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2645 clicks; posted to Business » on 18 Jan 2022 at 9:54 AM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



48 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-01-18 9:57:02 AM  
But what is it per capita?
 
2022-01-18 9:58:26 AM  
Tree fiddy?
 
2022-01-18 10:00:34 AM  
When the crash does happen... just remember... they are going to blame it all on people asking for and getting raises. Not the people who wildly overinflated every equity, crypto, and other asset under the sun.
 
2022-01-18 10:01:54 AM  
And nothing of value was lost.
 
2022-01-18 10:02:29 AM  
Elsewhere, Microsoft dipped 2.5% after announcing the software giant will buy video game company Activision Blizzard in an all-cash transaction valued at $68.7 billion. Shares of Activision Blizzard surged 30%.


That...might actually work out well, considering they've done right by Minecraft (ymmv, though).

/downside:  World of Minecraft
 
2022-01-18 10:12:25 AM  

xanadian: Elsewhere, Microsoft dipped 2.5% after announcing the software giant will buy video game company Activision Blizzard in an all-cash transaction valued at $68.7 billion. Shares of Activision Blizzard surged 30%.

That...might actually work out well, considering they've done right by Minecraft (ymmv, though).

/downside:  World of Minecraft


MS does well when they buy studios because they mostly just let them do their thing. Activision needs a parent at this point, they are a tire fire and close to losing all the respect they ever had as developers.
 
2022-01-18 10:33:54 AM  
Looks like it's going down because there's a rate increase coming to counter all this inflation. Good. Worth it, even.

And I say this as someone who owns stocks.
 
2022-01-18 10:40:45 AM  
No, when there's "blood in the streets" you look for bargains to buy.

I'm not a guru by any means but you look for things that hit lows and, if you *think* they'll survive, you buy some stock. Don't spend more money than you can afford to lose... you still might lose it all if the company goes bankrupt.
 
2022-01-18 10:42:37 AM  

xanadian: Elsewhere, Microsoft dipped 2.5% after announcing the software giant will buy video game company Activision Blizzard in an all-cash transaction valued at $68.7 billion. Shares of Activision Blizzard surged 30%.


That...might actually work out well, considering they've done right by Minecraft (ymmv, though).

/downside:  World of Minecraft


More like bnet or origin
 
2022-01-18 10:44:04 AM  
The fed's main job is to counter inflation. It does this by increasing interest rates. This is a good thing, folks.
 
2022-01-18 10:46:32 AM  
Down 1.5% today, back up the same tomorrow.
 
2022-01-18 10:47:53 AM  
This has been happening for 2-3 weeks now or so.  Not every day, but frequently.  Normal ups and downs, just amplified because... well... **all the things**.
 
2022-01-18 10:48:45 AM  

Nick Nostril: Down 1.5% today, back up the same tomorrow.


Quite a bit more ground to make up than that, but it has been making it up fairly quickly after these events.
 
2022-01-18 10:51:20 AM  

downstairs: This has been happening for 2-3 weeks now or so.  Not every day, but frequently.  Normal ups and downs, just amplified because... well... **all the things**.


Is it shaking out lower end investors?
 
2022-01-18 10:59:28 AM  
Not worried.  But I wish this had happened 3 or 4 weeks ago.
 
2022-01-18 11:03:38 AM  

Nadie_AZ: downstairs: This has been happening for 2-3 weeks now or so.  Not every day, but frequently.  Normal ups and downs, just amplified because... well... **all the things**.

Is it shaking out lower end investors?


I don't know, I don't day trade.  I just check how things are doing for my very long term investments.
 
2022-01-18 11:12:38 AM  
Whenever Fark has an article about the price of Bitcoin falling, it's interpreted by some as time to buy more Bitcoin.

This article is about the Dow Jones falling.

Therefore it's time to buy more Bitcoin.
 
2022-01-18 11:14:08 AM  

xanadian: Elsewhere, Microsoft dipped 2.5% after announcing the software giant will buy video game company Activision Blizzard in an all-cash transaction valued at $68.7 billion. Shares of Activision Blizzard surged 30%.


That...might actually work out well, considering they've done right by Minecraft (ymmv, though).

/downside:  World of Minecraft


people sold Microsoft to buy Activision
 
2022-01-18 11:17:13 AM  
Headline in one week: Dow hits new high.
 
2022-01-18 11:21:12 AM  

Nick Nostril: Down 1.5% today, back up the same tomorrow.


Because when everyone is done selling they start buying it all back.
 
2022-01-18 11:27:09 AM  
The movie was about commodities trading, not stocks.

Sorry, had to.
 
2022-01-18 11:28:44 AM  

inglixthemad: No, when there's "blood in the streets" you look for bargains to buy.

I'm not a guru by any means but you look for things that hit lows and, if you *think* they'll survive, you buy some stock. Don't spend more money than you can afford to lose... you still might lose it all if the company goes bankrupt.


images.squarespace-cdn.comView Full Size
 
2022-01-18 11:35:30 AM  
Yay.

Fark user imageView Full Size
 
2022-01-18 11:37:56 AM  

NewportBarGuy: When the crash does happen... just remember... they are going to blame it all on people asking for and getting raises. Not the people who wildly overinflated every equity, crypto, and other asset under the sun.


Which in a way is accurate.

The stock market is not the economy, it is the wealth of people who own stocks.

The wealth prospects of people working shifts isn't just detached from a stock price going up, it's inverted by it. The stock is going up because the company is making more money, which normally means their costs (salaries) are being tightly controlled.
 
2022-01-18 11:40:09 AM  

Target Builder: NewportBarGuy: When the crash does happen... just remember... they are going to blame it all on people asking for and getting raises. Not the people who wildly overinflated every equity, crypto, and other asset under the sun.

Which in a way is accurate.

The stock market is not the economy, it is the wealth of people who own stocks.

The wealth prospects of people working shifts isn't just detached from a stock price going up, it's inverted by it. The stock is going up because the company is making more money, which normally means their costs (salaries) are being tightly controlled.


If you think this particular stock market is operating on those fundamentals right now, I really need to smoke some of the crack you have in your possession.
 
2022-01-18 11:46:28 AM  
I feel like a putz. I had money set aside to buy ATVI last week and didn't pull the trigger 😭
 
2022-01-18 11:46:34 AM  
On the plus side, nice to read about Goldman taking it in the nuts.
 
2022-01-18 11:48:11 AM  

NewportBarGuy: Target Builder: NewportBarGuy: When the crash does happen... just remember... they are going to blame it all on people asking for and getting raises. Not the people who wildly overinflated every equity, crypto, and other asset under the sun.

Which in a way is accurate.

The stock market is not the economy, it is the wealth of people who own stocks.

The wealth prospects of people working shifts isn't just detached from a stock price going up, it's inverted by it. The stock is going up because the company is making more money, which normally means their costs (salaries) are being tightly controlled.

If you think this particular stock market is operating on those fundamentals right now, I really need to smoke some of the crack you have in your possession.


It absolutely is. Things just feel weird because WE PRINTED $14.5T IN THE LAST TWO YEARS

The market is actually rewarding cash flow at the moment, so he's right.
 
2022-01-18 11:50:03 AM  

Likwit: NewportBarGuy: Target Builder: NewportBarGuy: When the crash does happen... just remember... they are going to blame it all on people asking for and getting raises. Not the people who wildly overinflated every equity, crypto, and other asset under the sun.

Which in a way is accurate.

The stock market is not the economy, it is the wealth of people who own stocks.

The wealth prospects of people working shifts isn't just detached from a stock price going up, it's inverted by it. The stock is going up because the company is making more money, which normally means their costs (salaries) are being tightly controlled.

If you think this particular stock market is operating on those fundamentals right now, I really need to smoke some of the crack you have in your possession.

It absolutely is. Things just feel weird because WE PRINTED $14.5T IN THE LAST TWO YEARS

The market is actually rewarding cash flow at the moment, so he's right.


Like, right now as in the sell off?

Then I 100% agree.
 
2022-01-18 11:51:07 AM  

NewportBarGuy: Likwit: NewportBarGuy: Target Builder: NewportBarGuy: When the crash does happen... just remember... they are going to blame it all on people asking for and getting raises. Not the people who wildly overinflated every equity, crypto, and other asset under the sun.

Which in a way is accurate.

The stock market is not the economy, it is the wealth of people who own stocks.

The wealth prospects of people working shifts isn't just detached from a stock price going up, it's inverted by it. The stock is going up because the company is making more money, which normally means their costs (salaries) are being tightly controlled.

If you think this particular stock market is operating on those fundamentals right now, I really need to smoke some of the crack you have in your possession.

It absolutely is. Things just feel weird because WE PRINTED $14.5T IN THE LAST TWO YEARS

The market is actually rewarding cash flow at the moment, so he's right.

Like, right now as in the sell off?

Then I 100% agree.


Lol. Sell off. K.
 
2022-01-18 1:21:15 PM  
Interesting. Just happened to squirrel away some dough in treasury series i savings bonds at an interest rate of 7.12%.

https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
 
2022-01-18 2:16:10 PM  

hammettman: On the plus side, nice to read about Goldman taking it in the nuts.


I guess you didn't bother to read the article completely.

Their earnings didn't meet predictions because they are paying their employees more. Not bigger bonuses - bigger wages.
 
2022-01-18 2:21:21 PM  
Did I fall into a time machine and go back to the 2000s? 500 points is nothing these days when the DJI is 35,000.
 
2022-01-18 3:05:07 PM  
Time for the fed to print more money and buy!
 
2022-01-18 3:15:59 PM  
So what you're saying is now is a good time to buy...
 
2022-01-18 3:20:38 PM  

AmbassadorBooze: Time for the fed to print more money and buy!


The first thing they'll need to do is print enough money so that they can afford to buy the money printers from the Treasury.  After that, the sky is the limit!
 
2022-01-18 4:42:55 PM  

Ivo Shandor: Whenever Fark has an article about the price of Bitcoin falling, it's interpreted by some as time to buy more Bitcoin.
This article is about the Dow Jones falling.
Therefore it's time to buy more Bitcoin.


Fark user imageView Full Size
 
2022-01-18 4:47:14 PM  

Chompachangas: Interesting. Just happened to squirrel away some dough in treasury series i savings bonds at an interest rate of 7.12%.
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm


Whoa, when did this happen?
 
2022-01-18 5:09:01 PM  

cryinoutloud: Chompachangas: Interesting. Just happened to squirrel away some dough in treasury series i savings bonds at an interest rate of 7.12%.
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

Whoa, when did this happen?


Pretty recently. That series of bonds is tied to inflation, so it's high because inflation is high. IIRC, the interest rate is subject to change at the 6 month mark, and you must hold it for at least 1 year.
 
2022-01-18 5:29:30 PM  

hammettman: On the plus side, nice to read about Goldman taking it in the nuts.



Goldman's Sack
 
2022-01-18 5:33:44 PM  
There's a market in the stock market largely based on insider trading and misinformation??

could have fooled me.

people biatch about how volatile Cryptos/Blockchains are, but that is because they run on an actual Free Market, not a Pretend Free Market.

and with Time, cryptos too will smooth out as the network effect gets established and usage goes up thru the roof around the world.  will be in the Billions of users within 5 years.

Have a nice day!
 
2022-01-18 5:46:38 PM  

cryinoutloud: Ivo Shandor: Whenever Fark has an article about the price of Bitcoin falling, it's interpreted by some as time to buy more Bitcoin.
This article is about the Dow Jones falling.
Therefore it's time to buy more Bitcoin.

[Fark user image image 185x185]


Add a bowler hat, some Yorkshire tea, and boom, Britcoin!  It'll upend local economies across the globe!
 
2022-01-18 6:09:05 PM  

Chompachangas: Interesting. Just happened to squirrel away some dough in treasury series i savings bonds at an interest rate of 7.12%.

https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm


Yep, bought one of these back in May 2020. Will probably buy one more this year and just sit on them both for 5 years.

/Not sexy but safe and (for now) pretty sweet return.
 
2022-01-18 6:25:11 PM  
Call me when any of this helps the working class.

/what's a "retirement"?
 
2022-01-18 7:39:01 PM  

Slayinit: Chompachangas: Interesting. Just happened to squirrel away some dough in treasury series i savings bonds at an interest rate of 7.12%.

https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

Yep, bought one of these back in May 2020. Will probably buy one more this year and just sit on them both for 5 years.

/Not sexy but safe and (for now) pretty sweet return.


Some SPY, those inflation adjusted treasuries, and some USDC in a BlockFi account would make for a killer beginner portfolio right now.
 
2022-01-18 9:57:27 PM  

madgonad: hammettman: On the plus side, nice to read about Goldman taking it in the nuts.

I guess you didn't bother to read the article completely.

Their earnings didn't meet predictions because they are paying their employees more. Not bigger bonuses - bigger wages.


Yeah, and I even read the fine print:

The average employee pay figure distorts the reality at Goldman, where top producers are paid multi-million dollar packages while most staffers earn considerably less.

[not bigger bonuses?]

That made the average per-employee compensation reach about $404,000 in 2021, up from $329,000 in 2020.

I know, tough to be an average Goldman employee, only making $404k.

So, will you be blaming their top producers, those making the 7, 8 digit coin, for their failure to make it as a company?
 
2022-01-19 12:43:24 AM  

hammettman: So, will you be blaming their top producers, those making the 7, 8 digit coin, for their failure to make it as a company?


The company is doing fine. Investors just thought they were entitled to more. I am actually kind of pleased that Goldman made the decision to secure their employees during this time of frequent job hopping. I suspect this will spread. I'll get back to you next month when I ask my boss for a 15% raise. (I'll settle for 10%)
 
2022-01-19 10:10:58 AM  
This is all because everyone knows Microsoft buying Activision-Blizzard means the end of all humanity
 
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