Crypto may be opening up new avenues for leveraging. So this may be like the pre 1929 & 1930s stock crashes which were partly fueled by excessive leverage and the impact of tariffs for the second crash.
codingrightnow · 59m ago
All of our retirement accounts are investing in the stock market. That is why it's untouchable. Where else would our retirement accounts put their money?
hyperhello · 43m ago
While people are retired, they take money from contributors. There’s nothing else going on except whole sections of the newspaper devoted to gossip about minute stock changes. The DJIA and S&P and other baskets follow 401k contributions like a random walk.
>the worst inflation in 40 years, and the highest interest rates in 20 years.
Caused by who again?
>The uncomfortable fact about the historic stock-market run is that no one really knows why it’s happening—or what could bring it to an end.
Why is that uncomfortable? A rising market is a good thing.
It’s uncomfortable because it challenges your assumptions. You expected the opposite to happen, and now you're experiencing cognitive dissonance. Meanwhile, those you may disagree with politically seem to understand the market better than you do.
This is a chance to reflect on your expectations, identify where your understanding was flawed, and learn from it.
UltraSane · 1h ago
What are you talking about?
igor47 · 34m ago
I parsed it! They are saying, "you HN liberal types thought the market would go down, but it's going up. You might consider that your failed prediction demonstrates a fundamental misunderstanding of the world".
They got HN demographics wrong, plus while causality is hard, I do think "the inflation and high interest rates were caused by liberals" is a difficult claim to justify. Besides that, I do think it's an interesting take. Every failed prediction is an opportunity for reflection
Caused by who again?
>The uncomfortable fact about the historic stock-market run is that no one really knows why it’s happening—or what could bring it to an end.
Why is that uncomfortable? A rising market is a good thing.
It’s uncomfortable because it challenges your assumptions. You expected the opposite to happen, and now you're experiencing cognitive dissonance. Meanwhile, those you may disagree with politically seem to understand the market better than you do.
This is a chance to reflect on your expectations, identify where your understanding was flawed, and learn from it.
They got HN demographics wrong, plus while causality is hard, I do think "the inflation and high interest rates were caused by liberals" is a difficult claim to justify. Besides that, I do think it's an interesting take. Every failed prediction is an opportunity for reflection