The $SPACEX setup is textbook late-cycle mania
Nasdaq-100 inclusion in under a month. $4.3B of passive inflows that don't care about price. Rules literally changed to fast-track it in.
Every bank suddenly calling it "AI's final frontier" and "trillion-dollar markets" at a $2T valuation.
This is the part where fundamentals stop mattering because the buy button is mandatory.
Index funds aren't investors. They're forced buyers. That's how you get total disconnects.
The bull case requires Starship at scale, AI moonshots, and flawless execution for years. Any crack and this unwinds violently.
I've seen this movie before. Forced flows + momentum chasers + zero skepticism = massive drawdowns when it reverses.
Not saying it crashes tomorrow. But when passive becomes the bid, you're not in a market anymore. You're in a mechanism.
And mechanisms break.
Nasdaq-100 inclusion in under a month. $4.3B of passive inflows that don't care about price. Rules literally changed to fast-track it in.
Every bank suddenly calling it "AI's final frontier" and "trillion-dollar markets" at a $2T valuation.
This is the part where fundamentals stop mattering because the buy button is mandatory.
Index funds aren't investors. They're forced buyers. That's how you get total disconnects.
The bull case requires Starship at scale, AI moonshots, and flawless execution for years. Any crack and this unwinds violently.
I've seen this movie before. Forced flows + momentum chasers + zero skepticism = massive drawdowns when it reverses.
Not saying it crashes tomorrow. But when passive becomes the bid, you're not in a market anymore. You're in a mechanism.
And mechanisms break.