this post was submitted on 10 Mar 2025
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[–] [email protected] 123 points 1 week ago (2 children)

The stock market is generally more of a "rich people's feelings" graph - very few Americans relatively are invested in any meaningful way, most if they are do so through a 401k or similar. That said, what "the market" hates most is uncertainty - and there's quite a lot of reasons to be uncertain at the moment between tariff threats and mass layoffs (not to mention geopolitical tensions).

Importantly though (and this is just a personal opinion) I think many stocks on the market are way overvalued. Executives and investors have used every trick in the book to "make a line go up", which means they aren't really operating on any business foundation designed for longevity or to withstand swings in the market. There's bubbles lurking in a lot of sectors. I'd guess at least some of this downwards momentum will be a market correction for some of these issues.

As always though, it's the folks invested through pensions and 401ks that have the most to lose relatively. The big players have probably already taken out their cash and are just waiting to see what they can buy up in a crash.

[–] [email protected] 50 points 1 week ago (1 children)

I watched a comedian on YouTube make a great point: When DeepSeek was announced the markets lost a trillion dollars in value and almost no one noticed except like twelve people.

[–] [email protected] 18 points 1 week ago (2 children)
[–] [email protected] 13 points 1 week ago (1 children)

He's such a great comedian. He only gets a few minutes a week on The Daily Show, but it doesn't really do much just to show how smart and funny the dude is. I love that he frequently posts full 30 or 40 minute sets on YouTube covering current events.

[–] [email protected] 5 points 1 week ago

He's quickly building a core fan base with his current events shows, great mix of comedy and reality

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[–] [email protected] 9 points 1 week ago

most if they are do so through a 401k or similar.

It's pretty easy to swap what's being held in your 401k to Canadian/EU portfolios

[–] [email protected] 97 points 1 week ago

He did say he would be bringing prices down on day 1, just didn't clarify he meant stock prices, not grocery prices.

[–] [email protected] 85 points 1 week ago (3 children)
[–] [email protected] 47 points 1 week ago (2 children)

As of 1:00 PM EST, it's down 12% on the day and dropping 🥰

[–] [email protected] 24 points 1 week ago

As of 3:00 PM EST, it's down over 15% on the day and in a bit of a further swing 😍

[–] [email protected] 16 points 1 week ago
[–] [email protected] 12 points 1 week ago

You love to see it.

[–] [email protected] 7 points 1 week ago
[–] [email protected] 33 points 1 week ago (2 children)

Buyeu and buycanada are gaining momentum?

[–] [email protected] 27 points 1 week ago (1 children)

I agree with the sentiment but I work in IT and yearn for when we will get rid of Microsoft, Amazon, and the tech giants.

My mother won't buy anything American at the grocery store but uses Amazon and Facebook every day.

My coworkers won't buy American products but use Windows, Teams, and Office every day.

I may be using Linux, open source software, and avoid American tech when possible, but I still use Google and Gmail.

At some point we may want to (or should) also extend that boycott to software and tech services. Have our governments, institutions and people not dependent on American corporations. It can only be good for our sovereignty anyway.

[–] [email protected] 5 points 1 week ago (1 children)

I asked in another thread about the possibility and likelihood of a sort of "digital embargo" where the states would order American companies like steam to halt service.

Forget not being able to get oranges or having to eat frozen veggies part of the year, this is somewhere that I can't really change my buying habits and move on (my steam library can't leave steam in this example)

[–] neograymatter 5 points 1 week ago (2 children)

I was questioning that myself.
So far digital goods haven't been the subject of tariffs on either side.
It would also be hard to tariff successfully as it wouldn't be difficult for Steam to setup something in another country's Data center as "Steam International " to bypass any Tariffs.
Although this trade wars has prompted me to start buying games on GoG when that is an option.

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[–] [email protected] 5 points 1 week ago (1 children)

I wish, but that's not it. It's just reactions to the business world realizing Trump isn't actually going to do good things for them basically

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[–] [email protected] 32 points 1 week ago (2 children)
[–] [email protected] 14 points 1 week ago (1 children)

Moved mine to 100% international allocations on the 4th, up like 3% since then, highly recommend

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[–] [email protected] 31 points 1 week ago (1 children)

I know nothing the stock market does is ever good for actual people, and any direction the line goes will be used as an excuse to commit atrocities against the poor, but I do feel a little thrill seeing it go down as the contrivances of 'wealth' used to gaslight us into not taking the full value of our labor at least superficially collapse.

[–] [email protected] 15 points 1 week ago (3 children)

Ok just to clarify your first point: 60% of Americans have either a 401k or Roth IRA. The stock market is not the be all and end all economic factor but it does affect a large swath of Americans.

[–] [email protected] 9 points 1 week ago* (last edited 1 week ago) (1 children)

they 'have one', I have had friends who found out an employer created one for them with pitiful amounts of money in them, or they got paid partially in them. nobody I know genuinely believes they're going to retire. very few people I know believe in a far-future. not far as in 'i read the foundation novels and damn, that shit blew my mind because im the most basic bitch possible' i mean 'far future' as in 'I might die older than my grandparents'

that's not to disregard what you're saying completely, of course. it will fuck a lot of people up. im sure. but line-go-up hurts just as many, if not more, people.

[–] [email protected] 4 points 1 week ago (5 children)

Then your friends and people you know are morons. If your place of work provides a 401k or 403b, you can talk with an advisor for free to decide how you want to invest and how much. There is pitiful amounts of money in them because they didn't add anything beyond the minimum and whatever their employer is matching. It's also a good way to lower your tax burden at year end.

If your employer doesn't have 401k or 403b, it's even more important to have a Roth IRA. You can't put as much into it each year and it's post tax dollars, but it's better than thinking you'll ever get social security in 20-40 years.

[–] [email protected] 10 points 1 week ago (2 children)

401k is a scam that was used to help kill pensions. The only reason to use one if your job locks part of your pay behind matching some of your contributions.

Even the tax savings is a lie. It's just a deferment and you pay the full income tax rate on it when you are eventually forced to withdrawal it. Even on the gains if you're lucky enough to be up when you need it.

[–] [email protected] 6 points 1 week ago

It also systematically intentionally forces the most vulnerable to be entirely dependent and aligned on capitalism

[–] [email protected] 5 points 1 week ago* (last edited 1 week ago) (1 children)

Yes. You eventually pay the taxes on it. However, there is this thing you've never heard of called "Marginal Tax Brackets" This makes it so that when I do eventually pay the taxes on it, I'm not paying at the income level of when I was employed and instead much lower when I'm retired.

Pensions are better, but calling a 401k a scam just makes you look stupid.

[–] [email protected] 4 points 1 week ago (6 children)

If you have enough in it to live comfortably, it's not better than rolling your own and paying at the capital gains rate. To actually save you better really like tuna fish sandwiches.

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[–] [email protected] 6 points 1 week ago* (last edited 1 week ago)

lol, thinking you'll be alive in 20-40 years. should I throw salt over my shoulder in case there are fairys there? offer up sacrifices tot he gods? stay off ships named after greek goddesses of agriculture, or just stuff from greek myth in general?

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[–] [email protected] 7 points 1 week ago

You can allocate your funds to international investments only

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[–] [email protected] 24 points 1 week ago

All I see here is a bunch of companies that were massively over valued in the first place.

I sleep.

[–] [email protected] 23 points 1 week ago

The FO phase of FAFO.

[–] Klnsfw 18 points 1 week ago (1 children)
[–] [email protected] 4 points 1 week ago (1 children)

Go fascist, go.........broke-ish?

[–] [email protected] 19 points 1 week ago (1 children)
[–] [email protected] 5 points 1 week ago

There it is, much better, bravo!

[–] [email protected] 17 points 1 week ago

One can hope for it to be Consequences of their actions.

[–] [email protected] 13 points 1 week ago (1 children)

They are still saying it is "normalizing".

[–] [email protected] 15 points 1 week ago

Yeah, right.

“Normalizing” = we dgaf what happens to everyone’s finances because we’re completely insulated from the effects.

[–] [email protected] 12 points 1 week ago* (last edited 1 week ago) (6 children)

Big Tech always amplifies gyrations in the market. Hence, every single one of these stocks (except Microsoft, I just checked) is still beating the S&P 500 over 6 months, even with these drops. And Microsoft is still way up in the long term.

Look, I want meteors to hit them all, but huge swings are the norm for these now. Hotter stocks trade a lot like crypto these days.

[–] [email protected] 4 points 1 week ago

its true if you zoom out 6mo to a year+ ...most of these tech stocks etc are still way up. but panic in the market make "dumb money" sell. smart money buy cheap...

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[–] [email protected] 11 points 1 week ago (1 children)
[–] [email protected] 7 points 1 week ago

You better move. You better dance.

[–] [email protected] 6 points 1 week ago (4 children)

whos cashing all this out? and are they paying taxes on it? like how does it work? can you just move your assets/ close out on positions and immediately shove them into some compounding interest account but still capture all the profit, with no capital gain tax?

[–] [email protected] 6 points 1 week ago* (last edited 1 week ago) (1 children)

Depends which country you live in. But in the US you’d still pay capital gains tax over it I reckon. Since it applies at the moment of the sale of an asset. Unless it’s a IRA or 401k then you pay income tax at withdrawal. Of course you pay the taxes end of year. So you can still put it in a savings account and receive interest on all the profits before you have to pay tax

If those stocks were held less than a year you pay income tax over all your short term trades total realized gains end of the year.

[–] [email protected] 4 points 1 week ago (2 children)

If it's in a Roth, you don't pay tax on trades.

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[–] [email protected] 5 points 1 week ago

It’s stocks, innit?

[–] [email protected] 5 points 1 week ago

Rodrigo Duterte

[–] [email protected] 5 points 1 week ago

There goes my savings

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