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Correct. They don't. They're throwing cash in because they're running on faith and marketing. There's a lot of TSLA promotional noise from influencers (Lutnick included) to buy buy buy. This is of course because the institutional investors are getting out and want you to buy so they don't make the loss when it collapses.

The whole market is totally insane at the market, inflated on promises not delivery. There's only one way it's going.

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This kind of thing goes in the same bucket (at least in my mind) as the traders who think UHC and PLTR are part of some great deep state conspiracy.

Those things do happen from time to time but especially when they become popular they create an opportunity for counter elites to disrupt you. Competent leaders seem to (I'd argue appropriately) consider these a liability more than an asset. I think the market is going to be neutral on them for that reason.

I also think conspiracies are much more rare than people like to think. A lot of them turn out to just be similar people thinking the same thing.

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