Jul. 15 at 9:48 AM
$NFLX It’s because of over financialization of the economy and the repeal of such regulatory acts as Glass-Steagal that prevented banks to operate as investment and commercial banks simultaneously. Banks are incentivized to do all sorts of shady things now to make money. For instance Raymond James thinks
$SPCX is worth 800, which makes it a 10tril company that made 19bil in revs last year. Look at all the bank analyst pts for SPCX. They are absolutely ridiculous and they know it. Why do they do it? Fees. Banks make fees on all these frothy IPOS they are cranking out at peak AI euphoria so they lie to you to make you buy them and drive interest. They have to say nice things about Elon if they want to be underwriters and get fees. They want the market fixated on AI so they can unload OpenAI and Anthropic next. Why did Hynix JUST IPO and CBRS. AI hype is lucrative. Just hang in there AI has got dot com bubble signals all over it. There will be a rotation back to value eventually.
