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Just 3 months ago many people thought the markets could potentially bounce back (e.g. if the ukraine conflict didn't escalate and if inflation came down on its
by cj 4y ago
Just 3 months ago many people thought the markets could potentially bounce back (e.g. if the ukraine conflict didn't escalate and if inflation came down on its own - neither of which happened).
Not so long ago, CNBC was still talking about the probability of a recession a quoting probability percentages less than 50%.
I think the reality is that 2-4 months ago, very few people thought things would get as bad as they are right now.
In an environment of extremely high unpredictability, sometimes week-by-week decision making is the only way to operate. Re: your point on publicity, I think they will get less negative publicity now that they're announcing layoffs after many other companies have already done the same
- pid-1 4y agoHedges started shorting the S&P 500 in 2021. Surely if you are a high level executive, your data shouldn't come from CNBC.
- mrits 4y agoTechnically they started years before that and lost a lot of money. If you are a high level executive, your data shouldn't come from hedge funds.
- anotherfounder 4y agoUm, just a month ago, in the earnings call, he reiterated continuing to grow and invest. For those following the markets and economy closely (like any public company CEO should), literally nothing in the last month has been a much of a surprise. So, to go from, 'we're so totally gonna hire to' to 'pause' to 'cancel' to 'fire' in a month doesn't seem to inspire much confidence in them.