Just How Low Can Space Stocks Go?

More than half of Chinese children want to be astronauts when they grow up. That’s not just because the CCP is telling them what to say and how to say it. China is an amazing country where work ethic and family values are reminiscent of the U.S. in the 50s (though they’ve started copying America’s bad habits lately), but that’s not what makes her children gaze longingly into the skies. They weren’t weaned on Star Trek and Star Wars, they’re just expressing the same feelings mankind has evoked since we first walked this planet. This primal fascination extends to the retail investment community as well. After cannabis, space probably attracts more newbie investors than any other theme we cover. Not coincidentally, cannabis and space are the two themes we have the least amount of exposure to.

That’s intentional, because themes that attract newbie investors will be more volatile and easier to manipulate. Look no further than meme stonks for evidence of how much noise retail investors can create. Despite these risks, we need to consider if increasing our exposure to space stocks makes sense given we’re in a bear market and have cash in