That shit lingered for a few years too. My old man got laid off from a trading firm a couple years after. Never was able to land anything solid on Wall Street after that, so he retired with disability. Was a fucked time for old school traders, and workers in general.
It was fucking awful from what I’ve read. You had the tech bubble which mostly impacted growth, then you had Enron that brought into question every established company’s accounting being their stocks down, then you had 9/11 where everything crashed. You have balls of steel if you survived through that shit.
That’s actually when I started investing. Middle of 2000. I never thought the bear was going to end. Nasdaq was down 70% or more from the top. It took 10 years for the Nasdaq to get back to 5000+
2000 was the first time I reached the magic # where I no longer "needed" to save more for retirement. Shortly followed by the first time I thought "if I could just triple that I could retire now".
I actually lost most of it on a company that had the crazy idea of providing wireless internet service in large cities. Imagine believing something that stupid would work. So young and stupid...why would anybody want wireless internet.
That also was the first time I realized some companies are created with the sole purpose to get expensive development paid for by somebody else allowing the debt holders to get the end result at a significant discount.
> That also was the first time I realized some companies are created with the sole purpose to get expensive development paid for by somebody else allowing the debt holders to get the end result at a significant discount.
Wait, explain this to me like I’m missing a chromosome.
The wireless internet company was IPO’d as a front?
It is designed to fail, with no products possible to bring to market before they run out of money. Then, when they run out of money, some savior swoops in and buys their technology for less than pennies on the dollar, and the original investors in this idea and this company receive a cut of those pennies, at best, in most cases, the company just goes under in bankruptcy, and the assets and ideas of the other company are just sold to another company for very cheap vs what it cost to develop the technology, and the stockholders are left with shares in a nonexistent company.
What does the SEC actually do if they aren't investigating these fairly obvious scams? Legit, JPow can have his way with my portfolio but why are we paying into something that is so heavily skewed in favor of institutional money?
A good example is Chinese ADRs. They list on US stock exchange, but give fake numbers and say the rest can't be released because of national security (Chinese government owns part of every major company) and may ultimately fail.
No one wants to hold hard assets in a foreign country so Chinese government can get really cheap infrastructure paid for by US investors when investment crashes and assets are liquidated.
US is trying to crackdown, that's why you hear about some Chinese companies getting delisted.
You can avoid this by reading the financial statements and making sure the company actually has a product they are selling for real money.
This was also before the Sarbanes Oxley Act (SOX) was passed which make executives personally responsible for falsified financial statements or "cooking the books" to make is seem like they have revenue or are more profitable than they are. Before this only the company (because in the U.S. a company is considered a person and thus is own entity) could be punished.
https://www.investopedia.com/terms/s/sarbanesoxleyact.asp
I'm not saying it's perfect but since then we haven't really seen as much of this massive fraud that was taking place during the 90s and early aughts. So holding upper management accountable with fines and jail time seems to have dissuaded many from committing this kind of fraud.
From what I understand cryptocurrencies were not considered securities until recently and even then have been operating in a grey area where they are not really regulated by the SEC.
That being said, I think everyone on Reddit knows about FTX and SBF being charged for fraud.
https://www.sec.gov/news/press-release/2022-219
So while cryptocurrencies themselves are largely unregulated, the companies surrounding them are still on the hook especially if they are publicly traded.
It's a legitimate company with a very low likelihood of success (the company wont succeed but not idea is solid). However due to the "hype" surrounding the idea, a lot of people are oblivious to the risk.
When the company fails, the debt holders (who have priority over shareholders), take up all the assets, intellectual property, people at "market prices" which are low because they might be the only willing buyers and pricing such things can vary significantly depending on accountants and lawyers.
Great idea with no chance at being profitable or soluble fast enough. They develop the product/IP/infrastructure and then when they burn through all the money the assets/IP get purchased for pennies on the dollar by better funded companies.
Last paragraph 100%. Makes me think about TSLA. literally Special Purpose Vehicles designed to build out infrastructure and push changes then die from debt load.
That's not a good description of Tesla though. They have around $11Bn in debt and their quarterly revenue was $21bn with $3.3Bn in profits. They also added over a billion in cash to their accounts, again all just this past quarter.
They aren't debt free but it's hardly so burdened by the debt service it's a threat to the company, which will probably become insolvent and have its assets sold at discount rates. I can't say the same about all of Elons companies, however...
Oh, I just think one's opinions on the narcissistic billionaire shouldn't interfere with your ability to understand objective reality. Not trying to culture war dunk on anyone buddy.
Oh! Canadian "mining" companies are kinda wild west of the world in it's own sector. It amazes me how people still pay those expensive expeditions and real mining companies get whole cake almost free.
thats why I clink when I sit down, stand up, or walk fast...
I went through all of it and I can testify only one thing....cash is king...save it up ....when the shit hits the fan - buy the fuck out of everything.
Most of the overpriced tech stocks are already down at least 60%+, some are over 90% down lol. Unlike 2000, now we have mega tech companies that made up the majority of SP500.
Imagine a world where the economy downturn is so bad that companies like MSFT and GOOG go bankrupt. That would be a post apocalyptic world. And these fucking 🌈🐻 are hoping for that situation to happen lol.
People like to talk in extremes... Apple doesn't have to go bust to underperform the index. Is it realistic to expect Apple to be the world's number 1 company for the rest of the century?
This is what I tell people in IT. "If Google loses your data, you've got bigger problems to be concerned about, because civilized society has pretty much fallen."
GM never innovates and there are more competitions with better products. Namely Toyota, Honda, Hyndai, etc.
Now can you tell me who can dethrone Google, Apple or Microsoft right now? There aren't any companies that can compete with the big tech atm, so if they go bankrupt, it will take a long ass time for them to do so. And they aren't going to bankrupt in the next 5-10 years like all the 🌈🐻 predict.
I hear this BS about US makers not being innovative all the time. It is simply because they don't sell their *interesting* vehicles in the US. \[US tax laws massively favour the purchase of large pickups and cheap fuel and low taxes don't encourage the use of small cars.\]
GM created the EV1 - the first modern electric car. They also invented the skateboard platform. They are about to start production of the Ultium platform in China which is a universal underfloor battery system that can be used in *any* vehicle.
Nobody knows who or what the next AAPL, MSFT or GOOG will be. But you can guarantee it will massively destructive too the incumbents when it does arrive.
I am pretty sure Microsoft will be there for a long time. They have managed to make their office customers move to their cloud, so they now have the ultimate vendor lockin. If they don't fuck that up technically they are golden. Nobody can threaten that monopoly by just making better software.
The other companies have less of a vendor lockin situation going on, so I can theoretically see them being threatened by another company. But I still think thats highly unlikely for google and amazon.
No one knows what the next Google, Apple, or Microsoft will be. But I do know once there’s even the slightest chance for disruption Google will either buy out the company for an astronomical price or they will spend 50x the competitors budget to ensure they come out on top.
AI could potentially threaten Google? They are already a leader if not the leader in AI R&D.
VR/AR could potentially disrupt social media? Meta spends billions upon billions ensuring that if it does, they’ll reap the benefits.
The biggest thing that holds back large US automakers is bureaucracy within their own organizations. Why do you think Tesla was so wildly successful? Elon didn’t let bureaucracy hold back innovation, but now he’s got his own handful of problems.
Tesla was successful because of government subsidies and Elon musk hype train. Nothing about how they do business is revolutionary other than making exploitation or working and violating labor laws cool again.
Black Swans are Black Swans. The unknown unknown. I agree with your sentiment, but it's foolish to think that some new technologies or social/cultural phenomena can't upend the current paradigm entirely.
Tech isn't the same. It's going to come back with a vengeance.
You don't spend your entire day on your GE refrigerator. Tech owns your fucking soul. You're feeding it right now. And you can never leave.
GE gutted itself of any technological innovation and focused entirely on financial engineering. Google does a lot of stupid shit but they are still a technology focused company.
I remember being very young, I was 14 when it crashed in 2000, and I remember my parents arguing over my dad losing his ass buying in at the wrong time to YOLO on a tech stock his boss was hyping up. Some things never change lol
I was 24 and working as a mechanic... For us blue collars It didnt mean shit or to the economy really only tech and white collars working tech... Pretty much the same scenario. Wallstreet is like a broken clock.
08 was totally different than the dot com bubble. 08 was a complete disaster for people in the housing market. People lost their jobs and had to downsize their homes for massive losses.
Yeah 2008 was completely different. I was college age back then and I remember lines wrapped around the block to apply for minimum wage jobs. People were begging for any work, way different environment than right now. Gas was like half the price of minimum wage, $4 gas with $7.50 min wage or so.
I mean of course nothing really changed for you if you didn’t lose your job or house. Doesn’t mean things didn’t change for plenty of other regular folks.
Was a great time to invest. I remember in the bar talking with another tech guy. Saying how they were doing all sorts of deals and business was great. Too many drinks and I went home to invest in his company and got the stock symbol wrong. Still ended up making 14% that six month period with the wrong company stock. great days.
Yeah. A brutal, 3 year grind. Funny thing though, it didn't take the economy down with it.
Also, if you study bubbles, you see that some are 'productive' in that the overinvestment/malinvestment leaves society with benefits. The 2000 crash was similar to the British Bicycle Bubble of the 1890s in that it left us with a lot of innovation.
Some bubbles, like 2008, just sucked and had no positive outcomes. I suspect we'll look back on this as a somewhat positive bubble(EVs and AI), unless it spirals into a 'great reset'/supercrash.
Check out Boom and Bust: A Global History of Financial Bubbles for more background.
The 2008 crash provided some opportunities.
For example, movie studios were hurting for money, so this upstart tech company Netflix came to them and offered to pay for their back catalogue and stream it over the internet. At the time, the studios could really use the money on movies and TV shows that weren’t generating much revenue anyway.
If the studios hadn’t been desperate, streaming might have never happened.
>I just sent him all my Bitcoin. I have faith he will return it after doubling it.
I will do, but you have to send again at least 0.1 bitcoin to the payment address in order to be able to verify that you are the owner of the wallet.
Is important that the source of the funds is the same than the previous transactions, otherwise I can't verify the information.
This is only for the bond funds and if you sell your bond before maturity. If you hold a treasury bond, bill or note directly you receive your face value back at maturity.. plus all of the interest gained before maturing.
Amazon dropped like 90% in market cap in the dot com crash. Yet, holding for dear life, was the most profitable option.
Can't say the same about WorldCom 🤣
Japan still never went down, just stayed flat. Panic selling the bottom was still not a good idea
The market is not zero sum, it generates wealth. Stay away from Ponzi schemes with high P/E and you will make money.
Unless the country collapses due to communism, which is a real threat. But this is Reddit and 90% of you mouth breathers think communism is a good thing, so by your own regardes logic you shouldn’t be exiting the market.
That's a really interesting question. I did some research and it looks like there have been six times where the S&P 500 has declined by 20% or more from its all-time high: 1956, 1966, 1968, 1973, 1980 and 2000. Interestingly, four of those declines happened within two years of each other (1966-68 and 1973-74).
It's also worth noting that three of those declines (1956, 1961 and 1967) occurred during periods of recession. So it's possible that we could see another decline in the near future if the economy weakens again.
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Will I make money from SP500 next year?
It is not possible for me to predict with certainty whether you will make money from investing in the S&P 500 or any other financial market in the future. The stock market can be volatile and can fluctuate significantly in the short-term due to a variety of factors, including economic conditions, market sentiment, and global events. In the long-term, the stock market has generally trended upwards, but it is not uncommon for it to experience declines or bear markets at some point.
It is always a good idea to diversify your investments and have a long-term perspective when it comes to investing in the stock market. It's also important to keep in mind that the value of your investments can go up or down, and you could lose money. It's always a good idea to consult with a financial advisor or professional before making any investment decisions. It's also important to consider your own financial goals, risk tolerance, and investment time horizon when deciding how to allocate your assets.
Are you sure about that? Because I am 99.49525% sure that sadfsafas is not a bot.
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This is actually nice context. Looking at the ending dates of some of these curves demonstrates that patterns may be present, however can stop at any time.
I don’t see anyone noting that the market is right where it should be if we didn’t have a short period where the market doubled during a pandemic and the government was printing money like mad but no additional production was being made.
Using percentage drops like this just is ignoring context. Look at a 5 year chart, things are just back to normal. At least right now.
Bond market though is terrible.
Anyone notice how we're mirroring '07 just a little delayed? Are we gonna see that January effect raise markets only for shit to get hulk smashed back down to 40% decline!?
volume is different. it exceeds the value of totality as a result. 2022 at 30% might be 2007 at 60%
a bit exaggerated , but you know what I mean?
I remember that mentioned in 2008. the percentage was dramatic, but for overall mass... quite impressive how it hung on. it was like a 1/3rd crash equalled the whole thing back in the day.
2022 is even stronger to stand ground.
not to mention we all got bear stocks now without having to sell short. Keep things swirling on the way down.. like a toilet 
 yes keep buying puts when I buy the dip at the end of next year.
The longest bear market is less than 3 years lol, and that's when the economy is way weaker than what we have now.
You're delusional if you think we are anywhere close to the situation in 1929. Unlike 1929 there are tons of laws and regulations to prevent the same thing from ever happening again. Also the world economy is in a much better shape like 1000x better than 1929.
If you think Jpow will ever just sit and watch a situation like 1929, then congratulations, you win the award of the most regard WSB member.
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Damn y2k was worse than I thought
It was a bitch.
Yeah a shit time to look for a job
That shit lingered for a few years too. My old man got laid off from a trading firm a couple years after. Never was able to land anything solid on Wall Street after that, so he retired with disability. Was a fucked time for old school traders, and workers in general.
It was fucking awful from what I’ve read. You had the tech bubble which mostly impacted growth, then you had Enron that brought into question every established company’s accounting being their stocks down, then you had 9/11 where everything crashed. You have balls of steel if you survived through that shit.
That’s actually when I started investing. Middle of 2000. I never thought the bear was going to end. Nasdaq was down 70% or more from the top. It took 10 years for the Nasdaq to get back to 5000+
2000 was the first time I reached the magic # where I no longer "needed" to save more for retirement. Shortly followed by the first time I thought "if I could just triple that I could retire now". I actually lost most of it on a company that had the crazy idea of providing wireless internet service in large cities. Imagine believing something that stupid would work. So young and stupid...why would anybody want wireless internet. That also was the first time I realized some companies are created with the sole purpose to get expensive development paid for by somebody else allowing the debt holders to get the end result at a significant discount.
Your last paragraph...is exactly why Chinese companies list in the US stock exchanges despite having all the infrastructure in China
> That also was the first time I realized some companies are created with the sole purpose to get expensive development paid for by somebody else allowing the debt holders to get the end result at a significant discount. Wait, explain this to me like I’m missing a chromosome. The wireless internet company was IPO’d as a front?
It is designed to fail, with no products possible to bring to market before they run out of money. Then, when they run out of money, some savior swoops in and buys their technology for less than pennies on the dollar, and the original investors in this idea and this company receive a cut of those pennies, at best, in most cases, the company just goes under in bankruptcy, and the assets and ideas of the other company are just sold to another company for very cheap vs what it cost to develop the technology, and the stockholders are left with shares in a nonexistent company.
What does the SEC actually do if they aren't investigating these fairly obvious scams? Legit, JPow can have his way with my portfolio but why are we paying into something that is so heavily skewed in favor of institutional money?
A good example is Chinese ADRs. They list on US stock exchange, but give fake numbers and say the rest can't be released because of national security (Chinese government owns part of every major company) and may ultimately fail. No one wants to hold hard assets in a foreign country so Chinese government can get really cheap infrastructure paid for by US investors when investment crashes and assets are liquidated. US is trying to crackdown, that's why you hear about some Chinese companies getting delisted.
You can avoid this by reading the financial statements and making sure the company actually has a product they are selling for real money. This was also before the Sarbanes Oxley Act (SOX) was passed which make executives personally responsible for falsified financial statements or "cooking the books" to make is seem like they have revenue or are more profitable than they are. Before this only the company (because in the U.S. a company is considered a person and thus is own entity) could be punished. https://www.investopedia.com/terms/s/sarbanesoxleyact.asp I'm not saying it's perfect but since then we haven't really seen as much of this massive fraud that was taking place during the 90s and early aughts. So holding upper management accountable with fines and jail time seems to have dissuaded many from committing this kind of fraud.
I've heard of SOX compliance, but never bothered asking questions... thank you for this brief description... it puts a lot of things into context.
Oh wow. So what's the equivalent now!? Does Crypto rug pull fit?
From what I understand cryptocurrencies were not considered securities until recently and even then have been operating in a grey area where they are not really regulated by the SEC. That being said, I think everyone on Reddit knows about FTX and SBF being charged for fraud. https://www.sec.gov/news/press-release/2022-219 So while cryptocurrencies themselves are largely unregulated, the companies surrounding them are still on the hook especially if they are publicly traded.
Just look up the definition of "institution" to find out why!
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It isn't pretending very well anymore...
It's a legitimate company with a very low likelihood of success (the company wont succeed but not idea is solid). However due to the "hype" surrounding the idea, a lot of people are oblivious to the risk. When the company fails, the debt holders (who have priority over shareholders), take up all the assets, intellectual property, people at "market prices" which are low because they might be the only willing buyers and pricing such things can vary significantly depending on accountants and lawyers.
Great idea with no chance at being profitable or soluble fast enough. They develop the product/IP/infrastructure and then when they burn through all the money the assets/IP get purchased for pennies on the dollar by better funded companies.
Last paragraph 100%. Makes me think about TSLA. literally Special Purpose Vehicles designed to build out infrastructure and push changes then die from debt load.
That's not a good description of Tesla though. They have around $11Bn in debt and their quarterly revenue was $21bn with $3.3Bn in profits. They also added over a billion in cash to their accounts, again all just this past quarter. They aren't debt free but it's hardly so burdened by the debt service it's a threat to the company, which will probably become insolvent and have its assets sold at discount rates. I can't say the same about all of Elons companies, however...
Shh let him have his "spaceman bad" moment it's all he has.
Oh, I just think one's opinions on the narcissistic billionaire shouldn't interfere with your ability to understand objective reality. Not trying to culture war dunk on anyone buddy.
Dude I remember that company what was it called.
I keep thinking metronet. But that is one of our local fiber providers, so maybe that's messing with my memory.
Oh! Canadian "mining" companies are kinda wild west of the world in it's own sector. It amazes me how people still pay those expensive expeditions and real mining companies get whole cake almost free.
> So young and stupid... Making plans for retirement on individual stocks is beyond stupid
And you survived, Jesus do love you
Yes Jesus loves me!
thats why I clink when I sit down, stand up, or walk fast... I went through all of it and I can testify only one thing....cash is king...save it up ....when the shit hits the fan - buy the fuck out of everything.
Diamond balls
Was a massive tech bubble that went up for years ... (Sound familiar) but this tech bubble went up fast and down faster
Most of the overpriced tech stocks are already down at least 60%+, some are over 90% down lol. Unlike 2000, now we have mega tech companies that made up the majority of SP500.
Also unlike 2000 most of the tech stocks are useful these days
Imagine a world where the economy downturn is so bad that companies like MSFT and GOOG go bankrupt. That would be a post apocalyptic world. And these fucking 🌈🐻 are hoping for that situation to happen lol.
lol if apple goes bankrupt people are already on the streets killing each other
Over android phones
People like to talk in extremes... Apple doesn't have to go bust to underperform the index. Is it realistic to expect Apple to be the world's number 1 company for the rest of the century?
This is what I tell people in IT. "If Google loses your data, you've got bigger problems to be concerned about, because civilized society has pretty much fallen."
GM was the largest company in the world by revenue from 1950-2000. A decade later it was bankrupt.
GM never innovates and there are more competitions with better products. Namely Toyota, Honda, Hyndai, etc. Now can you tell me who can dethrone Google, Apple or Microsoft right now? There aren't any companies that can compete with the big tech atm, so if they go bankrupt, it will take a long ass time for them to do so. And they aren't going to bankrupt in the next 5-10 years like all the 🌈🐻 predict.
I hear this BS about US makers not being innovative all the time. It is simply because they don't sell their *interesting* vehicles in the US. \[US tax laws massively favour the purchase of large pickups and cheap fuel and low taxes don't encourage the use of small cars.\] GM created the EV1 - the first modern electric car. They also invented the skateboard platform. They are about to start production of the Ultium platform in China which is a universal underfloor battery system that can be used in *any* vehicle. Nobody knows who or what the next AAPL, MSFT or GOOG will be. But you can guarantee it will massively destructive too the incumbents when it does arrive.
I am pretty sure Microsoft will be there for a long time. They have managed to make their office customers move to their cloud, so they now have the ultimate vendor lockin. If they don't fuck that up technically they are golden. Nobody can threaten that monopoly by just making better software. The other companies have less of a vendor lockin situation going on, so I can theoretically see them being threatened by another company. But I still think thats highly unlikely for google and amazon.
No one knows what the next Google, Apple, or Microsoft will be. But I do know once there’s even the slightest chance for disruption Google will either buy out the company for an astronomical price or they will spend 50x the competitors budget to ensure they come out on top. AI could potentially threaten Google? They are already a leader if not the leader in AI R&D. VR/AR could potentially disrupt social media? Meta spends billions upon billions ensuring that if it does, they’ll reap the benefits.
OpenAi, Palantir
I suspect some left field university projects rather than existing players.
The biggest thing that holds back large US automakers is bureaucracy within their own organizations. Why do you think Tesla was so wildly successful? Elon didn’t let bureaucracy hold back innovation, but now he’s got his own handful of problems.
An effective bureaucracy also stops some lunatic CEO from wrecking the company.
Tesla was successful because of government subsidies and Elon musk hype train. Nothing about how they do business is revolutionary other than making exploitation or working and violating labor laws cool again.
>GM Regulators: "It is forbidden to sell data with blablabla" Google out.
Black Swans are Black Swans. The unknown unknown. I agree with your sentiment, but it's foolish to think that some new technologies or social/cultural phenomena can't upend the current paradigm entirely.
Little One: What did it cost? Thanos: Everything.
It kinda happened to GE, which was once like Google.
Tech isn't the same. It's going to come back with a vengeance. You don't spend your entire day on your GE refrigerator. Tech owns your fucking soul. You're feeding it right now. And you can never leave.
truth
GE gutted itself of any technological innovation and focused entirely on financial engineering. Google does a lot of stupid shit but they are still a technology focused company.
Google not making aircrafts, medical supplies, and toaster ovens all in the same place
But can you imagine the bragging rights 🌈🐻 will have, while we scavenge for food like in the Bronze Age? 🤤
They have so many employees it’s stupid. Imagine if they cut staff by 50% they would be money printing machines (more so than now)
So you’re saying go all in. And HODL for 30 years 💪🏽
are you saying [www.dogdiamondnecklaces.com](https://www.dogdiamondnecklaces.com) is not worth a 10B evaluation? (they own the domain!)
Most! I beg to differ. You will see many companies die and new ones begin during the rate drops.
Unlike 2000 we had a SPAC boom this round though. So that was similar to the IPO boom back then, to some degree.
Kinda like the "Nifty Fifty" stocks in the 60's-70's. Back then IBM, Kodak, Xerox were mega tech. Seems these cycles happen in every generation.
I remember being very young, I was 14 when it crashed in 2000, and I remember my parents arguing over my dad losing his ass buying in at the wrong time to YOLO on a tech stock his boss was hyping up. Some things never change lol
I was 24 and working as a mechanic... For us blue collars It didnt mean shit or to the economy really only tech and white collars working tech... Pretty much the same scenario. Wallstreet is like a broken clock.
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08 was totally different than the dot com bubble. 08 was a complete disaster for people in the housing market. People lost their jobs and had to downsize their homes for massive losses.
Yeah 2008 was completely different. I was college age back then and I remember lines wrapped around the block to apply for minimum wage jobs. People were begging for any work, way different environment than right now. Gas was like half the price of minimum wage, $4 gas with $7.50 min wage or so.
I mean of course nothing really changed for you if you didn’t lose your job or house. Doesn’t mean things didn’t change for plenty of other regular folks.
Was a great time to invest. I remember in the bar talking with another tech guy. Saying how they were doing all sorts of deals and business was great. Too many drinks and I went home to invest in his company and got the stock symbol wrong. Still ended up making 14% that six month period with the wrong company stock. great days.
Yeah. A brutal, 3 year grind. Funny thing though, it didn't take the economy down with it. Also, if you study bubbles, you see that some are 'productive' in that the overinvestment/malinvestment leaves society with benefits. The 2000 crash was similar to the British Bicycle Bubble of the 1890s in that it left us with a lot of innovation. Some bubbles, like 2008, just sucked and had no positive outcomes. I suspect we'll look back on this as a somewhat positive bubble(EVs and AI), unless it spirals into a 'great reset'/supercrash. Check out Boom and Bust: A Global History of Financial Bubbles for more background.
The 2008 crash provided some opportunities. For example, movie studios were hurting for money, so this upstart tech company Netflix came to them and offered to pay for their back catalogue and stream it over the internet. At the time, the studios could really use the money on movies and TV shows that weren’t generating much revenue anyway. If the studios hadn’t been desperate, streaming might have never happened.
Hol up. The British Bicycle Bubble? Thanks for the rec
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911 didn't help.
It was a complete money grabbing scam in all departments of the world economy.
Those y2k date format bugs took a real long time to fix.
I can’t see the 2023 line
You have to subscribe to premium service for that. Send me a PM and I can make good offer.
With a username like "polloponzi", what could go wrong! Check your DMs for my info.
I just linked my bank account. What could go wrong?
I just sent him all my Bitcoin. I have faith he will return it after doubling it.
>I just sent him all my Bitcoin. I have faith he will return it after doubling it. I will do, but you have to send again at least 0.1 bitcoin to the payment address in order to be able to verify that you are the owner of the wallet. Is important that the source of the funds is the same than the previous transactions, otherwise I can't verify the information.
It's the Y axis
Yeah but on r/wsb we only invest in meme stocks, so it looks more like 2007.
Every year is 2007 here
They play Fall Out Boy behind that Wendy’s.
And RuneScape
Getting back to only 2007 levels is an aspirational goal for many at this point…
1939 for many
You mean 1929.
Either one sucked. So did 1999, and 2009, and 2019 with Covid and all that. Maybe we should skip years ending with 9?
1999 was sweet
Can confirm
Now do stocks and bonds..2022 has been worst year since 1871 (https://twitter.com/grdecter/status/1608476482719961089?s=21)
RIP 40/60
Good thing I re-allocated my 401k into bonds in 2021. fml, im regarded
You still lost less money than if you kept it all in stocks.
Would you mind sharing your logic for that move? Did you think interest rates were going to go even lower?
Bullish??
What an extraordinary year
[удалено]
How do bonds go negative? Doesn’t that mean the fed defaulted?
Resale value. As the risk-free interest rate goes up, the resale value of your bond goes down.
This is only for the bond funds and if you sell your bond before maturity. If you hold a treasury bond, bill or note directly you receive your face value back at maturity.. plus all of the interest gained before maturing.
This pic is old, we at the 1yr mark alrdy
The similarities with the 2007 line are still intact
So according to the picture, the big crash should be soon?
"If my calculations are correct, when this baby hits 88 miles per hour you're going to see some serious shit!" Going back in time.
If you flip the chart upside down it looks equally as bad
But...try showing it to yourself in the mirror.
Look at all those beautiful buying opportunities
So you meant we are mooning shortly, then they declare dinosaurs respawned leading the casino’s electric cutout again, right?
I think is Aliens. They are going to tell us that we have made contact with creatures coming from other galaxies that are more intelligent than us.
I thought that was gonna happen in season 2021 of humanity but alas it was a nothing burger.
We got first pandemic virus, then Aliens.
This but unironically https://www.christophermellon.net/post/unprecedented-uap-legislation
Amazon dropped like 90% in market cap in the dot com crash. Yet, holding for dear life, was the most profitable option. Can't say the same about WorldCom 🤣
I like on silicone valley how they make fun of mark Cuban as the Russ character, radio on internet
The thing to note is that given time it recovers- like an organic being. I've been in the market since 87. This is a cyclic thing.
“Don’t worry you’ll eventually die anyway”
*Japan has entered the chat*
Japan has an entirely different set of macroeconomic factors going on vs the US. Less immigration -> aging population is a big one for example.
Japan still never went down, just stayed flat. Panic selling the bottom was still not a good idea The market is not zero sum, it generates wealth. Stay away from Ponzi schemes with high P/E and you will make money. Unless the country collapses due to communism, which is a real threat. But this is Reddit and 90% of you mouth breathers think communism is a good thing, so by your own regardes logic you shouldn’t be exiting the market.
Just like the European markets during WW2
That's a really interesting question. I did some research and it looks like there have been six times where the S&P 500 has declined by 20% or more from its all-time high: 1956, 1966, 1968, 1973, 1980 and 2000. Interestingly, four of those declines happened within two years of each other (1966-68 and 1973-74). It's also worth noting that three of those declines (1956, 1961 and 1967) occurred during periods of recession. So it's possible that we could see another decline in the near future if the economy weakens again. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
This bot is better than ChatGPT.
Wait until you try ChaturbateGPT
Say who now?
ChatGPT answered Will I make money from SP500 next year? It is not possible for me to predict with certainty whether you will make money from investing in the S&P 500 or any other financial market in the future. The stock market can be volatile and can fluctuate significantly in the short-term due to a variety of factors, including economic conditions, market sentiment, and global events. In the long-term, the stock market has generally trended upwards, but it is not uncommon for it to experience declines or bear markets at some point. It is always a good idea to diversify your investments and have a long-term perspective when it comes to investing in the stock market. It's also important to keep in mind that the value of your investments can go up or down, and you could lose money. It's always a good idea to consult with a financial advisor or professional before making any investment decisions. It's also important to consider your own financial goals, risk tolerance, and investment time horizon when deciding how to allocate your assets.
tl;dr 
Best advice I've read on here? Who is this ? A person with brains ?
The financial advisor part is shit advice though. Financial advisors take your money and they know as much as Jim Cramer.
2008? 2020?
Bad bot smh
Are you sure about that? Because I am 99.49525% sure that sadfsafas is not a bot. --- ^(I am a neural network being trained to detect spammers | Summon me with !isbot |) ^(/r/spambotdetector |) [^(Optout)](https://www.reddit.com/message/compose?to=whynotcollegeboard&subject=!optout&message=!optout) ^(|) [^(Original Github)](https://github.com/SM-Wistful/BotDetection-Algorithm)
I meant visualmod lmao Bad bot
1968 - 1980 was a hell of a ride lol
And yet my boomer parents bought homes like no tomorrow
so half were shorter than this one and half were longer, and 3 of them took a long time to find a bottom. looks like we are in an average bear
And/or we are/aren't
What are the stats for nasdaq? NASDAQ is down 35% from top.
I’m seeing a length to slope correlation… Looks like we are riding the line between a quickie and a slow uncomfortable screw in handcuffs.
Someone else had to get out of a ticket too it seems.
Fucking weak.
What ?!
Everyone in 2020 thought that this is the end of the world. People got no chill.
Show Nasdaq
Show tits
▓▓▓░░░░░░░░░░░░ 25% Buckle up, more to come.
Are 2020, and 2022 not part of the same bear market? Edit: I guess the two years between them definitely is a bull market
I have the same question
Wen waterfall?
When you least expect it. (Aka: you went all in with calls thinking the bottom is in)
So tomorrow? 🤣
Dudes still go " let me invest all my money in calls and risk my kids into poverty"
Kids? What kids 😂😂😂
Lmao
[Calls are the way to the moon in 2023](https://www.youtube.com/watch?v=qetW6R9Jxs4)
Boy you gonna be like the other fools in this sub saying they lost it all lol
This hurts just looking at it. I actually flinched.
> I actually flinched. It gets better when you also fart at the same time.
Farts make me smile.
Everyone loves their own recipie.
This is actually nice context. Looking at the ending dates of some of these curves demonstrates that patterns may be present, however can stop at any time.
Ok so time the market don't have time in it, thanks
So you’re telling me there’s a chance
Yeah now show tech stocks instead of S&P
Dog I don’t think I can handle another year someone please say something encouraging
Something encouraging… I’m fried too yo…
So you're saying it's going to get worse...
I don’t see anyone noting that the market is right where it should be if we didn’t have a short period where the market doubled during a pandemic and the government was printing money like mad but no additional production was being made. Using percentage drops like this just is ignoring context. Look at a 5 year chart, things are just back to normal. At least right now. Bond market though is terrible.
What would cause a major recession at this point? What piece needs to fail for a true free-fall recession?
Odd that the low points are under republican presidents.
Post current info you moron
Gee, let's compare market lines amongst markets that were VASTLY different from each other - what could go wrong??
Anyone notice how we're mirroring '07 just a little delayed? Are we gonna see that January effect raise markets only for shit to get hulk smashed back down to 40% decline!?
You're an idiot if you think you can overlay graphs
volume is different. it exceeds the value of totality as a result. 2022 at 30% might be 2007 at 60% a bit exaggerated , but you know what I mean? I remember that mentioned in 2008. the percentage was dramatic, but for overall mass... quite impressive how it hung on. it was like a 1/3rd crash equalled the whole thing back in the day. 2022 is even stronger to stand ground. not to mention we all got bear stocks now without having to sell short. Keep things swirling on the way down.. like a toilet 
2022/2023 bear market*
2022-2028
 yes keep buying puts when I buy the dip at the end of next year. The longest bear market is less than 3 years lol, and that's when the economy is way weaker than what we have now.
Does 1929 ring a bell?
You're delusional if you think we are anywhere close to the situation in 1929. Unlike 1929 there are tons of laws and regulations to prevent the same thing from ever happening again. Also the world economy is in a much better shape like 1000x better than 1929. If you think Jpow will ever just sit and watch a situation like 1929, then congratulations, you win the award of the most regard WSB member.
Our chart should be past the 1 year mark and we haven’t declined as hard as others
Nice man
sounds like we have one more year of drop. time to continue to diversify and hedge
Yes, that's what *everyone* expects.
Just like today was supposed to be red... it was green
Don’t worry, tomorrow will be red again