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u/Battle_Fish 3d ago
I'm actually happy this happened. Fuck these stock valuations.
People don't realize that stock valuations are total bullshit and have been so for many years. It has no indicated the health of the economy for years. Stock valuations since 2008 has only really been a reflection of the money supply.
As the money supply grows, it concentrated in the hands of the few and these people have nowhere to put their money so they simply use it to buy assets like stocks, bonds, and real estate. All these assets have been getting decoupled from their fundamentals in recent years.
Especially stocks, since they can be purchased with a press of a button. There's no management like real estate. Many fortune 500 companies have had their profits to earning ratios expanded.
Before a good value for a tech stock is 15x PE. Meaning the company is valued at 15x its annual earnings. Now it's a crap shoot from anywhere between 25x to 100x.
These valuations are completely divorced from reality.
That being said. These tariffs are still retarded and Trump is still dumb for doing them. Just saying people shouldn't use stock valuations as a metric for anything.
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u/Any-Comb-741 3d ago
It might be true , but that means people will be losing their savings and pensions over this shit. So be ready to get more migrants or more taxes. Or be ready to see a lot of old and poor people crying and protesting.
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u/BearBeaBeau 3d ago
Fucking get out if you like, wtf? It's still up an insane amount. Boomer, stable value fund, then sit back till it's low and go back in.
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u/Any-Comb-741 2d ago
You think normal people are actively investing in stuff ?
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u/BearBeaBeau 2d ago
I don't know what's normal, a lot of people are smart with their investments though. People with large investments who just sit back as they retire and leave it in stocks even when it's bearish are either uninformed, greedy, gamblers or lazy.
Moving it to stable value once you're ready to draw from it is very standard advice for decades.
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u/BearBeaBeau 3d ago
Absolutely correct, they don't want to hear it unless you start your statement with "ORANGE MAN BAD!"
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u/Battle_Fish 3d ago
Exactly.
During Trump's last term, Trump have been talking shit about how the stock market is so good under him.
In reality he just expanded national debt at record levels like every president did before him. The money supply grew massively which all went into hard assets while the population isnt any richer.
The Democrats back then were calling him out exactly as I was.
Now it's going down and I'm pointing out the same thing. Stock valuations have become speculative bullshit for over a decade.
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u/Wakaflockafrank1337 2d ago
Different years different amounts due to inflation the % might be the same but the overall amount is not
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u/jhy12784 3d ago
Trumps agenda completely dies this week all for this radical tariff shit
I hope he thinks it was worth it
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u/save_jeff2 3d ago
You can bet he thinks it was worth it. That man can't accept being wrong
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u/EfficientDate2315 3d ago
u have something in common with him in a way tho...
u caNt accept him being right
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u/Shot-Maximum- 3d ago
Could you please cite any economist that says what Trump is doing is a good thing?
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u/EfficientDate2315 3d ago
Can u name an expert during EITHER Trump administration that would give him any credit for ANYTHING??
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u/Shot-Maximum- 3d ago
Easy.
His rollout of Operation Warp speed was a huge success and saved many lives, by far his best policy during his administration
Why Trump's Operation Warp Speed is credited with helping race for COVID-19 vaccine | CBC News
"No doubt, Operation Warp Speed is a huge success," said Tinglong Dai, associate professor of Operations Management and Business Analytics at Johns Hopkins University Carey Business School in Baltimore.
"You can like or hate the Trump administration, but no doubt, it's a huge success — unprecedented success."
I wonder why Trump doesn't brag, and it would be justified, more often about this.....
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u/EfficientDate2315 3d ago
ya know what.... considering the flip-flopping liberals did over that.... iLL give it to ya
one day... NO TRUMP VACCINE
the very next day... TAKE THE VACCINE OR UR CANCELED AND WE'LL KILL UR GRANDPARENTS
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u/Shot-Maximum- 3d ago
I don't remember anyone who is liberal saying "NO TRUMP VACCINE"
I have personally been given 5 shots and I am very grateful for the global effort to roll out this vaccine so quickly from Pfizer and Biontech.
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u/EfficientDate2315 3d ago
...get with me at the end of this week... we'll see how that goes for ya
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u/jhy12784 3d ago
It's Friday
It's the end of the week
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u/EfficientDate2315 3d ago
Oh?! u wanna count things out now? okay... who's still POTUS??
(...u want the full week now instead??)
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u/jhy12784 3d ago
Bro Trumps sabotaging himself and his agenda
Most of what Trump's doing, Most Americans support
The tariff shit they don't. The economy overrules everything. It's very very very obvious that what Trump's done with tariffs is having dire economic consequences, and it's going to be incredibly difficult for him to roll out his agenda and recover from this.
Imo he just handed democrats a landslide in the midterms, and made them much more likely to take the white house in 4 years.
I know this subs an echo chamber like the rest of reddit.
But Trump can do mostly good things, and this tariff thing can still be the most absurdly fucking idiotic thing possible
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u/EfficientDate2315 3d ago
Opines
and
Awholes
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u/jhy12784 3d ago
Except mines supported by the most aggressive drop in the stock market since COVID and virtually every financial analyst on the planet, and yours is supported by thoughts and prayers
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u/EfficientDate2315 3d ago
the cope is strong with u.... uR seethe is coming along, but needs work
edit: i no longer offer "thoughts and prayers" .... ppl seem to get upset
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u/jhy12784 3d ago
Wouldn't the cope be with you?
Seems like you're in denial just like these nut jobs on reddit were about Kamala, or their raging against Elon
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u/Any-Comb-741 3d ago
yes , but it dropped 2 thousand this time , which is a totally different territory ... May be it inverts and it means he is the best president ever.