๐ Set your reminder. June 4: The PDT rule will be eliminated, and the $25,000 minimum account balance requirement will officially end.
What it means for you: We will be wiping all past PDT flags clean. Soon, customers will be able to trade on Robinhood without worrying about day trading limits again.
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
@Mayhem4Markets Itโs true, but the sad part nowadays is that it doesnโt have to be a good reputation. You can have a reputation as an asshole and people will help you to avoid you being an asshole to them, or so theyโll have an asshole on their side.
Well, I have called just about everything significant that has happened the last 26 years.
It's hard to say I've never had the timing right.
I was short Amazon at the top in 2000.
I went way long small cap value in late 2000.
I bought AAPL in 1998 and then again in 2002.
In 2003, I got into Korea stocks before a big run.
In 2004, I got into China stocks before a big run.
In 2004, I got into oil before a big run.
I bought gold in 2005 and still 20 years later...
In summer 2005, I figured I was buying 5 years swaps on something would print within 2, and it did.
In 2008, October, I told my investors it was time to buy. More stocks bottomed then than in March 2009.
In 2009, I invested in Almonds/Water, it worked ok.
In 2013, I moved to buy Bitcoin after meeting with a friend at Lightspeed. I should have. Slept on it and did not.
In 2015, I bought NVDA. The CFO knows.
In 2018, I started pounding the table on Japan and opened a Japan fund, which I had to close for COVID.
In late 2019, I warned indexing and passive investing would make for very corrlated severe drawdowns in the market, and COVID hit 6 months later, we got the most correlatedl, sharp decline in modern history.
Early 2020, I entered 2020 very short. Which worked.
During early COVID I loaded up on stocks and had nearly a 100% year for the fund.
In 2020, I called lockdowns would be disastrous for women and children, and went on Twitter to say it.
IN 2020, I got GME to buy back 1/3 of its stock and change its board. Did ok.
July 2021, I gave Barron's an interview to warn on specific meme stocks at the top, and they crashed through Dec 2023.
2021, I warned about very high inflation from the policies that were being undertaken.
2023, I warned people to sell because I saw the banking crisis coming. I told them all was clear at the bottom in March as I could see it wouldn't be contagious.
2020s, I shorted Tesla, but these were trades, and it was volatile. I did not lose money overall shorting Tesla. Had some really big quick wins. Plus Tesla is only worth about $120.
I am not perfect, I did not hold AAPL or NVDA long enough, in 2025 we were up almost 100% again by Liberation Day, and I lost most of the gain (still up about double digits for the year at closing) but I would put the calls I've made over these decades up against anyone.
I would add visual proof for all this, but it is too much for this medium.
Just saving this for next time I hear a republican complain about a lack of fiscal responsibility from democrats.
It's both parties and no one (other than Bill Clinton) has, or will, ever attempt to fix it.
BREAKING: Iran's Fars News releases a statement following President Trump's post stating a US-Iran deal would be announced "shortly" earlier today:
"It should be noted that American officials have acknowledged in multiple messages to Iran that Trump's posts are primarily for promotional purposes and media consumption within the US, and they have recommended that no attention be paid to these statements," Fars News says.
This 88 year old Japanese trader spent 40 years day trading and turned $387,000 into a $14 million portfolio.
If he had simply bought the S&P 500 in 1986 and done nothing, he would have over $21 million today.
Donald Trump Jrโs venture capital firm said its assets under management jumped from $200mn to $3.5bn over the past year after a dealmaking spree. https://t.co/NVl24SPnfS