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How’s the stock market?

Chocki

Chocki

Phil Edwards status
Feb 18, 2007
6,747
7,454
113
Planet Earth
  • Haha
Reactions: grapedrink and Subway
C

CutnSnip

Phil Edwards status
Sep 11, 2018
5,941
6,314
113
Probably dropping in on you, California
casa_mugrienta said:
Small world? Just got off the phone with the wife, two layoffs. One in k-12 education (not a teacher) and I'm pretty sure the other one is in IT.

Trades would make sense as real estate isn't moving.

Anyone who works in retail will tell you sales have been down for a long time (despite the gubmint numbers, which are likely propped up by inflation).

The surfboard business is slow as hell, and from what I hear and personal experience turnaround times are faster than ever.

I am told by a person in the know there is essentially a hiring freeze at my employer (healthcare), HR just isn't coming out and saying it.
Click to expand...
and we have more strikes coming in my world..yay!
 
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sdsrfr

sdsrfr

Phil Edwards status
Jul 13, 2020
6,029
11,567
113
San Diego
I don’t think a lot of people think like inflation.

Savings can be at an all time high, which feels good, but in reality everything is twice as expensive so you actually lost ground.

you don’t really realize this until you’re faced with a grim reality of not enough savings to weather a household “need”.
 
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R

r32

Administrator
Staff member
Apr 1, 2005
18,180
9,981
113
Cambria
CRWD don't follow this one, but since Subway bought in, I figured I might as well have a look. It dropped below 300 this morning. Looking for next bounce around 272 ?

1709656691465.png
 
racer1

racer1

Tom Curren status
Apr 16, 2014
12,973
15,064
113
Honolulu, Hawaii
sdsrfr said:
I don’t think a lot of people think like inflation.

Savings can be at an all time high, which feels good, but in reality everything is twice as expensive so you actually lost ground.

you don’t really realize this until you’re faced with a grim reality of not enough savings to weather a household “need”.
Click to expand...
I have two wealthy friends, that made tech money, and are under 40. They both said that they are spending less money these days and putting it into markets. They said no value in going out to fancy dinners or taking exotic trips at current prices. More cooking at home and domestic travel. They said their circles are doing the same. They are stacking cash and slowly buying into ETF's and crypto. Daily spend has no value. Even their wives are doing pilates off Youtube lol.
 
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sdsrfr

sdsrfr

Phil Edwards status
Jul 13, 2020
6,029
11,567
113
San Diego
racer1 said:
I have two wealthy friends, that made tech money, and are under 40. They both said that they are spending less money these days and putting it into markets. They said no value in going out to fancy dinners or taking exotic trips at current prices. More cooking at home and domestic travel. They said their circles are doing the same. They are stacking cash and slowly buying into ETF's and crypto. Daily spend has no value. Even their wives are doing pilates off Youtube lol.
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imo, the “nice” things really aren’t worth it anymore.

most experience based expenditures are mediocre if not disappointing at best these days. good luck getting customer support if things go wrong.
 
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racer1

racer1

Tom Curren status
Apr 16, 2014
12,973
15,064
113
Honolulu, Hawaii
That’s exactly what they said.

also this rich gey couple who surfs my local (they rip), just got back from the Swiss alps and said it was lame. Nickle and diming everything at the resort. These are rich fags (their words not mine) who are super bougie and said no high end value out there.
 
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PRCD

PRCD

Tom Curren status
Feb 25, 2020
12,883
8,930
113
racer1 said:
That’s exactly what they said.

also this rich gey couple who surfs my local (they rip), just got back from the Swiss alps and said it was lame. Nickle and diming everything at the resort. These are rich fags (their words not mine) who are super bougie and said no high end value out there.
Click to expand...
That's a real problem when employment in "advanced" economies is almost entirely service sector.
casa_mugrienta said:
AI will fix this.
Click to expand...
There are 3 types of customer service in the US: bad service, self-service or no service. AI customer service is all 3.
 
sussle

sussle

Rabbitt Bartholomew status
Oct 11, 2009
8,444
7,841
113
Crowdstrike ER looks good - the dip was today and it looks good ah ATM. Feels like an nvda good-for-everybody scenario tomorrow.
 
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