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by legitster
3 days ago
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SpaceX had this similar mystique to where owning a private share was something rich people bragged about like having a rare Lamborghini. A lot of these modern bubble stocks are underpinned by a bunch of intangible collectibility reasons that realistically only exist because of a huge cash glut in the US stock market. Maybe it goes on for a long time, but realistically as baby boomers start drawing down on their retirement portfolios and/or dying there's reason to believe money will start leaving the markets in the next 20ish years. |
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