[tigerlily]

Meanwhile the NASDAQ fell 4.18% Friday just been. This seems more than just a coincidence, people have been talking about pulling investment ahead of the SpaceX IPO, and the latest market activity makes me think the discontent is tangible now.

[bwfan123]

What happens with IPOs is that wealth is converted to money by owners. When that happens the wealth bubble deflates because there are a lot of sellers and few buyers. After the IPOs (spacex,openai,anthropic) buckle up for turbulence.