Re: Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

On Fri, 24 Jan 2025, Auric Hellman wrote:

On 1/24/2025 9:52 PM, JAB wrote:

On Fri, 24 Jan 2025 20:12:06 -0600, JAB <here@is.invalid> wrote:
 

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are hoping to sell the X debt at around 90 to 95 cents on the
dollar

 In email to X staff, Musk says "user growth is stagnant, revenue is
unimpressive, and we're barely breaking even"; sources: banks plan to
sell their debt in X (Wall Street Journal)
 https://bsky.app/profile/techmeme.com/post/3lgjbldyxgo2h
 Apparently, Musk can't point his finger at himself....

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Just waiting for the market to crash, again.

This will happen! The question is only _when_? Find that out and profit greatly!
As for me, I quit trying to time the markets many decades ago, and I follow along through downs and ups.
I think the current market will continue for at least another 1-2 years or so, since interest rates are going down, and Trump will do anything he can to breathe life and keep the markets happy. He might be able to virtually extend the markets life with 3-4 years perhaps.
The other question is that an AI crash will happen, since the models are not improving that much anymore and no AI company is making money. The question there is, will they pull down everything non-IT related, or will it be contained to the AI space? After all, a lot of the AI guys are non-listed, so that will have some mitigating effects. On the other hand, FAANGs are all into AI and will be pulled down, and they will pull down the general market as well.
My bet is at least 2 more good years, and then it might become a bit shaky.