Want to wade into the sandy surf of the abyss? Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid.
Welcome to the Stubsack, your first port of call for learning fresh Awful you’ll near-instantly regret.
Any awful.systems sub may be subsneered in this subthread, techtakes or no.
If your sneer seems higher quality than you thought, feel free to cut’n’paste it into its own post — there’s no quota for posting and the bar really isn’t that high.
The post Xitter web has spawned so many “esoteric” right wing freaks, but there’s no appropriate sneer-space for them. I’m talking redscare-ish, reality challenged “culture critics” who write about everything but understand nothing. I’m talking about reply-guys who make the same 6 tweets about the same 3 subjects. They’re inescapable at this point, yet I don’t see them mocked (as much as they should be)
Like, there was one dude a while back who insisted that women couldn’t be surgeons because they didn’t believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I can’t escape them, I would love to sneer at them.
(Credit and/or blame to David Gerard for starting this.)
Owenomics is also worried about changing the rules to add SpaceX and OpenAI to NASDAQ and the S&P500 while only a tiny fraction of their shares are available for trading. "Bad idea. If float is too low, the market cap is meaningless and should not be relied upon for any purpose. "
Back in January he said that the US stock market is not in a bubble until Robert Shiller's "CAPE rises to 80 (similar to Japan’s CAPE in 1989)." The CAPE (a ratio of price to the average earning for the past ten years) of the S&P500 is around 40, similar to the US in January 2000.
He does not mention new era thinking (chapters 5 and 6 of Shiller's Irrational Exuberance).