I distinctly remember a DOW 40k book. Not sure about 50k though lol.
The good news for the millenial first time homebuyer is it sounds like they’re trying to sell to institutional investors instead of millenial first time homebuyers, so prices will stay high, supply will stay low, and they can keep on paying rent to capitalists.
The problem with getting out of stonks right now is I think we already have very real inflation in like everything except big screen TVs, which is apparently 50% of the CPI.
Cash just feels more terrifying than the impending market crash.
Idk, but it feels like the chaos and inflation is pretty much ready to subside.
I mean, how much different is it going to be this time from the apparent chip glut in 2001 after the crazy buying in 1999?
https://www.edn.com/opinion-chip-glut-wont-end-any-time-soon/
There’s really nowhere to hide right now. There are plausible scenarios that include inflation, rising interest rates, and poor corporate earnings. That’s bad for cash, bonds, and stocks. I guess we can take solace in the fact that in that scenario the US government will certainly try to bail out the stocks, probably through quantitative easing that will bail out the bonds, with the effect of curtailing inflation. So maybe just have enough cash to ride out a capital markets crash, and then just wait for all the asset valued to bounce back.
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Cash gets devalued in the mean time, but yeah, the options all suck and I’m doing retirement planning based on negative real
returns from everything invested in today and then just pray the crash somehow comes after I die.
Everytime I try and do a bottoms up analysis to justify any of these valuation I end up depressed. Like take all the electric car related companies and try to drill down to what it implies for car sales and margins or what the booming online gaming stocks imply for how
much each American is going to bet a week. Everyone has lost their minds
50 straight years of exponential 5% growth. What could go wrong?!
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Where are the working hard thank you tweets from Biden?
GAS PRICES! MILK! NO ONE WANTS TO WORK!
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What if no one ever actually understood market valuations and it was always like this, and we were just deceiving ourselves all along.
In today’s edition of first world problems, my NVDA is approaching 100 bagger status. It has unintentionally become way too much of my portfolio. Since stonks are stonking, I can’t divest much with tax loss harvesting. If I sell, there is a massive tax hit. I use it for charitable donations, but I guess I’m not charitable enough to make a huge dent.
There is no way this ends other than me hodling and it becoming worthless somehow.
This is borderline dril candle territory. Sell the “too much” portion and take the tax hit.
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Yeah, I know that’s right, but the body rejects paying that much tax.
Also “dril candle”?
https://twitter.com/dril/status/384408932061417472
An aburdist tweet about a situation viewed as dire by the protagonist, but that has a simple and obvious solution that the protagonist refuses to entertain.
This is like when I told my wife that my lawnmower was in orbit, resulting in me spending 10 minutes trying to describe what that means, and still looking like a dumbass. I don’t know what’s happened to my life. Why am I referencing 8-year old tweets/memes as if they should be common knowledge?
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Yeah, I definitely deserve that.
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To be fair, lawnmower in orbit is pretty hard to explain if all you can do is talk.