Every job comes down to politics in my experience. It sucks and it’s draining but ignoring it is career suicide.
Holy STONKS
Just sold my PSEC at $7.48, counting dividends I returned -1.65%. S&P did -8.74% counting dividends.
One of the upside plays with PSEC was a rising rate boosting their earnings, and they have an earnings call in 30 minutes. I think the news today on inflation could lead the market to decide that upside isn’t there as much.
I also think I can find more upside elsewhere, so I’m happy to have more dry powder.
Not programming. Not after you build something useful and you can make changes in 5 minutes that would take someone else two weeks + bugs.
It’s all very field specific. Your career will change your brain. Bless the poor commission salespeople, for example.
My programming job has 0 measurable politics. I could get promoted at least once (as an individual contributor) and still be successful ignoring politics.
Holy fucking brrrrrrr
1 Like
Has to be the best day in decades, holy shit
Market really loves Fetterman
8 Likes
i wonder what percent of these layoffs are software engineers.
Imagine selling $10b worth of tsla stock and missing this pump to overpay for a company that’s still probably losing value today
3 Likes
Largest daily point gain and 14th largest percentage gain in history for Nasdaq.
1 Like
I was just going to post this. Most of these are form 2000 and 2008. Two and four were in October 2008 towards the end of the bear market but not before the Nasdaq lost another 21% in November. All the dates in 2000-01 were just big bumps on a long way down. Number 5 on the list I believe is the day Trump gave this crazy 3 pm press confrence that moved the market like 8% in to the close. The following Monday the market open up limit down (circuit breaker was triggered at the open)
Today was tied for 10-21-1987, four weeks before black Friday! There are three dates on the list that marked the tail end of a bear market and the start of a new bull. 12,19, and 20. 05/02 and two dates in March 2009. So there is a 3 out of 19 or about 16% that we have hit the bottom and are starting a new bull market. Based on history that would leave at least an 84% chance that there is more downside to come. Maybe even a lot more!
1 01-01-03 2,616.69 +324.83 +14.17
2 2008-10-13 1,844.25 +194.74 +11.81
3 2000-12-05 2,889.80 +274.05 +10.48
4 2008-10-28 1,649.47 +143.57 +9.53
5 2020-03-13 7,874.88 +673.07 +9.35
6 2001-04-05 1,785.00 +146.20 +8.92
7 (tie) 2001-04-18 2,079.44 +156.22 +8.12
7 (tie) 2020-03-24 7,417.86 +557.18 +8.12
9 2000-05-30 3,459.48 +254.37 +7.94
10 2000-10-13 3,316.77 +242.09 +7.87
11 2000-10-19 3,418.60 +247.04 +7.79
12 2002-05-08 1,696.29 +122.47 +7.78
13 2000-12-22 2,517.02 +176.90 +7.56
14 (tie) 2022-11-10 11,114.15 +760.97 +7.35
14 (tie) 1987-10-21 351.90 +24.10 +7.35
16 2020-04-06 7,913.24 +540.15 +7.33
17 2000-04-18 3,793.57 +254.41 +7.19
18 2009-03-10 1,358.28 +89.64 +7.07
19 2009-03-23 1,555.77 +98.50 +6.76
20 2000-04-25 3,711.23 +228.75 +6.57
I straightened up the columns when I typed this but the app smooshed it all back together.
3 Likes
Man is her face gonna be red when she finally gets around to reading the next chapter of her kid’s history textbook.
8 Likes
I don’t think it is and I wouldn’t touch this as a result. Your stock holdings on robinhood are insured but this is not.
What world-shaking technology is she even talking about here? Doing teleconferencing with VR goggles? Bitcoins finally find a raison d’etre?