We are about to witness the largest liquidity trap in history.
One week before the SpaceX IPO, Fidelity dropped its minimum IPO requirement from $500,000 to $2,000. A 99.6% reduction. Suddenly every retail investor can buy in.
Meanwhile: Shiller PE above 40 (historical average is 16), Buffett Indicator at 219%, institutional cash at decade lows and Buffett himself sitting on $400B in cash.
No standard lock-up either. Early investors can sell early and every share they sell needs a buyer.
The biggest IPO in history, dropping into the most overvalued market in 155 years and retail just got front row seats