BossBackground104
BossBackground104 t1_je0uxi4 wrote
Reply to The economy in 2023 for dummies by Temperature_Foreign
Banks make money from fees. When rates rise, they make more money. For the past 14 years, the Fed lent banks money at zero %. Once that stops, high rates are a bank's best friend. When rates rise, the cost of goods and services fall. That's why raising rates lowers inflation. The bank failures of late, have been due to poor management, just like any other business. Whole it's nice to have stocks continue to rise, at some point your stock shares aren't worth what you paid for them, big boys will sell for profit and you will be a bagholder. So while it might be a good company and a good product, it's not worth the price. Then here comes a crash.
BossBackground104 t1_jdljquy wrote
Reply to All in FRC Roth IRA by sylphvanas
It could work. Probably won't, but it could.
BossBackground104 t1_jd1gckr wrote
Real problem is billionaires owning billions of dollars worth of public companies can crash anything when they dump shares. Tesla when Elon bought Twitter. Amazon when Bezos dumped shares. BK, BOA when Buffet dumped shares. Institutions can't dump all those shares at once. Even if they have to file with the SEC, it moves markets.
BossBackground104 t1_j9xl5qp wrote
Reply to Cathie Wood Continues Coinbase Buying by predictany007
CW seems to have early onset dementia. Since the other institutionals don't follow her in, her balloon never gets off the ground. Hard pass.
BossBackground104 t1_iy6lz03 wrote
Reply to comment by VisualMod in Day traders be like by NoStepSnek69
Or you could just flip a coin.
BossBackground104 t1_jedxigk wrote
Reply to My first YOLO. Pray for me. by Wasingtheisofwas
Maybe in the metaverse.