it is very cool to have everyones retirement dependent entirely upon a speculative system instead of guaranteed pensions. very cool.
:biden-troll: actually, jack. They deserve to lose all their retirement savings because they shouldn’t be depending on handouts from the Invisible Hand of the Free Market (PBUH). If they kept working without retirement, they would have a steady income.
I would give up every single stock I had if it meant I could secure a comfortable living for the rest of my life.
I sometimes imagine the genuinely useful jobs I could be doing if our economy didn’t force me to LERN2CODE
What, are you implying that building entire startups around apps that tells you to drink water while collecting your personal information aren't exactly useful?
It’s genius. Constant passive inflows from every pay check into a selection of like 20 mutual funds that provide no means of hedging the current market conditions. Institutional investors are shorting the fuck out of the market, and have been since last year…meanwhile retail keeps on buying
Institutional investors are shorting the fuck out of the market, and have been since last year
since when?
Thanks for sharing that chart, cool to see. I admit I am prone to hyperbole, but it does seem to be accelerating this year - this is from March:
Evidence comes in a report by Goldman Sachs Group Inc.’s prime brokerage, which found that over three days, hedge-fund clients unwound risk at the fastest rate in three months in cumulative dollar terms. At the same time, flows tracked by JPMorgan Chase & Co. showed retail traders bought $4.1 billion in the week through Tuesday, with money sent to S&P 500-linked ETFs more than 2 standard deviations above the 12-month average.
…
Amid heightened macroeconomic uncertainty, trepidation is building among pros. Hedge funds, which cut their equity exposure to the lowest level in almost two years in February, kept trimming into the new month. On Wednesday, when the S&P 500 rallied almost 2%, clients tracked by Goldman Sachs cut long positions and covered shorts.
Tangentially related, but insider buying dropped off a cliff in October last year.
I still hear people I work with talking about buying the dip in this environment. It’s crazy to me.
I hold a boring Bogleheads style allocation for my small IRA, and I am finding it very very difficult not to move it to cash, despite all of the theory behind not doing that.
Thanks comrade! If you have a link to that report I’d be super interested to read it.
I spoke with an advisor at Vanguard yesterday, and it was an interesting conversation. They don’t see interest rates or inflation coming down anywhere near the last 20 years in the foreseeable future. As such, they’re now advising people that the 4% rule for retirement (and hence calculating the size of a required nest egg) is changed, and they now recommend a withdrawal rate of 2.9%, which is a huge jump that I’ve not seen talked about elsewhere. They did a good job of talking me down from cashing out, which I still don’t know if is a good thing or not lol. I spend too much time looking at bearish fintwitter and the catastrophising there is pretty :doomer:
Definitely working on gradually rotating my emergency funds into Series I bonds, good shout. One can’t help but feel I’m going to need them in the next 12-24 months….
Institutional investors are shorting the fuck out of the market, and have been since last year
Eh. I remember the mad rush to short Tesla for the better part of a decade. It consistently ended in tears.
This is a small sell-off relative to the last five years of gains. And if there's been a wave of shorts pushing down on the price, you'd never know it by the P/E ratios still well north of 20, particularly in the tech sector.
If anything, the problem has been how absurdly bullish the market's been, with no corresponding uptick in consumption or improvement in quality of life. Just America's fifty richest guys selling each other Apes at increasingly inflated prices, even above and beyond the historically speculative yield, until the Fed ratchets down the money printer by a degree and Apes aren't selling for 1000x their face value anymore.
Realistically it’s the son sitting there because Robinhood makes it easy and addictive to drop $90k borrowed from the bank on a bazinga stock
I blame the bank for that situation.
Someone applying for 90K to gamble should have been denied a loan and to be honest I don't even hold that person a little bit responsible that their obviously dumbass plan wasn't questioned or denied by the bank which should be responsible for lending money in such a way they get it back
Wouldn't it be great where if a bank made a bad loan a judge would take out a comedically large stamp and stamp "doofus" on their face and you can just shrug because they're the ones who took the risk?
:sicko-speeeeen:
IT BEGAN
IT IS STARTING TO HAPPEN
IT'S HAPPENINGSo hexfriends, do we think that Biden is going to choose a narrative of a market crash caused by interest rate hikes, or accelerating inflation going into the midterms? :biden-troll:
he's going to blame the avocado toast
there is an argument to be made that america is broke because they spend all the money on dumbass wars but no one will make it
I bought avacado's for breakfast and they were five fucking dollars. a piece. I guess no more avacados for maybe ever. Meanwhile Australia is dumping them by the ton to keep prices up /steinbeck quote.
I could be wrong but I've always figured the reason we spend so much money is because keeping the world in check is what keeps us as the top superpower and thus why everyone trades for oil in dollars and thus why it's profitable. Like a simple spend money to make money situation but with more money laundering and pallets of cash that go unaccounted for.
A big part of it is also that the US is ludicrously corrupt and arms companies lobby. America buys tanks that end up being stored in fields and never used plus if the world police thing was the whole story then the fact that America has fucked up every military operation since ww2 would actually matter
I love how they act like the stimulus money wasn't immediately recouped by the rentier class the second those checks went out the door.
Those stimulus checks were the biggest handouts to Amazon, Uber eats and landlords, and they have the nerve to blame poor people finally getting a leg up for what, a month?
I know y'all love when line go down but it's worth noting the stock market is still way, way up from where it was at in 2019.
It's insane to see people talk about a "Bitcoin Crash" when the damned things still sell for more than the price of a new car.
So you sold everything after seeing headlines about a crash? I mean, good luck to you, but isn't that exactly the opposite of what you're supposed to do? By the time you're seeing headlines about it it's by definition too late to beat the market, right?
I mean, good luck to you, but isn’t that exactly the opposite of what you’re supposed to do?
If you're into the Meme Stocks, its probably not a bad time to take-gains/cut-losses. If you're holding some Blue Chip like Microsoft or Toyota or Exxon or Berkshire Hathway, this is a reckless move that'll cost you in the long run.
In theory, you want a portfolio across sectors, with your money spread roughly evenly across the major industries. Then every three to six months, as prices change, you sell your winners and buy your losers. And so long as the overall economy grows at a steady rate, your portfolio follows.
Anything else is just gambling.
I wanna know why I can’t access my health savings account. Feels like a scam
