it makes no sense to me that anyone would buy into SpaceX.
Index funds, mainly. The thing about index funds, though, is that they incorporate investments with little to no consideration of the product a given company makes. They just play a meta-game in the market itself with its own rules and conditions, and become attractive investments for portfolios looking for steady, “safe” growth.
Specifically Tinkerbell vibes. If enough people believe stock price will go up, then it goes up.
Musk keeps making money, and enough people just care about that.
The dream of getting in major index funds, is every two weeks the fund buys more of your stock no matter what. That steady growth and his wild swings of market manipulation would be insane.
And lots of people will roll the dice if they can get some scraps. Along with some idiots who dump their life savings into it directly
Isn’t this exactly what was expected? I think I am in kind of a bubble because it makes no sense to me that anyone would buy into SpaceX.
Index funds, mainly. The thing about index funds, though, is that they incorporate investments with little to no consideration of the product a given company makes. They just play a meta-game in the market itself with its own rules and conditions, and become attractive investments for portfolios looking for steady, “safe” growth.
I guess I have more power over my 401k than most people do, or am just paying more attention
It’s vibes.
Specifically Tinkerbell vibes. If enough people believe stock price will go up, then it goes up.
Musk keeps making money, and enough people just care about that.
The dream of getting in major index funds, is every two weeks the fund buys more of your stock no matter what. That steady growth and his wild swings of market manipulation would be insane.
And lots of people will roll the dice if they can get some scraps. Along with some idiots who dump their life savings into it directly