What about a literal black swan bird flu being treated w bleach and meth leading to a global shortage of meth causing hysteria leading to nuclear war?Quote:
Originally Posted by summit
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What about a literal black swan bird flu being treated w bleach and meth leading to a global shortage of meth causing hysteria leading to nuclear war?Quote:
Originally Posted by summit
Keep rates right where they are for at least a year. At least.
I'm in that boat^
I, too, like to throw people out of work.
Fellow members
Club “We’ve Got Ours”
I’d like to introduce you to our host
He’s got his,
and I’ve got mine
Meet the decline
This seems likely... I will prepare accordingly:yourock:Quote:
Originally Posted by byates1
Could live with that. These rates are only high in the sense that the previous rates were low.Quote:
Originally Posted by yeahman
Had a stock undergo a 30:1 reverse split and my brokerage account updated the price but not the share count. Thought i was having a REAAAAALLY good day
we in for a real solid correction
every corporation is laying off 3-10% of their workforce nice and slowly
hiring is down
cheap money that was floating everyone is gone
kinda like a reality check you know
Please tell me when it'll happen.Quote:
Originally Posted by fastfred
NakedShorts assured us back in August last year that "the top is in or close."
That's bullish.Quote:
Originally Posted by fastfred
I've read that there is a lot of unreported Unemployment because many exhausted benefits during Covid.
Someone here turned me on to John Hussman's commentary. The bear's case:
https://www.hussmanfunds.com/comment/mc240204/
Layoffs are not a sign of a market correction
Quite the opposite a lot of times. Lay off a bunch of people and the bottom line shoots up, that's why Meta had that crazy jump last week.Quote:
Originally Posted by summit
Corporate Layoffs are good because it's the service sector that needs workers and if there are no corporate jobs those fired workers will migrate to Service Sector. Also, the service sector is now 70% of the economy and much less susceptible to high unemployment like in previous slowdowns in the corporate and union jobs.
I do believe that there is more unreported unemployment than in previous eras, but covid started 4 years ago, and this phenomenon of a hidden work force that is not working and not actively looking for work is thus not very new and does not pose some threat to the economy or the market.Quote:
Originally Posted by 4matic
Prep work. And if the recession/down turn doesn't materialize, just more profits for the C-Suits and more grunt work for the grunts.Quote:
Originally Posted by fastfred
whatQuote:
Originally Posted by summit
a bunch of middle mangment types and people who hit enter all day losing their jobs?
sure the stock market likes that
they all over extended on credit
now they start drawing down their savings running up their credit cards
nothing to see here
go apply for a job that isn't in the trades or service industry and tell me how easy it is to get a job right now
fred you need anybody to solder copper? I'm quite good at it. Or is everyone using PEX and compression fittings now?
Just thinking ahead in case I get laid off.
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PSRHF
that drill gonna hit something next next week or not?
Fidelity says two fucking risky. Buy it someplace else.
Anecdotal: My uncle has been voluntarily out of work for 20+ years now. He is probably mildy autistic but held down decent jobs in silicon valley all through his 20s into 30s, but then just never worked again (not because he can afford it). His daughter (my cousin) was a really normal girl growing up, if a little bit shy, went to a good state school in CA and graduated in 3 years with a degree in CompSci. She hasnt even applied for a job, any job, in the nearly 1 year since her graduation.Quote:
Originally Posted by Danno
So, does your uncle live in your grandparents' basement or what?
He's on his 8th BG3 playthrough.Quote:
Originally Posted by Dantheman