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Source: ButaJape
Good luck with this one ~~Beep~~ Keep
The greatest realization of the stock market was learning it was how people felt and no real mathematical decisions or even educated guesses. "President Trump woke up with a headache today and took Tylenol for it." Tylenol stocks skyrocket No logic, just reactions.
I realised this a while ago, and it's frankly baffling to me that anyone can pretend it has any direct relationship to how well a company is actually performing. It literally doesn't matter how well a company is performing, if people buy the stocks the price goes up, if they sell the stocks the price goes down. There is no other factor that matters.
The fact that people buying and selling usually correlates with a company doing well or poorly doesn't actually mean those two things are inherently connected.
See also: GameStop
so many of my friends work in brokerages. It’s actually really sad how many millionaires calling them acting like the entire world is ending at 2 am. Every single fucking day.
When you have money that's all you're worried about it appears as well.
Yup. Apparently winning isn't really winning.
Stock market is just rich people gambling a small portion of their generational income.
Yeah, if you ignore all of the retirement accounts.
the top 10 percent hold about 93 percent of U.S. households stock market wealth, retirement accounts make up a relatively small portion actually
Didn't like how the line was going back in time
Ok that is neat.
My preferred version:
Well yeah. The market is just an aggregation of sentiment of traders. It hasn't been a reflection of value in ages.
Can you imagine if shares, were for sharing profits with the best workers of a company?
Not quite the same sentiment, but a system of “codetermination”, as followed in Germany and in Elizabeth Warren’s proposals, would make it so worker votes would have a controlling stake in large companies. It’s not a share of profit, but it means they can override unhinged decisions in the boardroom.
If shares were for sharing, that would be reflected in the name somehow.
Yeah, I guess so. Well at least I have my Asset.
Be sure to hold onto it tightly as you spread those checks.
Hey, I would like a share of your ass. too, don't be hoarding that!
They are. Manny companies have share offers or share bonuses with their workers.
Would you like to share some with the class? Cause personally I am tired of bonuses being credits to the company store.
If by "traders" you mean "the ruling class" then yeah
It never has been anything but that. "Value" is just a sentiment of a trader. Probably by definition.
It didn't used to be. When it all first started, before the exchanges and before it got very easy to trade, a share was literally just a portion of the company. Directly tied to its value.
Then we got all "efficient" and fucked it right up.
Shares are still just portions of a company.
What was company value back then? What determined it? Price or value of the company was just what buyer was willing to pay for it. And it still is...
I do believe in bull-markets. I do, I do!
This is just textbook the last 50 years of western SE.