News for hackers. Stuff that matters.
Re:Tech giants lost more than $1T in value in the last 3 tra... by username3 on Monday May 09, 2022 @07:50PM (#31321449)
It’s not a bubble. This is seasonal.

> “Sell in May and go away” is an old Wall Street saying that suggests investors sell their stocks during the summer to avoid a seasonal decline in the stock market.

Re:Tech giants lost more than $1T in value in the last 3 tra... by daniel-cussen on Monday May 09, 2022 @08:14PM (#31321649)
I heard an economist say exactly what you wrote, that there's always a seasonal dip in the prices of stocks at a certain time of the year, it's expected.

Bullshit. There are no seasonal drops in stocks, the only season is bull season or bear season.

Re:Tech giants lost more than $1T in value in the last 3 tra... by mgh2 on Monday May 09, 2022 @08:29PM (#31321797)
It is more like media and the elite manipulate public's perception and sentiment to profit from fluctuations.
Re:Tech giants lost more than $1T in value in the last 3 tra... by daniel-cussen on Tuesday May 10, 2022 @09:10PM (#31334705)
They barely make it work on their balance sheet. And risk adjusted? Those media manipulators get fucked.

Everyone's getting fucked in this bear market. Well there's survivors, the cockroaches, literally the cockroaches in apartment buildings are have a bright future, whereas the tenants might get shuffled around, musical chairs with empty apartments getting taken out of circulation, like chairs in that brutally honest game.

Re:Tech giants lost more than $1T in value in the last 3 tra... by rco8786 on Monday May 09, 2022 @09:40PM (#31322369)
Pretty sure this holds no water if you observe past trend lines. Even if it did, the %s being lost right right are significantly higher than in any recent year. But hey, it rhymes.