesus died for our sins and you are good to go. We say, hold on a minute...you have to earn it by cleansing your soul and repenting and seeking DIVINE MERCY and while even the Apostles were sinners (and Peter was one of them!) we need a bit more time often to prepare ourselves for the PERFECTION OF HEAVEN. We view HEAVEN as a place for SAINTS and while SOME do go directly there, like my sainted Mother, many are a bit unworthy and not quite ready......its in Christian Doctrine that while Christ died on the Cross for us but WE must reach out to HIM. And that is what Purgatory is for...those who didnt do that on Earth and yet arent deserving of Hell.....as in Mortal Sin....really really bad stuff.
I respect Bill's analysis, but I also remember that for years he counseled against buying Amazon, calling the "River of no Returns".
Personally, I do not plan to invest in SPCX, at least not for a while. On the other hand, having watched Elon for many years now, I'm certainly not going to short it either. My bets against the dollar, however, in the form of gold, silver, and mining stocks, form an overweight portion of my portfolio. I expect the same is true for Bill.
Well said Gordon. I am right there with you. Whats likely going to the moon is Gold. But that also means hyperinflation for everything else so its all relative. The lifeboat off Titanic is all. My two cents. As for Democracy and Law and Order we can all guess opine and speculate and prognosticate like Bill and hopefully he is wrong and we have a big swoosh down then smoldering cinders in bond and stock market (except miners) and we pounce and rise from the ashes. Might be 2 years or 10 years. I dunno AI is going to drastically effect markets fundamentally both in terms of price action and in terms of how it is made "more efficient". Think Robinhood traders times 100. And how that changes our world we dont know. Pull up a lawn chair and a beverage and watch.
The best snake oil salesman of all time. Start a company, take investors money and usually government subsidies until the hype runs out, then move your wagon to the next town and start a fresh idea.
that plan has been done a hundred times. Ross Perot was one of those too.
Are you referencing Musk?
Yep
I am one who was a skeptic on NASA btw. BIG BOONDOGGLE. Interesting pictures and guess what is up there? Rocks and Gas and MAYBE more minerals and rubies and diamonds they say NOT MUCH ELSE. Going to Mars? Why? Lot of people climbed K2 and Everest and lots of people DIED doing so and what do they get for their challenge? NOTHING but saying they did so. LEAVING TRASH AND DEAD BODIES AS THEY WENT. I digress.
Humans are strange creatures. All of them. Even our heroes like Churchill, Lincoln (well he isnt a hero in the South) and MacArthur, Ike, JFK, Sinatra, Rockefeller, TeddyR on and on....all quirky. Yes, me too. But I am not a hero and dont claim to be one. I was around of few of them and considered myself honored and lucky to be so.
Well done Bill. Thanx for doing the math. I’m sure this time is different, look how long the lugnuts have been buying Tesla? Still at 350 times forward earnings. I’m sure all the degenerate gamblers will be out with their knives after this.
I drove down to the Tesla dealer years ago, looked around. Drove one. NO THANKS. LEFT. THE END
Elon is a towering phony: https://mileswmathis.com/musk.pdf
Envy is not a good look. Just saying.
With Space-X we may actually find out who built the pyramids.
Hilarious Bill as usual, how much return on investment are shareholders (taxpayers) getting from NASA?
1.5 trillion dollars? In American dollars Bill? Based on WHAT? Hope? Caffeine? Elon’s ability to sleep four minutes a year?
But they say it’s about the future? The
future?
Los Angeles got bridges collapsing because somebody stole the copper pipes to buy meme stocks.
You know what this really is?
Wall Street figured out people are tired of gambling on Earthly companies, so now they’re selling space-themed lottery tickets to peasants with brokerage apps and emotional damage.
The stock market is the only place where people see a company lose five billion dollars and say:
“This thing is unstoppable.”
Think about it, SpaceX loses billions annually and Wall Street values it like it owns gravity itself.
Price Check
Revenue: eighteen billion
Expenses: twenty-one billion
Net loss: five billion
And Wall Street responded by adding a TRILLION AND A HALF dollars?
If I opened a potato stand losing money every day, nobody calls me a visionary. They call animal control.
Innovation they say.
Innovation? Tulip Mania was innovative. So was the Titanic. People innovate stupidity every decade.
This isn’t investing anymore. This is emotional support capitalism. People are buying shares because they wanna FEEL smart standing near rockets. 🚀
I liked it better when pyramid schemes at least had pyramids. You notice every IPO nowadays sounds like a religion?
“We will extend light and consciousness to the stars.”
You know what else extends consciousness? Mushrooms. But at least mushrooms don’t ask for eighty billion in funding.
Space X is not a stock offering. It’s something a cult leader says before everybody disappears into the desert.
The funny part is everybody knows it’s overpriced. Then why buy it?
Because they don’t wanna own the company. They wanna sell it to a bigger idiot. That’s the whole economy now.
You know what’s gonna happen eventually right?
Gravity
I am pondering whether or not RKLB will benefit from all the hype of SPCX IPO.
I understand RKLB's new Neutron rocket (to be launched later this year) will offer a lower ROI than SPCX.
that is up 400% already and 100% this year.....another bubble stock . be careful
I bought in at $8 a couple of years ago...
RKLB is a major manufacturer of space bound solar panels as well as a big player in LEO launches.
They are introducing a new "Neutron" rocket that is fueled with liquid oxygen and methane, designed for efficiency and reusability.
RKLB is also aiming to launch humans and engage in future Mars programs.
IMO RKLB is like buying into SPCX 3 years ago (if you could've).
-
Yes, the P/E's are negative and everything is frothier than a shook beer.
But with the Ai train barreling down the Wall St tracks and more hobo's still jumping aboard... not so sure it's going to derail soon.