Quote from: Hards Alumni on <strong>Today</strong> at 01:06:33 PMFigured we'd have a post about Microsoft Outlook being down by now...

LOL!  I was messaging my coworker in another location noting my Outlook icon has a a giant red exclamation point on it.

Quote from: JWags85 on <strong>Today</strong> at 01:25:14 PMPushback in what way?  Unless there is something else you're referring to or suggesting, its a byproduct of market bubbles that have existed for centuries.  If you have a fundamental problem with the stock market in general, which given what I know about you might be true, that's a different argument/discussion.

However, nobody is forcing the public/retail investors to buy wildly overpriced IPOs.  You can look back in this thread at some of the stuff that myself, and others, said about the SpaceX IPO or AI valuations.  I'm not a Musk hater, I've always thought SpaceX was a pretty incredible company (the best of anything Musk has been involved with, IMO) and have been bullish on the ways its changed space utilization and rockets...but I wouldn't have touched the IPO with a 6,200 mile pole.  Valuations and buzz were way over done and I couldn't see any reliable risk vs return at the IPO prices.  But I knew plenty of people, some otherwise smart and non-novice investors who were desperate to get into it.

Same can be said about AI companies and valuations.  People just think/assume "stocks always go up" and AI is constantly talked about as this huge potential frontier/goldmine, so who cares if the valuation is insane, its gonna keep going up cause its just the beginning, right?

But its really no different than the Dotcom bubble in the 90s.  People paid insane sums for silly companies that were drastically overvalued because they NEEDED to have that internet investment exposure.  But now its even more inexcusable, IMO, for retail investors and the general public because of how much information and research materials are out there in the public domain.

Back to my initial paragraph, there is also just a lot of inherent passing of risk from private investors/founders to the general public in any IPO, even those of great and profitable and robust companies.  They are a way to raise capital, of course, but also allow people to cash out on money that had been otherwise invested and locked up in companies for years.  Sometimes it works, sometimes it doesn't.

I do feel bad for people bought SpaceX at 200 (or even 170) who are under water.  And I'll feel bad for people who eventually get run over by pullbacks in AI names that go public.  But unless its blatant Theranos level fraud or corporate malpractice, I still can't help but place blame on people who invest like lemmings.  You can say "oh there is shady accounting about XYZ in SpaceX" or "those revenue numbers for (insert AI company) were creatively crafted"...but most of these people getting rugpulled aren't pouring over 10-Ks or balance sheets, they are momentum/buzz chasing.

Okay... but he wasn't talking about individual retail purchasers.

Quote from: brewcity77 on <strong>Today</strong> at 01:11:25 PMAfter last night, Marquette is 2-8 in their last 10 November road games against high-major opponents. The 2023-24 (Illinois) and 2024-25 (Maryland) wins were the first such wins in November since a non-con win over St. John's to open the 2003-04 season when we were still in Conference USA.

That 2-8 record is about what you would expect from a low to mid major team

Thanks Brew! Yours is the 3rd post replying to Rocky bitching about my mention of the MSU game.

The score is Snoop 3, Rocky 0 

Interesting info-I had no idea that exhibition results were a factor in metric expectations. Thanks again.

Quote from: JWags85 on <strong>Today</strong> at 01:25:14 PMI'm not a Musk hater

Why not? You should be.

Anyone with a moral compass should be.

Quote from: jesmu84 on <strong>Today</strong> at 12:57:58 PMWhy is your second paragraph interesting? There won't be any accountability

Historically accurate, but I have the sense that it is different this time. (My innate Gen X cynicism is weirdly MIA right now).

The first step towards accountability happened last Tuesday. The administration and associated co-conspirators are absolutely terrified, with the tell being Blanche's hilariously impotent yappings that oversight itself is criminal.

I think the difference this time is going to be 1) the shear depth, breadth, and magnitude of the criminality, and 2) that the crimes are committed out in the open. It's not like we need Woodward and Berstein to break a hidden story, the Trump administration commits three Watergates per day and then brags about them.

How bad are the Tennessee Titans?
The Fox affiliates in Chattanooga and Knoxville, the third and fourth largest markets in the state, are for now choosing to show the Packers-Vikings game at noon Sunday instead of Titans-Jaguars.

Quote from: Hards Alumni on <strong>Today</strong> at 01:06:33 PMFigured we'd have a post about Microsoft Outlook being down by now...

Sounds like someone didn't pay their Microsoft bill!

Quote from: jesmu84 on <strong>Today</strong> at 06:04:37 AMAt any point, is there going to be pushback on these IPO rugpulls?

The private investors get cash to buy assets and the general public gets their 401k raided.

Pushback in what way?  Unless there is something else you're referring to or suggesting, its a byproduct of market bubbles that have existed for centuries.  If you have a fundamental problem with the stock market in general, which given what I know about you might be true, that's a different argument/discussion.

However, nobody is forcing the public/retail investors to buy wildly overpriced IPOs.  You can look back in this thread at some of the stuff that myself, and others, said about the SpaceX IPO or AI valuations.  I'm not a Musk hater, I've always thought SpaceX was a pretty incredible company (the best of anything Musk has been involved with, IMO) and have been bullish on the ways its changed space utilization and rockets...but I wouldn't have touched the IPO with a 6,200 mile pole.  Valuations and buzz were way over done and I couldn't see any reliable risk vs return at the IPO prices.  But I knew plenty of people, some otherwise smart and non-novice investors who were desperate to get into it.

Same can be said about AI companies and valuations.  People just think/assume "stocks always go up" and AI is constantly talked about as this huge potential frontier/goldmine, so who cares if the valuation is insane, its gonna keep going up cause its just the beginning, right?

But its really no different than the Dotcom bubble in the 90s.  People paid insane sums for silly companies that were drastically overvalued because they NEEDED to have that internet investment exposure.  But now its even more inexcusable, IMO, for retail investors and the general public because of how much information and research materials are out there in the public domain.

Back to my initial paragraph, there is also just a lot of inherent passing of risk from private investors/founders to the general public in any IPO, even those of great and profitable and robust companies.  They are a way to raise capital, of course, but also allow people to cash out on money that had been otherwise invested and locked up in companies for years.  Sometimes it works, sometimes it doesn't.

I do feel bad for people bought SpaceX at 200 (or even 170) who are under water.  And I'll feel bad for people who eventually get run over by pullbacks in AI names that go public.  But unless its blatant Theranos level fraud or corporate malpractice, I still can't help but place blame on people who invest like lemmings.  You can say "oh there is shady accounting about XYZ in SpaceX" or "those revenue numbers for (insert AI company) were creatively crafted"...but most of these people getting rugpulled aren't pouring over 10-Ks or balance sheets, they are momentum/buzz chasing.

Quote from: Hards Alumni on <strong>Today</strong> at 01:06:33 PMFigured we'd have a post about Microsoft Outlook being down by now...

I don't use google.  Thanks for letting me know