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Seems to be an epidemic of rich people falling out windows.
I guess 1929/2029 is going to arrive sooner than we thought. 😱
Seems to be an epidemic of rich people falling out windows.
The market needs its losers. These particular losers are directly handing over their money to those with established wealth. It's both hilarious and sad. Hilariously sad.I don't see why those monkeys trust anything RC says or does. All he does is profit off them. Still in his mid 30s and made 100s of millions with his stupid shenanigans.
Even Gamestop has done nothing but lose money since he has been monkeying around with it.
One hundred years from now, RC will be remembered as the pied piper of memesters, getting people to YOLO $80 call options on a $20 stock he dumps on their head.
Google Pays ‘Enormous’ Sums to Maintain Search-Engine Dominance, DOJ Says
Alphabet Inc.’s Google pays billions of dollars each year to Apple Inc., Samsung Electronics Co. and other telecom giants to illegally maintain its spot as the No. 1 search engine, the US Justice Department told a federal judge Thursday.www.bloomberg.com
Looks like the DOJ wants to rein in Google's search payments. In particular this could be really bad news for Apple because that's like 90% of their "services" revenue.
Google Pays ‘Enormous’ Sums to Maintain Search-Engine Dominance, DOJ Says
Alphabet Inc.’s Google pays billions of dollars each year to Apple Inc., Samsung Electronics Co. and other telecom giants to illegally maintain its spot as the No. 1 search engine, the US Justice Department told a federal judge Thursday.www.bloomberg.com
Looks like the DOJ wants to rein in Google's search payments. In particular this could be really bad news for Apple because that's like 90% of their "services" revenue.
I was wondering when they were going to go after these payments. They seem very anti-competitive, like colluding with a competitor to sell your products only.
My portfolio is up ~3% since friday.
More people will be exiting stocks and holding onto cash. That's fine. Inflation will inevitably go down and people will return to stocks. However far out into the future that is. Reports like this make it clear it's not happening anytime soon.
I'd be interested in seeing how the real estate sector plays out over the next year.Cash is a bad place to be during high inflation. Its losing value at the rate of inflation, but perhaps that's better than losing at the rate of the stock market.
I moved some of my money to short-term bond funds which are getting increasing yields from higher bond rates. I also think real estate is a good place to be. The value of the real estate goes up in price and many riets pay a dividend.
The opposite of cash is debt. Debt is usually the best thing in times of inflation. Meaning borrow money and buy assets that you can sell later at an inflated price (all while inflation makes your debt easier and easier to pay off). Physical real estate could be part of that purchase. But real estate in general hasn't done well (Vanguard's REIT VGSIX is down 9.75% in the last year) so you have to be careful what you buy in real estate.Cash is a bad place to be during high inflation. Its losing value at the rate of inflation, but perhaps that's better than losing at the rate of the stock market.
I moved some of my money to short-term bond funds which are getting increasing yields from higher bond rates. I also think real estate is a good place to be. The value of the real estate goes up in price and many riets pay a dividend.
Haven't seen a 5+% drop in the QQQ since 2020.
NVDA hits new lows for the year. Down 9.47% today. Still more lows to come.
Number of people taking Unemployment is trending downward again. Wall Street's not gonna be happy about that.
Maybe the strength of the economy should not be a market but rather how well it's citizens have basic needs met vs insane wealth inequality, quality of life, good wages and more. The stock market is fine for people who have time to invest very long-term and hold, and the very wealthy that they can play and weather ups and downs. It's absolutely terrible to be the primary indicator of an economy's health.Bear markets always seem to find a bottom, then the bottom falls out again. And again. And again.
This year reminds of the "buy the dip" rallies of 2000 and 2020. There were some extreme ups followed soon after by extreme downs.
Since the government still does not get it and keeps pumping more and more stimulus dollars into the economy, Bidenflation will continue to take its toll.
We we need is government austerity and 10% spending cuts across the board.