- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
The bond market’s assessment also jibes with SpaceX’s stock. It’s a profitless, non-dividend-paying, one-person-controlled, empire-building project trading at more than 100 times sales, about 30 times the valuation of the S&P 500 Index. That’s the very definition of a junk stock.
Original link: https://www.bloomberg.com/opinion/articles/2026-07-02/spacex-is-junk-that-s-what-the-bond-market-says
I feel like I’m way ahead of the market.
(If only I knew how to turn that wisdom into money)
Alas, the market can remain irrational longer than you can remain solvent.
I’m convinced that to win in today’s market, you really can’t think deeply about anything.
Hyperreality
Hm. Maybe you can’t. How does that help me?
See, you’re still thinking when you ask questions
Put options are a thing.
But best to stay out of stocks gambling unless you have money to lose.
“The markets can remain irrational longer than you can remain solvent”
The one you hear a lot is buying physical precious metals. But keeping that stuff at home is kinda risky and renting a vault isn’t free either.
There are certificates that are fully backed by physical metals, so it is easy to trade them. I even have some (but going to sell soon).
You want it at home. The real value in your of gold is when society collapses it still is a nice metal and so has value. Iron would work to but your house isn’t big enough for your life savings in iron.
I don’t think society will collapse and lacking that scenario gold isn’t a better investment.
Well, I don’t.
I don’t think that either. I buy it when I think it’s value will rise.