Investing General Discussion

Sanrith Descartes

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So the same people who were buying a fed rate cut are now buying a stronger than expected jobs report? Sounds about right.
 
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Falstaff

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So the same people who were buying a fed rate cut are now buying a stronger than expected jobs report? Sounds about right.
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Zog

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Until we break below 381.70 technicals are bullish. This is the first level that has touched the fib level below and retested. We did close below the 50% retracement which is still iffy but big money has bought at the 50% all week and buying pressure is there for support.

Outside of black swan shit, assets are the way going forward.


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Palum

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View attachment 508135


That non-existent student loan budget hits hard.
I have a feeling this is all expensive CC spending to maintain lifestyles and people are just chugging through savings and credit limits.

Anecdotally, I'm like the only person I know who has actually measurably changed spending habits since Ronaflation pissed me off. Maybe I am just in a bubble but literally everyone I know is acting like nothing changed and I know a lot of them did not get a 25% raise. Kinda worrying.
 
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Kirun

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Maybe I am just in a bubble but literally everyone I know is acting like nothing changed and I know a lot of them did not get a 25% raise. Kinda worrying.
In my industry, salaries actually went DOWN by 3-5k or so at the mid to senior level management. At entry level management it dropped by 5-10k. Our last outside hire at entry level manager makes only around 5k more/year than a 1 year associate.
 
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Sanrith Descartes

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In my industry, salaries actually went DOWN by 3-5k or so at the mid to senior level management. At entry level management it dropped by 5-10k. Our last outside hire at entry level manager makes only around 5k more/year than a 1 year associate.
I asked myself about getting a raise last week and told I myself I was lucky to have a job. My boss is a dick.
 
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Sanrith Descartes

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Just putting this back out there as a refresher. From Boeing internal emails on the 737 Max...

“This airplane is designed by clowns, who are in turn supervised by monkeys,” one Boeing employee wrote in a 2017 instant message exchange apparently bashing fellow colleagues at the company.

“Would you put your family on a Max simulator trained aircraft? I wouldn’t,” another employee asked a coworker in a 2018 conversation before the first crash. “No,” the person responded.

“I still haven’t been forgiven by God for the covering up I did last year,” one employee wrote in 2018, referencing interactions with the FAA.
 
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Mist

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Pretty much. The environment is very reminiscent of 2008/2009 where this mentality was rampant.
I've gotten 28.3k worth of raises in the past 18 months, and I could likely get 10-15k more just by threatening to quit for a third time. Two of my manager's peers have called me (the two managers that initially hired me) and encouraged me to do so. I just don't think it's worth the stress at this point, no reason to be a squeaky wheel in this environment either.

So I half-agree with you, I guess. I could get more money, but more money would put a target on my back if things went south 6-9 months from now.
 
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