The Job Market Is Frozen • Hacker News Board

Re: The Job Market Is Frozen

#61

Post by Spooky23 » Fri, Feb 28, 2025, 12:31 PM UTC

lukev wrote: post #15

Spooky23 wrote: post #11

Duh. Between the chaos in Washington and the commercial real estate crisis (30% of properties are underwater) we’re going to see a big crash, probably this year. Tesla and Nvidia are both huge components of the overall market cap and drive alot of the yields in the last year or two. You’re one Elon scandal or Nvidia earnings miss away from a really bad day. Healthcare is the other wildcard. For the last decade, medic…

Just curious, what kind of Elon scandal do you think could move the needle at this point? Anyone capable and willing to observe his behavior has probably already acted on it. What lines are left to cross?

The markets haven’t digested the real state of affairs at the company.

Tesla is worth $30/share. It’s valued based on the Elon cult of personality. That’s already weakening — two years ago my previous post would have been brigaded into oblivion by Elon fans.

He’s the henchman of the most powerful man in earth at the moment, who’s infamous for betraying his henchman. There’s no bottom - literally anything could happen at any time.

Re: The Job Market Is Frozen

#62

Post by dumbledoren » Sat, Mar 01, 2025, 1:46 AM UTC

happymellon wrote: post #60

dumbledoren wrote: post #57

Earlier quoted context omitted.

And by today they are...

IBM is still up on the month, and the 3 month. Apple is still up on the month and the 3 month. Apple may have dropped a bit, and I note that IBM still haven't dropped at all, but Tesla are down 25% on the month and down 15% on the 3 month. Tesla are still performing far worse than anyone else by a wide margin by being below their previous position. Unless by everyone crashing you mean up?

"Still up" means 'holding', and that confirms my argument. And you pulled only 2 stocks out of that many you mentioned at the start. No worries, they will likely take a nose dive in the coming months.

Re: The Job Market Is Frozen

#63

Post by toomuchtodo » Wed, Mar 12, 2025, 8:15 PM UTC

aurareturn wrote: post #59

red-iron-pine wrote: post #53

Earlier quoted context omitted.

nah artificially low rates is how we got here in the first place. it's like a junkie who is dope sick being desperate for more dope. that eases the pain in the short term but doesn't fix the problem -- real adjustments need to happen.

If the goal is to thaw the housing market and job market, then lower interest rates is basically the only lever. If your goal is to not to have a frozen market in the future, then you can do what you said. Depends on what goal you want to achieve.

Lowering interest rates will push house prices up even further and stoke inflation.