TBD
To Be Destroyed
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The FO phase of FAFO.
All I see here is a bunch of companies that were massively over valued in the first place.
I sleep.
Karma. Thats what’s goin down!
He did say he would be bringing prices down on day 1, just didn’t clarify he meant stock prices, not grocery prices.
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.
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.
Josh Johnson
He’s such a great comedian. He only gets a few minutes a week on The Daily Show, but it doesn’t really do much just to show how smart and funny the dude is. I love that he frequently posts full 30 or 40 minute sets on YouTube covering current events.
most if they are do so through a 401k or similar.
It’s pretty easy to swap what’s being held in your 401k to Canadian/EU portfolios
As of 1:00 PM EST, it’s down 12% on the day and dropping 🥰
As of 3:00 PM EST, it’s down over 15% on the day and in a bit of a further swing 😍
🍿🍾
You love to see it.
I love it.
Buyeu and buycanada are gaining momentum?
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.
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)
I was questioning that myself.
So far digital goods haven’t been the subject of tariffs on either side.
It would also be hard to tariff successfully as it wouldn’t be difficult for Steam to setup something in another country’s Data center as "Steam International " to bypass any Tariffs.
Although this trade wars has prompted me to start buying games on GoG when that is an option.I’ve been choosing gog over steam since idk when, but some games gog didn’t have. And steam is actually fairly painless to use now compared to all the fights I had getting it to run for me 5+ years ago, so I do sometimes choose steam over gog if it’s a game I’m intending to play with family online, since it’s easy to invite them to a game through the chat.
I hear you there, Steams multiplayer infrastructure is top notch, I’ve seen a few games get significantly clunkier when they added cross play and moved away from Steam’s services.
Steams also the leader in getting games to run on Linux, although between the heroic launcher or running the offline installers through Lutris, GoG isn’t that bad anymore.
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.
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.
It’s more an implicit acknowledgment that it’s all a game. Kind of like crypto, roulette, or poker.
Tech stocks are overvalued right now because they’re all inflated by AI hype. When that hype finally collapses the crash is going to be nasty.
One can hope for it to be Consequences of their actions.
It’s stocks, innit?
