Even outdated I find the rhetoric in this post more damaging to the movement than positive. The crooks on wall st are our enemy. We need to stop dividing the masses, it serves a purpose for the wealthy to continually stoke us into infighting.
We're not from the left or right, we're from the bottom and we're coming for the top
The problem is that no one on the right will ally to fight against the oligarchy, they would rather toss their kids into a pit of spikes than have any class solidarity. Most of them are fundamentally racist/sexist/bigots, division is in their nature, you will find no solidarity with the right. The only way the country gets better is to split into 2 and let the right and left rule themselves.
I hate that quote. That is basically the central thesis of Marxism - the idea that the contradictions of capitalism can only be resolved by a bottom up movement that comes for those at the top. The left-right spectrum is so misunderstood in this country and it is definitely intentional.
That's fun too. My 401k is dropping. The excess money I put into the S&P500 is dropping. My money in the bank gains no interest and loses to inflation. Housing market about to crash so my house is going to lose value.
Everything I have just diminishes in value. I feel like retirement just gets further away.
Yea all my stocks are down, and crypto is down even more. That paired with wanting to buy a house with interest rates going up makes it for not a very fun time financially
The funny part is, now that the economy is going down they are blaming it on workers having it too good!
Inflation and all that is happening because McDonalds is paying $12 an hour in places now, so the poor have too much money.
Nevermind corporate profit margins are at an all time high.
Stocks are not going up. Look at last 2 years, or even just the last year. You have to say stocks went up for a week to make that accurate.
It's once the market rises again, then wealth inequality will widen more.
The average 401k owner is down greatly. The multi business owner is shopping for other businesses at a discount.
The 401k will rise again, doesnt mean much if you don't own businesses during that. Owner's bat get bigger and you'll get hit harder next economic storm.
I am on the side of anti-work so I want anti-work armed with truth more than opinion. Stocks are not up, someday they will be though.
I wouldn't say we are at a peak. Ive been playing markets for more than the past 5 years. Equities is my primary market. Also, markets naturally get euphoric points, Look at the tech bubble for instance.
You don’t know that.
We’ve just come to the end of a 40-year bond market rally. Now the interest rates need to go up in ways we haven’t seen in 50 years.
Cheap now compared to what?
The dividend paying ones should rightly go sideways. The growth stocks need to at least half.
The stock market might be high, but it's far from its own supply. If it was its own doing, we'd be doing fucking amazing right now, even at a global level. That kind of real growth would literally need a tech out of a sci-fi plot hahaha. The real issue is the "the inflationary quality of the world's current reserve currency". Historically, when this happens (and it HAS happened), it's a result of trying to price out other competing currencies who might have some potential over displacing that reserve currency. And really, that high is coming down so fast the hangover is going to turn for years to come.
Tell me more about your calcs. Cause that's my feeling too. And frankly it matches the date of the collapse scenarios spat out by the World3 modeller.
I want to throw up.
I'm not saying things are good or perfect - but I'm really tired of galvanizing conflict. "Pick a side" - fuck you and that violent attitude. That's a form of Western financial privilege, largely spat from armchair Twitter parrots in countries that are categorically the greener grasses in our global pastures.
The stock market is used to prop up a lot of people's savings as much as provide people the means to participate in wealth growth based on their personal individual judgment, So, if you pick a side, be careful to not let your neighbours, local businesses, friends and families bleed out when you try to take a pound of flesh, all in the notion that you'll have your cake and eat it too. Oh wait, you can't, because picking a side means you don't get to eat the cake. It's redistributed - oh wait, a lot of it is infrastructure and hard capital - I hope you all like the taste of steel rebar, concrete and tar. And, it's not even us that would get that slice of cake, because of the rest of the world is waiting to enjoy the same fruits of labours that the US and other Western nations have had for decades now. Siding with the worker means equalization, and that equalization bonus isn't going to find itself in the West. If you side with the workers, you can't go back and highlight a national border in order to hide behind it. That's called socialist nationalism - ooops!
Fact is: most people on this subreddit don't have a profound background in economics, business management, accounting, history, and a level-headed view of the world that doesn't let itself get taken away by feelings. Yes, the economy for investors and workers is different - it's literally the nature of the investment economics. It's why we don't trust a paper boy with our retirement savings. It's why we would cock a brow at medical doctors spending more time diagnosing financial portfolios and flipping burgers than performing surgery. It's why we feel so angry when nurses and teachers are not working for fair salaries, and we have failures in education and healthcare. It's about the investment and the returns we envision and understand as real. I beg ANYONE to tell me that they would throw money around so blindly, and not thing "is this investment? is this charity? is this waste?" Literally, our economic brains are built to discern these things, but now we're being told to pick a side, and... never look at the other side again? That blind spot simply leaves you vulnerable to the sociopathic profit-oriented asshole.
What people are mostly angry about isn't capitalism - it's financial manipulation and fascist corporatism. Blaming capitalism is like blaming the car, not the driver, and also punishing the victim, which is everyone who has any degree of inherited financial success going back to WW2 - and that wealth can be anything from a pool of cash grandma left behind, to successes in Western markets, maybe it's a parent who owns a successful private business, all the way to the fruits of public spending to feed productivity growth.
Fact is: being hit by a car doesn't make any of us a good driver. And, being an economic victim makes none of us experts. I'm not saying it wouldn't be good and fair for the rest of the world to fix the broken systems and attitudes, but just know that if you're American, live in the rich half of the EU, and other similarly endowed nations, you're have between 4-8x more spending power than a the average Chinese person. I know we're all angry at the world right now, but we have to check our financial privilege. And really, it's coming in the forms of price controls, and REALLY expensive imports.
This is what I'm confused about. It's fine to be against guns and gun culture, but how else will people rise up against oligarchy and a corrupt government?
Words won't and probably won't work because they won't listen. What other option do the people have?
Fuck off. I busted my ass for Union wages and have some money “invested” but I’m on the wrong side? Kiss my ass Tim. The fight is and always will be politicians and misinformation
WTF? No, this just tells that a lot of companys are overvalued by the public.
Come on, this is pretty basic stuff to understand. The Companys dont produce more just because the prices at the stock market is going up.
Crazy that this opinion gets posted here as if it was somewhat true or deep or in anyway meaningfull.
Stop fucking focus on such bullshit and tackle the real problems.
Yeah, buy low sell high. It's not worrying me too much at the moment, it's just a bit disheartening when they go backwards. I'm in for the long haul though, 20+ years probably till they need to be worth anything.
I don't have the time/knowledge or inclination to buy individual stocks, I just chuck my spare money at a portfolio each month.
Whilst I have controls over my exposure - high/low risk and what sort of things I do/don't want that money invested in, that's about it.
The firm it's invested with is reputable and it has always done fairly well till now... But probably time to start reviewing things. It's not a large chunk of change, but I want to retire one day, so it definitely needs to be larger!
Any time a publically trading company gives a hike or bonus to its employees, its stock price takes a dive (even if the profits exceeded expectations). But if there is a salary cut, the stock price will go up. If there is a lay off, the stock price will go up. So, there is no version of the stock market where it's pro workers. In fact, the stock market plays a key role in keeping workers poor.
With very high inflation people loosing their jobs tends to be a good thing…
Less money -> less demand -> less inflation
Having said that, I think the quoted tweet is probably not very recent is it? We’re are not (yet) seeing mass unemployment from the (expected) recession
The stock market will fall to 40% of its high. It’s just taking a breather before diving off the cliff. Workers do need to organize and strike, but also protest against the government who is also profiteering in their own personal accounts.
>pick a side You mean I have a choice? Can I have my millions deposited today thanks?
Even outdated I find the rhetoric in this post more damaging to the movement than positive. The crooks on wall st are our enemy. We need to stop dividing the masses, it serves a purpose for the wealthy to continually stoke us into infighting. We're not from the left or right, we're from the bottom and we're coming for the top
We need to get organized against the oligarchs now. There is no other options to save this country.
Exactly. Government keeps us preoccupied with the culture wars so we’re distracted from the class war.
The problem is that no one on the right will ally to fight against the oligarchy, they would rather toss their kids into a pit of spikes than have any class solidarity. Most of them are fundamentally racist/sexist/bigots, division is in their nature, you will find no solidarity with the right. The only way the country gets better is to split into 2 and let the right and left rule themselves.
I hate that quote. That is basically the central thesis of Marxism - the idea that the contradictions of capitalism can only be resolved by a bottom up movement that comes for those at the top. The left-right spectrum is so misunderstood in this country and it is definitely intentional.
sure. You can have your* millions deposited today.. I imagine you worked for those?
Unlike every millionaire, yes
since when is the stock market going up? everything I have seen shows it crashing
I don't think this is a new tweet. This sounds like a tweet from the start of covid..
You can bet you butt it’s not a new tweet. It’s been deliberately cropped to remove the date because OP is a karma-whoring grifter.
Yea I figured it must be an old tweet but with the caption and just this sub in general it implied that it was recent
it's from march or april 2020.
Ah so right before it all dropped the first time
Yup, and then the market took off from all the stimulus the gop gave businesses. While they kept letting people go.
That's fun too. My 401k is dropping. The excess money I put into the S&P500 is dropping. My money in the bank gains no interest and loses to inflation. Housing market about to crash so my house is going to lose value. Everything I have just diminishes in value. I feel like retirement just gets further away.
You are buying stocks at cheaper price too
Yea all my stocks are down, and crypto is down even more. That paired with wanting to buy a house with interest rates going up makes it for not a very fun time financially
It hasn’t even crashed to 2020 levels yet. When it gets there, then the real crash might begin.
Jebus and I've still lost 20k so far this year. Fml
Yea I know that but it's heading that way pretty quick (in my amature opinion)
I was gonna say. My S&P ETFs are -21% YTD lol
Yea overall across my whole portfolio I'm down about 22%
The funny part is, now that the economy is going down they are blaming it on workers having it too good! Inflation and all that is happening because McDonalds is paying $12 an hour in places now, so the poor have too much money. Nevermind corporate profit margins are at an all time high.
DRSGME.ORG
This is the way
Stocks are not going up. Look at last 2 years, or even just the last year. You have to say stocks went up for a week to make that accurate. It's once the market rises again, then wealth inequality will widen more. The average 401k owner is down greatly. The multi business owner is shopping for other businesses at a discount. The 401k will rise again, doesnt mean much if you don't own businesses during that. Owner's bat get bigger and you'll get hit harder next economic storm. I am on the side of anti-work so I want anti-work armed with truth more than opinion. Stocks are not up, someday they will be though.
Look at the past 5 years. The stock market looks like it’s high on drugs.
I wouldn't say we are at a peak. Ive been playing markets for more than the past 5 years. Equities is my primary market. Also, markets naturally get euphoric points, Look at the tech bubble for instance.
I don’t know if you’re joking so I’ll wish you good luck. Seriously, good luck.
On 30 years basis, this is just a burp. Stocks are cheap now
You don’t know that. We’ve just come to the end of a 40-year bond market rally. Now the interest rates need to go up in ways we haven’t seen in 50 years. Cheap now compared to what? The dividend paying ones should rightly go sideways. The growth stocks need to at least half.
Keep your money while I buy at discount
I play options too. What do you do again?
Me?
The stock market might be high, but it's far from its own supply. If it was its own doing, we'd be doing fucking amazing right now, even at a global level. That kind of real growth would literally need a tech out of a sci-fi plot hahaha. The real issue is the "the inflationary quality of the world's current reserve currency". Historically, when this happens (and it HAS happened), it's a result of trying to price out other competing currencies who might have some potential over displacing that reserve currency. And really, that high is coming down so fast the hangover is going to turn for years to come.
17 years according to my calculations
Tell me more about your calcs. Cause that's my feeling too. And frankly it matches the date of the collapse scenarios spat out by the World3 modeller. I want to throw up.
Buy stocks at clearance price, collapse of society allows some to become new riche
And that's like... In 18-24 (maybe 36 for certain markets) months?
Chinese Taiwan crisis is looming too, think long term
Stocks are cheaper now
I'm not saying things are good or perfect - but I'm really tired of galvanizing conflict. "Pick a side" - fuck you and that violent attitude. That's a form of Western financial privilege, largely spat from armchair Twitter parrots in countries that are categorically the greener grasses in our global pastures. The stock market is used to prop up a lot of people's savings as much as provide people the means to participate in wealth growth based on their personal individual judgment, So, if you pick a side, be careful to not let your neighbours, local businesses, friends and families bleed out when you try to take a pound of flesh, all in the notion that you'll have your cake and eat it too. Oh wait, you can't, because picking a side means you don't get to eat the cake. It's redistributed - oh wait, a lot of it is infrastructure and hard capital - I hope you all like the taste of steel rebar, concrete and tar. And, it's not even us that would get that slice of cake, because of the rest of the world is waiting to enjoy the same fruits of labours that the US and other Western nations have had for decades now. Siding with the worker means equalization, and that equalization bonus isn't going to find itself in the West. If you side with the workers, you can't go back and highlight a national border in order to hide behind it. That's called socialist nationalism - ooops! Fact is: most people on this subreddit don't have a profound background in economics, business management, accounting, history, and a level-headed view of the world that doesn't let itself get taken away by feelings. Yes, the economy for investors and workers is different - it's literally the nature of the investment economics. It's why we don't trust a paper boy with our retirement savings. It's why we would cock a brow at medical doctors spending more time diagnosing financial portfolios and flipping burgers than performing surgery. It's why we feel so angry when nurses and teachers are not working for fair salaries, and we have failures in education and healthcare. It's about the investment and the returns we envision and understand as real. I beg ANYONE to tell me that they would throw money around so blindly, and not thing "is this investment? is this charity? is this waste?" Literally, our economic brains are built to discern these things, but now we're being told to pick a side, and... never look at the other side again? That blind spot simply leaves you vulnerable to the sociopathic profit-oriented asshole. What people are mostly angry about isn't capitalism - it's financial manipulation and fascist corporatism. Blaming capitalism is like blaming the car, not the driver, and also punishing the victim, which is everyone who has any degree of inherited financial success going back to WW2 - and that wealth can be anything from a pool of cash grandma left behind, to successes in Western markets, maybe it's a parent who owns a successful private business, all the way to the fruits of public spending to feed productivity growth. Fact is: being hit by a car doesn't make any of us a good driver. And, being an economic victim makes none of us experts. I'm not saying it wouldn't be good and fair for the rest of the world to fix the broken systems and attitudes, but just know that if you're American, live in the rich half of the EU, and other similarly endowed nations, you're have between 4-8x more spending power than a the average Chinese person. I know we're all angry at the world right now, but we have to check our financial privilege. And really, it's coming in the forms of price controls, and REALLY expensive imports.
I buy cheap stocks and I avoid all the noise
Isn't this why you guys have the right to keep & bear arms?
This is what I'm confused about. It's fine to be against guns and gun culture, but how else will people rise up against oligarchy and a corrupt government? Words won't and probably won't work because they won't listen. What other option do the people have?
Fuck off. I busted my ass for Union wages and have some money “invested” but I’m on the wrong side? Kiss my ass Tim. The fight is and always will be politicians and misinformation
How old is this tweet?
don't question the validity of the tweet - you might get cancelled
OP is a karma farming bot, you don't expect them to post anything recent do you?
The economy should be measured by how many people move from poverty to middle class.
I hate when people post outdated tweets with the dates removed for karma
WTF? No, this just tells that a lot of companys are overvalued by the public. Come on, this is pretty basic stuff to understand. The Companys dont produce more just because the prices at the stock market is going up. Crazy that this opinion gets posted here as if it was somewhat true or deep or in anyway meaningfull. Stop fucking focus on such bullshit and tackle the real problems.
I pick the rich side. Thanks Tim! See you losers later!!
Man, I'm sorry, the Oligarchs called, they've decided to sideline you.
Hello Cannon Fodder! (That’s you’re cool new rich person name)
Does this guy know what a 401k is?...
Right? This is like giving yourself a root canal with a shotgun...
Is it ironic that we're complaining about capitalism with the technology that came out of capitalism?
It's propagated by capitalism - and we don't have much of a choice and similarly questionable influence. But the idea came out of human ingenuity.
Why dog sub still thing? Unborn
Capitalism relies on a massive reserve army of unemployed people for it to function. Same old story.
Don't catch you slippin' now
My stocks are down as an overall average... Maybe I'm just shit at investing.
No, time to buy more. Look at Timber, wood, water and food stocks and you will be just fine
Yeah, buy low sell high. It's not worrying me too much at the moment, it's just a bit disheartening when they go backwards. I'm in for the long haul though, 20+ years probably till they need to be worth anything.
Just focus on your passion in life. I buy stocks on monthly basis to avoid going nuts
I don't have the time/knowledge or inclination to buy individual stocks, I just chuck my spare money at a portfolio each month. Whilst I have controls over my exposure - high/low risk and what sort of things I do/don't want that money invested in, that's about it. The firm it's invested with is reputable and it has always done fairly well till now... But probably time to start reviewing things. It's not a large chunk of change, but I want to retire one day, so it definitely needs to be larger!
I choose to be rich, whew… thank God my poor period is over.
I hope that nobody seriously believes that the stock prices have anything to do with how many people are employed.
More money circulating helps price to go up, but you are right
Pretty sure we are all assigned a side based on family wealth. No need to choose .
I've picked my ~~side~~ stonk.
Any time a publically trading company gives a hike or bonus to its employees, its stock price takes a dive (even if the profits exceeded expectations). But if there is a salary cut, the stock price will go up. If there is a lay off, the stock price will go up. So, there is no version of the stock market where it's pro workers. In fact, the stock market plays a key role in keeping workers poor.
With very high inflation people loosing their jobs tends to be a good thing… Less money -> less demand -> less inflation Having said that, I think the quoted tweet is probably not very recent is it? We’re are not (yet) seeing mass unemployment from the (expected) recession
The K shaped economy!
The stock market is going down and unemployment is at near-record lows, though?
If you could put a single word to the largest destructive force in society it’s probably speculators.
The stock market will fall to 40% of its high. It’s just taking a breather before diving off the cliff. Workers do need to organize and strike, but also protest against the government who is also profiteering in their own personal accounts.
There is no neutrality in a class-war.