Every US index is way up over the last 12 months. I don’t understand the market’s valuation of the few big players that are propping up the market but this recent correction isn’t anomalous. Obviously I have money in the markets so I wrote this defensive comment because I’m actually worried 😬
Guess what’s had a waaaaaay better return that the DJIA, over the last 12 months?
Oh, its gold, because a large chunk of the DJIA’s rise … has coincided with drops in the DXY, ie, the dollar is dying, and smart money is piling into gold so that it can later be deployed in… whatever global trade/monetary paradigm shakes out when this nonsense is over.
Oops, just about a 40% drop in DJI in the last 12 months, vs gold, nbd, everything’s fine.
Correct, all in on oingoboingbingobongocoin, preferably take out as many new credit cards as you can, all at once, cash advance, throw it all in derpyschmerpylurkyjerkycoin.
EDIT: I would like to point out that within about 24 hrs of this comment, apparently (?) Barron Trump, acting on insider information irt Suprise! New China Tariffs!, executed a series of short calls and made about $180 million for himself, and also tanked basically the entire crypto market, and seems to have directly caused a number of suicides.
Every US index is way up over the last 12 months. I don’t understand the market’s valuation of the few big players that are propping up the market but this recent correction isn’t anomalous. Obviously I have money in the markets so I wrote this defensive comment because I’m actually worried 😬
🫧🔜💥🫡
Guess what’s had a waaaaaay better return that the DJIA, over the last 12 months?
Oh, its gold, because a large chunk of the DJIA’s rise … has coincided with drops in the DXY, ie, the dollar is dying, and smart money is piling into gold so that it can later be deployed in… whatever global trade/monetary paradigm shakes out when this nonsense is over.
Oops, just about a 40% drop in DJI in the last 12 months, vs gold, nbd, everything’s fine.
I’m reading between the lines but basically what you’re saying is buy Dogecoin?
Correct, all in on oingoboingbingobongocoin, preferably take out as many new credit cards as you can, all at once, cash advance, throw it all in derpyschmerpylurkyjerkycoin.
EDIT: I would like to point out that within about 24 hrs of this comment, apparently (?) Barron Trump, acting on insider information irt Suprise! New China Tariffs!, executed a series of short calls and made about $180 million for himself, and also tanked basically the entire crypto market, and seems to have directly caused a number of suicides.
Stupid games, stupid prizes.