Stock Market White Knuckle Ride

[Deleted User 9015]

Netflix has sure taken a beating. It has lost nearly HALF of its value since its October 2021 peak.

With the growth of studios running their own streaming services, I have long wondered how they will sustain themselves. I honestly don't think I would keep netflix if i didn't use a vpn.

[audiophile]

I get 1.5% at my bank right now, so I'm sheltering it there, and I don't have to wonder about it.

1.5% ??? That means you were pedaling backwards even when Trump was in office. It also means you're tragically unqualified to assess Biden's or anyone else's economic initiatives. SMH.

And you know that how? I moved out at record high levels.

How is bitcoin doing for you? Ouch!

[Honeyman]

No early morning post today?

[Turkeytop]

How is bitcoin doing for you? Ouch!

Bitcoin. An imaginary currency with no intrinsic value. What could possibly go wrong?

[audiophile]

Correct TT, but so is the US dollar.

Not to disappoint:
https://www.msn.com/en-us/money/topstoc ... d=msedgntp

[MotorCityRadioFreak]

The intrinsic value of the dollar is the U.S. gross domestic product. To say there is no intrinsic value is inaccurate, in my opinion.

Apples and oranges.

[Rate This]

Inflation is occurring because of factors that occurred before Biden was in office.

[audiophile]

Gooooooooooood Moooooooooooorrrrrrrrrrrrrrrnnnnnnnnnnnnnnniiiiiiiiiiiiinnnnnnnnnnnnnnnnggggggggggggggggg!

https://www.msn.com/en-us/money/markets ... d=msedgntp

[Rate This]

Gooooooooooood Moooooooooooorrrrrrrrrrrrrrrnnnnnnnnnnnnnnniiiiiiiiiiiiinnnnnnnnnnnnnnnnggggggggggggggggg!

https://www.msn.com/en-us/money/markets ... d=msedgntp

Goooood Mooooorrrrrnnnnniiiinnnnngggg! in todays economic news:
Economy grew 6.9% in the fourth quarter and 5.7% in 2021, highest yearly growth since 1984. Stocks are not the economy. It’s a damned casino. Using them as a metric for the economy is not valid. They are completely separate things that don’t correlate anymore if they ever did.

If you want to know how things really are you have to go to the data which indicates a strong recovery. I tried that once here and got made fun of for it. Apparently scoring cheap points on the other side is more interesting. Who knew?

https://apnews.com/article/f3284b06f153 ... 6f0f81cd7e

[audiophile]

So, lock down the economy for two years, and pay everyone not to work, leading to major supply chain issues, and claiming the economy grew at 6.9% (same amount as inflation) is supposed to impress anyone?

[audiophile]

Ping.

https://www.wsj.com/articles/global-sto ... _lead_pos2

[Honeyman]

This one falls on Biden by not helping get people back to work. Stagflation at its finest. Even CNN thinks Trump was better president, now.

https://www.msn.com/en-us/money/markets ... d=msedgntp

Since a-phile posted this Monday morning, the markets went up over 650 points.

[Deleted User 9015]

pay everyone not to work\

lol what? I've worked harder in the last two years than I have in my life. Take the damn blinders off.

[Rate This]

So, lock down the economy for two years, and pay everyone not to work, leading to major supply chain issues, and claiming the economy grew at 6.9% (same amount as inflation) is supposed to impress anyone?

It grew at 6.9% and there are lots and lots of jobs being created. The hole is large we are trying to climb out of. If you want this buck to stop with Biden than you must accept the other Buck that got us into this mess stopping with Trump.