Dear Kevin Warsh:
We do not care if the market sends to Valhalla or falls to Hades. We just want some tradeable action in a new range.
Sincerely:
All of humanity.
Just got my first normie text about the SpaceX ipo and if they should buy it.
So let me tell you how this story goes:
1. They won’t listen.
2. They’ll buy on FOMO as price likely rises tomorrow.
3. They’ll then think they are Warren Buffet and will already start spending their millions in future wealth they know is coming.
4. Then price will start to drop, but it’s ok because it’s just “the dip before the next rip higher”
5. Then price will make a lower high and then drop below their cost basis.
6. Then they’ll capitulate and sell down likely somewhere between 25-50%
7. Then they’ll text me “man I should have listened to you that shit sucks.”
8. Then I’ll likely start buying $SPCX
9. Then they’ll ask me if they should jump back in when it’s back above where they sold. Probably by a multiple of 2.
10. The end.
just one quick question for whoever wanted a market cool down because the price action "wasn't healthy"
Because this price action now is absolutely abysmal