I hope we have a next year. This election stuff is going to put a hamper on things in a positive or negative way. I foresee a massive stock dump right before the elections myself. (honestly at this point I just hope we make it through 2024).
Stocks, Investing and Retirement Accounts
- Thread starter Ludacris
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- finance investments money stock
lol you just can't enjoy it.
Doubtful. It's called they need money for their space companies and underground bunkers. When Elon sells Tesla shares it isn't because he thinks the market is going to tank, it's to fund various other companies he needs money for. The real reason for Meta going up was their stock was cheap compared to the other mega cap tech stocks, they delivered huge earnings compared to the estimates, and they have a lot of AI (llama) hype. Plus announcing the dividend was reason for approximately half of the gain.
These guys have so much company stock that them selling millions is a drop in the bucket. They still have millions and billions left that will keep compounding until the government steps in and breaks the mega cap tech companies up.(don't hold your breath).
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Piggybacking off that last comment, seems like the next big thing will be the space race. Elon talks about space travel more than cars, and Bezos is spending big money on it as well with Blue Origin as they seem to have somewhat of a friendly (so far) rivalry going to beat each other.
When Space X does an IPO, that will be a very very hot stock.
When Space X does an IPO, that will be a very very hot stock.
And prices of houses going up 20% further making things worse. But guess what they say: strong economy, low unemployment, inflation stabilized, why are people unhappy? Gee, I wonder.
Yep and worse is they are making record profits and how do they respond? By laying off people to increase profits. I know those that say companies hired way too many pople during covid so it's normal but if profits are record high, inflation and cost of everything is record high how is that helping? Oh and debt is all time high. A reset in some way is needed.
Amazing that in this small little window they dumped their stock and now look at today.
Jensen Huang CEO of Nvidia sold $42.8 million worth of shares back in September at $466 per share. Today Nvidia is $720 per share. He's one of the smartest guys around. They don't know anything in regards to the stock market.
Exactly where we were two years ago in the S&P. Not like it was some unrealistic place.
Except the world is collapsing at a rapid rate this time. Bad combination.