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Comment by BoneShard

easy: 1. Shit goes into S&P 500 (pump phase)

2. Shit goes to 0. Your 401(k) invested into S&P 500 takes a dive (dump phase)

3. Retail holding bags (full of shit) phase.

Case study: Tesla, with a P/E ratio in the hundreds along with declining sales and TAM, is a part of the S&P 500 and, consequently, of many people's 401(k)s.

parent BoneShard 5 months ago

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