Comments
redditmodsRrussians t1_j1ycqii wrote
Too bad he’s not done blowin his load yet……
tortoisepump t1_j1yetvn wrote
The JPow sequel arrives in 2023
mrubuto22 t1_j1yfewd wrote
Why do you people blame him?
Outis7379 t1_j1yfksf wrote
He made us realize how abysmal our investment skills are, after making us believe we were the next Buffett for about a year. That’s pretty mean.
mrubuto22 t1_j1yfwxs wrote
Ahhhh. Yea he did that for sure.
Significant-Stay-760 t1_j1yg00x wrote
Wait, no Elon blowing up Tesla?!
TheReaperManHS t1_j1yi8ay wrote
The stock market is laying there like “he seriously just nutted in me and then went and booted up minecraft?”
LuckyLaithLuciano t1_j1yic5e wrote
Cool guys don't look at explosions.
x3lr4 t1_j1yl2ub wrote
This would have been so much better with a photo of J Pow casually walking.
Top_Application146 t1_j1ym7rd wrote
An explosion that big would knock you on your ass. Of course physics doesn’t apply to movies.
Buck_Folton t1_j1ypon4 wrote
Because they are simple.
[deleted] t1_j1ypp2a wrote
EggProfessional995 t1_j1yqxkq wrote
People who blame Musk for the price action on Tesla are just ignorant. That company has been criminally overvalued for a long time and now it's going back to its fair valuation.
Anybody who thinks that a car company selling less than a million cars a year is worth more than the entire rest of the industry should not invest a single dollar outside of S&P500.
Pnotebluechip t1_j1yr7x8 wrote
Thought for sure this was about Daddy Musk.
[deleted] t1_j1ytcgf wrote
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EWJWNNMSG t1_j1ytid4 wrote
People when stocks go up 700% during the greatest pandemic in hundreds of years: Yeah this is normal I'm a genius I deserve these gains
People when stocks go down -30% because we have to return to some level of normalcy: Wow this is bullshit I do not deserve this why are these regards destroying the economy.
Here is a video for all of you [1] I suggest you watch it
[deleted] t1_j1yw1e4 wrote
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Alwaysfavoriteasian t1_j1ywrhb wrote
But isn’t it a tech company more than it is an auto company?
ApriamAsh t1_j1yxpwi wrote
He controls the stock market, quite literally.
[deleted] t1_j1yyhlj wrote
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Boshva t1_j1yyu0a wrote
Especially the economy is somewhat fine rn, except inflation. The stock market is something else tho.
MyFingerYourBum t1_j1yzr25 wrote
Me losing money in both situations:
NewUserDGAF t1_j1z171k wrote
That just shows you belong
eazy-83 t1_j1z1fnq wrote
What's your point?
eazy-83 t1_j1z1kc0 wrote
Because there's no need to raise interest rates. Eventually businesses will out price themselves and everything will reset
[deleted] t1_j1z1otm wrote
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EWJWNNMSG t1_j1z295h wrote
That the stock market is not being destroyed, it is starting to get back to a sane level of normalcy and another -30% on all the hype stock might do us all good
duhdamn t1_j1z2mmr wrote
eazy-83 t1_j1z2ukm wrote
What is normalcy?
eazy-83 t1_j1z2ze3 wrote
You forgot Kyrie and the Celtics image
EWJWNNMSG t1_j1z34pl wrote
Guess I am wasting my time here have a nice day
eazy-83 t1_j1z3pb9 wrote
And you just proved my point. You can only accept your normal. Fact is this, your idea of normalcy isnt the same as others. What is JPow doing? He is literally trying to force people to lose jobs to bring down inflation, right? How is that normalcy? So there are people out there who are trying to live their "normal" lives, and then all of a sudden they get laid off just so we can get back to "normalcy?" If you don't find that abnormal, then you yourself are a waste of time.
hyperthymetic t1_j1z42fv wrote
Inflation adjusted wages have been in decline for well over a year.
You can stick your head in the sand and accept the govt redefining recession all you like, but at least do the rest of us a favor and stop poasting
Quasar-stoned t1_j1z473f wrote
You give money to someone so they grow and you earn some premium for lending. It’s criminal to ask citizens to invest and force a recession. This is just bad policy and bad governance.
Boshva t1_j1z4gr9 wrote
Sure, still better than 2008 style, where everyone loses its job and gets his home foreclosed.
Also whats your argument here? Printing money to slow the inflation?
Also workers wages havent kept up with productivity since 40 years. But thats Jeromes fault too right?
EWJWNNMSG t1_j1z4vsd wrote
With your logic any value of any stock is a fair price, investments always go up. There are bad investments, there are overevaluations, there are bad businesses. Blindly investing because stocks only go up is the most regarded strategy out there most people have no idea what the fundamentals of a company are or what a fair price for a stock is. What's criminal is people always hyping the most unbalanced businessmodels out there because the stock grows faster than those with real business models. Every few decades people need to learn this lessons because for some reason people never learn it. So be it. This is not a crisis of the fed or of government, this is a crisis of bad investments in shady business and overvaluation
Quasar-stoned t1_j1z7b6i wrote
You’re right, can’t argue with that logic. These are difficult times for certain strategies which rely on absence of the surprises that we had this year. In an ideal world, stocks of sound businesses should always go up on a decent timeframe and maybe government should innovate to not mess the macroeconomics with stupid policies.
Outside-Cat7186 t1_j1z7eeb wrote
Do the pic with Elon and TSLA...and add twitter
Chabubu t1_j1z8eq6 wrote
Why did Russia do this to us!?
NoMoassNeverWas t1_j1za7dt wrote
Look at the job market though.
forcedaspiration t1_j1zaj0c wrote
From fuck your puts, to those puts fuck.
forcedaspiration t1_j1zas5a wrote
Because he is easy to blame. But in reality, he is punishing our government for over spending. They are supposed to get the message and reel in debt, but thats not happening. We have a debt bomb, and these rates put it very close. But, gov. employees and welfare queens both vote, and they don't want a pay cut.
Fizmo1337 t1_j1zav3e wrote
a recession is good to get all the useless zombie companies and bad companies out of business
RadiantMushroom4163 t1_j1zbu9u wrote
Best post. This is the reason I come to Reddit
Qzy t1_j1zc7n9 wrote
Normalcy is not high inflation and bubble valuated companies like tesla.
RYANS1485 t1_j1zctnx wrote
cool guys dont look at explosions.
actias_selene t1_j1zd2k4 wrote
The reason why Tesla was valued very high compared to rest of the car industry was mostly due to all the debt burden other companies were carrying and Tesla was improving their margins and sales enormously.
It goes down now because it no longer seems like they can keep growing at the pace expected previously. Mostly, thanks to Tesla CEO portrait an image of a kid who doesn't know what he wants to do as well as alienating its customer base.
Now the spell seems to be lifted, people are talking more about reliability and issues of their cars more openly.
In any case, I think q4 2022 and q1 2023 reports will be very decisive for the future of the stock. It also matters if we will see any change in leadership of Tesla.
0711-ST t1_j1ze085 wrote
😂
Kitten_Team_Six t1_j1zerif wrote
eazy-83 t1_j1zewg6 wrote
Actually it is. Because you are basing "normalcy" before pandemic levels. But the problem is, is you're negating the fact that normalcy then is different than normalcy now and completely ignoring the fact the the fed had printed 80% of the money(as of Dec2021) that is in existence in the last 2 years. Meaning that there is 500% the amount of money in the economy than there was in 2019. So if the total money is going to inflate, then it is actually quite normal for everything else to inflate with it. It's simple math. For things to not inflate, would actually be quite abnormal.
Sharcbait t1_j1zgyom wrote
When we print 1/3 more total amount of money in a year: LOL printer goes BRRRRRRR.
When inflation is sky high. Wtf who would do this to us.
trobotics t1_j1zh24i wrote
You're welcome
Scott7894 t1_j1zhlyt wrote
LOL, love it
[deleted] t1_j1zho9y wrote
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eazy-83 t1_j1ziee0 wrote
Theoretically I would agree, the problem is, is that it doesn't matter if it's a good or bad company because is going to protect the certain companies to protect economic hierarchy. We saw this back in 2008 recession
3raindamage t1_j1zik74 wrote
😂
Specialist_Gas_now t1_j1zil9s wrote
Jerome Powell would have won an Oscar for this role and scene
cookiesfromspace t1_j1zip1f wrote
Consistent_Grab_5422 t1_j1zkc6d wrote
I saw this image on Twitter, and Elon gave it a like…the irony…
Qzy t1_j1zlfk7 wrote
If you can generate $100,000 per year prepandemic, I would value your life 10x$100,000. Post pandemic due to inflation you now generate $110,000 - meaning you just gained 10% in your total valuation. It doesn't matter how much more money is printed for your valuation to change if it does the market is hoping for further increase in the future - but that wont happen because inflation will stop soon.
Dr_CatGranola t1_j1zlnij wrote
lightning_whirler t1_j1znd4r wrote
That's like saying grandpa is fine except for the heart attack he's having right now.
Atomfixes t1_j1zngbu wrote
Everyone on wsb acting like tsla wasn’t the original pump, and that tsla is just magically insanely overvalued..
[deleted] t1_j1znxtq wrote
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Envenger t1_j1zrf9g wrote
I don't think stocks still have a reasonable value yet. It was bound to happen.
Adventurous_Shake161 t1_j1zrfbr wrote
Jpow doesn’t walk away bro. He stands there and watch it burn.
Melodic_Job3515 t1_j1zrlbz wrote
Made My Day Just a Beautiful start to the day and end to the Year.Regards!! May your buys and sells in 2023 bring you more Success than Cathie showed!
MrMarchMellow t1_j1zso84 wrote
Lonely Island has entered the chat
Ontheroadtw t1_j1zss9n wrote
Musk putting his crazy out in the open didn’t help. Sure it was over valued but mr wizard pulled the curtain back.
ETH_Knight t1_j1zt99g wrote
Tsla -72% ytd
Looks worse than crypto.
cohibakick t1_j1ztbqb wrote
Like, people didn't expect a recession when the fed was taking a recessive measures to control high levels of inflation? I've never been a fan of powell but I would argue that at this point in time the measures he is taking to control inflation seem reasonable. It's straight out of the playbook. Now, whether this actually is the right course of action is something only actually "known" to better economists than myself (I am in no way, shape or form an economist) or powell. the rest of you can have fun cherrypicking the one that will echo back your dumb opinions. And we will actually know whether this was the right move a few years down the line after this bit of history has been revised 40 times by your favorite cherrypicked economist.
ImAnonymous135 t1_j1zthaw wrote
Cuz he over did it with QE, in the emd most of the money injected ended up in the top wealthiest
hoopaholik91 t1_j1ztkft wrote
If you're going to make an argument at least try to be slightly less biased when pulling numbers out of your ass
[deleted] t1_j1zu0s9 wrote
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1984Slice t1_j1zuty8 wrote
Make one with Elon and the Twitter HQ
SoWaldoGoes t1_j1zvaw0 wrote
"Better call Tyrone Jerome." NYSE edition
[deleted] t1_j1zwabc wrote
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IngenuitySufficient5 t1_j1zwwx5 wrote
Damn.
Deep_Afternoon3535 t1_j1zzu06 wrote
Like The smart less hyped stock owners on clouds like Apple and tesla
EWJWNNMSG t1_j200lup wrote
Tesla at the height of february 2020 before the first corona dip, split adjusted: Between 40 to 60€. Tesla at its height 2021: €350. That's almost 600% (well an increase of 500% of course) if you take the absolut height from 60 to 350.
It's almost comical.
But you are correct, that's only Tesla. Companies like Apple or Amazon only doubled during the same time period.
Doubled.
Carvana went from 87 pre pandemic to 315 at its hight in 2021, almost 400% lol.
Apple is now so oversold it has a comical dividend yield of about 0.7%, Microsoft is at like 1%. That is comically low. How much do you all expect this company to grow? How many dividends do they have to pay out to justify this price? It's laughable.
Edit: Most likely most of you don't even want dividends. That makes me laugh even harder then what the fuck are you paying for if not for the company to transfer its earnings to you
Working_Western9070 t1_j200vqt wrote
bradslamdunk t1_j20100f wrote
locoturco t1_j201n1p wrote
Of course he sold at top🤬
donotgogenlty t1_j201qh1 wrote
Yeah but this man does it literally multiple times a day
Hea a Boomer so probably has a whole 2nd wife and children he beats
[deleted] t1_j201rm1 wrote
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Go2FarAway t1_j203yjs wrote
The burden of running the pandemic economy fell on Jerome because Mitch & Don wouldn't touch it. Early misdirection helps write history.
tahqa t1_j204w21 wrote
Cool guys don't look at explosions.
Pedinhuh t1_j205a6t wrote
It helps to maintain the narrative that Tesla is in the red this year because of the evil government doing the rate hikes and causing inflation, and that Elon's stupid antics got nothing to do with it.
Middle_Ingenuity_627 t1_j206hud wrote
Its Putin price hike.
brucekeller t1_j206neu wrote
Isn't it basically a 'I brought you into this world, I can take you out of it!' kind of deal? Valuations wouldn't have been nearly as high as they were in late 2020 and 2021 if it weren't for QE and ZIRP.
[deleted] t1_j2075u0 wrote
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buy_blockbuster t1_j20795y wrote
I haven't seen him walk away yet🤦
gumbo_chops t1_j207fbv wrote
Most people here don't care about dividends since they aren't retiring anytime soon and don't need to rely on them as a source of income. Personally I would rather a company buyback shares than pay a dividend s to avoid taxes in non retirement accounts.
EWJWNNMSG t1_j2092bs wrote
It's the classic question: Do you want to make money through the company, then dividends are unavoidable. Or do you want to make money through the other market participants - then buybacks can increase the amount that other people have to pay for your share. Let's say the company buys back 10% of the shares that are out there then I am willing to say that they contribute about 10% of the value that another person has to pay you for it.
In the name of tax avoidance we have now created a range of companies that do not pay dividends, which has always been the way. But what is a alphabet share? What does it do? What is its relation to the company? What is the value of it if not the sum of future dividends, their growth in relation to inflation and discounted the further away they are in time?
For me a share is a machine that I have to pay for that then pays me money every year. I pay €10, and then get 1 + 1.1 + 1.2 + 1.3 etc. From this value I create a value I am willing to pay for this share.
What are you willing to pay for a Amazon share if not that? What is the value of it? What do you get from Amazon that makes you want to buy this share?
balzun t1_j209390 wrote
Working as intended. Biggest wealth transfer in history funded by American taxpayers for the next generation. Yay.
Professor_Felch t1_j20cew3 wrote
What job market lol
LavenderAutist t1_j20dx7d wrote
He's not finished
zachpuls t1_j20e2yx wrote
>welfare queens
🚩
Curious_Boss1170 t1_j20e3gn wrote
Jerome Powell is not even done yet.
DavisR001 t1_j20fcv4 wrote
The Government printed trillions of dollars which FK people over with Inflation.
And then, the government fights inflation by raising interest rate which FK people over some more. It's double fking. (while still continue to print trillions).
And people wonder why there are homeless and looting everywhere. Our corrupt government is turning the US into a third word country, but people are too busy fighting each other over nonsense. It's by design, the elites are creating a culture that fosters weak passive porn/video game addict men, who are too weak to rise up against tyranny. You all know the saying, "good time create weak men, and weak men create hard time...."
Think about it for a second. We are more technologically advance than a hundred years ago. We have machines and robotic that can mass produce anything. We have computer, AI, and software for everything. The internet alone revolutionizes eCommerce. Productivity has never been higher.
The law of economy says that if you are more efficient at producing stuff, it becomes more affordable/cheaper. And yet, our standard of living continue to decline years after years. Poverty and homelessness keep rising. People can't afford kids or houses; we have record number of young people still living at home. Every stop and wonder why? doesn't seem to make sense.
It's because the government NEVER stop printing money. Wake up people. They print monopoly money out of nowhere to line up their pockets and buy up real world assets. Any increase in productivity is completely offset by inflation. A dollar today is only worth 10cents a hundred years ago.
Here is their game plan:
- Print monopoly money
- Buy up real world assets with said money
- repeat step 1&2 until hyperinflation kick in. Money become worthless, BUT they keep the real word assets.
- say "oop, sorry guys, your life saving is worthless now, but here is a new currency"
- repeat step 1.
And as the cycle keep repeating, the elites are buying up more and more assets , while the people get poorer and poorer. And that is how you get a two class system, the have and the have not.
forahive t1_j20ilhf wrote
Its easier to blame others than accept the truth that people typically get what they deserve; be it portfolio, market, government, community, job, friends, whatever.
rainniier2 t1_j20kqo8 wrote
How is he not fired yet for his massive screw up over stimulating post COVID. Plus his screw up leaving the interest rates so low pre-COVID. He should not be in charge of fixing his own mistakes.
rainniier2 t1_j20lxb8 wrote
I blame him because he overstimuled the economy pre-COVID by leaving the interest rates low too long while the economy was humming along (he was pressured by trump and gave in). Then he overstimulated the economy during COVID because he didn’t recognize that he should scale back Fed stimulus once the government stimulus was approved. He has an almost pathological need to be methodical and transparent that causes him to pivot strategies too late. He was so afraid of spooking the market that he let the COVID stimulus run way longer than necessary. I don’t think he has learned from his mistakes and someone else should clean up his mess.
carbsno14 t1_j20mnrt wrote
the free money era gave us the mother of all bubbles.
we all knew we had to pay for it someday.
NinjaTabby t1_j20n703 wrote
Oh he's not done yet.
Apprehensive_Sir2022 t1_j20soci wrote
Get what you voted for.
Expensive-Walk3732 t1_j20wdan wrote
Elon gots to pay his margin calls and he do it with tsla shares
Darudeboy t1_j20xaag wrote
Eryka Badu fan?
bleh19799791 t1_j212cvz wrote
Raising interest rates is a poor people tax.
bassmaster_gen t1_j217n17 wrote
firenl t1_j218xqq wrote
And he hasn't walked away yet. He isn't done yet
mrubuto22 t1_j21ieom wrote
How so?
Interest rates are a two way street. We now have savings accounts again. I know people Herr love to YOLO on the stock market but your average low income person would be really happy putting away $100 bucks or so a month for a few years and being able to buy a car loan free
GG-BBQ t1_j21k4ib wrote
lol..........well........
RoyalGarbage t1_j21lqhj wrote
Hey look at me
Casually
Walking away like action movie hero boy
In slow-mo
Everything glowing
And blowing to bits right behind meeeee~
Oenones t1_j221pms wrote
You need to get your fucking head checked if you believe this. You can make this argument when it's a few dozen "investments" but when it's a few thousand your clearly showing your head is up your ass.
InSecure_Input t1_j2297hy wrote
😂😂😂😂😂😂😂😂
Solid_Amoeba7803 t1_j229www wrote
It's funny people think JPow is the only one responsible for this
Embarrassed-Emu-8248 t1_j22hf5d wrote
Go Jerome I appreciate the discounts
ComprehensiveBaker69 t1_j22j5la wrote
We aren't even halfway through the explosion yet...
ComprehensiveBaker69 t1_j22jdy8 wrote
Blood in the sheets, explosions in the streets
lanscankersore t1_j22m5nl wrote
Jerome Powell is the best actor in the world
StrongPangolin3 t1_j22rfsf wrote
You should put Greta Thunberg walking away with Andrew Tate exploding in the background.
[deleted] t1_j22vfzt wrote
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avatarfire t1_j22wnfz wrote
ozthinker t1_j22ysjv wrote
ameldrum902 t1_j232vzq wrote
Boys, boys... there is more explosions coming. This is the first explosion that slowly fills the frame. The explosion that sends fucking cars past his head is just about to start.
ameldrum902 t1_j2333sl wrote
I agree with it all except the return to normalcy. In Canada we are heading dead straight to a housing collapse. People are far too leveraged and this is going to be a messy correction.
MeowMeowHappy t1_j2bsuig wrote
Volcker was the “most hated man in America”
whicky1978 t1_j2fv9gm wrote
lmao 🤣
VisualMod t1_j1yc0gz wrote
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