Current Affairs Stocks and shares and stuff

[Paris]

 

[Paris]

Loving all the boomer twunts crying on CNBC.

 

[WA Toffee]

Then I suggest that investing in a company who leaves themselves that exposed is not a sensible investment. Besides, millenials will have to work until they drop, so I don't see why boomers shouldn't also get to enjoy the fun.

F the boomers I say, F them right in the ear.

Just when I thought it wasn't possible to love Papa Elon enough, he mentions BTC and the price shoots right back up. What a man, what a man, what a mighty good man

I don't have nice things so no one else should have them either.
Strong argument.

 

[Paris]

I don't have nice things so no one else should have them either.
Strong argument.

Okay boomer

 

[WA Toffee]

Okay boomer

nah, a couple of decades away from being a boomer, but good attempt to strengthen your argument. You nearly convinced me.

 

[NilSatisOptimum]

Then I suggest that investing in a company who leaves themselves that exposed is not a sensible investment. Besides, millenials will have to work until they drop, so I don't see why boomers shouldn't also get to enjoy the fun.

F the boomers I say, F them right in the ear.

Just when I thought it wasn't possible to love Papa Elon enough, he mentions BTC and the price shoots right back up. What a man, what a man, what a mighty good man

Ha ha, you should keep some of this for the inevitable screen play...

 

[NilSatisOptimum]

I don't have nice things so no one else should have them either.
Strong argument.

The free market hey...

 

[Blueclouds]

So im looking to buy shares, need to start planning for the future. I'm looking at green energy firms, would this be a sensible option to look at?

 

[Paris]

So im looking to buy shares, need to start planning for the future. I'm looking at green energy firms, would this be a sensible option to look at?

I'm not a financial advisor, and I have no investment expertise whatsoever, but I'm in two minds about investing right now, thanks to GME and AMC, the markets are down, making it a great time to buy. However, it's possible that if the greatest hold by underdogs since 480 BC continues, then the markets could decrease further.

 

[Paris]

nah, a couple of decades away from being a boomer, but good attempt to strengthen your argument. You nearly convinced me.

Okay boomer fellater

 

[RaleighBlue]

No there's not, but peoples retirement funds shouldn't be used as collateral damage just so someone can stick it to the man.

Then people's retirement funds shouldn't be functionally forced into a casino that is used for the ultra wealthy to skim profits off the top to further their own obscene wealth.

Decades of deregulation and blatantly unequal fiscal policy led us here, not a bunch of millenial/zoomer redditors that figured out they can game the system too.

 

[mill]

Then people's retirement funds shouldn't be functionally forced into a casino that is used for the ultra wealthy to skim profits off the top to further their own obscene wealth.

Decades of deregulation and blatantly unequal fiscal policy led us here, not a bunch of millenial/zoomer redditors that figured out they can game the system too.

I agree with you regarding monetary policy and fiscal policy (rather austerity) getting us here. That’s been the biggest cause of inequality since the GFC. Though nobody complained about their house prices going up.

But peoples’ pensions don’t need to be anywhere near the hedge funds for people to be affected. Sensibly invested funds can be affected by contagion. If this causes financial instability it won’t necessarily just be the hedge fund industry (which is about 3% of the asset management industry btw - most people are behaving sensibly). If it genuinely does cause instability, which is feasible and not because the pension funds are directly exposed to the hedge funds themselves, and that causes a liquidity squeeze, that could cause a market correction. That correction and liquidity squeeze increases the cost of capital for all companies, at a time when they can’t afford it. In a normal situation then that’s fine, authorities can ease conditions by lowering rates and through things like QE. But due to the global pandemic they’ve already done that so there is little in the tank. Causing financial market instability during the time that they are already being supported do to the hole in GDP caused by the pandemic (globally btw), will mean companies struggling, job losses, no further fiscal or monetary support, and a vicious cycle down.

There are people who abuse the markets. It’s no surprise that there are horrible people out there and the financial services industry has more than their fair share. But they are still the minority, and the vast majority of people are behaving with best intentions.

if what we are seeing (and it is an if) does cause instability, it couldn’t come at a worse time. I’d rather not experience a global depression during a global pandemic.

And if you think it’s the rich or ‘the man’ who are going to come off the worst in that scenario, you are sadly mistaken.

But you know, memes.

 

[RaleighBlue]

I agree with you regarding monetary policy and fiscal policy (rather austerity) getting us here. That’s been the biggest cause of inequality since the GFC. Though nobody complained about their house prices going up.

But peoples’ pensions don’t need to be anywhere near the hedge funds for people to be affected. Sensibly invested funds can be affected by contagion. If this causes financial instability it won’t necessarily just be the hedge fund industry (which is about 3% of the asset management industry btw - most people are behaving sensibly). If it genuinely does cause instability, which is feasible and not because the pension funds are directly exposed to the hedge funds themselves, and that causes a liquidity squeeze, that could cause a market correction. That correction and liquidity squeeze increases the cost of capital for all companies, at a time when they can’t afford it. In a normal situation then that’s fine, authorities can ease conditions by lowering rates and through things like QE. But due to the global pandemic they’ve already done that so there is little in the tank. Causing financial market instability during the time that they are already being supported do to the hole in GDP caused by the pandemic (globally btw), will mean companies struggling, job losses, no further fiscal or monetary support, and a vicious cycle down.

There are people who abuse the markets. It’s no surprise that there are horrible people out there and the financial services industry has more than their fair share. But they are still the minority, and the vast majority of people are behaving with best intentions.

if what we are seeing (and it is an if) does cause instability, it couldn’t come at a worse time. I’d rather not experience a global depression during a global pandemic.

And if you think it’s the rich or ‘the man’ who are going to come off the worst in that scenario, you are sadly mistaken.

But you know, memes.

I don't disagree that this has the potential to go real bad. I'm not happy this is happening. Nor am I suggesting that everyone in the market is a bad actor. I also do not assume this will only affect some small portion of the market or the economy.

I'm just apportioning more of the blame to the regulators and financiers that set up a system to benefit themselves at the expense of long term sustainability rather than the disaffected kids that figured out how to break it.

We should not be in a situation where this is possible.

I'm not rooting for the redditors, I'm just also not going to attack them for playing by the (broken) rules in a way that may be advantageous to only them in the short term. It's kind of how the markets have worked for at least my entire life, only with the people having to buy in at a higher price point to manipulate the market.

 

[CharliePotato]

So im looking to buy shares, need to start planning for the future. I'm looking at green energy firms, would this be a sensible option to look at?

Yeah mate, green energy, electric cars, tech companies all been pumping lately.

Have a look at 3D printing companies aswel.

 

[WA Toffee]

Okay boomer fellater

You get more impressive with every post.