So much winning.
Billionaires and corporations are absolutely winning, in the foreseeable future.
While yes, the stock market going down is the opposite of “corporations winning”
the pie is getting smaller but the oligarchs are getting bigger slices.
If you bet on falling stock prices you can still get richer. Especially if you do not give a fuck about what companies you bet on. Or workers. Or society.
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
At least you don't have a drinking problem
It's going well with the 'Make America Great Again' over the other side of the pond
These are the type of comments I came to read on Lemmy.
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
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).
You can never time the lowest point. What you can do however is guarantee yourself a massive gain over the next few years when the stocks inevitably go back to pre-trump levels by buying it now, which is already much lower than it was 2 months ago
The right time to go back in is whenever this admin is done, there is no "low" when the floor keeps falling out.
That sounds like a rational answer. Stock markets are not rational. Also, who's to say the next admin isn't just a carbon copy of this one?
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.
I have an acquaintance that works for an old money, very wealthy family from oil money. The kind that influences regional as well as national politics. He worked for them during the last major recession in the late ‘00s. He basically said that his employer and all their buddies were running all over the world buying everything they could “like it is a fire sale” during the recession.
So yeah. This is how we get more billionaires, more oligarchs, and more meta national corpo monopolies where one company controls multiple brand names.
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.
Yeah, for sure, fascist regimes have a pretty short shelf-life in general because of cronyism and incompetence. I'm just saying there's nothing inherent to fascism that should be tanking the economy right now in the way, say, a communist revolution would by causing capital flight. If he wasn't pushing the worst, most unnecessary trade war in history, Trump could have a strong economy right now.
wow, pandemic numbers without a pandemic. trump rules...!
imagine what it'll look like when the second pandemic hits
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.
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.
Thanks trump. (if he can take credit for Biden's economy then he can take credit for his ineptitude too)
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
His supporters would clap and cheer in the dark while he unscrews the last lightbulb.
Meanwhile, the CAC40...
Stable genius getting results!!!
since 2023
So what's the explanation for why stocks dropped so much in 2023?
Inflation was part of it, also the Russian incursion into Ukraine was sparking fears of ww3.
The actions of this admin are reigniting those fears and we’re witnessing similar results in the market.
OMG... Trump was lying about fixing the economy? Please say it isn't so!
Thanks Trump
Its almost like it can't forever be going up..
Almost like someone actively causing instability with bad economic policy and stirring global political instability would cause it to go down.
Except if you follow very basic economic policy and buy low/sell high a recession/major correction is just a buying opportunity. Think new game+ mode, now you extra stonks on your new playthrough.
Clarification: I'm talking about banks causing collapses as a way to consolidate. Not wallstreetbets shit.
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.
Wow who would have thought a demented orange traitor shitstain and his micropenis techbro side kick were absolutely imbeciles …..if only there had been signs
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