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THIS IS GOING TO GET BAD🛑 $SPCX reported earnings but it changed nothing, it showed its a 1.5 trillion dollar company that makes 30 billion... HOWEVER, they did announce great news for $NVDA $100 may be coming VERY soon 👇
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![Former BlackRock fund manager Ed Dowd on what is and isn't "sus" about the SpaceX IPO "This... [is a] classic venture capital exit maneuver. The IPO is the liquidity event" "What's different... is they accelerated the timeline where the insiders can sell. That's a little... 'sus'" "[Also,] what is untoward about it, in many classic investors' viewpoints, is it's being priced at an outrageous multiple—about 95 [to] 100 times revenues. That's just absurd" "So I suspect this is going to do what a lot of IPOs do. It's going to deflate over the next six to 12 months and people will lose money who bought it here, as the insiders cash out" "[There's also] usually... a seasoning period for an IPO of at least up to a year [for the] NASDAQ[, but it] dispensed with that. The S&P was rumored to do the same thing, but the S&P decided, no, no, we're not changing our rules for Elon" "Also, the lockup period is accelerated way more than it typically is. So people are going to punch out of their shares" "What this means is people who have been in this company, employees, VCs, private, private family offices, they're going to get their liquidity" "I was talking to a guy on the Street a couple of weeks ago, and his fund sold it last year, and they thought it was already overpriced at $400 billion and so they're very mad at themselves because they got out before $1.5 trillion" "what's gone on here is absolutely absurd. It's worth $400 billion last year, now it's $1.7 trillion. What's changed? Nothing other than hype. So this is classic bubble behavior" "I have nothing to say about SpaceX the company per se... it could be a great stock at a much lower valuation, but it all depends. People have to separate the stock price from the company. Great companies and great stocks are two different things" Shannon Joy Edward Dowd](https://image.24vids.com/tw-2065988629525328158/amplify_video_thumb/2065986105057693696/img/tK-NqvGGXCikbmMI.jpg)
![Former BlackRock fund manager Ed Dowd on the death of the dollar 💵☠️ "we're in a stealth bull market in the dollar... [but] the bad news is there's a new monetary system coming" "I've always been of the opinion the dollar is going to fail up... Then they reset stuff" "The dollar system is designed for constant credit creation... [and] put simply more credit creation, lower dollar, less credit creation, higher dollar" "so de-dollarization is actually bullish for the dollar in the short term because... there's always people scrambling for dollar liquidity" "if the dollar goes up too fast, too quick, it squeezes other nations and causes serious economic pain" "The dollar is very much a financial weapon and it is used as such" "So the good news is I don't think the dollar is going away anytime soon. The bad news is there's a new monetary system coming" "I don't know when, but it's going to involve gold because the signal is going to involve gold because central banks are acquiring gold...[and] commercial banks are acquiring gold because they made it a tier-one capital again, which is essentially the ability to create money from your gold" "So I'm bullish the dollar long term until I see the charts break. And they haven't broken yet" "that's why when people ask me, What should I be doing with the stock market?, I go, Take some of your money and put it in the cash— They go, but inflation's killing me. Well, inflation may be killing you, but if the stock market deflates 50%, your cash is... a lot better" Shannon Joy Edward Dowd](https://image.24vids.com/tw-2067123152778612903/amplify_video_thumb/2067119932706586624/img/q0yIBCyKZmW2BXZt.jpg)
