And what did you think the policy goal of the Fed and administration was in 2020 when you decided not to invest in stocks?
I bought stocks in the spring of 2020, sold in like July or something when we blew past the ATH.
In 2020 I thought their goal was to pump money into the economy and keep it afloat, and deal with it later if it caused too much inflation.
I did make a move yesterday, dumped my fedex for waste management, if things go bad from here at least WM won’t get hit too hard whereas fedex would get obliterated.
Not sure yet which way this is gonna go seems like they might be favoring the greece route rather than the pure money printer route for now which isn’t good for stonks in the short term, though I think the people citing the old data are misguided with stonks only go up, plenty of markets went up until they didn’t.
My hunch is picking and choosing is the way to go for awhile, for example, google tanks but microsoft went up before it wouldn’t have mattered really.
Meta smashed earnings again. Shock!
Zuck is already giving up on metaverse nonsense after losing like 10s of billions
So I’m definitely massively biased, but telemedicine is a fucking sham imo. It seems to work pretty well for a few things, like dermatology, psych and a few more things. But damn I see at least 2 patients per shift who came into the ER simply so they could talk to someone and have someone lay hands on them. People, olds especially, want to see their doctor and go through the ritual of listening to their heart and lungs even though it’s bullshit 99% of the time.
Don’t even get me started on the number of ear infections diagnosed purely over the phone either. Utter horseshit.
Honestly what makes me actually mad is that they just send every single abdominal pain and chest pain to the ER, even when it’s clear it’s not a serious thing. Then the patient expects the whole show when I just want to discharge them immediately.
It seems like it’s extremely good at doing exactly what it is designed to do: saving insurance companies money.
At least I assume, since they all seem to push it pretty hard.
I’m shocked, SHOCKED I tell you, to hear that what’s good for the insurance companies sucks for everyone else involved.
I dunno the primary care docs love it too. My view here is very skewed, as my job is to be the safety net when this system fails or isn’t satisfactory
Really? Why do they love it? I get that it probably keeps people out of their offices a bit, but doesn’t that cost them easy money?
I will say it helped me out a lot when I didn’t have a car on a day that I was pretty sick right before a holiday, so I was able to get a prescription called in and a buddy who lives nearby picked it up for me and dropped it off. So I could see it helping people without cars, one-car multi-adult households, etc. But I definitely felt like I was only about 60% confident I was getting the right diagnosis/medicine. Even the doc was like “Yeah, I dunno, could be this, could be that, we’ll try this!”
Works great for getting approved for medical marijuana cards, though!
well sending every patient is to cover their ass obviously
though for everything else it’s usually pure dgaf
doctors are weird
The FB bounce is pretty weird considering that there was lowest revenue growth ever and that they could actually drop revenue next quarter. Could be Wall Street downgrades coming on the back of these possibilities although I expect nothing of those morans.
Depends on your payment model. People like working at home
yeah man that’s like 70%+ of outpatient medicine (preventative is more here, there are some things where it’s just this). For emergency medicine, it’s easily 90%+. Medicine is the art of doing as little as possible to a patient to keep them safe.
It’s not priced as a growth stock anymore. Trading at a very reasonable PE of around 15, with a very strong balance sheet. The metaverse shit will be a drag on earnings for a while. If they hit on that, though, it skyrockets.
Otherwise, it’s still a strong app/social media company with shitloads of data on American consumers to sell to advertisers, with a good track record of acquiring up and coming competitors. They’ve still got about 6% of the market cap available for buybacks, too.
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Yeah this was a strep throat vs not strep throat situation though so I think actually seeing it in person probably adds significant value. I know when I was a kid maybe every third or fourth sore throat my doctor would look at it and just immediately declare it to be strep, take a throat culture to be sure, and he was never wrong.
Never the less, not an important tangent. Seems like telemedicine has its applications and will be broadly overused to save insurance companies money, whereas Cathie Wood seems to think you point a webcam down your throat and get insta-healed.
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Probably at the latter.
(docs are notoriously bad about calling what is and isn’t strep - and treating it doesn’t really matter)
How so? Just a comfort thing to reduce symptoms and shorten duration with no other impact?
Basically untreated and treated strep has the same likelihood of having a complication anyone really gives a fuck about
Investment Wizards: My plan got switched over to a new provider so I just set my allocation as follows:
Seems reasonable right?
Yeah, seems fine.
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