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Wokeism v. Markets. Markets win.
Wokeism v. Markets. Markets win.
Tech wreck decimated tech stocks. I was trading online via comsec back in 99 from memory. I think gold was super low at the time as well. Everything was running. Mining was as well. You could throw a slab of money and reap massive rewards at the time.
Once the "wreck" hit, some tech stocks simply disappeared. But it's times like these that exciting new companies are created. There was a flood of innovation after the tech wreck.
Once the "wreck" hit, some tech stocks simply disappeared. But it's times like these that exciting new companies are created. There was a flood of innovation after the tech wreck.
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What came out of the tech wreck?
Pretty much all the majors started forming. What happens is that thousands of developers/engineers get laid off. Then giving some of the upstarts access to some experienced players driving innovation. Follow some of the major tech VCs and you get the idea.
Usually see results in 5ish years
This is most likely another turning point
over9k
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U.S GDP price index in at 4.1 with an estimated 5.3. Probably a lot to do with the strength of the dollar.
PCE up 1.4 for the quarter, also good.
Growth plays, bonds etc all moving as a result.
PCE up 1.4 for the quarter, also good.
Growth plays, bonds etc all moving as a result.
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The key thing back then was that many had correctly identified that the then new internet was a game changer but very few had identified how to make money out of it.
At that point the internet was mostly either giving content away online (weather forecasts, general information about your real world business, whatever) or it was selling a physical product (notably CD's, books and airline tickets were early ones). The idea that online content itself would have value, that the thing of value would be on the screen and not delivered by post, took quite some time to evolve to a point someone was actually making money out of it.
When the bubble burst a huge number of companies that had not only no profit but not even any revenue simply disappeared. The market realised that a lot of them had no hope of ever becoming a profitable business.
Out of that the strong ones emerged. Netflix used to send out physical DVD's, it wasn't an online service as such, whilst Amazon's early business was simply selling physical books. But what they did have was a real, actual business which underpinned a stock that was worth something and from which the company could and did innovate and grow to the point of their original business either ceasing entirely or becoming a sideline.
over9k
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Sold some news tonight and flogged some NRGU at 627. Aiming for a degen rebuy tomorrow and some TNA.
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AMZN issues poorer 4th quarter guidance. Down 22% after hours.... Pretty much back to pre-Covid levels
Hit list so far:
Hit list so far:
- META
- GOOG
- AMZN
- CS
Dona Ferentes
Pengurus pengatur
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I think there was a WSJ report that there was a hiring freeze that did it, esp AWS.
over9k
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Yep, all futures into the red for a friday selloff with ndx leading the charge too.
Looks like it might have been a wise sell last night.
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Maybe. Last time we had this pattern was in mid July where the dips kept getting bought
over9k
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Aus PPI in at 6.4% year on year and 1.8% quarter on quarter.
Real world, probably about a 10% inflation rate.
Real world, probably about a 10% inflation rate.
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Great, the cherry-on-top will be the Fed revising terminal rate to 6.x%
over9k
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Big oil reporting earnings. All way above estimates but premarket's barely moved as this has, well, been priced in. I'd hardly call oil companies making a lot to be a surprise now...
Oil itself is down on the day.
Oil itself is down on the day.
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heard some commentators , claiming GDP has been redefined again , what else ??
several ( non-mainstream ) analysts completely reject ( or ridicule ) official data now
if government can't control debt accumulation , how can you expect the US citizen to control their own debt ( let alone the debt accumulate by the government on their behalf , because government debt is actually tax-payer debt )
bluekelah
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Yep you should have seen YAHOO
yahoo all the way up , yahoo all the way down during 2000/2001 tech crash. was like 500peak down to 8 bucks. Amazon did the same thing back then too but has since come up thousands of%% All the FAANG stock will be totally out of favor soon.- Joined
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Dip buyers out today. The after hours losses from yesterday were mostly wiped out. INTC up a massive 10% despite crappy guidance too.
bluekelah
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still too much liquidity sloshing around. Everyones still betting on a FED pivot especially after BOE pivoted and now Canada is also reducing pace of rate hike increases
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Let's see what the Fed rhetoric is like next week. Things are already starting to break...
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