Dean Sheikh

How does the market not see what is happening with Tesla? It’s clear as day at this point. Bizarre.

@Tesler914 @SeriesGadget Why are they sharing a bowl? There seems to be enough to make at least two bowls.

@SeriesGadget Wtf is this?

I learnt this in Florida.

The emperor has no clothes.

@StanphylCap That's exactly what SHOULD happen when idiots are overpaying for stocks. Take private companies public and sell them at a stupid prices until prices revert to equilibrium.

Here comes ANOTHER $29 billion of U.S. market "supply." They're gonna pop this bubble the same way they did it in '99-2000: "More sellers than buyers," lol.

@UrikKane @0xleegenz me too. so weird.

@0xleegenz lol I guessed what tune he gonna play before hearing it 🤣

HR: "So what kind of skill do you have?" Me:

@heyitspixel69 And you think $100 isn't?

Sold all my SpaceX $SPCX @ $214 just now. Will re-entry at about $100. No matter how long it takes. It's disgustingly overvalued.

@StanphylCap We need another crash- one that doesn't recover in six months- before there will be "new and improved" index funds that exclude stocks with non-sensical valuations.

This is conceptually similar to the stock-rigging "pools" that operated before the SEC was established in the 1930s, after the crash of '29. And the fact that the SEC (and Congress) are okay with this basically puts us BACK into the 1920s.

If there's anyone out there who doesn't think this signifies a major problem for our capital market regulation, then that person is PART OF the problem. Index funds shouldn't be allowed to jam this into passive 401(k)s/pension funds.

@StanphylCap Yes. When will passive investors learn that their strategy is lazy and dumb?

Now $SPCX $210s... So around $416 billion of market cap added during the regular trading session, and another $224 billion after hours. Any questions?

$SPCX up another $5 right now after hours ($197s). Remember, there are 13.2 billion shares outstanding, so that's another $66 billion in market cap. This is truly the stupidest stock in the stupidest market in history, lol.

Passive funds will buy at any price on a predetermined date. Why shouldn't the market take advantage of such stupidity by charging an obscene amount?

@mc_khristina If no one flips, how will anyone buy on day one? Who are they buying from?

$SPCX I sold half of my allocated shares at $161 and am now in the penalty box at Fidelity for 'flipping'. Oh well ...

10:37 SPCX SpaceX now indicated to open at $170; priced at $135/sh ($135.00) 10:50 SPCX SpaceX now indicated to open at $165; priced at $135/sh ($135.00) 11:09 SPCX SpaceX now indicated to open at $160; priced at $135/sh ($135.00) Do I hear a buck?

@StanphylCap ChatGPT (paid version) says it will likely stay in the index.

Lots of people think SpaceX and $TSLA will soon merge. However, according to Gemini if it's a share-swap deal with $SPCX holders the majority owners, the entity would be evicted from the S&P 500 as it would be treated as a money-losing reverse-merger. Does anyone know otherwise?

@StanphylCap A guy at dinner told me he thought SpaceX was worth infinite because they have a monopoly. He was in the finance industry too. Said he wanted to invest as much as possible.

Hey Larry Fink, Is there any price that you WOULDN"T pay for the cash-incinerating $SPCX stock promotion? Why just $1.8 trillion? How about $2.8 trillion? $5 trillion? Show us your "work." And you'll be the first Wall Streeter to cry like a baby for a post-collapse bailout, lol

thEy PRiCed It tOo LoW

@boriquagato @Devon_Eriksen_ 72 bro

i used to help the psych department design and refine IQ tests when i was an undergrad. this ia a whole specific problem space in test design called "general case vs specific case" and it's basically "questions you get right at 115 and wrong at 140+" classic example is "2 machines can make 8 widgets in an hour. how many widgets can 3 machines make in an hour?" midwit jumps to "12" but this is not a general case answer. anyone smart says "you cannot tell from this information." maybe machine 1 makes 16 components that machine 2 assembles into 8 widgets. if both are running at max capacity, adding a 3rd machine adds nothing. if machine 2 could run at 16 widgets/hr but it supply constrained, then adding another machine 1 doubles output. ability to rapidly see that an answer is not a general case answer is actually the line where "really smart" begins and why tests for such people need to be so carefully devised. otherwsie, as you say, it's all "arguing with the test."

This is why IQ tests don't work too well on really smart people. Because sorta smart people tend to give the expected answer. And really smart people tend to point out that the question is wrong, and start arguing with the test, or trying to correct it, thereby making the test impossible to grade and annoying everyone. The expected answer to this is 72. Because 2*2*2 = 8 and 5*5*2 = 50, so 6*6*2 = 72. But the (really) correct answer is "I don't know." Because what you have is two points on a 3 dimensional graph (x,y) -> z. z = 2*x*y is one surface that can be drawn through these two points. And I suspect it's the simplest formula for a surface that can be so drawn, although I haven't bothered to check. But an infinite number of contiguous surfaces can be drawn in three dimensions that encompass these points (2,2,8) and (5,5,50). Each of these surfaces can be described by its own formula. Some of them will also touch (6,6,72). But others of them will touch (6,6, {something else entirely}) instead. This might sound really, really pedantic. But it's not. Everyone knows that the expected answer is the simple one, but that's only on a test... a fake artificial made up problem. When we start trying to do this in the real world, which, after all is what this "IQ" thing is actually for, then using the same kind of "IQ test thinking" can get you in trouble. "My 3-month-old son is now TWICE as big as when he was born. He's on track to weigh 7.5 trillion pounds by age 10." -@pronounced_kyle Fitting the simplest-formula curve, as opposed to the correct curve, makes our predictions of real-world stuff dead wrong. So this kind of test question promotes a dangerous habit of thought. But, Devon, I hear some of you ask, doesn't the principle of Occam's Razor demand that we fit the simplest curve? No. No, it does not. It does not require that we select the simplest possible answer, given what we have currently seen. It requires that we prefer hypotheses that make fewer assumption to those that make more. These are two different things entirely. If I see one black sheep, the simplest hypothesis is that all sheep are black. The hypothesis requiring the fewest assumptions is that at least one sheep is black on at least one side. You will note which of these is correct. All of this is, of course, irrelevant to questions on IQ test. But questions on an IQ test only matter as much as they are relevant to the actual universe... Where ideas like this are very relevant indeed.

Colorado migrating moth season (it’s a thing, look it up) has begun.

The SpaceX IPO is the most brazen retail fleecing in modern market history. NASDAQ has REWRITTEN the index rules specifically for this listing. The 10% minimum free float requirement: gone. The 3 to 12 month seasoning period before index inclusion: cut to 15 trading days. Companies with small floats can now be weighted at 3x their actual float. Translation: every passive index fund, every 401k, every pension is about to be force-fed SPCX whether they want it or not. And what exactly are they buying? Class A shares carrying ONE vote each, while Musk holds 93.6% of the Class B super voting shares at TEN votes each. That gives him 85.1% of voting power on a 42% economic interest. He cannot be outvoted. He cannot be removed. CEO, CTO and board chairman simultaneously. For reference: Zuckerberg controls 61% of Meta. Buffett 35% of Berkshire. Musk: 85.1%. SpaceX is also claiming "controlled company" status, exempting it from needing a majority of independent directors. Shareholders waive the right to a jury trial. They waive the right to class actions. Mandatory arbitration only, courtesy of an SEC rule change pushed through on a party line vote last September. $1.75 trillion valuation. $80 billion raise. Largest IPO in history. The rules of the game were quietly rewritten so one man could extract maximum capital from retail while answering to no one.

@gnoble79 Maybe the problem is passive investing with complete disregard for valuation. Perhaps we need a better index mythology than just Looking at market caps.

$SPCX is an utter travesty. The IPO, in its current proposed structured, must not be allowed to happen. Index funds and your 401k should not be the exit liquidity for this pile of garbage. I ask all lawyers of good conscience to please contact me by DM to explore what might be done to stop this IPO.

@PlugInFUD No, he used the word “if”, which is one of tells when he lies. Very similar to his use of “aiming”

Do you think Elon himself believes this

@reed @Waymo screwing up the gene pool though.

this clip blows my mind. @waymo out here saving lives every day

@StanphylCap Those actually save space. No need for floatation device.

"Jeff Bezos is selling his $500 million megayacht Koru 'because it’s just too huge to manage." pagesix.com/2026/05/04/cel… But how can he fit his family on anything smaller? (I mean, unless his wife gets a breast reduction!)