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Joined 2 years ago
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Cake day: June 28th, 2023

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  • Stocks, and really anything, is worth exactly the intersection of what someone is willing to pay and what the person who has it is willing to accept. You can make valuations based on profits and growth and liabilities, but those are estimates to help professionals determine what they are willing to pay or accept. If some dolt is willing to pay more, then that’s what it is worth for that transaction.

    If the stock goes up in value, some people will sell. There’s a natural balance to the curve, as the faster a stock rises, the more people will sell and this will bring the price back to earth. This is why the diamond hands strategy of Game Stop investors was so confounding. People weren’t buying for profit, they were buying to fuck over short selling hyenas. But that’s a whole nother can of worms.

    The point is, if people believe it will go up, they will buy. More buyers means the price goes up, so that can have a compounding effect, and they feel good about their decision. When people think it’s gone high enough, they sell, which makes the price go down, and they feel good about their decision.

    The stock market is as much paychology as it is economics. Precicting what humans will do and then doing it first is the real magic of investing. And with Muskeegee Airhead, there’s no way to predict what he will do. That’s why risk averse investors are moving away.




  • That’s like saying furries are pretending to be animals. Like, yeah, no shit, that’s what a furry is.

    Conservativism isn’t an ideology, it’s a grift. Conservatives sell the idea that whatever policies and regulations help them are good because they are part of some glorious tradition, and then any policies and regulations that don’t help them are evil government oppression. You’re on their team, or you’re the enemy. That’s always what conservativism has been. Narcissism and fascism talking like stoics, bearing a holy book and draped in the flag.

    It’s more obvious now because Trump isn’t good at pretending. Imagine a furry convention where everyone there is trying to imagine they are really animals, and then there’s Trump running the show, wearing an ill-fitting blue suit, long tie, and a headband with cat ears. And then he’s like “bark, I’m a tiger or whatever. If you don’t think I’m the best lion ever, you can get the fuck out.” And all the furries who don’t play along are exiled from the convention. “Are you a lion or a tiger?” Banished! “Did you just bark?” BANISHED!

    And it’s possible because none of them ever were real animals. They have always been pretending because it feels good to pretend. Some have been better pretenders, others more committed to their role, and some have been pretending for so long that they don’t even realize they are pretending. But to keep pretending, they have to bow to their self-proclaimed god-king emperor.

    Apologies to any furrys for the analogy. I know furries don’t actually think they are animals.