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HA! That was exactly who I pictured when I read that too.

We're definitely guys of a certain age.

CNN headline story credits Trump for the stock market's success.

You know why I'm posting this. In the words of Anthony Jeselnik, "You know, just to be an asshole."

When the dollar has dropped 12%, 19% gains become 7%

Still a gain though.

Leisher wrote: ↑Tue Nov 04, 2025 9:45 am Still a gain though.

True. My accounts are not complaining.

When this tech bubble bursts, will it be worse than the last?

Cakedaddy wrote: ↑Tue Nov 04, 2025 11:12 am When this tech bubble bursts, will it be worse than the last?

Hard to know. I would guess not (you mean the dot-com burst?) at the moment. Or do you mean the last bubble (housing/financial/etc in '08?) I would also guess not as bad as that.

I meant the dot-com burst.

I think it will be worse. It didn't prop up a broken economy. Right now, AI is the only thing holding the market up, so we can pretend the economy is doing well. When it goes, I think it will be on par with the housing crash.

Well, I lost my job in the dot-com crash, and will be retired this time around, so....

It's weird, because what if they are right, and the AI revolution actually happens?

TheCatt wrote: ↑Tue Nov 04, 2025 11:49 am and the AI revolution actually happens?

It'll all depend on how far it went.

Ultimately, the end game would be: AI solved most problems and nobody needs jobs anymore, which eliminates all business and currency.

If it only scratches the surface and people just end up unemployed...shit's going to hit the fan.

Leisher wrote: ↑Tue Nov 04, 2025 2:49 pm If it only scratches the surface and people just end up unemployed...shit's going to hit the fan.

True, but the company that makes the world 10-20% more efficient makes a SHIT TON of money.

TheCatt wrote: ↑Tue Nov 04, 2025 4:26 pm True, but the company that makes the world 10-20% more efficient makes a SHIT TON of money.

They will indeed.

My concern is that they won't hit 10-20%, but 80-90% and the world isn't ready for that.

Job cuts for the month totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003. This has been the worst year for announced layoffs since 2009.

https://www.cnbc.com/2025/11/06/job-cut ... -says.html

The Rs need to learn to pad the jobs reports like the Ds. Just hire a bunch of seasonal gov workers and BAM!, great jobs report.

But seriously, now do corporate profits for the same month. Hint: They didn't go down...

As I've said before, doesn't matter if the guy in the Oval Office has a red or blue tie, they have nothing to do with the "record profits every quarter" bullshit that Wall St is pushing, which results in constant downsizing of workforces.

Amazon isn't cutting 14K-30K corporate jobs because of Trump. (I'm not even going to mention the 150K Amazon plans to cut soon thanks to robotics and AI.)

Greed is indeed good, but like with everything, only in moderation.

Leisher wrote: ↑Thu Nov 06, 2025 9:44 am The Rs need to learn to pad the jobs reports like the Ds. Just hire a bunch of seasonal gov workers and BAM!, great jobs report.

Job reports are seasonally adjusted to account for this. Mostly.

Leisher wrote: ↑Thu Nov 06, 2025 9:44 am But seriously, now do corporate profits for the same month. Hint: They didn't go down...

We want efficiency.

Leisher wrote: ↑Thu Nov 06, 2025 9:44 am Amazon isn't cutting 14K-30K corporate jobs because of Trump

14k is like 4%. That's just not that big. Unless you're one of the 14k.

Greed is good.

Invisible hand.

TheCatt wrote: ↑Thu Nov 06, 2025 11:10 am We want efficiency.

Horseshit. It's all very short sighted, and is solely about money. It's like a giant pyramid scheme and everyone's trying to get as much out before it topples. And it will topple.

Mamdami getting elected should be a wake up call for Wall St, but it won't be. These asshats will just take their money and run as the U.S. voters elect more and more business unfriendly politicians like him. They don't care about the future, only themselves.

TheCatt wrote: ↑Thu Nov 06, 2025 11:10 am 14k is like 4%. That's just not that big. Unless you're one of the 14k.

It's 9% of the jobs cut in that report. That's not nothing. Also, that's just one company.

TheCatt wrote: ↑Thu Nov 06, 2025 11:10 amInvisible hand.

As I've said forever, it's broken. The system has been gamed to prevent people from having the ability to exert their will.

Leisher wrote: ↑Thu Nov 06, 2025 4:47 pm It's 9% of the jobs cut in that report. That's not nothing. Also, that's just one company.

4% of Amazon.

Leisher wrote: ↑Thu Nov 06, 2025 4:47 pm As I've said forever, it's broken.

I don't think it's broken. But, I'm an optimist

https://www.wsj.com/livecoverage/stock- ... _lead_pos1

New data showed the mood among U.S. households darkening, as many worry about the economic effects of the government shutdown. Preliminary survey results from the University of Michigan suggested consumer sentiment has fallen toward record-low levels.

The Nasdaq composite led indexes lower earlier Friday, building on a pullback in the previous session. The tech-heavy index is on track for its worst week since an April drop triggered by "Liberation Day."