Ready for the SpaceX IPO?: 8 Key Items Shaping the Stock Market Thursday
Trump and Iran, May PPI, Oracle’s spending, potential OpenAI price cuts, and other headlines moving stocks this morning.
AI Price Cuts Loom
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Subscriber Comment of the Day
* A core point of mine and a foundational part of bear case for equities…
phogan
When looking at areas like the semis and other parabolic stocks with presumably bright growth prospects, I always think of the following: “In the case of Microsoft in 1999, it mostly delivered on its promise of success, compiling an impressive record of nearly 15% annualized earnings growth over the next 16 years. However, investors buying its shares in 1999 would have spent the entire 16 years nursing an ugly and altogether frustrating loss.” MSFT was just under 30x sales in 1999 and grew EPS almost 15% for 16 years yet all you did was break even. At some point, the weighing machine matters. I applaud those who hit it big with these, but its the going forward that would scare the crap out of me.
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The Strong Open and Weak Close Pattern Is a Warning
Lower oil is boosting the market as investors await the SpaceX IPO.
A History of IPO Price-to-Sales Ratios
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I Am Not Believing the Inflation Numbers
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My Tweet of the Day
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The Inflation Myth
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The Opposite
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The Paper-Thin Equity Risk Premium
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