Yo! What's Goin' Down?
Yo! What's Goin' Down?
TBD
To Be Destroyed
74 comments
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The stock market is generally more of a "rich people's feelings" graph - very few Americans relatively are invested in any meaningful way, most if they are do so through a 401k or similar. That said, what "the market" hates most is uncertainty - and there's quite a lot of reasons to be uncertain at the moment between tariff threats and mass layoffs (not to mention geopolitical tensions).
Importantly though (and this is just a personal opinion) I think many stocks on the market are way overvalued. Executives and investors have used every trick in the book to "make a line go up", which means they aren't really operating on any business foundation designed for longevity or to withstand swings in the market. There's bubbles lurking in a lot of sectors. I'd guess at least some of this downwards momentum will be a market correction for some of these issues.
As always though, it's the folks invested through pensions and 401ks that have the most to lose relatively. The big players have probably already taken out their cash and are just waiting to see what they can buy up in a crash.
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most if they are do so through a 401k or similar.
It's pretty easy to swap what's being held in your 401k to Canadian/EU portfolios
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He did say he would be bringing prices down on day 1, just didn't clarify he meant stock prices, not grocery prices.
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As of 1:00 PM EST, it's down 12% on the day and dropping 🥰
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As of 3:00 PM EST, it's down over 15% on the day and in a bit of a further swing 😍
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🍿🍾
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You love to see it.
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I love it.
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My 401k lol
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Moved mine to 100% international allocations on the 4th, up like 3% since then, highly recommend
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Shit, great idea... I should've realized that sooner.
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Yup. Ouch.
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Buyeu and buycanada are gaining momentum?
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I agree with the sentiment but I work in IT and yearn for when we will get rid of Microsoft, Amazon, and the tech giants.
My mother won't buy anything American at the grocery store but uses Amazon and Facebook every day.
My coworkers won't buy American products but use Windows, Teams, and Office every day.
I may be using Linux, open source software, and avoid American tech when possible, but I still use Google and Gmail.
At some point we may want to (or should) also extend that boycott to software and tech services. Have our governments, institutions and people not dependent on American corporations. It can only be good for our sovereignty anyway.
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I asked in another thread about the possibility and likelihood of a sort of "digital embargo" where the states would order American companies like steam to halt service.
Forget not being able to get oranges or having to eat frozen veggies part of the year, this is somewhere that I can't really change my buying habits and move on (my steam library can't leave steam in this example)
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I wish, but that's not it. It's just reactions to the business world realizing Trump isn't actually going to do good things for them basically
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Yeah most likely.
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The FO phase of FAFO.
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All I see here is a bunch of companies that were massively over valued in the first place.
I sleep.
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One can hope for it to be Consequences of their actions.
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They are still saying it is "normalizing".
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Yeah, right.
“Normalizing” = we dgaf what happens to everyone’s finances because we’re completely insulated from the effects.
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Big Tech always amplifies gyrations in the market. Hence, every single one of these stocks (except Microsoft, I just checked) is still beating the S&P 500 over 6 months, even with these drops. And Microsoft is still way up in the long term.
Look, I want meteors to hit them all, but huge swings are the norm for these now. Hotter stocks trade a lot like crypto these days.
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its true if you zoom out 6mo to a year+ ...most of these tech stocks etc are still way up. but panic in the market make "dumb money" sell. smart money buy cheap...
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Hotter stocks trade a lot like crypto these days.
Hum... That's not a good sign.
Instead, that's a really strong indication that people believe those stocks have the same kind of fundamentals than crypto.
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Tech stocks are overvalued right now because they're all inflated by AI hype. When that hype finally collapses the crash is going to be nasty.
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It’s more an implicit acknowledgment that it’s all a game. Kind of like crypto, roulette, or poker.
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In the long run other countries are going to pivot away from American companies and likely ban facebook, x, etc.
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Hotter stocks trade a lot like crypto these days.
It's all the same casino.
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I'm yelling timber!
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You better move. You better dance.
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whos cashing all this out? and are they paying taxes on it? like how does it work? can you just move your assets/ close out on positions and immediately shove them into some compounding interest account but still capture all the profit, with no capital gain tax?
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Depends which country you live in. But in the US you’d still pay capital gains tax over it I reckon. Since it applies at the moment of the sale of an asset. Unless it’s a IRA or 401k then you pay income tax at withdrawal. Of course you pay the taxes end of year. So you can still put it in a savings account and receive interest on all the profits before you have to pay tax
If those stocks were held less than a year you pay income tax over all your short term trades total realized gains end of the year.
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It depends on whether you're rich enough to not pay taxes.
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Hopefully large institutions seeking stability.
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I’m fairly certain until you put the money in your bank account and out of your brokerage account. You can do whatever the hell you want, but I also don’t trade like that.
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Rodrigo Duterte
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There goes my savings
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It’s stocks, innit?
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Line goes down, arrows go up.
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Karma. Thats what's goin down!
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Mundus sine caesaribus is what's going down.
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Where AMD, Nvidia and Intel!?
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Everything! 🔥
74 comments