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The Hateful Eight is 85% of S&P 500 Decline

https://paulkedrosky.com/chart-of-the-day-the-hateful-eight-is-85-of-s-p-500-decline/
21•aanet•1h ago

Comments

kingleopold•1h ago
I like how they keep making BS names to create their financial engineering BS marketing and narrative going. so it's The Hateful Eight now what for this year and next? It used to be, FAANG, MAG7,ZIRP this, ZIRP that, Gamestop reaching to their FT stories and every news reporting at same week and so many made up BS from finance engineers.

Media is ready to lie to you and feed you BS, just waiting order(s) from finance dep.

arcanemachiner•13m ago
Unlike Mag 7, Hateful 8 doesn't really strike me as a term of endearment...
esseph•9m ago
[delayed]
cramsession•13m ago
It's totally crazy that Tesla gets included with real companies. It's a meme stock with a 323.88 price to earnings ratio. It has no business being in the S&P 500 and should quite frankly be delisted.
amazingamazing•10m ago
Short it if you think it’s overvalued
zhengyi13•8m ago
... and the standard reply to this standard reply is "The market can remain irrational longer than you can remain solvent."
bombcar•7m ago
The problem is it's very easy to make a long-term bet the stock will go up (buy the stock) but it is very hard to make a long-term bet the stock will go down (you have to pick a date by which it occurs).
ceejayoz•7m ago
Shorting requires both being right and good timing on when everyone else figures out you're right.

Famously: https://en.wikipedia.org/wiki/Michael_Burry

> During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million.

cramsession•7m ago
I do hold TSLQ (and it's been doing great). That being said, Musk has engaged openly in fraud on a regular basis and the SEC has done nothing. At this point I have zero faith in the markets to adhere to the law.
parthdesai•4m ago
Is it only Musk? Pretty sure the President himself is manipulating the market
loeg•9m ago
It is a crazy meme stock, but in terms of the S&P500, it's 2000x the size of the smallest S&P500 component.
jordanb•7m ago
Elon is working on a scam to get SpaceX into the S&P after its IPO in violation of current rules:

https://www.ft.com/content/59adbe42-ca30-47f3-9cda-5415945e9...

darth_avocado•5m ago
Markets can stay irrational longer than you can stay solvent. There are still plenty of people who still take everything Elon says as the truth in 2026. I know people who are otherwise very reasonable, immediately get defensive when presented with the mildest of the criticisms of Elon.
jackconsidine•10m ago
Point taken but I think it's a bit of a fallacy to frame this way. The market can go up and down as can individual stocks; "85% of the decline" doesn't make sense because some stocks are going up.

A book I read a few years ago put this more eloquently. Some governor said that 20,000 jobs were created last month and his state contributed half of them. Well, many states lost jobs and the state next door actually gained MORE jobs, so the "more than half" framing makes no sense

themafia•5m ago
> The market can go up and down as can individual stocks

Literally the main reason we even have indexes.

> "85% of the decline" doesn't make sense

85% of the decline represented by the overall index.

> so the "more than half" framing makes no sense

It makes perfect sense. It's just misleading.

zhengyi13•9m ago
It's been interesting to review my portfolio, such as it is, against this situation, and see that I'm down relatively little. Not because I've bet against anything per se, but I made a conscious decision years ago to diversify out of the SP500 ("VTSAX and chill!") into broader and exUS indices.

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