Key insights
- The author expresses strong bearish sentiment regarding the upcoming SpaceX IPO, viewing it as overvalued and a potential catalyst for a market correction. The recent reduction in day trading limits is seen as a negative sign, and the author believes the market's reliance on the AI boom and this IPO is precarious. A correction could lead to widespread market declines.
Tangent/rant pattern day trade limit just got dropped from 25k to 2k which means the average joe can start day trading it all comes as the most overvalued and overrated IPO spaceX is about to go public the markets are already oversaturated and a mess held up by a string luckily SpaceX’s ipo debuts on a Friday bad news is for all the joes thinking they are going to make a fast buck off of this launch is about to get a quick reality check when it eventually corrects itself the economy is super reliant right now on the Ai boom and potentially this IPO it could mean the rest of the market reacts and the thread it feels like it’s being propped up by cuts and the streets turn red. Am I missing something? Right? Wrong?