this post was submitted on 19 Jun 2026
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The stock market doesn't work like this anymore and hasn't for several years... maybe decades. Share price is completely decoupled from fundamentals. The way you make money for shareholders is by getting the stock price to go up and what the actual company does or doesn't do is not particularly a consideration anymore.
I go one step further and say that I personally believe the market itself is rigged, has been rigged since just after 2008. It is fully under control by dark pools, algorithms, HFT and AI. We will never again see an appreciable crash in the market, just things which vaguely resemble "normal" market action as the overall line continues to go ever upward.
The stock market is now fully a money-generating machine for the Epstein class. I have been saying this since about 2014 when I read Flash Boys by Michael Lewis and the Dow was at 18,103, Nasdaq 4,773. Even today with this news, the Dow is up currently 72 at 51,564 and the Nasdaq is up 496 at 26,517.
No more crashes? That's something you would hear just before the biggest crash in history. Don't kid yourself. You're right that the stock market is completely divorced from actual economic activity of the companies listed, though
Every time I say this shit I get this comment or one like it. Since 2014. I invite you to save this thread and come back and make me feel like a complete moron when it happens.
Edit: Anyone reading this: read the book - for chrissakes it's more than 10 years old now. You might come back from it thinking the same thing its author thinks
These giant IPOs result in the companies being a larger part of index funds, which results in a huge influx of retirement funds and other 'low risk' investment funds that hold the index funds.
It's basically fake it until you make it, once you're a major part of an index your company's shares are automatically purchased by these massive funds and that stabilizes the stock's price at some arbitrary point (minus the insider short selling and other market manipulations).