• DOW Plummets as Confidence in Tech Erodes
    28 replies, posted
https://www.cnbc.com/2018/10/10/us-markets-bond-yields-and-data-in-focus.html
Its dow no one cares.
wtf it was 600 half an hour ago, 500 an hour ago.
Dawn of War? I mean there haven't been any decent games coming out for a while so I can see why confidence would drop in the series.
Damn obama, why'd he ruin Trump's super successful business run??
830 points now.
I maxed out my Roth IRA with emphasis on index funds recently and saw 4% of my account wiped out in one day. Did I make a bad decision in investing at the time I did or are these dips unpredictable?
There's always a crash after a bull market. Happens every time because everyone is trying to get the most out of it before it goes kaput. We've been in a bull market for a long time.
I think the tech crash will be big. Some social media is literally reaching their maximum practical userbase. Such explosive and sustained growth is impossible to continue when there are no more markets to expand into. Considering social media is plateauing and is quite possibly the biggest driver of the tech boom and data sales, I can easily see market confidence dropping off a cliff.
maybe this means homes here in SF bay will finally be affordable again. I'm not trying to spend a million dollars to be my neighbor
There's always going to be crashes and surges, you'll make it back, lose it and make it back again I would imagine
As far as modern companies are concerned, they might as well file for bankruptcy if they ever get to that point. It's not enough to make gross profits of literal billions of dollars anymore. Anything short of making all the money is akin to failure to the most contemptible degree.
No you're fine. By the time you can even retire and draw from your IRA reasonably it'll have recovered and then some. Long term investments are set and forget. If your shit is so bad to worry about it years later, there's a much more pressing economic problem. Like serious economic depression or war or some shit.
After peaking it starts to drop and without any action, the userbase will leave Facebook at an accelerated rate. This isn't the userbase, but just to illustrate, myspace vs facebook references (consider them proportional to the interest): https://static.seekingalpha.com/uploads/2012/8/1072043_13455111509202_5.png Facebook will inevitably follow the same curve. The question is, how much can they stretch the downwards slope.
Hm idk, can you elaborate more on that? I don't really know enough to dispute you but this doesn't really make intuitive sense to me. I don't see why constant growth is really vital when you're making a million dollars a minute.
I was being facetious and hyperbolic in expressing my disdain and despair about how cynical modern corporate culture has become. I don't have any evidence to back that claim up, because it wasn't meant to be a serious reply. I apologize if I mislead you. <3.
Asian markets saw a shitty day today as well with more tech stocks crumbling, the Dow is expected to open 300 points lower again. We might be seeing the end of the bull market. https://www.cnbc.com/2018/10/11/asia-markets-wall-street-sell-off-the-fed-currencies-in-focus.html
Oh man that's pretty shitty. On the plus side I've been looking for a time to jump back in after selling my shares to buy a house a year ago, looks like there might be a time soon (not trying to time the market or anything, just trying to build up some savings first and not in any rush).
I don't want to seem like I'm taking any joy or glee out of this, because when the market falls, someone, somewhere, is losing money and getting burned on their investment, especially if we're on the crest of a downturn that's going to evolve into a recession. It could even affect some FPers, and I don't want to come across as preemptively flipping the bird to anyone who turns out to suffer from the reversal of the market if that is indeed what is happening now or in the near future. But, if this is the slip before the fall, this is happening right before the midterms. Whoops.
When people talk about a Bull market, do they mean that people more aggressively buy and sell, with bear being more cautious? I've heard these terms a lot over the years but don't have a degree in economics and wikipedia would probably shower me with words I don't understand.
I'm gonna be poor I've lost $20 yesterday alone, I have less than $800 total invested in different stocks, down $40 this month so far
Tech was going to explode anyway. Adoption rates are dropping, competition is basically dead, the dirty secrets and constant failures as well as the massive negative impact tech companies have had? Yeah, that's a snowball ready up come crashing.
Profitable to run? Yes. Profitable to buy stocks for? Not necessarily if a big portion of stock value is based on the assumption that userbase keeps growing, if it turns out that won't happen.
Don't stocks pay dividends though? So you'd just make your money there rather than selling it off?
The dividends are probably minuscule compared to the speculation inflated value of the stocks themselves. I dunno, someone who actually knows about stocks shine some light?
Not all companies pay out dividends, anyways you'd be better off getting something with better (and guaranteed returns) than using stocks for that.
Dividends are usually pretty minor for a vast majority of stocks, and it varies based on sector too. Tech stocks have some pretty shite payouts for example, the average across all tech stocks in the S&P 500 is like 1.5% yield. Facebook doesn't pay dividends either btw, so yeah.
Yes, if you can legally do that. Facebook is likely to eventually have parts of their business model outlawed in the EU, though. I could be extremely mistaken about this, but I suspect we have very little incentive to keep highly targeted advertisements legal here, since most of these large social media companies that do this kind of data processing are from abroad, while many local ones have different monetisation models (like being paid services that advertise privacy or primarily target businesses). Significant parts of Facebook's (and Google's, and likely Twitter's too) business model are probably already illegal EU-wide, they just aren't widely admitting they even have them in place.
Nasdaq futures are down 2%. If Tesla gets to -4% or <240, that’s upper end of possible margin call territory for Musk.  I also think that other companies and investors are frantically trying to pump Tesla so they don’t get burned by Musk’s margin call, but if the entire market is melting down, the wheels will fall off very fast.
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