More men are addicted to the 'crack cocaine' of the stock market

Post by jarsin » Wed, Dec 25, 2024, 1:25 AM UTC

CliveBloomers wrote: post #434

jarsin wrote: post #337

Earlier quoted context omitted.

The SPY and QQQ charts zoomed out are starting to look like the biggest parabola of all time in markets. 1999 is just a blip on this monster. Seeing all kinds of warning signs from family members who never traded or got into crypto until just this past 6 months.

> Seeing all kinds of warning signs from family members who never traded or got into crypto until just this past 6 months. That's just jealousy, Those who sit on the sidelines complain the most. Like I said in my previous post if you didn't see it. I see it as that the barrier to entry for making money has never been lower. Right now, it’s one of the best times in history for anyone to start earning, not just the Wal…

Post by recursivecaveat » Wed, Dec 25, 2024, 1:29 AM UTC

patrick451 wrote: post #427

recursivecaveat wrote: post #385

Earlier quoted context omitted.

A year is pretty extreme. If you cut a lump sum into a series of transactions over a couple weeks or even days it is just about the least expensive way to exchange earning potential for reduced volatility. You miss out on like 2 weeks of earnings in exchange for a huge reduction in the chance that you buy in and are immediately down 2% or something.

There's just as much probability that you miss out on a big swing up as there is that you miss a big a drop.

Post by xxpor » Wed, Dec 25, 2024, 1:36 AM UTC

hollerith wrote: post #441

Tade0 wrote: post #440

Earlier quoted context omitted.

It's normal for 13 year olds to have strong opinions on such topics - they have plenty of time to refine them or even change their mind. I would be more worried about those who by this age didn't develop any interest in geopolitics - it affects them all the same but they typically don't understand why and pick whatever source tells a more compelling story.

When I was 13 (in the US in the 1970s) none of my classmates or friends ever expressed any interest in geopolitics or international relations.

Post by jdefr89 » Wed, Dec 25, 2024, 1:38 AM UTC

malux85 wrote: post #26

epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…

One of the justifications that psycopaths and sociopaths use is exactly this - If their victims weren't so stupid, they wouldnt be victims. (Often mixed with the "if I didnt exploit them, someone else would"). Its an excuse to rationalise and try to justify their bad behaviour. NATURAL selection is built to deal with NATURAL problems, and they move and change and evolve at the same speed, natual selection changes at…

Post by jonfromsf » Wed, Dec 25, 2024, 1:38 AM UTC

mancerayder wrote: post #380

joshlemer wrote: post #371

Earlier quoted context omitted.

Well, buying stock in a company because you like their product is precisely the kind of bad stock picking strategy I'm talking about. The quality of a company's product is public information, so you should expect it to be priced in. Whether or not to pick any individual stock should be made on the basis of whether that stock is over-valued or under-valued in the market, not if it's a good company overall. Amazing com…

>Amazing companies can be highly overvalued, and crap companies doing garbage work can be undervalued. I'm sorry, but how does value matter? I'm not being flippant - the Mag 7 are not 'value' companies. Are Nvidia, Apple, etc., overvalued? And so we should avoid them or short them? Is Tesla 'priced-in'? There's all sorts of psychology in the market. What does 'priced-in' even mean? What wouldn't be priced in. "Water…