1160
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic (arstechnica.com)
submitted 3 months ago by to c/technology@lemmy.world
134 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 19 points 3 months ago (15 children)

Yup I moved mostly out of usd, no stocks listed in the US, no US Treasuries.

I see either default or massive inflation or both in the cards for the US very soon.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 15 child comments
    •
  • [–] 19 points 3 months ago (6 children)

    I'm still invested in some US stocks, but I'm switching my US market exposure to an index fund that weights by actual sales, revenue, and other objective factors, rather than market cap. Companies don't even get into the index unless they turn a profit first.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 26 points 3 months ago (3 children)

    Which index is that?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 9 points 3 months ago (3 children)

    Moving your money to overseas markets isn’t going to protect it. Other countries are having similar liquidity and bond issues. When the bubble bursts it’s going to be world wide.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 3 points 3 months ago (1 child)

    Also fundamentals don’t mean shit when the bubble pops. Everything will come crashing down because everyone is panicking and knows that everyone else is also panicking. It will have a domino effect and even markets that aren’t even part of the bubble will get hit.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 6 points 3 months ago (3 children)

    "Very soon" that's what's been said for years now. I too think this isn't sustainable, but it sure feels like it'll keep rolling for a number of years.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 2 points 3 months ago (1 child)

    Yup I'm definitely foregoing upside but I don't want to be stressing about trying to find the best time to exit every day.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 1 point 3 months ago*

    Can still make plenty of money in non-US index funds.

    Though I must say, my EM Asia ETF blew up right in my face. Somewhat softened by the fact that I figured it was going to peak and sold at 61 EUR to rebuy more at 59. It just happened to drop further after holding near 59 for a while. But at least I skipped out on two euros worth of price drop AND bought more shares than I originally had.

    One of the two things I have left in US-run ETF companies is, ironically, my lovely WisdomTree NASDAQ 100 3x daily short which went up a ton on Friday though. I'm predicting it'll go up even more when SpaceX is admitted into the index lol

  • permalink
  • fedilink
  • source
  • parent