125
Yo! What's Goin' Down? (lemmy.dbzer0.com)

TBD
To Be Destroyed

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[-] Calcifer@eviltoast.org 32 points 1 week ago

The stock market is generally more of a "rich people's feelings" graph - very few Americans relatively are invested in any meaningful way, most if they are do so through a 401k or similar. That said, what "the market" hates most is uncertainty - and there's quite a lot of reasons to be uncertain at the moment between tariff threats and mass layoffs (not to mention geopolitical tensions).

Importantly though (and this is just a personal opinion) I think many stocks on the market are way overvalued. Executives and investors have used every trick in the book to "make a line go up", which means they aren't really operating on any business foundation designed for longevity or to withstand swings in the market. There's bubbles lurking in a lot of sectors. I'd guess at least some of this downwards momentum will be a market correction for some of these issues.

As always though, it's the folks invested through pensions and 401ks that have the most to lose relatively. The big players have probably already taken out their cash and are just waiting to see what they can buy up in a crash.

[-] Semi_Hemi_Demigod@lemmy.world 2 points 1 week ago

I watched a comedian on YouTube make a great point: When DeepSeek was announced the markets lost a trillion dollars in value and almost no one noticed except like twelve people.

[-] miss_demeanour@lemmy.dbzer0.com 31 points 1 week ago
[-] MsPenguinette@lemmy.world 12 points 1 week ago

As of 1:00 PM EST, it's down 12% on the day and dropping 🥰

[-] Zerlyna@lemmy.world 2 points 1 week ago
[-] lostoncalantha@lemmy.world 7 points 1 week ago

You love to see it.

[-] BedSharkPal@lemmy.ca 2 points 1 week ago
[-] Coffeegrinder@feddit.nl 17 points 1 week ago

Buyeu and buycanada are gaining momentum?

[-] pedz@lemmy.ca 5 points 1 week ago

I agree with the sentiment but I work in IT and yearn for when we will get rid of Microsoft, Amazon, and the tech giants.

My mother won't buy anything American at the grocery store but uses Amazon and Facebook every day.

My coworkers won't buy American products but use Windows, Teams, and Office every day.

I may be using Linux, open source software, and avoid American tech when possible, but I still use Google and Gmail.

At some point we may want to (or should) also extend that boycott to software and tech services. Have our governments, institutions and people not dependent on American corporations. It can only be good for our sovereignty anyway.

[-] Chip_Rat@lemmy.world 1 points 1 week ago

I asked in another thread about the possibility and likelihood of a sort of "digital embargo" where the states would order American companies like steam to halt service.

Forget not being able to get oranges or having to eat frozen veggies part of the year, this is somewhere that I can't really change my buying habits and move on (my steam library can't leave steam in this example)

[-] HikingVet@lemmy.ca 13 points 1 week ago

One can hope for it to be Consequences of their actions.

[-] Oisteink@feddit.nl 5 points 1 week ago

It’s stocks, innit?

[-] skozzii@lemmy.ca 5 points 1 week ago

He did say he would be bringing prices down on day 1, just didn't clarify he meant stock prices, not grocery prices.

[-] brucethemoose@lemmy.world 3 points 1 week ago* (last edited 1 week ago)

Big Tech always amplifies gyrations in the market. Hence, every single one of these stocks (except Microsoft, I just checked) is still beating the S&P 500 over 6 months, even with these drops. And Microsoft is still way up in the long term.

Look, I want meteors to hit them all, but huge swings are the norm for these now. Hotter stocks trade a lot like crypto these days.

[-] mmddmm@lemm.ee 1 points 1 week ago

Hotter stocks trade a lot like crypto these days.

Hum... That's not a good sign.

Instead, that's a really strong indication that people believe those stocks have the same kind of fundamentals than crypto.

[-] lennee@lemm.ee 1 points 1 week ago

Everything! 🔥

this post was submitted on 10 Mar 2025
125 points (100.0% liked)

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