That's weird. I was assured that the adults are in charge now.
Adults are just children with more money.
Wall Street sell-off turns 'ugly' as US recession fears grow
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Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#22S&P 500 is barely down (~9% as of this post) after returning 23% and 24% respectively in 2023 and 2024. I wouldn't call it ugly, as someone who lived through recession.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#23That's weird. I was assured that the adults are in charge now.
> the adults are in charge now.
The adulterers maybe.
They're acting like a bunch of kids smashing up the toys so nobody else can play.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#24Hopefully this isn't a biased take: I think this is a unique situation because the recent moves (in my opinion) are largely a result of everyone's uncertainty around America's policies. In other words, the recent stock moves aren't because we're seeing a bunch of companies fail to miss quarterly targets. There are no major economic indicators flashing red. If stocks can drop that fast in a couple weeks, they can also…
> There are no major economic indicators flashing red. High levels of corporate monopolization, high levels of stock buybacks, and low to no wage growth. They've been flashing for so long people don't even recognize them anymore.
Wage growth for lower income percentiles has actually been quite good in recent years IIRC.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#25"Sadly" I don't really have much cash on the sidelines to buy more equities as prices dip as I generally don't try to time to market / buy the dip: * https://ofdollarsanddata.com/even-god-couldnt-beat-dollar-co... I'm not generally 100% equities, often 80/20, so things will be rebalancing on their own at least at least: * https://canadiancouchpotato.com/model-portfolios/ * https://www.finiki.org/wiki/Asset_allocation…
> [...] buying low now would be nice. Just to be clear, the point of the linked article is that you cannot know that now is the LOW and not the new high.
That's the premise yeah, but it makes sense to buy more on red days
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#26Hopefully this isn't a biased take: I think this is a unique situation because the recent moves (in my opinion) are largely a result of everyone's uncertainty around America's policies. In other words, the recent stock moves aren't because we're seeing a bunch of companies fail to miss quarterly targets. There are no major economic indicators flashing red. If stocks can drop that fast in a couple weeks, they can also…
just cutting government spending would automatically put the US into recession, deficit spending is the only thing that has kept things going. Huge amount of job growth is either direct government hiring or indirect through businesses hiring off revenue from government contracts
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#27To be fair I think this is long overdue. The fundamentals do not support the price of many stocks. Recently Tesla had more market cap than Toyota and many other established brands combined. No way in hell that is believable.
Tesla is way better positioned than Toyota in likely upcoming EV world, so capitalization is result of future expectations.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#28Hopefully this isn't a biased take: I think this is a unique situation because the recent moves (in my opinion) are largely a result of everyone's uncertainty around America's policies. In other words, the recent stock moves aren't because we're seeing a bunch of companies fail to miss quarterly targets. There are no major economic indicators flashing red. If stocks can drop that fast in a couple weeks, they can also…
Hah, do you think Trump can admit he messed up and change course?
How did he mess up? His goal is to screw up the real economy and sell $Melania coins.
Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#29Re: Wall Street sell-off turns 'ugly' as US recession fears grow
#30Hopefully this isn't a biased take: I think this is a unique situation because the recent moves (in my opinion) are largely a result of everyone's uncertainty around America's policies. In other words, the recent stock moves aren't because we're seeing a bunch of companies fail to miss quarterly targets. There are no major economic indicators flashing red. If stocks can drop that fast in a couple weeks, they can also…
Hah, do you think Trump can admit he messed up and change course?
He actually sort of has? In a way.
When he failed to "repeal and replace" the Affordable Care Act on "day 1", he goes on the stage a month later and says "Nobody knew that healthcare could be so complicated" [1]. I found this immensely funny, because pretty much every human other than Donald Trump knew that healthcare policy was really complicated, and many people tried telling him this.
I'm hoping he goes on stage soon enough and says "no one knew how volatile tariffs could make the economy" or something. Though "volatile" might be too big of a word for him.
[1] https://thehill.com/policy/healthcare/321318-trump-nobody-kn...