HYPERLIQUIDnews 10.0/10meme 6.0/10R-0117
elon says talarico would end democracy as the nasdaq slides into correction
elon musk replied to posts quoting texas democrat james talarico on ending the filibuster and expanding the supreme court. he wrote 'this would be the end of democracy in america' and said talarico would 'abolish democracy in america and institute permanent one-party rule!' the same day, kobeissi letter reported the nasdaq 100 entered a technical correction, down 10% from its october 6th record high, with intel down 31% on the day. in a related thread kobeissi noted the nasdaq is still up 12% year to date and the s&p 500 up 10%. the timing point doing the rounds: market-implied odds of a democratic midterm sweep are at a record while tech sells off. the posts show correlation in timing, not proof that one drives the other.
HOW TO CHECK IT YOURSELF
- read elon's two replies on x and the posts he quoted from @america and @KanekoaTheGreat
- check @KobeissiLetter for the nasdaq 100 correction and intel drop figures
- compare nasdaq 100 level against its october 6th high on any charting site
WHAT IT MEANS FOR YOU
politics and markets are being read together into the midterms. a 10% correction is a technical label, and year-to-date the index is still up, so the story is more about sentiment and attention than a verdict on either.
politics and markets are being read together into the midterms. a 10% correction is a technical label, and year-to-date the index is still up, so the story is more about sentiment and attention than a verdict on either.
receipt R-0117 · x: https://x.com/elonmusk/status/2116242885376974965 https://x.com/elonmusk/status/2116240704393351411 https://x.com/KobeissiLetter/status/2116243866718523645 https://x.com/KobeissiLetter/status/2116242951773045185 · 30 oct 19:07 utc · by data butcher