so you say, atop your own throne of massively-consuming industrial excess.
this is really just the height of cynicism. not a particularly sophisticated sort either, sorry.Dilbert_X wrote:
Well once again, it is the people who use a product when they have a choice not to who are really to blame
Also I get the schadenfreude of seeing truck bros crying when the price goes up, its win win.
same arguments made by murderous arms dealers, chemists concocting death serums and poison gas, and, incidentally, the australian government signing up to climate agreements while speaking out the other side of their mouth to massively expand exports to china.
People choose to burn fuel when they don't need to, and in vast amounts.
If people choose to self-regulate, or the govt chooses to regulate them then great.
Owning shares is less bad than, say, taking multiple leisure flights every year for no useful reason.
If people choose to self-regulate, or the govt chooses to regulate them then great.
Owning shares is less bad than, say, taking multiple leisure flights every year for no useful reason.
Fuck Israel
OK so I've made 25% in three months on a tranche of Woodside, thats an annualised return of 100%.
Should I sell now or hope for another war in the ME?
I'm concerned also that the Ukraine war might stop and that would bring Russian oil back onto the market.
Oil still seems a bit depressed compared with historical prices but peace could break out any moment.
Thoughts?
Should I sell now or hope for another war in the ME?
I'm concerned also that the Ukraine war might stop and that would bring Russian oil back onto the market.
Oil still seems a bit depressed compared with historical prices but peace could break out any moment.
Thoughts?
Fuck Israel
- SuperJail Warden
- Gone Forever
- +665|4199
Make sure to donate some profits to a antisemitic charity
get a girlfriend.
I donate regularly to UNICEF and Save the Children - you can't get much more anti-semitic than those two.SuperJail Warden wrote:
Make sure to donate some profits to a antisemitic charity
Fuck Israel
Thanks for all the input, I peeled off a bit at an annualised 109%.
Go me.
Go me.
Fuck Israel
- SuperJail Warden
- Gone Forever
- +665|4199
National Review occasionally has a hit.
News from Bloomberg seems to be "Tariffs kicked in this week, everything is going great so far!" and the stock market is booming.
Meanwhile actual businesses are closing.
I think I must be up over 5% in a few weeks, will ride this and continue peeling off here and there.
Meanwhile actual businesses are closing.
I think I must be up over 5% in a few weeks, will ride this and continue peeling off here and there.
Fuck Israel
isn't it the case that a bunch of hyper-overvalued companies are 'booming' and the, like, rest of the S&P 475 are actually doing rather lethargically?
every time in history you see this gigantic disconnect between the gilded age oligarchs reaping stock rewards and the life on main street, you know some almighty Correction is in order.
every time in history you see this gigantic disconnect between the gilded age oligarchs reaping stock rewards and the life on main street, you know some almighty Correction is in order.
Last edited by uziq (2025-08-12 03:17:05)
Aus stock market is fundamentally different, based more on actual financials and realistic future value, but tends to follow the US in ups and downs.
If the US is doing well chances are they will need iron, coal, wheat etc.
US stock prices do seem to be based more on hype and hypothetical future value in some neverland tomorrow.
Don't forget that for a stock to go up real people do have be buying it at that price, and a lot of these people are buying largely based on FOMO.
"Its going up, I want a piece of that, time to buy!" - this will run out of steam eventually.
Numerous low-profit or loss-making companies are trading on insane multiples.
This all collpases on a cycle, plus we have bitcoin - the greatest confidence trick/ponzi scheme in history, and now the AI bubble with extreme IPOs and share-rockets.
You can do the maths to evaluate the valuations - are dozens of AI companies really worth hundreds of billions each when no-one really knows what to do with AI or how to monetise it?
Probably everyone on earth would need to be willing to pay $1000/mth for a slightly better google search experience to justify the supposed worth, not forgetting the power consumed.
There's a big crash coming, and an aside is the gold price is rocketing, its not a coincidence, I'm guessing the bitcoin people aren't stupid and are buying something tangible with all the money taken from suckers.
If the US is doing well chances are they will need iron, coal, wheat etc.
US stock prices do seem to be based more on hype and hypothetical future value in some neverland tomorrow.
Don't forget that for a stock to go up real people do have be buying it at that price, and a lot of these people are buying largely based on FOMO.
"Its going up, I want a piece of that, time to buy!" - this will run out of steam eventually.
Numerous low-profit or loss-making companies are trading on insane multiples.
This all collpases on a cycle, plus we have bitcoin - the greatest confidence trick/ponzi scheme in history, and now the AI bubble with extreme IPOs and share-rockets.
You can do the maths to evaluate the valuations - are dozens of AI companies really worth hundreds of billions each when no-one really knows what to do with AI or how to monetise it?
Probably everyone on earth would need to be willing to pay $1000/mth for a slightly better google search experience to justify the supposed worth, not forgetting the power consumed.
There's a big crash coming, and an aside is the gold price is rocketing, its not a coincidence, I'm guessing the bitcoin people aren't stupid and are buying something tangible with all the money taken from suckers.
Fuck Israel
- SuperJail Warden
- Gone Forever
- +665|4199
IIRC like only a few tech stocks are seeing any growth and earnings seem to be unaffected by tariffs for them. The other 490ish of the SP isn't doing great.uziq wrote:
isn't it the case that a bunch of hyper-overvalued companies are 'booming' and the, like, rest of the S&P 475 are actually doing rather lethargically?
every time in history you see this gigantic disconnect between the gilded age oligarchs reaping stock rewards and the life on main street, you know some almighty Correction is in order.
I agree with Dilbert. I think we are headed for a economic crisis. Not like that 2022 inflation recession but a genuine 2008 Let's Fucking Go one.
The global financial crisis kicked off in September.
I think something with the debt will be the trigger. Another credit rating downgrade combined with firing the fed chair.A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries.
...
One of the reasons why the stock market in the U.S. is so disconnected from economic reality is that you have millions of people who get money auto deducted from their payments for their IRA or 401Ks. You have millennials reaching their career stride with nowhere to put money except stocks. Houses and kids are too expensive. The money that would have been used to raise families instead goes into stocks.
Really the US stock market has always been some kind of circus/casino whose function is to separate suckers from their cash.
Fuck Israel
Dilbert_X wrote:
There's a big crash coming, and an aside is the gold price is rocketing, its not a coincidence, I'm guessing the bitcoin people aren't stupid and are buying something tangible with all the money taken from suckers.
Funny that.
Fuck Israel