How’s the stock market?

hal9000

Duke status
Jan 30, 2016
56,500
16,908
113
Urbana, Illinois
This market is complete and utter horsesh*t. The federal government is buying up corporate bonds and directly manipulating the market.

How long can a Potemkin village stand?
 

john4surf

Kelly Slater status
May 28, 2005
9,017
3,755
113
CBS, CA
HARD WORK...

Every morning, the CEO of a large bank in Manhattan walks to the corner where a shoe shine stand is always located.

He sits on the couch, examines the Wall Street Journal, and the shoe shine guy gives his shoes a shiny, excellent look.

One morning the shoeshine guy asks the Executive Director:

What do you think about the situation in the stock market?

The Director very surprised asks:

Why are you so interested in that topic?

"I have a million dollars in your bank," the shoeshine guy says, "and I'm considering investing some of the money in the capital market."

What your name? Asks the Director.

- John H. Smith -

The Director arrives at the bank and asks the bank manager:

Do we have a client named John H Smith?

“Certainly” answers the Customer Service Manager. He has a million dollars in his account.

The Director comes out, approaches the shoeshine guy and says:

Mr. Smith, I ask you this coming Monday to be the guest of honor at our board meeting and tell us the story of your life. I am sure we will have something to learn from you.

At the board meeting, the Executive Director introduces him to the board members:

We all know Mr. Smith, who makes our shoes shine at the corner stand; But Mr. Smith is also our esteemed customer with over a million dollars in his account. I invited him to tell us the story of his life. I am sure we can learn from him.

Mr. Smith began his story:

I came to this country fifty years ago as a young immigrant from Europe with an unpronounceable name. I got off the ship without a penny. The first thing I did was change my name to Smith.

I was hungry and exhausted. I started wandering around looking for a job but to no avail. Suddenly I found a coin on the sidewalk. I bought an apple. I had two options: eat the apple and quench my hunger or start a business. I sold the apple and bought two more apples with the money. I also sold them and continued in business.

When I started accumulating dollars, I was able to buy a set of used brushes and shoe polish and started polishing shoes. I didn't spend a penny on entertainment or clothing, I just bought bread and some cheese to survive. I saved penny by penny and after a while, I bought a new set of shoe brushes and ointments in different shades and expanded my clientele.

I lived like a monk and saved penny by penny. After a while I was able to buy an armchair so that my clients could sit comfortably while cleaning their shoes, and that brought me more clients.

I did not spend a penny on the joys of life. I kept saving every penny. A few years ago, when the previous shoe shine guy on the corner stand decided to retire, I had already saved enough money to buy his shoeshine location at this great place.

Finally, finally, three months ago, my sister, who ran a brothel in Chicago, passed away and left me a million dollars....

And that (Paul Harvey), is the rest of the story
 

r32

Administrator
Staff member
Apr 1, 2005
18,128
9,862
113
Cambria
Crypto markets on fire again and TSLA too. Papa Elon has turned so many traders into millionaires, he has ascended to a god-like status in the investing world. Most insane year for gains since 2017 and 2011.
 

r32

Administrator
Staff member
Apr 1, 2005
18,128
9,862
113
Cambria
I sold my TSLA right before it exploded
Why? They have new models coming, more solar roof tech coming, and stock split. Company is on fire and killing it.

Elon is taking on the entire auto industry just so he can break the Saudi oil dependence, and he's doing an incredible job. Something even most venture cap would have never thought possible. TSLA might be the best long term hold right now for profits.

Everything project he touches turns to gold. Paypal, Nueralink, Boring Co, SpaceX, and Tesla. No surprise he is fourth wealthiest in the world now.
 

Autoprax

Duke status
Jan 24, 2011
68,805
23,433
113
62
Vagina Point
Why? They have new models coming, more solar roof tech coming, and stock split. Company is on fire and killing it.

Elon is taking on the entire auto industry just so he can break the Saudi oil dependence, and he's doing an incredible job. Something even most venture cap would have never thought possible. TSLA might be the best long term hold right now for profits.

Everything project he touches turns to gold. Paypal, Nueralink, Boring Co, SpaceX, and Tesla. No surprise he is fourth wealthiest in the world now.
I'm dumb?
 

Autoprax

Duke status
Jan 24, 2011
68,805
23,433
113
62
Vagina Point
Lol, no. The investment game is complicated. But always time to get back in the game and hodl. Just wait for market dip then buy.

TSLA and AMD for the early retirement win.
I've picked some loosers but I also grabbed some Amazon and Apple.

Those kinda balanced things out.
 
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