So much winning.
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Billionaires and corporations are absolutely winning, in the foreseeable future.
While yes, the stock market going down is the opposite of “corporations winning”
We also believe the dynamic macro environment has contributed to a more cautious consumer
Am I getting this right? Is this double speak for "the government is fucking up so badly, people try to save some wealth for the inevitable fall of society"?
I think that is what the main point is. Brace for extremely hard times.
I look forward to mainstream media using real words with real meaning, again.
Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.
Looks like I made the right choice by not saving money at all and working until I die.
Looks like I picked the wrong week to quit sniffing glue
These are the type of comments I came to read on Lemmy.
It's going well with the 'Make America Great Again' over the other side of the pond
Bro just quit buying avocado toast and pull yourself up by them bootstraps, you're just not working hard enough bro get on the grind and then you can maybe retire in a slightly larger cardboard box
Maybe even be able to afford the ritzier corrugated cardboard boxes everyone’s talking about?
Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.
You've made HALF the right choice. You "sold high", which is great!
However, the harder part is knowing when to go back in for the "buy low" part. If you're out of the market when that recovery occurs you'll be missing out on those gains. I've look at historical recoveries and can tell there is no way I'll know when that time is. I will guess wrong every time.
I hope you're better at it than I am.
Most people arent playing the market daily. Especially in something like a 401k. You dont need to time the bottom. We're already in a correction, and its still going. You can wait until the market recovers, and as long as you buy back at a price lower than what you sold, call it a win.
Dont chase, "what could have been" because youll always feel like you lost
Timing the exact top and bottom is impossible, but you can always sell at an all-time high and buy at a 52 week low.
Personally, I find it more effective for myself if I frame it in terms of "owning the most shares" instead of "making the most dollars".
If I started with 100 shares and now have 200 shares, I consider that a win, even if the 200 shares together are worth less than the 100 shares were at one time.
Timing the exact top and bottom is impossible, but you can always sell at an all-time high
An all-time high? So on point over the prior record and you sell?
and buy at a 52 week low.
I'm not understanding your strategy here. What are you accomplishing by putting your money back into the market at the dollar figure equal to the lowest value in the last year (52 weeks)? Especially if you sold at one point over the prior record (the all time high) you could be out of the market for years while stocks are on a rapid increase. The last 2 years of the S&P500 were both north of 23% returns back to back. Using your method you would have sold sometime in 2022 losing all those HUGE gains.
What if the recover occurs prior to stocks ever hitting the 52 week low? You'd still be out of the market and will have missed the recovery.
Personally, I find it more effective for myself if I frame it in terms of “owning the most shares” instead of “making the most dollars”.
If I started with 100 shares and now have 200 shares, I consider that a win, even if the 200 shares together are worth less than the 100 shares were at one time.
This confuses me even more. Number of shares is completely irrelevant. Stock splits double shares (and half values), a reverse stock split would double value (but half number of shares). I mean, if you're just interested in number of shares, you do you, but most people use stocks as an investment vehicle where the value of those stocks is primary value (voting rights being a second value but most people don't care about that).
That's great, until our money is worthless and hyper inflation sets in. Nothing will keep your money safe from that.
11 weeks ago, '2023' was last year.
This isn't a slump yet. If Dougie shuts off the power to three states, I hope he does it during a break between the "oh no unregulated drinking water had maaaaaaaassive e.coli in it" diarrhea outbreak right when the softwood tariffs have cratered the toilet paper supply the worst.
At that point in time, expect a stark realization of the state of things to cause some sadness to leak into the market too. I predict three northern states fighting for black market TP and shitting prolifically in the dark to really affect the market. But probably, still, not his numbers.
this isnt a slump yet
Technically we are in correction territory, so id say we are a slump. This isnt the bottom though. Get some puts and ride this baby all the way down. I hit 10x on tesla puts that i bought yesterday. This markets dumb and with the volatility this high, everyone should be making money if they sell when they are green and done diamond hand it
I love this idea that while 60% of the country is living paycheck to paycheck “everyone should be making money” like everyone has money to invest. We are well and truly fucked
From a Canadian masterpiece of a videogame:
Like all of you, I was born poor, with but a meager derivatives portfolio and limited vesting options.
I find it deeply funny that fascism is completely compatible with capitalism (it's arguably its end-state), but they're still tanking the economy because Trump doesn't understand tariffs.
Fascism ultimately tanks any system because it prices loyalty above all else and you inevitably end up without any compitent people in charge.
They understand tariffs. They want stock prices to tank so they can rake in on slashed prices. This is just more and more of the same wealth transfer in the past 45 years, just so in our faces that people don't want to believe it's happening.
Thanks trump.
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
wow, pandemic numbers without a pandemic. trump rules...!
imagine what it'll look like when the second pandemic hits
Honestly, kinda surprised it is only dropping this much. Would have though the collapse of the free world as we know it to have more of an impact.
Personally, I am guessing that the American Dollar will end up like the Weimer Republic's currencies.
I am removing my life savings from the bank and turning them into Euros. Everyone's economy will dip, but I am pretty certain America will have a Greater Depression. Unlike the Great Depression or the Weimer Republic, the annihilation of government agencies and fiscal instruments is deliberate & total.
I've moved most of my savings to Gold since around 2010 partly because I was in the Finance Industry during the financial crash of 2008 and saw how the "fixes" done back then weren't at all fixing the problems, just kicking the ball forward on the backs of people whose income mainly comes from work (hence the growth of inequality, slow down in social mobility and insane various bubbles including realestate that kept on getting inflated for the last decade) something which has been fueling the growth of the far right (people are feeling the pain, getting pissed of and lots of money has been put by very rich people into political entities and the newsmedia to spread the idea that it's outsiders who are to blame for all this rather than very wealthy insiders plundering an economy which has ground down to a halt its growth, in collusion with local politicians).
I was also in the Tech Industry during the tech crash of 99, which probably made me even less trusting in the current system's long term stability.
Gold is a pretty old fashioned way to try and retain some value on one's savings, especially in countries where government management of the Economy and the local currency is pretty bad (in my own country of Portugal it used to be pretty popular to get it in the form of jewelry for that purpose, though not anymore, and it apparently still is in India and most of Asia including China).
(Basically, it's the "oh shit" option for when the Economic situation gets very bad and people fear the value of state issued currencies themselves won't hold)
I can tell you that even though Gold has been mostly just kept up with inflation for the last decade and a half (with an uptick when Russia invaded Ukrained), Donald Trump's actions really made the value of Gold in most currencies (especially USD) take off like a rocket, or in other words, that the value of most currencies is falling hard compared to what up to 71 was treated worldwide as the reference "currency".
IMHO, it's a pretty fucked up sign, especially for the US Dollar (which has the extra nasty bit that it stops being the World's Reserve Currency, all the benefits from it will unwind and if that happens fast - within a year or two - we might see shit like hyperinflation in the US).
PS: And if I may gloat a bit, I was living in Britain back when Brexit happened and did call it successfully and saved my savings by having most of them in Gold and Euros when Brexit crashed the British Pound by about 30% vs the Euro, something it never really recovered from. Maybe I was lucky but I remember that at the time and even before the Leave Referendum I felt that the Austerity in Britain was stretching the political environment in the country and that it wasn't a safe place to hold my savings, even though back then all my income was in GBP.
Stable genius getting results!!!
I told my partner that we needed to stop excessive spending like going out to eat while the economy is so uncertain. She was ok with that. I'm not feeling great about our (collective) future. Sigh.
It's hard to lie about stock prices, let's watch them continue to shout their propaganda as the riots start.
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They inherited Biden's economy
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trump can't affect anything so soon
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It would be worse under Kamala
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We'll just have to suffer a little pain while trump fixes things
Take your pick of weak excuse
At this point the people that still like trump would happily live in a cardboard box as long as people they didn't like were denied a cardboard box
This brings a smile to my face. My stocks are somehow all steady. The smile is not for those like me losing out. It for all those rich 1-3% who it really hurts. When the orange tumor and his apartheid nazi loses their support then perhaps we can do something that doesn't equate to civil war.
lol, no. Rich ppl just gonna buy when retail sells. Smart money sold already.
OMG... Trump was lying about fixing the economy? Please say it isn't so!
Its a bit higher than the low it hit two weeks backish on the 13th. Its significant because the bit of recovery petered out and in the past little false recoveries like this was the stair step down that made it into a truly crashing market. It did not so far though fall below the low of the recent drop but it is pretty close to it.
Thanks trump. (if he can take credit for Biden's economy then he can take credit for his ineptitude too)
This isn't because of Bidens ineptitude though. This is entirely Trump's fault. Anyone with half a brain could predict this after attacking our allies and bringing up the tariffs.