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Stock market has been in a slump all year, crypto down huge. Close to 100k layoffs in tech (according to layoffs.fyi). I think people got other things on their
by adoxyz 4y ago
Stock market has been in a slump all year, crypto down huge. Close to 100k layoffs in tech (according to layoffs.fyi). I think people got other things on their mind than trading stocks/crypto.
- anon23anon 4y agohow times have changed
- toomuchtodo 4y agoThe Fed giveth, the Fed taketh away.
- funstuff007 4y agowell, not too much. The balance sheet is still within 97.5% of its all time high. I would like to see a good model of Fed Funds X and Balance Sheet Y = Z amount of stimulus. https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
- deleted 4y ago[deleted]
- micah94 4y agoYeah, I'll believe the "tightening" when I see it. Balance sheet still astronomically high. Banks are not being forced to hold dollars. Current Govt Admin spending like drunken sailors. The only difference is we have higher interest rates which is straining regular people. It's a race to see if inflation actually comes down or economy goes to shit. Or both together all at once?
- newaccount2021 4y ago
- funstuff007 4y agoWell, they kept it running long enough for the VC's to get their cash out.
- iepathos 4y agoIronically, it's probably best to buy stocks and crypto when they are in valleys like this rather than at peaks. The unemployment rate is still only 3.5% in the US, so anyone getting laid off is being hired back almost immediately with very little slack. The Fed would actually prefer to see higher unemployment around 6% to better manage inflation so they'll keep interest rates high until they see that happen.
- deleted 4y ago[deleted]
- zapt02 4y agoThe problem is that many people has less money to go around due to cost of goods and interest rates rising, so it's harder than ever to take advantage of lower stock market prices.
- notch656a 4y agoTime that market.
- Retric 4y agoYou can cost dollar average without timing anything. Essentially you discover after the fact what was the best time to invest. Which is surprisingly hard to pull off long term as most people are forced to take money out when they run into financial issues which then correlates with down markets.
- conorcleary 4y agoAverage down and buy the dip are real.
- 2OEH8eoCRo0 4y agoSomeone I know kept averaging down and put in everything that he had as the dotcom bubble was bursting.
- yrgulation 4y ago“In 2022, there were around 1.63 million software developers and software quality assurance (QA) workers employed in the United States.”. I doubt its the tech layoffs that did it. Maybe the cost of leaving exploding led to less disposable income meaning less people willing to gamble. Also why risk your money when everything seems to be going under?
- xeromal 4y agoCash is also shrinking. Loads of new investors existed thanks to the government stimulus payments. My memory is failing me but I read that after the first few stimulus checks, savings went up 33% for the average american household. (I honestly don't know what the 33% was about but it was a positive change). That's pretty much all wiped out as people lost money. I think that glut of investment was just a temporary thing
- ramesh31 4y agoNFTs suddenly now the Beanie Babies they always were.
- spaceman_2020 4y agoIt's also the volatility. Wild swings within days and weeks. And general uncertainty about the direction of the market. The toughest trading environment for retail traders.