>my dream job
(media.communities.win)
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You should start a mutual fund.
Why are you the only one to have seen that then?
I'm sorry, I thought you were as crazy on the money thing as you are on the woman thing.
He's not. Pretty much every financial bit of financial advice I've seen for the past 3 years is, "we're on the part of the map that says 'thar be dragons here'".
The Australian "Conservatives" government told the Treasury department to begin preparing to implement negative interest rates! There was a national ban on cash transactions of more than $10,000. This was following whitepapers by the IMF on the use of Negative Interest Rates to keep the bubble bubbling along, and as an alternative (supplement?) to "quantitively easing".
Things are beyond crazy.
And yet here we are.
Of course, if you keep predicting earthquakes, some day one will arrive.
Yeah, here we are. Record high energy prices, a crashing stock market, and potential global famine staring us right in the face.
It's almost like predicting semi-random events is completely different than predicting outcomes from idiotic policy choices.
Not yet a crashing stock market.
As long as you acknowledge that they're semi-random.
I don't have that kind of capital.
Because a lot of retail traders are delusional because they want to be bullish on the market. Buy the dip, it's just on sale etc are all just nice sayings. They want to believe things will bounce like 2021, but there's so much more going on. China's "zero covid" plan will continue choking out supply of various things. Inflation will continue to rise until that stupid fuck Zelensky is sent back to Ukiewood, and then there will need to be strong action that will likely put a lot of people out of work just to lower it 2-3%. There's no shortage of institutions and respected traders going short right now, I'm not really swimming against the current. I just choose to short companies I don't like, rather than indexes. It's more satisfying. It feels like more of a win to see 10% cut off Bumble than 10% cut off the SPY.
The consequence of a wrong decision online is you bringing it up to mock me. The consequences of a bad decision on leverage is financial collapse. I'm not crazy, I have an investment philosophy.
If by retail traders you mean ordinary people, they likely have very little effect on the price. Call me crazy, but "the people who earn money doing this have it wrong" seems rather unlikely.
Only thing I agree with you on. But if that's the case, I wonder why things haven't gone south already. In 2020, I didn't buy the dip because I thought that there would be a much worse crash coming with 30% unemployment. Then things just started rising and I got screwed.
I didn't expect you to consider 'consequences' of your actions. You don't seem like the type. I assume that if the Bumble thing goes wrong, you'll claim that women started buying it en masse to destroy you or something, and claim victory because many more women supposedly had their finances ruined for it.
People said the same thing in 2008. In fact, the man who just won a Nobel Prize in Economics said the sub-prime market was fine...and it was...until one day it wasn't. Regardless, even if the market did rebound, it would take out people shorting Big Tech more than anyone else. Junk stock with terrible EPS and a stupid business model will stay down. The only people who seriously invest in Bumble are probably politically aligned with it.
The Strategic Petroleum Reserve. Releases from it have been keeping oil down as much as possible ahead of the mid-terms. Oil rising again will drag inflation up even higher, which will make the Fed even more hawkish. They already suggested that 4.6% will not be enough to finish the job of fighting inflation. You also have the fact that the inflation hasn't gone to ridiculous levels yet. People are just adjusting to the new prices for now. Demand destruction hasn't really occurred, which is the sign of an inflation peak.
The market can stay irrational longer than you can stay solvent. That would be my explanation for that garbage popping back up to $30+.