$STG 🫣 Investors are bailing from the markets
Jim Cramer pointed out that capital is flowing out of crypto, precious metals, and stocks towards the SpaceX IPO, as well as into cash in anticipation of potential "discounts" in the market.
The valuation of the IPO has already surpassed $1.8 trillion, which could make it the largest launch in history. At the same time, such a high starting valuation carries risks for traders — sustaining further growth will be a tough ride.
💬 I think that after the IPO launch, the market will see another dump down. It might not happen right away, but in a week or two, and then we could hit that $45K price point.
Jim Cramer pointed out that capital is flowing out of crypto, precious metals, and stocks towards the SpaceX IPO, as well as into cash in anticipation of potential "discounts" in the market.
The valuation of the IPO has already surpassed $1.8 trillion, which could make it the largest launch in history. At the same time, such a high starting valuation carries risks for traders — sustaining further growth will be a tough ride.
💬 I think that after the IPO launch, the market will see another dump down. It might not happen right away, but in a week or two, and then we could hit that $45K price point.