LeBron James will play basketball for the Philadelphia 76ers. He announced this. People who trade options on DraftKings stock immediately began calculating what this means for their portfolio. The answer is nothing.
James played eight seasons with the Lakers. He won one championship. He made movies. He complained about load management while demanding load management. Standard stuff. Now he's 41 years old and joining a team that hasn't won a title since 1983. This is what we call a growth opportunity.
Retail traders are currently searching "how does LeBron affect my NVDA calls." They're typing it into Google. They're waiting for an answer. The answer will not come because the answer does not exist because there is no connection between these two things. But they'll find a connection anyway. They always do. Someone on Twitter with 47 followers and a laser-eyes profile picture will post a thread explaining why LeBron to Philly means semiconductor stocks go up 12% by August. The thread will get 3 likes. Two of them will be from bots. The trader will screenshot his $180 gain and post it with a caption about generational wealth.
The 76ers are a basketball team. They play basketball. Sometimes they win. Often they do not. LeBron James joining them will cause basketball outcomes to occur. None of those outcomes will tell you whether to buy or sell anything tomorrow. This will not stop anyone from trying.
His 24th season breaks his own record for most seasons played. He's competing against himself now. The only opponent left is time, and time's got a hell of a win rate. But sure, let's pretend this affects your Robinhood account where you're down 64% on meme coins you bought because a guy named TruthPatriot1776 said they were "the next Bitcoin but better."
Photo by LOGAN WEAVER | @LGNWVR on Unsplash
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