I've personally come to the conclusion that much of the market panic is by design. It's Wall Street throwing a tantrum and trying to show everybody that if they don't get government policies that suit them, they'll hold their breath 'till they turn blue. Honestly, they don't care that it's people's IRAs and 401Ks that are taking a big hit, as long as they get the point across that they can make or break the economy if they aren't bowed down to.
Hahahaha!! So true. Not sure how well they scored on the softer side either. It is danged hard to get actual analysis these days in legacy media. Thank goodness for Substack.
This is an important RACKET report because, for financial dummies like myself, and on the freeway two hours before dawn citizens fighting to survive, $$$$$, and understanding the "..don't worry your pretty little head about it.." manipulation of $$$$$ is/has always been, for both the free citizen, and his/her nation, a question of life or death. The top 1% of Americans own 50% (23 trillion dollars) of the stock market and the bottom 50% own 1% (480 billion dollars). What a gap!! The total: 62% (162 million) of Americans are invested in the stock market. Somewhere outside bubble land the rest of We the People, because avaricious greed decided so, exist in a world stripped of human dignity, surveilled and surrounded by a collapsing infrastructure, gutted industrial centers and ravaged public institutions. Consider: A 120 billion dollars on public education last year and your child can't read? My personal view, it's intentional. Is there any other way than personal to take it?
$$$$$ and the understanding of $$$$$ needs demystification and needs to be a part of a healthy national conversation and re-establishment of the healthy truth/fact based reality that will allow our Republic to thrive. I hope RACKET, BIG and other subscription journalists will continue to make $$$$$ a focus of their reporting.
What’s happening now in the market and what they’re saying about it is very similar to climate change. Someone will go on and on about climate change and how we must immediately change to electric cars. What they’re saying omits how much is from human activity, and how much from natural cycles.
As this article points out, the PE ratio for the market was high, along with other indicators it was overpriced. But all you hear about is Trump’s tariffs!
I've noticed this for years now, but I never thought of comparing it to a 14-year-old girl with PMS. Maybe that's because I'm a 56-year-old man who knows he needs to stay as far away as possible from 14-year-old girls...unlike the brother of an uncle of mine.
I always thought of the stock market as the financial embodiment of Woody Allen. Yeah, bad analogy because I've what I said before about young girls, but let's face it, people who play the market freak out over any little thing, no matter how insignificant it may turn out to be.
One thing I can tell you is that whenever something happens in the market, Quoth the Raven thinks like a little girl. Not even a teenage one, really.
Why are we listening to a dude who is famous as a Tesla bear during a time when the stock rose >10x? His first Tesla bear calls were when the stock was what, something like 320. "Something's fishy with Tesla" he'd say. "Tesla will blow up any old time!"
Now some people might look at Tesla stock in 320 in 2018 and then look at it today at 230 and say "What do you mean? He was right!" Those people are stupid, as Tesla stock has split a total of 15:1 since then and is up about 11x (Also known as 1000%) since QTR started flapping lips about it. And kept flapping lips about it all the time and was always wrong. Whenever he is right and Tesla ultimately drops seriously after finally reaching a true peak, he'll be as right as a broken clock sometimes is.
Maybe we could spend our time with a smart lady like Cathie Wood instead, Matt?
When Tim Walz--that dim-bulb running mate of the dimwit VP--was yucking it up about Tesla's falling price, I know several people who said, "WOW! Time to buy more shares!"
If I remember correctly, every automobile company that sells EVs and hybrids offers tax credits to customers. Likewise, utilities and insulation companies pass along tax credits for energy savings and solar panels. States also give companies special tax considerations when they build a factory and create jobs in their region. Semiconductor companies are the latest batch of companies receiving massive tax credits. For many decades, our politicians have determined winners and losers in our economy. Investors factor these government interventions into their analysis of investments.
There is no consciousness in "Wall Street". People buy/sell on news hoping to profit even from tiny movements in prices, and the buying and selling creates momentum. It's not some organized plan; it's just human behavior at scale, like the mobs that form when some new shooting gets politicized.
Sheesh Matt. All this gives me a headache. (Math phobia at its worst.)
The ONE thing I learned, 40 years ago working at a Boston money manager, is that the stock market is like a 14-year-old girl with PMS:
"OH MY GOD, THERE'S A DROP OF SPAGHETTI SAUCE ON MY BLOUSE! MY LIFE IS OVER!"
"I HAVE A ZIT ON MY NOSE! I CAN NEVER LEAVE THE HOUSE AGAIN!"
"THE HEM CAME UNSTITCHED! EVERYONE IS TALKING ABOUT ME."
Translation: Whenever Something Happens--good, bad, different, unusual--the stock market loses its collective mind.
I've personally come to the conclusion that much of the market panic is by design. It's Wall Street throwing a tantrum and trying to show everybody that if they don't get government policies that suit them, they'll hold their breath 'till they turn blue. Honestly, they don't care that it's people's IRAs and 401Ks that are taking a big hit, as long as they get the point across that they can make or break the economy if they aren't bowed down to.
It’s an opportunity by Wall Street to shake down investors and get some cheap stocks. The Media is their accomplice.
Never forget: The media became the media because they can't do math.
Newsrooms are filled with people who scored 420 on their math SATs.
Hahahaha!! So true. Not sure how well they scored on the softer side either. It is danged hard to get actual analysis these days in legacy media. Thank goodness for Substack.
Admittedly, I'm far from a math genius, but I sure can smell BS as good as anybody.
Exactly. If commentators like Jim Crammer were any more full of crap, I couldn't tell a difference between them and a RV "black water" tank.
You've heard of that "Pelosi Stock Tracker," right? I think there's an "Inverse Cramer Tracker."
This is an important RACKET report because, for financial dummies like myself, and on the freeway two hours before dawn citizens fighting to survive, $$$$$, and understanding the "..don't worry your pretty little head about it.." manipulation of $$$$$ is/has always been, for both the free citizen, and his/her nation, a question of life or death. The top 1% of Americans own 50% (23 trillion dollars) of the stock market and the bottom 50% own 1% (480 billion dollars). What a gap!! The total: 62% (162 million) of Americans are invested in the stock market. Somewhere outside bubble land the rest of We the People, because avaricious greed decided so, exist in a world stripped of human dignity, surveilled and surrounded by a collapsing infrastructure, gutted industrial centers and ravaged public institutions. Consider: A 120 billion dollars on public education last year and your child can't read? My personal view, it's intentional. Is there any other way than personal to take it?
$$$$$ and the understanding of $$$$$ needs demystification and needs to be a part of a healthy national conversation and re-establishment of the healthy truth/fact based reality that will allow our Republic to thrive. I hope RACKET, BIG and other subscription journalists will continue to make $$$$$ a focus of their reporting.
Can confirm there is. And mine is still up a bit while everything else is down 😂
Haha!
Exactly...
Violet Elizabeth Bott in Just William books "I'll squeam and I'll squeam and squeam until I'm sick" https://youtu.be/HXiZHXkG-ac?si=lZ3Lo3GoWi1pbxmG
That's hilarious. Reminds me of "the resistance" back in Trump's first term. Every fart, every sneeze was daily drama talking points hysteria.
That’s also what climate hysteria is like. My dog just died—climate change!
What’s happening now in the market and what they’re saying about it is very similar to climate change. Someone will go on and on about climate change and how we must immediately change to electric cars. What they’re saying omits how much is from human activity, and how much from natural cycles.
As this article points out, the PE ratio for the market was high, along with other indicators it was overpriced. But all you hear about is Trump’s tariffs!
It’s a shell game. The media certainly doesn’t want us to look at the behavior of Dem voters.
Nor what the Republicans have done.
I've noticed this for years now, but I never thought of comparing it to a 14-year-old girl with PMS. Maybe that's because I'm a 56-year-old man who knows he needs to stay as far away as possible from 14-year-old girls...unlike the brother of an uncle of mine.
I always thought of the stock market as the financial embodiment of Woody Allen. Yeah, bad analogy because I've what I said before about young girls, but let's face it, people who play the market freak out over any little thing, no matter how insignificant it may turn out to be.
It's all about flow for money managers. That's where they get to skim some off the top. It's not about price. Panic=flow =$.
One thing I can tell you is that whenever something happens in the market, Quoth the Raven thinks like a little girl. Not even a teenage one, really.
Why are we listening to a dude who is famous as a Tesla bear during a time when the stock rose >10x? His first Tesla bear calls were when the stock was what, something like 320. "Something's fishy with Tesla" he'd say. "Tesla will blow up any old time!"
Now some people might look at Tesla stock in 320 in 2018 and then look at it today at 230 and say "What do you mean? He was right!" Those people are stupid, as Tesla stock has split a total of 15:1 since then and is up about 11x (Also known as 1000%) since QTR started flapping lips about it. And kept flapping lips about it all the time and was always wrong. Whenever he is right and Tesla ultimately drops seriously after finally reaching a true peak, he'll be as right as a broken clock sometimes is.
Maybe we could spend our time with a smart lady like Cathie Wood instead, Matt?
When Tim Walz--that dim-bulb running mate of the dimwit VP--was yucking it up about Tesla's falling price, I know several people who said, "WOW! Time to buy more shares!"
BTW Tim Walz makes me think of Elmer Fudd.
...and he apparently was unaware some MN pension funds have loads of Tesla shares.
How Walz got re-elected is a mystery.
The guy is 60-something and owns nothing. HOWEVER, it looks like he's recently become the beneficiary of a whole lot o' campaign money.
How does that work?
I don't know about that. At least Elmer was being foiled by a wascaly wabbit. Walz couldn't even figure out how to load his gun.
He needs one of those earflap hats.
Doesn't he have one? I thought he was wearing it when he demonstrated that he can't load a hunting rifle.
Probably borrowed that one!
Timmy boy is a direct descendant of Elmer Fudd.
It's always a bit risky in the long run, to get on a company which relies heavily on governmental subsidies, don't you think?
If I remember correctly, every automobile company that sells EVs and hybrids offers tax credits to customers. Likewise, utilities and insulation companies pass along tax credits for energy savings and solar panels. States also give companies special tax considerations when they build a factory and create jobs in their region. Semiconductor companies are the latest batch of companies receiving massive tax credits. For many decades, our politicians have determined winners and losers in our economy. Investors factor these government interventions into their analysis of investments.
It's risky to buy any stock. It's riskier to buy none.
In the case of Tesla, yes it was risky but the stock has gone up incredibly so the answer is clearly not to avoid such companies totally.
Outstanding comment.
There is no consciousness in "Wall Street". People buy/sell on news hoping to profit even from tiny movements in prices, and the buying and selling creates momentum. It's not some organized plan; it's just human behavior at scale, like the mobs that form when some new shooting gets politicized.