https://pbs.twimg.com/media/E0jQcSpWYAMsb9o?format=jpg&name=largeBitHer wrote:
Maybe add Dogecoin?😬
https://pbs.twimg.com/media/E0jQcSpWYAMsb9o?format=jpg&name=largeBitHer wrote:
Maybe add Dogecoin?😬
^ Fact ^
seattle prattle wrote:
Ghost of Igloi wrote:
Both you and Racket spoke of capitalist efficiency. My retort was that is a joke with the Fed distorting markets. Crypto and wealth inequality are the result. If one can’t see that, I have nothing to add.
Okay, let's talk.
You know why crap like crypto caught on? Here's why.
Because it used to be that labor was treated for the valuable resource it is. Companies tried to build employee loyalty with things like a decent living wage, and not to mention real world considerations like health care, retirement plans, pensions, and other necessities that a responsible person could use to safeguard themselves and their families.
Then labor took a hit for several decades, union representation eroded, and labor lost ground. Pensions became a thing of the past, retirement plans became a diy enterprise, and wealth inequality exploded. The middle class shrank.
So, with things like 401K becoming the go-it-alone norm, people got more and more comfortable with chasing ever higher returns. Hence, speculation.
But frankly, crypto is a distraction. It is not a market driving force and more of an anomaly.
FWIW, if you want to talk about the real f'g things that shape standard of living, look at what Biden is trying to improve. And by that I mean access to education, raising the minimum wage, access to affordable health care, etc.
You are no where as intelligent as you seem to think. You are not intelligent enough to realize this. Post away.
Racket, PhD wrote:
Ghost of Igloi wrote:
“This labor shortage is being created in large part by the supplemental unemployment payments that the federal government provides claimants on top of their state unemployment benefits. In many instances, these payments are greater than the worker’s previous pay checks. What was intended to be a short-term financial assistance for the vulnerable and displaced during the height of the pandemic has turned into a dangerous federal entitlement, incentivizing and paying workers to stay at home rather than encouraging them to return to the workplace.”
—Governor South Carolina, commenting on something I identified weeks ago.....
You know what capitalism is all about? It's about finding a way to fvcking win no matter what.
If your business sh!ts the bed because you can't pay slave labor wages anymore than your business deserves to get blown out. That's capitalistic efficiency at work and it's what makes the world go around.
Pay your workers more, and if you can't then gtfo and quit drinking at the well.
Ha ha ha. Says a guy that has benefited off of the backs of those same low income peoples. GTFO
Jeebers:
Cryptocurrencies as of May 7 were worth $2.4 trillion, according to CoinDesk, an information service, more than all U.S. dollars in circulation.
(WSJ)
The Russians brazenly try to undermine the totally legitimate crypto currency “investment” with this Zerohedge piece.
https://www.zerohedge.com/markets/dogecoin-demolished-after-musks-snl-snafu
all time high DJIA
seems that this building inflation is tossing things around. Not unprecedented but to have value stocks up a percent and tech down a percent on the same day is weird.
Ghost of Igloi wrote:
The Russians brazenly try to undermine the totally legitimate crypto currency “investment” with this Zerohedge piece.
https://www.zerohedge.com/markets/dogecoin-demolished-after-musks-snl-snafu
Wow, someone’s triggered.
One of the biggest questions in the markets...
Will the ARKK/growth/tech stocks come back soon?
Or are we in a new era of value investing?
https://twitter.com/charliebilello/status/1391832199134162950?s=20
Utterly remarkable how the giant names in the Sp500 have stalled out.
1 Year total return
Regular SP500: +49
Equal Weighted SP500: +65
Year to date total return
Regular SP500 +13
Equal Weighted SP500 +19
I wouldn't have guessed that the market would do so well with its former leadership lagging so much.
Record SP500 earnings
and GDP growth predicted to be strongest since the 1950s for both 2021 and 2022 so earnings are likely to keep climbing.
That's how the market works. It overlooked the earnings drought from COVID and saw this coming. The very high valuations will come down now as earnings skyrocket. In any case, obviously, high valuations did not slow the market from climbing. up 12% year to date.
https://twitter.com/charliebilello/status/1391738671041286147?s=20
Keep handing out money and more QE and it will increase even further. In the meantime....
The Ark is taking on water, a Biblical deluge...
Perhaps a good time to load up on Doge coin.....
agip wrote:
Record SP500 earnings
and GDP growth predicted to be strongest since the 1950s for both 2021 and 2022 so earnings are likely to keep climbing.
That's how the market works. It overlooked the earnings drought from COVID and saw this coming. The very high valuations will come down now as earnings skyrocket. In any case, obviously, high valuations did not slow the market from climbing. up 12% year to date.
https://twitter.com/charliebilello/status/1391738671041286147?s=20
But Igy said there was no V-shaped recovery.
He lied. Again.
https://youtu.be/_EPsuOEH1fYagip wrote:
One of the biggest questions in the markets...
Will the ARKK/growth/tech stocks come back soon?
Or are we in a new era of value investing?
https://twitter.com/charliebilello/status/1391832199134162950?s=20
Gruntz wrote:
He lied. Again.
Hey Squid, you forgot, the market is forward looking.
🦑
https://twitter.com/zerohedge/status/1391816908836585473?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1391816908836585473%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fark-funds-sold-304-their-apple-shares-bought-more-their-own-etfs-mondayIrony Mann wrote:
Ghost of Igloi wrote:
It is perhaps a breach of fiduciary duties.
Oh, the irony!
🦑
Seven of eight indexes on our world watch list posted gains through May 10, 2021. The top performer is France's CAC 40 with a gain of 15.03%, our own S&P 500 is in second is with a gain of 11.51% and Germany's DAXK is in third with a gain of 10.31%. Coming in last is China's Shanghai with a loss of 1.30%.