Stock markets

@divegeester said
Bloody hell!

This virus will be the death of us.

Stock markets are a leagl kind of gambling.
If the underlying value is ok the actual prize of astock is not relevant.

Funny thing: A lot of pople agree that stocks should be a longterm investment, but a lot of those still look at the stock market regularly withoput the intention to buy or sell at the moment. I interpret this as a sign to check the own success (some clown even liked the prize of the stoks with the auccess of economical politics...)

@shavixmir said
I have no time for them. They’re not even a poor reflection on reality.
They’re idiotic people trying to make as much money as possible without considering any consequences of their actions.

Seriously, every stock market, hedge fund and bank can burn in hell for all I care.
The sooner the better.

Unfortunately for you, much of your retirement savings are currently stock holdings.

@shavixmir said
I have no time for them. They’re not even a poor reflection on reality.
They’re idiotic people trying to make as much money as possible without considering any consequences of their actions.

Seriously, every stock market, hedge fund and bank can burn in hell for all I care.
The sooner the better.

says the broke dopehead!

@ponderable said
Stock markets are a leagl kind of gambling.
If the underlying value is ok the actual prize of astock is not relevant.

Funny thing: A lot of pople agree that stocks should be a longterm investment, but a lot of those still look at the stock market regularly withoput the intention to buy or sell at the moment. I interpret this as a sign to check the own success (some clown even liked the prize of the stoks with the auccess of economical politics...)

"A lot of pople agree that stocks should be a longterm investment..."

Planning should be for the long-term, indeed.
Panic selling ensures nothing but a loss.

@earl-of-trumps said
Apple is going to hurt as some of their products are manufactured in China. And that is somewhat on hold right now.

Markets will really hurt.

Several cases of COVID 19 in the Silicon Valley area. Apple and others in the area could find themselves rather shorthanded here at home.

@earl-of-trumps said
Apple is going to hurt as some of their products are manufactured in China. And that is somewhat on hold right now.

Markets will really hurt.

Markets and the economy are already hurting all over, and it will get worst before it gets better, no doubt about it.

-VR

@mott-the-hoople said
says the broke dopehead!

Back in your cage trailer boy.

@divegeester said
Bloody hell!

This virus will be the death of us.

I haven't seen little joe the stock broker around since the recent crash. Do you think? Let's hope. 🙂 lol... I think his bull-run just ran over him. lol...

@ponderable said
Stock markets are a leagl kind of gambling.
If the underlying value is ok the actual prize of astock is not relevan

Most gambling is “legal”.

The “underlying value” is not really tangible and actually doesn’t exist; it is the actual value, I.e. what investors are prepared to pay which matters, and that is determined by the mass opinion of those who buy and sell the stock.

@shavixmir said
I have no time for them. They’re not even a poor reflection on reality.
They’re idiotic people trying to make as much money as possible without considering any consequences of their actions.

Seriously, every stock market, hedge fund and bank can burn in hell for all I care.
The sooner the better.

You are being silly. Much of the world’s economy is built on the value of the businesses which drive it. If you don’t want to invest in the stock market then you can leave your money in the bank where they will pay you piss poor interest and they will take your money and invest it in the stock market themselves. Meanwhile you can throw rocks at the Tv and complain about how unfair the world is.

@very-rusty said
Markets and the economy are already hurting all over, and it will get worst before it gets better, no doubt about it.

-VR

The little stock I have hit an all time high a few weeks ago 😞

@kingdavid403 said
I haven't seen little joe the stock broker around since the recent crash. Do you think? Let's hope. 🙂 lol... I think his bull-run just ran over him. lol...

Lent

He will be back after Lent is done.

@divegeester said
You are being silly. Much of the world’s economy is built on the value of the businesses which drive it. If you don’t want to invest in the stock market then you can leave your money in the bank where they will pay you piss poor interest and they will take your money and invest it in the stock market themselves. Meanwhile you can throw rocks at the Tv and complain about how unfair the world is.

Quite right.
People want to gamble their money, fine by me.
Stock prices go up and they get rich... good for them.
Shyte plummets and they all want to jump out of high rises: good riddance.

The gambling has nothing to do with reality, the money they are gambling is worthless: most of it only exists in their own mental constructs.
Anyone thinking that’s a good bases to run society on has their heads up their arse (I need a plug up mine this evening... holy hell... it’s India all over again).

Nothing changes because of stock markets. They shouldn’t waste time reporting on it.

@shavixmir said
Quite right.
People want to gamble their money, fine by me.
Stock prices go up and they get rich... good for them.
Shyte plummets and they all want to jump out of high rises: good riddance.

The gambling has nothing to do with reality, the money they are gambling is worthless: most of it only exists in their own mental constructs.
Anyone thinking that’s a good bases ...[text shortened]... over again).

Nothing changes because of stock markets. They shouldn’t waste time reporting on it.

Yep.
Exactly.
It’s just rich guys speculating and trading.
It is not the best indicator of how an economy is doing.

@wolfe63 said
"A lot of pople agree that stocks should be a longterm investment..."

Planning should be for the long-term, indeed.
Panic selling ensures nothing but a loss.

Not totally so, mon Wolfie.

If you thought about it two months ago and realized that Apple, among many others, will be screwed because of the virus stopping production ion China, you would have been very wise to sell Apple stock then,, and wait until markets settle down. Then, buy back in. And Apple will rise back up and you will have made a tidy little fortune.

Some say the market was due for a correction anyway.