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Markets still falling like whoa

Llano Estacado

By Llano Estacado
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HamsterHookah

HamsterHookah 112

Posted
Posted (edited)
42 minutes ago, FirstTimeCaller said:

Interesting with all the tech layoffs. I wonder how much is overhiring during the pandemic and how much is "holy shit Twitter bled their staff and they are still running. Maybe we have too much bloat as well."

Seeing Google is cutting 12,000 workers. Assume they average $100,000 in comp and that's $1.2 billion a year off the headcount. 
 

It was almost assuredly the overhiring that happened during the pandemic. Some tech companies literally doubled. I read Salesforce went from 50k employees to 80k (and they are shedding 8k jobs).

It seems like a right-sizing when money isn't free and growth isn't guaranteed to be exponential way more than a "hey look at Elon burning down Twitter and it still is up and running at least", especially when you see that ad spend is down 40-50% YoY in revenue oof.

Edited by HamsterHookah
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Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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Snake Diggity

Snake Diggity 4614

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I consider any current layoffs at big tech that account for <10% of their total headcount to just be cleanup that had been postponed due to the last 3 years of insanity, and not really all that pertinent to current economic outlook.

A 6% layoff at Google is mostly just firing people who aren’t doing any work and don’t have any real skills necessary for future growth.

  • Hook 'Em 5
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Cheeseweasel

Cheeseweasel 26437

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1 hour ago, FirstTimeCaller said:

I feel like the market doesn't seem worried about debt ceiling stuff. To me that's a bigger risk right now than inflation. 

If they pass it or don't? It kinda sucks either way.

 

My nonCR 2cents: Our budget (and the need for more debt) should be a percentage of GDP, not a dollar value.

 

US-National-Debt-to-GDP-Ratio-by-Year-10

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52-80

52-80 19090

Posted
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6 hours ago, HamsterHookah said:

It was almost assuredly the overhiring that happened during the pandemic. Some tech companies literally doubled. I read Salesforce went from 50k employees to 80k (and they are shedding 8k jobs).

Salesforce was absorbing head count from acquisitions

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52-80

52-80 19090

Posted
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6 hours ago, FirstTimeCaller said:

I feel like the market doesn't seem worried about debt ceiling stuff. To me that's a bigger risk right now than inflation. 

so our leaders are ignoring today’s inflation while creating tomorrow’s inflation (by way of increasing indebtedness)
 

5 hours ago, Cheeseweasel said:

My nonCR 2cents: Our budget (and the need for more debt) should be a percentage of GDP, not a dollar value.

 

US-National-Debt-to-GDP-Ratio-by-Year-10

spend/borrow what you make? thats radical talk, feller. 

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Sam Lin

Sam Lin 3541

Posted
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12 hours ago, FirstTimeCaller said:

Seeing Google is cutting 12,000 workers. Assume they average $100,000 in comp and that's $1.2 billion a year off the headcount. 
 

I would quite doubt that 100k is average. Probably closer to double that. It's pretty serious savings.

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Incredulity

Incredulity 11564

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4 hours ago, Fudge Nuggets said:

I'm only up 18% on my equities since you posted this bullshit back at the end of September.  How you doing?

My account is up 14% from 9/23 to today.  I am much more weighted in long term value like KO, PEP, MCD,JPM than growth.

 

care to share your performance from 8/15 - 9/23?  Here’s a hint.  It was awful.

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Hank_Hill

Hank_Hill 18490

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15 minutes ago, FartingMonk said:

I work at Amazon corporate in Seattle and man watching those guys show up on Wednesday finding out if they were laid off or not was weird.  Bunch of young kids looking like they just got their puppy kicked

Punch Sam in reception in the nads for me (my little brother)

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B00M

B00M 6280

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On 1/20/2023 at 10:56 AM, Cheeseweasel said:

If they pass it or don't? It kinda sucks either way.

 

My nonCR 2cents: Our budget (and the need for more debt) should be a percentage of GDP, not a dollar value.

 

US-National-Debt-to-GDP-Ratio-by-Year-10

If our politicians rigidly tied the budget to the GDP, they’d just end up cooking the GDP to spend what they want

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Guest

Guest

Posted
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On 1/17/2023 at 9:19 AM, WBT said:

S&P500 back over 4000...again.  For how long this time?

And we're back. Never to go below ever again. No siree. Nothing will ever take the market below the 4K mark.

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Guest

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Posted

Nope, there will be no debt limit issue, surprise inflation, nuclear holocaust, Fed-fueled recession or any other event that will ever take us below $4K again. Smooooooth sailing from here on out.

In all actuality, I'm still relatively bullish so I do think we spend some time in a rally mode... or at least no longer dragging along the bottom. August peak was around 4,300. Seems like a spot to test out.

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52-80

52-80 19090

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Posted

we all getting laid yet?

i bought some Tesla in my infant's designated account.  he's basically having a better 1-week return than any fund manager on earth.

but i sold some covered calls on my own account, so some shares will be removed from me below the closing price 🤕.  hoping to buy back in the 150s-160s with a standing limit order.

  • Hook 'Em 1
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Guest

Posted
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51 minutes ago, B00M said:

Rough Monday… We really should’ve sucked each others dicks last week

Today is nothing. Nothing matters until the Fed meeting and the earnings calls from Big Tech. That's going to lead the direction this week.

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Cheeseweasel

Cheeseweasel 26437

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3 minutes ago, FirstTimeCaller said:

Today is nothing. Nothing matters until the Fed meeting and the earnings calls from Big Tech. That's going to lead the direction this week.

"And we're back. Never to go below ever again. No siree. Nothing will ever take the market below the 4K mark." - Some regarded poster

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