“Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way…” - President DONALD J. TRUMP
BOFA WARNS STOCK MARKET TOP RISKS ARE GROWING
Bank of America is urging investors to take profits, saying roughly 70% of its bear-market indicators have been triggered, a level consistent with past market peaks. The bank warns U.S. stocks are broadly expensive, speculative activity is increasing, and market gains are becoming increasingly concentrated. While BofA still sees opportunities in individual stocks, it remains cautious on the broader S&P 500 and targets 7,100 by year-end.
BREAKING: $1 Trillion has been added to US stocks today.
S&P 500 is up +1.02% today, adding $713 billion to its market cap.
Nasdaq is up +2.68%, adding $946 billion.
Markets are reacting to Trump publicly pushing for an Israel-Iran ceasefire, signaling that US-Iran negotiations are still on the table.
@optionscjp This kind of "armchair expert" critique is standard on social media. People love to play the blame game with big-name investors, but high-growth investing is always a massive gamble,it’s never as simple as it looks in a tweet.
Mostly true. What matters is securing the long-term future of consciousness, both on Earth and other heavenly bodies.
We cannot just focus on Earth, because there are irreducible external (eg massive meteor) and internal (eg global nuclear war) cataclysmic risks.
The Moon is faster to make self-growing, but is more susceptible to problems on Earth. Mars will take longer to make self-growing, because it is so hard to reach, but is more secure from Earth disasters for that same reason.
Both the Moon and Mars should have self-growing civilizations. Making this happen is the prime directive of SpaceX.