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People holding 14 different altcoins call it a diversified portfolio.
Every one of them drops the moment $BTC sneezes. That's one bet bought 14 times with extra fees.
Five of the Magnificent 7 are losing to the boring equal-weight S&P 500 this year.
$TSLA is down 13%, Meta down 4%, Alphabet basically flat.
Everyone paid up for the 7 stocks that "can't lose". The other 493 quietly did the work.
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Most risk factors say competition could hurt margins. Anthropic's S-1 says the entire insurance industry might not be big enough to cover what could go wrong. Bold choice for a sales document.
Anthropic just filed its S-1 with the SEC. The plan is a Nasdaq listing under the ticker ANT. Here's what's actually in the filing so far 馃У
Anthropic just filed its S-1. For years the only way to own a piece of it was through $AMZN or $GOOGL. Soon the AI trade gets a real public price tag, and a lot of portfolios will find out how much AI they actually hold.
Anthropic has filed an S-1 registration statement with the SEC related to its proposed IPO.
Read more: anthropic.com/news/s1-sec
Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Tokenized stocks were pitched as a way for anyone in the world to own a piece of great companies.
Meanwhile leveraged perps on stocks and gold just hit about $20 billion in open interest. Most people didn't want to own $AAPL. They wanted to lever up on it at 3am on a Sunday.
Everyone wanted a piece of the 2021 IPO boom on day one.
$10k at the first close in Rivian, Bumble or Oatly is worth about $1,200 or less today. $RIVN alone is down 88%.
Six of these seven lost money. The one big winner was the app people used to buy the rest.
People still celebrate dividend day like it's free money.
The stock opens lower by roughly the payout and then you pay tax on it. Great deal.
Bitcoin people spent years calling it digital gold. This year they finally got their wish.
$BTC down 7% since New Year. Gold down about the same. The boring S&P 500 fund is up 12%.
Paying for protection is fine. Paying for it and still losing to the index is a choice.
Investopedia puts the American dream at $5.32M over a lifetime now. $1.21M of that is two new cars, which is roughly where I'd start cutting before giving up on the house.
Everyone buys $SPY for diversification. Then about ten stocks carry the whole index while more than half the other 490 quietly sit in a bear market.
Fed decision on Wednesday and $BTC just sitting around $80k waiting to see what happens. Nice quiet Saturday though.
$10k in $ARKK at the February 2021 top is worth about $5.3k today.
The same $10k in a boring S&P 500 fund is about $20.9k.
Five and a half years of "disruptive innovation" and the main thing it disrupted was its own holders.
Prediction markets have Anthropic at 94% to be valued at $1.5T by year end and 9% to go bankrupt by the end of 2027. Honestly that's about how I feel about most AI stocks too.
This week's receipts 馃Ь A $META "go long" on earnings night, a TIA breakout that was "confirmed", and NEAR "already programmed" to $35. The tape had other plans.











