BREAKING: More than half of the publicly identified donors to President Trump’s White House ballroom project have won new or expanded federal contracts worth more than $50 billion, per WaPo
@ettingermentum Rubio's whole future rest upon Ron DeSantis not coming out of Florida cutting a promo and calling him a cuck.
Id call that shaky ground.
Things most Americans agree on:
Groceries cost too much.
Tariffs suck and make no sense.
Congress and Presidents shouldn’t trade stocks.
The debt is a mess.
The border should be secure, but legal immigration is good.
Endless wars are stupid, especially ones that nobody wants and have never been explained.
Americans are exhausted.
AI is like my new best friend that also might be trying to take my job, my ability to think for myself, and my humanity in the process. Yo like I love you, but WTF, but I still love you.
Diversity is actually awesome! The opposite is boring AF.
Canadians are super fucking cool.
Mexicans are chill.
Putin isn’t a good guy looking out for America’s best interest. Rocky IV and Miracle are great movies.
Good neighbors are a blessing.
Freedom of religion and coexistence without having to blow each other up is probably a good idea.
We all question, are we alone in the universe?
We all fuck up along the way.
Epstein didn’t hang himself.
The Trumps and Epstein were best friends for decades. It’s like Bert trying to tell us Ernie was just an acquaintance in the same social scene on Sesame Street back in the day.
The Cowboys suck. Go Birds!
Things we’re told to fight about:
Me.
Laptop.
Vaccines.
Transgenders in sports.
Pronouns.
That’s the joke.
You should probably not buy OpenAI, Anthropic, or SpaceX stock at IPO.
All 3 are deeply unprofitable, trillion-dollar market cap science projects - not sound businesses, as things stand.
The VCs who fueled these valuations mostly understand this. They are just relying on you to be their exit liquidity, where you will be left holding the bags for a multi-year deep bear market.
They need you to be the sucker. But you are within your rights to refuse.
There may be some short-term hype and a speculative rally in these stocks - from major funds buying in and retail investors chasing sci-fi dreams for their own portfolios.
But in the longer term, some sort of correction seems likely.
It doesn't matter if your business is lemonade stands, car washes, AI, satellites, spaceships, or levitating laser-powered UFOs...
... the point of a business is to generate a profit. Long-term stock market valuations reflect a fair risk-reward against the profit being made and forecasted.
In terms of revenue multiples, current profit margins, and forecasted future paths to profitability - all 3 of these companies are extremely overvalued.
Agriculture Sec @BrookeLRollins in November: "We have screwworm under control south of the border. Beef prices will come down by spring 2026"
Beef prices continue to rise, and screwworm is now in the US.