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Joined 3 years ago
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Cake day: August 23rd, 2023

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  • I dumped all of my risky stocks prior to the SpaceX IPO and reallocated my 401k to bonds. Im about 90% bonds at the moment.

    On my active trading account I’m in bonds funds like BIL and SGOV and dividend funds like SCHD. I have some individual stocks in relatively safe industries that should bounce back.

    You can never predict the future but it feels like a lot of headwinds on a market who’s gains are concentrated in only handful of companies. I’m ok with sitting out for 12 months or until there is some clarity in the market. I have a major renovation going on right now so spending my cash on property improvements is ok with me.



  • Musks old tricks aren’t working like they used to and the walls are closing in on him for Tesla.

    The latest Roadster demo is a sign that he’s relying more and more on theatrics to sell cars. Ten years ago you could kind of buy that he would have full autonomous driving at some point. Other car companies are far more advanced than him and the Chinese’s are eating his lunch on electric vehicles and beating him in every market but the US.

    He pivoted Tesla to robotics and self driving taxis but other companies are ahead of him there as well and he knows it.

    He doesn’t have any tech to set Tesla apart and justify its grossly overpriced stock.

    He wants to roll it under Space X to ride the only two advantages he has left Starlink and Rockets.

    He knows the US government under any administration won’t let either of those two go belly up and wants to link them with his other failed or failing companies.





  • She rode the MAGA wave into office. She knows how to get attention, talk to her base and manage social media. She like all other Republicans towed the line and voted the way they were told to vote.

    She was safe, rich, famous and happy. She didn’t see anything wrong with her votes.

    When she finally realized that Trump was evil did she try to change or fight the system. No she retired and times it to earn life long healthcare and retirement benefits. Just like all of these Republicans “who have seen the light” and now oppose Trump.

    They didn’t do so when they had the power or when their vote mattered. Because there would have been consequences. They all just skulked off into the background.

    They will all likely come crawling back when the political winds shift and Trump is gone.





  • In my opinion the following:

    1. Minority of very vocal users who get angry if you don’t share every point of their world view. Honestly you can just block most of them.
    2. Limited active subgroups - There are only a handful of active subs the rest are just dead. Which leads to…
    3. Limited content, posts stay in my feed for a week at a time before being replaced. I often block posts I like just because I’m sick of seeing it in my feed.
    4. Shitty moderation - mods here are way worse than Reddit.

    I’ll be honest I miss old Reddit, Lemmy feels like an apocalyptic wasteland but it’s still better than most alternative. It’s kind of nice I don’t sit and consume content as much as I used to.


  • They already have. Public Banks are huge investors in the private credit companies that underpin a good amount of the AI bubble.

    The Magnificent 7 have been driving the stock markets gains for the last few years. They have also created independent companies to build out the data centers. The debt for these companies is off their books and funded primarily by private credit markets and is underpinned by contracts with the big 7 for data processing once the data center is built.

    Projections by the Mag 7 have driven their share increase. So what happens if one or two of the magnificent 7 miss their projections? Well look at Oracle, its stock is tanking because it missed projections.

    If the Mag. 7 stock tanks so will your 401ks. When their stock is worth less they will stop plowing money into AI. Suddenly all of the companies with contracts to build the data centers will loose their source of revenue. No revenue and they can’t pay off the loans to private credit. Private credit companies will start to go under and begin to take down the public banking companies that invested in them…

    Its a house of cards ready to fall if any of the Mag 7 start to flounder.




  • It is part of the grift. Anthropic and OpenAI want to go public and a huge part of their cash burn is compute expense for training new models. (In public filings they claim they are profitable … if you look at their numbers that’s only if you remove their biggest expense which is model training) At the same time they are seeing fewer gains with new frontier models. Some are also claiming the new models aren’t as good as the ones from a year ago and you are loosing your market advantage with frontier models?

    What do you do if your largest expense is generating fewer gains and you want to go public? Get the government to regulate it and build a regulatory mote around your industry and freeze your advantage over your competitors while you have it. Cut that expense and go public as a profitable company!

    At this point I only want to see regulations well after the AI bubble pops. Don’t take any government stakes in these AI companies as Bernie has argued for (I agree with his stances on most economic matters but he’s off base with this). Let these AI companies burn in the free market they advocate for soo much.