How is it that the stock market is in a slump yet consumer price inflation is steadily increasing?
All of this while wages are stagnant, in the US at least.
How is it that the stock market is in a slump yet consumer price inflation is steadily increasing?
All of this while wages are stagnant, in the US at least.
I’ve honestly stopped trying to make sense of it. I’ve been chasing dips, trying to time bottoms, catching falling knives and bouncing cats.
Need to just turn it off and come back in a month.
Though I know i won’t do that
Thought that last feb…still trying to recover
I can’t bear to look at the moment I get one notification that it’s up to wake up to a notification that’s it’s down again
When they panic, we pounce boys!
Red days are good days.
Red months on the other hand are starting to take their toll lol
My portfolio was +60% in April and is now -20% lol
It’s ok I’ve just resigned myself to my fate
Here’s a theory…
There has been much made about the so called “great resignation” where people have opted to voluntarily leave the work force for one reason or another; primarily due to life circumstances during COVID.
Companies have whinged about staffing shortages and made a great deal of noise about how they’re hiring but no one wants to work. The alleged hiring spree some businesses are on maybe a ruse to boost stock price.
I’ve noticed, at least in tech, companies are overly hyping up their valuation to potential investors while internally their revenue is down and stock price is either stagnant or crashing.
In short, they say they’re hiring while not actually hiring just as a way to manipulate stock price. Time will tell I suppose.
We had months of upside, now will be some months of downside - all I can say is I am happy I didn’t jump into RBLX back then.
I sold most of my suff and I am all in Tesla with an average price of 450 dollars. So still a long way to go down for me to feel super sad.
But man, the rest is a slaughterhouse fuck my life. Sold SOFI yesterday, when it went up in 2 days about 25%.
Only have a handful others in red now, just going to see what happens. Probably the only stock I will consider scooping up is TSLA.
Dear God, yikes
Yeah the markets are savage today
Memes are helping me cope
Pretty good day in general for loss porn in wsbs
Everything is getting slapped around
Buying more Tesla
Ev market was my only safe haven for a little bit.
I’m £6k in the red atm
Today I sold everything else I still had about 4 other stocks, and I only hold Tesla now and I will
Only buy Tesla all the way down. My average price is 450 and I am 100% certain it is the safest place for my money.
Other EVs (stock) suck monkey balls.
I’m not selling shit tbh, don’t need the money right now and I’m not eating that massive loss when I can wait as long as I need to.
This shit won’t last forever, might last for quite some time though loools
So many hype stocks are absolutely slaughtered
My best performer in ROI is Tesla and they are the most innovative company of all of them so I feel most secure holding Tesla.
The fact that it’s taken until today for Tesla to eat a little bit of shit is probably testament to that considering everything else has been bleeding out for weeks
That’s why I sold everything
Buying TSLA on the way down for now
Crypto also to the slaughterhouse
Is it because of potential war in Ukraine?
Biden elected?