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this post was submitted on 17 May 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Owenomics is also worried about changing the rules to add SpaceX and OpenAI to NASDAQ and the S&P500 while only a tiny fraction of their shares are available for trading. "Bad idea. If float is too low, the market cap is meaningless and should not be relied upon for any purpose. "
Back in January he said that the US stock market is not in a bubble until Robert Shiller's "CAPE rises to 80 (similar to Japan’s CAPE in 1989)." The CAPE (a ratio of price to the average earning for the past ten years) of the S&P500 is around 40, similar to the US in January 2000.
He does not mention new era thinking (chapters 5 and 6 of Shiller's Irrational Exuberance).