Investing General Discussion

Tide27 said:

I dont follow the market all that closely, but I used to years ago.

What is a basic TLDR on why the market continues to rip up when there is not a single positive piece of economic data out there.

Middle class is getting ripped to shreds, inflation is killing everyone, gas is the highest in history, food shortages, supply chain problems, small business closing left and right...on and on..

Yet the market jusr keeps going up.

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Ask 10 people, get 10 answers. And none may be right. My theory?
Cash sucks with inflation, so no one wants to hold it. Shitty economic numbers makes some think the Fed will blink and slow rate hikes (as they hope inflation magically disappears). This means big tech will benefit. The most influential stocks for indexes are big tech. Big tech are viewed as "safe investments" because they have bulletproof balance sheets. Finally the sell down has lowered PE ratios (if you believe in such things) on big tech down to 10 year lows. FB had a PE lower than it's EPS.

So.. people are buying big tech and that is boosting the indexes.

Or I am totally wrong.

Farmer Blazin giving no fucks today.

Khane said:

Everyday I check my portfolio then go outside and rip a tree out of the ground in a fit of rage. Then I bench press it 20 times. Making sick gains

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I think of my portfolio the way new guys were told how to think about Vietnam. Instead of saying I have X days until I rotate home, they told them to say I have X days in country. Much better to say I have 25 days in versus I have 340 to go.

So I say to myself my portfolio is up 17% from it's low a month ago. It's better than saying I'm still down 16% from the high.

Life is perspective.

Sanrith Descartes said:

I think of my portfolio the way new guys were told how to think about Vietnam. Instead of saying I have X days until I rotate home, they told them to say I have X days in country. Much better to say I have 25 days in versus I have 340 to go.

So I say to myself my portfolio is up 17% from it's low a month ago. It's better than saying I'm still down 16% from the high.

Life is perspective.

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I prefer just to not log into Fidelity at all.

I'll have more cash to invest in two days and I'm salty the QQQ isn't pinging the high 270's.

Jysin said:

Fucking awesome Elon.. haha!

03:02 [TSLA] *CEO MUSK PAUSES ALL HIRING WORLDWIDE; NEED TO MAKE ABOUT 10% REDUCTION IN STAFF - PRESS CITING EMAIL STATEMENT
- Musk reportedly states he has 'a super bad feeling about the economy'

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Who do you trust more on the economy, Musk or Yellin?

fris said:

working for a large company, i kinda welcome a 10% work force reduction. on almost any team, there's 10% dirtbags that work just hard enough not to get fired. give them a package and send them to early retirement. company can re-spend that budget in 12 months on new people. as long as the layoffs are a small % and smart, company comes out ok.

I know leaders that keep trash budget just so there's easy things to cut when a reduction comes.

long as my leader isn't counting on me being part of his easy reduction right?

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It will be interesting to see if this work force reduction only takes place in Cali or if it is spread evenly. It might be him just dumping headcount in shithole California.

Musk > Yelen in every day that ends in Y.

Falstaff said:

Musk is just a memelord at this point.

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