People selling everything before the next big crash
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Sanity CheckSBR Posting Legend
- 03-30-13
- 10962
#1People selling everything before the next big crashLast edited by Sanity Check; 11-01-21, 04:23 PM.Tags: None -
vitterdRestricted User
- 09-14-17
- 58460
#2Another stock market record today!!!Comment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#3You do see the correlation of inflation to this right?
Fund managers cannot:
1- invest in bonds
2- invest in real estate
3- invest in gold/ silver
4- invest in foreign currency
Ergo, US equities are at an all time high, yet the SP500 is literally 25% Apple/Microsoft/Google/Amz/FB
Of the other 495 companies, 20% LOST money last year lol
The entire thing is 1 tapering decision away from imploding...I would HATE to be overweight in anything right now, especially spec things like crypto.
What is going to happen when rates go up 50 basis points in next few years and 75% of homes are underwater?
Oh yeah...2009.Comment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#5You know I read & studied that a lot in my poly science courses in college
It wasn't the stock market that sank the world, it was Flagler building his railroad to Key West and the subsequent Florida RE boom, which was then leveraged to buy stocks to build it....once the liquidity crisis hit, Hoover (as a strict Constirutionalist) did not intervene in our free markets, but rather recalled loans and lending programs extended to postvWW1 Germany, which in turn hampered our mfg & exports, which then lead to the absolute EVAPORATION of any liquidity in the economy.
Basically Flagler & Kwy West are to blame!Comment -
nyplayer33Restricted User
- 09-27-06
- 8303
#6I rent at 600 month incl wifi n direct TV......in a good complexComment -
Sanity CheckSBR Posting Legend
- 03-30-13
- 10962
#7You know I read & studied that a lot in my poly science courses in college
It wasn't the stock market that sank the world, it was Flagler building his railroad to Key West and the subsequent Florida RE boom, which was then leveraged to buy stocks to build it....once the liquidity crisis hit, Hoover (as a strict Constirutionalist) did not intervene in our free markets, but rather recalled loans and lending programs extended to postvWW1 Germany, which in turn hampered our mfg & exports, which then lead to the absolute EVAPORATION of any liquidity in the economy.
Basically Flagler & Kwy West are to blame!
It helps to know, glass steagall was removed in 1999.
Something predictable occurred less than 10 years later....Comment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#8
Buy the investment bankers made a fortune off those assets as they divided them up into multiple securitiesComment -
Sanity CheckSBR Posting Legend
- 03-30-13
- 10962
#9And that's just the tip, liberals will NEVER understand that the racial pressure to find a funding source for underperformed or unbankable (BLACKS) required a new source of higher interest backers. IE the investment banks and their wizards created the default swaps...all so blacks could buy houses they couldn't afford.
Buy the investment bankers made a fortune off those assets as they divided them up into multiple securities
It sounds like you're going full Ilhan Omar to me bruh
Never go full Ilhan Omar
Comment -
jackpot269SBR Posting Legend
- 09-24-07
- 12842
#10You do see the correlation of inflation to this right?
Fund managers cannot:
1- invest in bonds
2- invest in real estate
3- invest in gold/ silver
4- invest in foreign currency
Ergo, US equities are at an all time high, yet the SP500 is literally 25% Apple/Microsoft/Google/Amz/FB
Of the other 495 companies, 20% LOST money last year lol
The entire thing is 1 tapering decision away from imploding...I would HATE to be overweight in anything right now, especially spec things like crypto.
What is going to happen when rates go up 50 basis points in next few years and 75% of homes are underwater?
Oh yeah...2009.Comment -
Sanity CheckSBR Posting Legend
- 03-30-13
- 10962
#11And that's just the tip, liberals will NEVER understand that the racial pressure to find a funding source for underperformed or unbankable (BLACKS) required a new source of higher interest backers. IE the investment banks and their wizards created the default swaps...all so blacks could buy houses they couldn't afford.
Buy the investment bankers made a fortune off those assets as they divided them up into multiple securities
More serious response.
I seem to remember bank stocks worth $0.03 before the TARP bailout. Being worth $3.00 after the TARP bailout.
100 x potential gains.
It was a serious crisis, yet there were also many opportunities created by the crisis which normal and average people could be a part of.
Maybe one positive message to focus on moving forward.Comment -
EbumdudeSBR MVP
- 11-15-12
- 2189
#12Very informative thread.Comment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#13More serious response.
I seem to remember bank stocks worth $0.03 before the TARP bailout. Being worth $3.00 after the TARP bailout.
100 x potential gains.
It was a serious crisis, yet there were also many opportunities created by the crisis which normal and average people could be a part of.
Maybe one positive message to focus on moving forward.
That is the difference in modern philosophy and really why we have a 2 party system....1 party is "bigger Government", one party is "starve the government till it dies"
There is no middle ground. Libs expand it...Republicans will cut off the funding for it...or it'll just go bankrupt.Comment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#14The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will eliminate the 50 basis point “Adverse Market Refinance Fee” for loan deliveries effective August 1.
50 basis points seems to be the point of no return for most non jumbo borrowers....it's the 'legislative cutoff' so to speak.
I should have said 75% of home purchases since 2013 (end of Tarp)... I'd see that point in time as the basis of the modern homeowners equity.
Not many have 10+ years at a placeComment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#15You do see the correlation of inflation to this right?
Fund managers cannot:
1- invest in bonds
2- invest in real estate
3- invest in gold/ silver
4- invest in foreign currency
Ergo, US equities are at an all time high, yet the SP500 is literally 25% Apple/Microsoft/Google/Amz/FB
Of the other 495 companies, 20% LOST money last year lol
The entire thing is 1 tapering decision away from imploding...I would HATE to be overweight in anything right now, especially spec things like crypto.
What is going to happen when rates go up 50 basis points in next few years and 75% of homes are underwater?
Oh yeah...2009.
First off, I'm in no ways an expert on anything finance related.
But, Funds can't invest in bonds? 2/3 of the national debt is held by us. Meaning, investors for mutual funds. Some of the top holders are privately held by investors, hedge funds, institutions. Mutual funds aka 401k and IRA plans invest in bonds, aka treasuries: Bills/Bonds/Notes.
State and local governments invest in treasuries too.
Along with pension plans for State/Local/County and Federal employees.
Private pension funds invest in treasuries, aka, Teamsters and UAW, etc. etc.
Insurance companies invest in treasuries.
As weird as this will sound, even US Savings Bonds invest in treasuries.
Oh, and that whole China owns us thing that is regurgitated over and over across the internet, is blown out of proportion.
About a 1/3 of US debt is held by foreign investors. Be it individuals or foreign funds/banks/etc. and/or local and state governments.
At some point in past decade or so China has pulled to the top of that 1/3. But just because they are at the top of the 1/3 debt held by foreign investors, doesn't mean they own the whole 1/3.
Without going through the whole list, just off the top, it's China, Japan, Brazil, UK, Ireland, Switzerland, Luxemburg, Cayman Islands(odd, i know), Hong Kong, Belgium, Saudi Arabia, Taiwan, India, Singapore, France, and on and on down the list.
4 years ago, the amount of the national budget that went towards making the payments due on interest of the treasuries, aka: bills/bonds/notes was about 8% , and that was just to keep the interest paid that's due - NOT to put a dent in the debt, just to keep from defaulting.
Now it's estimated that it's up to 9%, possibly pushing 10% of the national budget. DOD/SS/SSI/Medicare/Medicaid take up close to 85% of the national budget. So after we toss in the interest payments on the treasuries there's not much left to run the 1000 other departments of the gov.
So the weekly federal tax line on our paychecks - a good chunk of that goes to helping pay the interest due on treasuries so that peoples 401k's, IRA's, Pensions, etc. earn money on those investments.
"Fund managers cannot:
1- invest in bonds -? - there are funds run by the likes of Fidelity and Vanguard, and many others that are dedicated solely to investing in treasuries.
2- invest in real estate - ? - REIT's? Again, there are funds solely, and mixed, that invest in real estate.
3- invest in gold/ silver - ? - see above
4- invest in foreign currency - ? - see above
I read where inflation of the past, like late 70s and early 80s and again briefly in early 00's, and after the 08-09 fallout from the mortgage and auto fiasco - that in those instances, inflation rose and GDP shrunk - where right now is different - there's inflation, yet the GDP keeps growing.
"What is going to happen when rates go up 50 basis points in next few years and 75% of homes are underwater?"
Fixed rate mortgages?
Edit: And I'm not gonna look up all Fortune 500 companies and try to look for the 20% that allegedly lost money last year. But that seems high. Lost money? As in earnings were slightly less than 2019's? Or that the stock price slightly dropped year over year?Last edited by louisvillekid; 11-01-21, 09:02 PM.Comment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#16??????
First off, I'm in no ways an expert on anything finance related.
But, Funds can't invest in bonds? 2/3 of the national debt is held by us. Meaning, investors for mutual funds. Some of the top holders are privately held by investors, hedge funds, institutions. Mutual funds aka 401k and IRA plans invest in bonds, aka treasuries: Bills/Bonds/Notes.
State and local governments invest in treasuries too.
Along with pension plans for State/Local/County and Federal employees.
Private pension funds invest in treasuries, aka, Teamsters and UAW, etc. etc.
Insurance companies invest in treasuries.
As weird as this will sound, even US Savings Bonds invest in treasuries.
Oh, and that whole China owns us thing that is regurgitated over and over across the internet, is blown out of proportion.
About a 1/3 of US debt is held by foreign investors. Be it individuals or foreign funds/banks/etc. and/or local and state governments.
At some point in past decade or so China has pulled to the top of that 1/3. But just because they are at the top of the 1/3 debt held by foreign investors, doesn't mean they own the whole 1/3.
Without going through the whole list, just off the top, it's China, Japan, Brazil, UK, Ireland, Switzerland, Luxemburg, Cayman Islands(odd, i know), Hong Kong, Belgium, Saudi Arabia, Taiwan, India, Singapore, France, and on and on down the list.
4 years ago, the amount of the national budget that went towards making the payments due on interest of the treasuries, aka: bills/bonds/notes was about 8% , and that was just to keep the interest paid that's due - NOT to put a dent in the debt, just to keep from defaulting.
Now it's estimated that it's up to 9%, possibly pushing 10% of the national budget. DOD/SS/SSI/Medicare/Medicaid take up close to 85% of the national budget. So after we toss in the interest payments on the treasuries there's not much left to run the 1000 other departments of the gov.
So the weekly federal tax line on our paychecks - a good chunk of that goes to helping pay the interest due on treasuries so that peoples 401k's, IRA's, Pensions, etc. earn money on those investments.
"Fund managers cannot:
1- invest in bonds -? - there are funds run by the likes of Fidelity and Vanguard, and many others that are dedicated solely to investing in treasuries.
2- invest in real estate - ? - REIT's? Again, there are funds solely, and mixed, that invest in real estate.
3- invest in gold/ silver - ? - see above
4- invest in foreign currency - ? - see above
I read where inflation of the past, like late 70s and early 80s and again briefly in early 00's, and after the 08-09 fallout from the mortgage and auto fiasco - that in those instances, inflation rose and GDP shrunk - where right now is different - there's inflation, yet the GDP keeps growing.
"What is going to happen when rates go up 50 basis points in next few years and 75% of homes are underwater?"
Fixed rate mortgages?
Edit: And I'm not gonna look up all Fortune 500 companies and try to look for the 20% that allegedly lost money last year. But that seems high. Lost money? As in earnings were slightly less than 2019's? Or that the stock price slightly dropped year over year?
It's all fake money bud. Over inflated...
As for fund mgrs. Bond yields are -$ in Europe and $0 % in USA. Government treasuries are tied to inflation usually but current US yields will be negative this year.
You think there's 1 swinging dikk on Wall Street who's going to manage a portfolio that has a 0 yield? LOL....not happening.
The ONLY entity buying bonds is the Federal Reserve....it's all free money. The Government has decided it will just print itself out of it...but noone w half a brain owns bonds & no funds buy treasuries and as u saw corporate debt is super risky because companies are dying in America under Biden. DYING
you try booking a flight yet?
Bidens AmericaComment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#17Government of the people should not be creating crisis nor dictating winners & losers
That is the difference in modern philosophy and really why we have a 2 party system....1 party is "bigger Government", one party is "starve the government till it dies"
There is no middle ground. Libs expand it...Republicans will cut off the funding for it...or it'll just go bankrupt.
I think the old saying is......Dems, tax and spend. Repubs, tax less, and spend even more.Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#18<a rel='nofollow' href='https://postimg.cc/4HvGjZ3t' target='_blank'><img src='https://i.postimg.cc/Zn2qB5tf/Screenshot-20211101-210612-Samsung-Internet.jpg' border='0' alt='Screenshot-20211101-210612-Samsung-Internet'/></a>
It's all fake money bud. Over inflated...
As for fund mgrs. Bond yields are -$ in Europe and $0 % in USA. Government treasuries are tied to inflation usually but current US yields will be negative this year.
You think there's 1 swinging dikk on Wall Street who's going to manage a portfolio that has a 0 yield? LOL....not happening.
The ONLY entity buying bonds is the Federal Reserve....it's all free money. The Government has decided it will just print itself out of it...but noone w half a brain owns bonds & no funds buy treasuries and as u saw corporate debt is super risky because companies are dying in America under Biden. DYING
you try booking a flight yet?
Bidens America
Well, no poopy.
That's the ride we've all agreed to be on. Capitalistic system with a sprinkle of social programs into the mix.Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#19
Comment -
JIBBBYSBR Aristocracy
- 12-10-09
- 83686
#20Best time to sell is when stocks and anything else have reached all time historic highs!! I concur..
This economy is shaky as hell here going forward especially with Biden and Dems still in charge.
CASH IS KING during and when economic crashes happen.Comment -
edawgSBR MVP
- 07-09-11
- 2820
#21I just sold a bunch of stuff then got a nice revolver for my woman. Sometimes I miss her and the guy wants to give her back but I tell you what that gun is awesome 👌Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#22
Misleading as f*#k is an understatement.
How da F is the writer gonna lead off talking about Fortune 500 money-losing companies and then start pointing out the losers from the 1500 and S&P Completion Indexes. WTF?!
There is nothing pointed out in that article that hasn't went on throughout the history of stocks.
The writer trying to make a case that this or that company doesn't deserve to be valued at X amount, all because they're still losing money, and expected to for the next X amount of years, but that's what angel investors, seed investors, venture capitalists, hedge funds, etc are all in the long game for, in order to hopefully cash out bigly big.
Amazon was notorious for not being "profitable" for years. Companies are always going to use every trick, err, tax code, allowed in the book(s) in order to make their companies look like their not profitable. Plus companies can roll over that debt, year over year, all while claiming even more loss on the EBITDA and just keep compounding it all.
I worked at a company from 2011 to 2014, it went public in late 2013. From the time it was created(I think 2005ish) it just kept growing in size and volume, yet was considered to be losing money. The stock opened around $17-18 and was an under $5 for most of the following year of the IPO. I think it's now around 70ish, AND I think it's financials still have it losing money, yet revenue just keeps growing. Over the years, even when I was there - they just kept buying their competitors, which cost money.
The article touches on the AMC stock. Yea, it's probably not worth what's it's listed. Same with Gamestop. The little guys, aka day traders(or "retail traders", I'd never heard of day traders referred to as retail traders till the whole reddit/GME shenanigans) got a small victory back then.
The talking heads on finance shows and stock commentators all went to bat tryin to change that narrative, and still are. People kept saying "But it's not worth the price these reddit kids are pushing the price upwards at."
Duh. No zhit. One of them found a loop hole and got enough others ones to help exploit it. Loophole being that - Hedge funds were massively over shorting it(GME) and others like AMC - and the total amount of shares being shorted exceeded the total amount of ALL shares in existence, by a huge amount.
Hedge funds gamble all the time. That show Billions(along with other movies and TV shows over the years) is based around the cut-throat debauchery.
But this time they got caught in a screwy situation. When those short orders came time to make the call, they had to pay dearly to cover, because the "retail traders" had hoarded real shares, and after that it was at what cost would these hedge funds were willing to pay for the shares to cover their positions.
The finance world, or talking heads and mouthpieces for them on the finance/stock TV shows just kept saying things like "It's not right. These day traders don't understand the financials behind these stocks. They're not worth the price they are driving them up to." And other similar lines.
It was like: NO, you don't like that the little guys got one over on the big boys. To my knowledge no one leading the charge on reddit was misleading people saying that this stock was primed to turn it around financially, and therefor grow in value. NO! One dude pointed out the dates of when the short orders would need to be called or covered, and that the total amount in short positions totally exceeded the amount of shares in existence. Some other people double checked his analysis and conferred that it made sense. After that it was game on - not game stop.(yes, zhitty pun intended.) And the reddit crowd just kept buying up shares and waited for the perfect storm to arrive.
Remember at the end of the movie The Big Short, they mentioned how even with new regulations that were put in place to try and prevent what happened with the mortgage and auto crisis, that lobbyists were already working for the finance world to finagle less restrictions on things. Saying it was only a matter of time before another financial crisis would arise.
People always say money never sleeps.
Finance world is always never gonna stop trying to find new ways to bundle, package, trade, invest, short, on whatever they think they can screw someone else into holding the empty bag at the end of the line.
I'm not even gonna touch on Trump's businesses and how he's benefitted from tax codes. That's the basis of the whole NY lawsuits.
Trump more or less basically bragged about not paying taxes, or very little - and still refused to even show them.
Amazing how people almost immediately after Trump won in 2016, were bragging within the year about how much money they were making and how their 401k's were at all time highs.[ Let's leave out any yearly raises due, and the idea of the stock market is to RISE HIGH!(Hail Capitalism!)] My FB page was constantly full of posts by people I haven't seen in years from grade school and/or HS just blabbering about how much money they had, and had never been richer in all their lives.
It was like, Really? In less than one years time you are magically the wealthiest you've ever been? Fast forward to 2021 now the same people are suddenly broke.
Gas goes up a buck, and a meal that used to cost someone $5, is now $6.50 to $7 - and all of the sudden everyone's broke again. Yet wages keep increasing and stock market is doing whatever it does, which at the moment is still RISING HIGH!
From that article:
"S&P 500 companies are supposed to be worth the present value of their future. But investors are rushing to lavish multibillion dollar values on some chronic money-losing companies.
Thirteen money-losing companies in the S&P 1500 and S&P Completion indexes, including technology firms Snowflake (SNOW) and Affirm Holdings (AFRM) plus AMC Entertainment (AMC), carry lofty valuations of more than $25 billion. And that's despite them all posting adjusted net losses in the past 12 months. Analysts also think all these companies will lose money again in calendar 2022.
Seeing money-losing companies command such lofty valuations is one of the most noticeable signs of this "fear of missing out" market. Investors appear willing, in these cases, to give up the security blanket of profitability they're getting with some S&P 500 companies.
Multibillion Dollar 'Meme Mania?"
It's a banner year for S&P 500 profits. But a surprising number of companies are still in the red.
More than 40% of the companies in the S&P 1500 and S&P Completion indexes, or 1,587 in total, lost money in the past 12 months. And nearly 800 companies, or 20% of the universe, lost money not only in the past 12 months, but expect to lose money again in 2022."
Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#23And that's just the tip, liberals will NEVER understand that the racial pressure to find a funding source for underperformed or unbankable (BLACKS) required a new source of higher interest backers. IE the investment banks and their wizards created the default swaps...all so blacks could buy houses they couldn't afford.
Buy the investment bankers made a fortune off those assets as they divided them up into multiple securities
And even when they persevere and are able to purchase a home, the system tries to screw them out of fair value.
Comment -
JIBBBYSBR Aristocracy
- 12-10-09
- 83686
#24^ Borrowing power, Creddit ratings, current savings and current income is color blind. Just saying.
Can't over extend yourself though just because you want that dream house or even a fancy expensive car..Comment -
bigtymer56SBR MVP
- 07-31-12
- 4742
#27Did you even read this article that you used a snippet quote from?
Misleading as f*#k is an understatement.
How da F is the writer gonna lead off talking about Fortune 500 money-losing companies and then start pointing out the losers from the 1500 and S&P Completion Indexes. WTF?!
There is nothing pointed out in that article that hasn't went on throughout the history of stocks.
The writer trying to make a case that this or that company doesn't deserve to be valued at X amount, all because they're still losing money, and expected to for the next X amount of years, but that's what angel investors, seed investors, venture capitalists, hedge funds, etc are all in the long game for, in order to hopefully cash out bigly big.
Amazon was notorious for not being "profitable" for years. Companies are always going to use every trick, err, tax code, allowed in the book(s) in order to make their companies look like their not profitable. Plus companies can roll over that debt, year over year, all while claiming even more loss on the EBITDA and just keep compounding it all.
I worked at a company from 2011 to 2014, it went public in late 2013. From the time it was created(I think 2005ish) it just kept growing in size and volume, yet was considered to be losing money. The stock opened around $17-18 and was an under $5 for most of the following year of the IPO. I think it's now around 70ish, AND I think it's financials still have it losing money, yet revenue just keeps growing. Over the years, even when I was there - they just kept buying their competitors, which cost money.
The article touches on the AMC stock. Yea, it's probably not worth what's it's listed. Same with Gamestop. The little guys, aka day traders(or "retail traders", I'd never heard of day traders referred to as retail traders till the whole reddit/GME shenanigans) got a small victory back then.
The talking heads on finance shows and stock commentators all went to bat tryin to change that narrative, and still are. People kept saying "But it's not worth the price these reddit kids are pushing the price upwards at."
Duh. No zhit. One of them found a loop hole and got enough others ones to help exploit it. Loophole being that - Hedge funds were massively over shorting it(GME) and others like AMC - and the total amount of shares being shorted exceeded the total amount of ALL shares in existence, by a huge amount.
Hedge funds gamble all the time. That show Billions(along with other movies and TV shows over the years) is based around the cut-throat debauchery.
But this time they got caught in a screwy situation. When those short orders came time to make the call, they had to pay dearly to cover, because the "retail traders" had hoarded real shares, and after that it was at what cost would these hedge funds were willing to pay for the shares to cover their positions.
The finance world, or talking heads and mouthpieces for them on the finance/stock TV shows just kept saying things like "It's not right. These day traders don't understand the financials behind these stocks. They're not worth the price they are driving them up to." And other similar lines.
It was like: NO, you don't like that the little guys got one over on the big boys. To my knowledge no one leading the charge on reddit was misleading people saying that this stock was primed to turn it around financially, and therefor grow in value. NO! One dude pointed out the dates of when the short orders would need to be called or covered, and that the total amount in short positions totally exceeded the amount of shares in existence. Some other people double checked his analysis and conferred that it made sense. After that it was game on - not game stop.(yes, zhitty pun intended.) And the reddit crowd just kept buying up shares and waited for the perfect storm to arrive.
Remember at the end of the movie The Big Short, they mentioned how even with new regulations that were put in place to try and prevent what happened with the mortgage and auto crisis, that lobbyists were already working for the finance world to finagle less restrictions on things. Saying it was only a matter of time before another financial crisis would arise.
People always say money never sleeps.
Finance world is always never gonna stop trying to find new ways to bundle, package, trade, invest, short, on whatever they think they can screw someone else into holding the empty bag at the end of the line.
I'm not even gonna touch on Trump's businesses and how he's benefitted from tax codes. That's the basis of the whole NY lawsuits.
Trump more or less basically bragged about not paying taxes, or very little - and still refused to even show them.
Amazing how people almost immediately after Trump won in 2016, were bragging within the year about how much money they were making and how their 401k's were at all time highs.[ Let's leave out any yearly raises due, and the idea of the stock market is to RISE HIGH!(Hail Capitalism!)] My FB page was constantly full of posts by people I haven't seen in years from grade school and/or HS just blabbering about how much money they had, and had never been richer in all their lives.
It was like, Really? In less than one years time you are magically the wealthiest you've ever been? Fast forward to 2021 now the same people are suddenly broke.
Gas goes up a buck, and a meal that used to cost someone $5, is now $6.50 to $7 - and all of the sudden everyone's broke again. Yet wages keep increasing and stock market is doing whatever it does, which at the moment is still RISING HIGH!
From that article:
"S&P 500 companies are supposed to be worth the present value of their future. But investors are rushing to lavish multibillion dollar values on some chronic money-losing companies.
Thirteen money-losing companies in the S&P 1500 and S&P Completion indexes, including technology firms Snowflake (SNOW) and Affirm Holdings (AFRM) plus AMC Entertainment (AMC), carry lofty valuations of more than $25 billion. And that's despite them all posting adjusted net losses in the past 12 months. Analysts also think all these companies will lose money again in calendar 2022.
Seeing money-losing companies command such lofty valuations is one of the most noticeable signs of this "fear of missing out" market. Investors appear willing, in these cases, to give up the security blanket of profitability they're getting with some S&P 500 companies.
Multibillion Dollar 'Meme Mania?"
It's a banner year for S&P 500 profits. But a surprising number of companies are still in the red.
More than 40% of the companies in the S&P 1500 and S&P Completion indexes, or 1,587 in total, lost money in the past 12 months. And nearly 800 companies, or 20% of the universe, lost money not only in the past 12 months, but expect to lose money again in 2022."
https://www.investors.com/etfs-and-f...orth-billions/Comment -
thechaozSBR Posting Legend
- 10-23-09
- 12154
#28No...
No they aren'tComment -
MinnesotaFatsSBR Posting Legend
- 12-18-10
- 14758
#29<a href='https://postimg.cc/8JjhC8Cb' target='_blank'><img src='https://i.postimg.cc/V6F4DmQ2/Screenshot-20211102-170855-Samsung-Internet.jpg' border='0' alt='Screenshot-20211102-170855-Samsung-Internet'/></a>
L-Kid
The market is over valued by 200%
It's all bull shit. There is 0 organic growth and the true value of companies is probably the 2014 value.
I've cited you the reasons, the statements, some facts and the politics (racial yes) as to why we are in this mess.
Here's the next hard fact....that 09 recession caused by black loans was the black communities last hope.
Minority programs going forward will be Latino based. Black America is absolutely finished. The next generation of black men is finished from birth. It's sad, but true. Hispanics are the new leading Minority and they will take over the minority legislation & caucus.
The black voice has 2 choices going forward....align w the GOP along values and tradition or basically die a slow death in the Dem party behind the gays & Hispanics and single woman.Comment -
JIBBBYSBR Aristocracy
- 12-10-09
- 83686
#30Liquidation not a bad idea right now. We got 3 more years to go under Joe Biden what could possibly go wrong?Comment -
louisvillekidSBR Hall of Famer
- 08-14-07
- 9262
#31<a rel='nofollow' href='https://postimg.cc/8JjhC8Cb' target='_blank'><img src='https://i.postimg.cc/V6F4DmQ2/Screenshot-20211102-170855-Samsung-Internet.jpg' border='0' alt='Screenshot-20211102-170855-Samsung-Internet'/></a>
L-Kid
The market is over valued by 200%
It's all bull shit. There is 0 organic growth and the true value of companies is probably the 2014 value.
I've cited you the reasons, the statements, some facts and the politics (racial yes) as to why we are in this mess.
Here's the next hard fact....that 09 recession caused by black loans was the black communities last hope.
Minority programs going forward will be Latino based. Black America is absolutely finished. The next generation of black men is finished from birth. It's sad, but true. Hispanics are the new leading Minority and they will take over the minority legislation & caucus.
The black voice has 2 choices going forward....align w the GOP along values and tradition or basically die a slow death in the Dem party behind the gays & Hispanics and single woman.
I. GOT. Nothing.
I'm tapping out of this thread.
I was gonna give a few links from simple google searches from various articles from the past showing that companies, particularly in the Fortune 500, are always being reported as "over-inflated."
But this is too absurd for me to even waste brain energy on.Comment
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