Technology

We all get to prop up this failing stock in the next few days, when the Indexes start getting forcibly loaded up

Indexes won't start buying into these stocks for a few more months. And they aren't forced to buy. They set their own policies, they answer to their own boards, and they can absolutely choose to avoid this stock if they choose.

I would say the bigger threat is SPCX stock undergoing the same manipulation and price-pumping we saw happen with Tesla. When the SEC is fully castrated, the Feds have already acknowledged SpaceX is "Too Big To Fail", and the big banks all have oodles of shares leveraged to the hilt, there's a vested interest across the board in this stock going up up up forever.

Then the disease will just be endemic in our portfolios.

The disease is the stock market as a whole. Asset inflation creates malinvestment. The fixation on economic growth means we'll immolate useful capital in the name of the Big Number Going Up. And disproportionate ownership stakes cause property to congeal into fewer and fewer hands with every generation.

Our portfolios aren't at risk, because our porfolios are less and less important to the final valuation of these markets. This is six big companies sucking each other off in an ouroboros of graft and fraud. If the markets went to zero tomorrow, we'd be far better off over the long run than if this post-COVID bull run never ends.