I have warned several times on Fearsome Threesome that once the Space X Ponzi scheme sucked up liquidity, that they would let the market fall. Everybody who bought in the after market is already seriously underwater.
“But A Whimper”: Retail Euphoria In SpaceX Fizzles After Stock Loses $600 Billion In One Day https://t.co/FYbMWliUSn
— zerohedge (@zerohedge) June 23, 2026
If you bought $SPCX more than 5 minutes after launch
You got rekt.
Nobody was ready for this scenario. https://t.co/n5NIl6lNsv pic.twitter.com/KYXyyT2OR6
— Rekt Fencer (@rektfencer) June 23, 2026
Korea:
🚨 BLOODBATH in Asian Markets
Over $800 BILLION wiped out from Asian stock markets in just a few hours amid a massive tech stocks sell-off.
South Korea’s KOSPI down -8.2%, wiping out over ₩587,000,000,000,000 ($426 BILLION).
Japan’s NIKKEI down 2.8%, wiping out approximately… pic.twitter.com/MIGD7Ia6mO
— Bull Theory (@BullTheoryio) June 23, 2026
Nasdaq 100 E-mini futures (NQ26) have declined sharply to 29,956.25, down 697.25 points (2.27%) as of the current session. The chart shows a pronounced sell-off from recent highs near 31,000, with price now trading near multi-day lows and continuing to weaken. This significant… pic.twitter.com/3ahiLmmPyh
— Onchain Insights (@OnchainIns5699) June 23, 2026
“SpaceX went public on Thursday. By Monday evening, after-hours trading had pushed its market capitalisation past $3 trillion, surpassing Microsoft1. Options trading begins today [June 17], though the company lost $4.9 billion last year2…. At $3 trillion, the market values SpaceX at about 160 times its annual revenue.”
https://escapekey.substack.com/p/ponzi-scheme
A very long article on the intricacies about how the Wall Street Ponzi Scam System operates. Greed is Good. Frankly way over my head but some basic things like the valuation of a company being 160 times its annual income defy even simple logic. A lot of blather and double talk would be required to sell such a scam to investors or to the indifferent public.
Thank you for posting that link
Read all about how Donald Trump’s best friend, Larry Ellison, rewarded employees for lying under oath to San Mateo Superior Court – and how the San Mateo Superior Court continues to pretend it didn’t happen: https://salanave-runyon.org/herbie.html
Our government and economy are in the hands of criminals
Well, guess my monthly starlink is going up.