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| ▲ | cowlevel 5 hours ago | parent | next [-] |
| My interpretation is that the stock market is just reflecting the rising value of power/influence assets relative to currency, which is to say, the falling value of currency relative to power/influence (which stocks are). Stocks aren't going up because the companies are that much better, they're going up because the macroeconomy is that much more fucked. |
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| ▲ | somenameforme 37 minutes ago | parent | next [-] | | I submit exhibit 1: the US monetary supply. [1] We're 'printing' money like there's no tomorrow. Up ~6% in a single year, well over a trillion dollars. That's obviously going to make an economy look increasingly nonsensical. I increasingly get the same feeling I did as back in the early 2000s when there were endless 'house flipping' shows on TV where somebody would go buy a house on an insta-improved loan, add some granite counter tops and mop the floor, then resell it within a couple of weeks for $20k profit and repeat. Not sure how people didn't see that was basically 'Bubble - The TV Show!' [1] - https://fred.stlouisfed.org/series/M2SL | |
| ▲ | gcr 3 hours ago | parent | prev [-] | | How would you differentiate between currency influence and power influence? | | |
| ▲ | cowlevel 3 hours ago | parent [-] | | Power is being able to get people to do things you want them to do. It's become clear that you can do that a lot better with stocks than within currency, although you can also do it with a huge amount of currency. |
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| ▲ | wyager 2 hours ago | parent | prev | next [-] |
| The stock market should reflect reality, and sometimes reality is volatile. |
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| ▲ | antonvs an hour ago | parent [-] | | Perhaps it should do that, but it really doesn't, and can never do so in anything like its current form. It reflects people's perception of reality. |
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| ▲ | 8bitsrule 4 hours ago | parent | prev | next [-] |
| My long-term opinion is that the stock market is more like a milking-machine. |
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| ▲ | timschmidt 4 hours ago | parent [-] | | What do you think a casino is? | | |
| ▲ | AnthonyMouse 2 hours ago | parent | next [-] | | In a casino the thing getting milked is the gamblers. In the stock market the thing getting milked is is mostly the customers/employees/taxpayers. | |
| ▲ | ssl-3 2 hours ago | parent | prev [-] | | Isn't that the place where if I win loads of money, they give me lots of free stuff and invite me back? The same place where if I lose loads of money, they give me lots of free stuff and invite me back? Casinos are awesome! So welcoming. :) (/s) |
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| ▲ | protocolture 2 hours ago | parent | prev [-] |
| What affect on day to day operations of Intel does speculation on already sold stocks have? |
