posting ironically
Raise prices ~> Record Profits ~> Republican landslide ~> Lower corporate taxes / deregulation / etc
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The Dow is down like 10 points this week and folks are collectively freaking out like the Dow is at 18k again. I wonder what the freakout is like if it does go back to 18k again. I guess it’s crickets and backyard barbecuing or something.
If the Fed is actually serious about getting inflation under control they are going to have to rekt the economy. Im just looking at my Target red card account and its fucking insane how many items are 50% or higher since covid started.
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I read an article with data a few days ago (or maybe just thoughts from lolrealtors) saying no, but anecdotally in my market I’ve been casually browsing for houses for the past 6 months and the types of houses that spent no more than a few days on market before and sold above asking price are now sitting for a week+ at significantly reduced prices. I’m hoping that’s true and continues anyway because if I limit myself to a comfortable monthly payment my budget has been cut from mid-500k to under 400k with the rising interest rates.
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we get a huge red wave, 60+ GOP senators, Biden impeached, America effectively over
as bad as inflation has been im still doing pretty comfortably financially, got a raise last year that more than made up for my increased spending. im still way more scared of the fed overcorrecting and a scenario like the above happening.
There were a lot of people who had basically been 100% long financial stocks who looked really smart before the financial crisis. They were beating the S&P by a lot.
In other news if you picked the best possible portfolio ten years ago with perfect hindsight working at a hedge fund you probably would have been fired 2-3 times by now.
All of this is a long way of saying that paying other people to manage your money is stupid and you shouldn’t do it. This is one of those things that is very hard to outsource in a +EV way.
What about dividends?
I see we are continuing with not stonks this morning.
Are NFT’s already tanking or is that the next step?
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Unless you’re one of the 1%ers holding blue chips. Then they airdrop you free money to further exacerbate the wealth inequality.
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Sounds like something you could have done shorting ARKK with a little leverage.
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We’re not even close to the bottom as evidenced by massive continued inflows to ARKK.
Now do money weighted returns.
But you can say this about index funds too. Again, not arguing for ARKK at all. I just think it’s important to note that the reasons we use to claim investments are bad are also often true of “good” investments. The entire stock market is built upon the idea of massive continual inflows. Without them, the market dies.
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What is the reason being used in this case to claim that ARKK is a bad investment?
Sounds scary but where else are people going to put their money? Any significant drop in the stock market will just present a buying opportunity for most people who are not near retirement age, the money will come back and the cycle will repeat.
ARKK getting inflows shows a lot of people still want not just stocks but very risky stocks, which should change if we see something like a 2000 style correction