Recent comments in /f/wallstreetbets

Game_of_Tendies t1_j9ljtq7 wrote

They added something like 40,000 between 2020 per-pandemic to Nov ‘22 when they had their first layoff. All the tech companies are going to be laying off multiple times this year. I don’t see how Meta don’t fire almost everyone they hired in the last two years…the Metaverse IS NOT a recession product and the biggest black hole in that company.

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vacityrocker t1_j9ljl93 wrote

Given the sudden arrivals of high tech spy balloons from China and the recent costs of shipping and port jam ups - rhetoric and blame pointing one could wrinkle the tin foil cap a bit and assume they are front load financing a conflict with China and Taiwan will be the social justification for the two nations to swing the bats ... papa (daddy) bush went looking for weapons of mass destruction as a cause to justify the incursions in the mid east.... oddly the economy did the same things back then... the devaluation of the greenback followed with a blind slap called "financial" crisis, oil reserves overflowed until 147.50bbl from 47... some things seem familiar but who but they really know.

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skyblue5432 t1_j9lgttj wrote

Based on that alone, bearish. But the SPX is now right at a trendline from October. Whether it closes above or below that line tomorrow will show whether that uptrend is broken or continues. That's more important.

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cletus_ t1_j9lfr3u wrote

Didn’t your grandad see it in the seventies when interest rates were north of 50% or something? Different fed now, I realize. As a man’s man, if Paul Volcker were alive today he would probably walk in to a meeting, sneak up behind Yellen and put his dong on her head just for laughs while lighting a cigar, then bust into another meeting, smack Jerome Powell and tell him 25 basis points are for pussies. I could then see him getting angry while watching mad money that evening, call up Cramer and tell him he’s an asshole because the shorts never closed and he’s going all in on GameStop. That’s what I look for in a fed chair.

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