An absurd amount of wealth had been transferred from those who have least to those who have most?
1 week ago | 9
And Wall St banksters, private equity, and hedgefunds are about to get a $10 trillion bailout soon before the Depression hits next year!
1 week ago | 7
This isn't just coming from the wealthy (though most of it is). Middle class Americans have an excessive amount of their retirement invested in these mega tech stocks, and some don't even know it. For example, if you're invested in index funds/ETFs like the S&P 500, 70% of your money is in the AI bubble and you didn't even know it. Recent data shows that about HALF of people are set up this way. The wealthy are backpacking high risk investments, and millions of Americans are just along for the ride. And when the risk doesn't pay off, they lose millions of their billions, and you lose years of hard work.
1 week ago | 5
It’s literally was 55 now 60, that’s less then 10% … to take in a low point in April -20 as starting point makes no sense
1 week ago | 2
And yet all those investers who are so gleeful now ought to know the ONE rule of stock market investing NEVER known to fail is "Everything that goes up must come down." Todays darlings won't even be rememberd by the time the next generation takes over. Silly isn't it?
1 week ago | 1
Call me when the S and P has had two circuit breaker days in a row. 14-30% straight down, correlated selling. Anything else and the market just yawns and marches back up the next day
3 days ago | 0
ox talks
I WILL LET THIS SPEAK FOR ITSELF
1 week ago (edited) | [YT] | 66