Michael Batnick

The US markets, the US IPO has raised $34 billion in money, and then 65, and then 65 the year later.

From 1998 to 2000, nominal dollars, SpaceX, OpenAI, and Anthropic are estimated to surpass all of the money raised in those three years.

So coming back to today, I think that

Listen, I don't know if this is going to be a top or the obvious.

I feel like in hindsight, if this is a top, this would be, with the benefit of hindsight, the most obvious top we've ever seen.

You know the Breaking Bad scene where Mike is like, you stupid bastard, we had it all and you f***ed it all up or something like that?

Oh, is that how we're going to look back at Elon?

It's like, you dumb asshole.

Look what you did.

It might be too much.

Stop saying that.

It's not $2 trillion.

That's the market cap.

It's not the buying power.

It does sound like a lot of money when you put it that way.

I like your next topic.

I agree with almost everything you just said.

I don't think it's always been nonsense.

I think there used to be simpler times.

The market wasn't as dynamic, and it used to make a lot more sense than it does today.