There is no choice anyway: money is loosing buying power by the day and after two days of anger people will realize that it may be better to have a share of the company who sells products for inflated prices than to only be the guy who buys from them.
I think so, at least since somewhere in 2023. In 2022, every single class of assets fell in value by a large margin, aside from residential real estate, still buoyed by the abnormally low interest rate environment of the two years preceding back to the pandemic.
2023 even began with a small “banking crisis” in regional banks. Hiring began to slow across many industries, aside from healthcare and government.
In 2024, the economy felt frozen in place, with the notable exception of stocks and other assets, holding their value or marching relentlessly upwards, inexplicably and fully detached from fundamentals.
2025 has introduced a massive downturn in stocks over 6-8 weeks, followed by a massive move upwards, recovering all that was lost, plus. Tariffs being the driver of that initial downturn, continued profitable quarterly results and mega-deals centering around AI and data center deals.
Jobs growth for 2024 into 2025 recently revised downward heavily, by a million jobs.
We have a confounding situation.
Fuck my life, -10% on my portfolio in two days is fucking brutal. Thats still not going to stop me from buying calls every day from now until the end of time. Even when I’m 85 with dementia I’ll be there in the hospital buying calls.
Yes. Its either this narrative or believing AI is actually effectively replacing people at large scales. And given chatgpt told me two days ago that pasta should be boiled in milk, I am betting on the first one.
I either have a gambling problem or poor risk aversion. Not sure if there’s a difference.
Think I’m gona stop funding my account for the next month or two and just let my -80% 11/21 NVDA calls ride off into the sunset.