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> Market is going to new highs today The top 1% in American own more than 50% of the securities. Using the stock market as any sort of proxy for aggregate qual
by munificent 6y ago
> Market is going to new highs today
The top 1% in American own more than 50% of the securities. Using the stock market as any sort of proxy for aggregate quality of life for all Americans is like saying "Everyone must be doing great, caviar sales are through the roof!"
- SV_BubbleTime 6y agoThere is zero rationality in the market right now. Making good money on short term options but man this doesn’t seem “right”. Just looked at the stock and options for Boeing. Going to sit this one out. I would normally be ordering a put/short with this news, but the way things are going wouldn’t be surprised to see their stock rise. Nothing makes sense.
- marvy 6y agoYou probably stopped checking that thread by now, but I finally replied to your comment from the day before yesterday: https://news.ycombinator.com/item?id=23306317 https://news.ycombinator.com/item?id=23306317