Re:They say that stocks go down during the day and up at night
by TheCoelacanth on Tuesday February 07, 2023 @09:52AM
(#34693510)
Higher demand leading to lower prices? That's an interesting hypothesis.
Re:They say that stocks go down during the day and up at night
by toyg on Tuesday February 07, 2023 @11:22AM
(#34694750)
It's not a hypothesis, it's how the mass-market works. Take computation: as demand rose and rose, prices fell and fell. And yes, the education and career systems have commonalities with manufacturing.
Re:They say that stocks go down during the day and up at night
by rfrey on Tuesday February 07, 2023 @11:57AM
(#34695302)
In computation, the supply rose much faster (faster chips, cloud computing) than demand until the advent of widespread ML. And I haven't noticed the price falling much in the last few years.
Re:They say that stocks go down during the day and up at night
by twic on Tuesday February 07, 2023 @10:15AM
(#34693836)
Hiring six traders instead of two does not strike me as a form of wealth redistribution effective enough to warrant the attention of the all-powerful Illuminati, although i'll ask them next time i see them just in case.
That's not a good argument. If there were more openings for that kind of position, more people would apply, and average remunerations would get lower.
The real problem is that this would effectively distribute wealth (and access to wealth) more widely, and the ruling classes can't have that as a matter of principle.