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Market drops after election

TigerGrowls

TigerGrowls

Heisman
Dec 21, 2001
50,101
39,128
113
Business knows what occurs when democrats are in control.



🚨 BREAKING: The post-election market rally just got completely obliterated.
Over $2 TRILLION wiped out this morning as tech and chip stocks go into freefall. The S&P and NASDAQ are getting hammered.
Investors are seeing what Democratic policies mean for business, and it isn’t pretty. Buckle up! 🇺🇸📉 x.com/EricLDaugh/sta…
 
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TigerGrowls

TigerGrowls

Heisman
Dec 21, 2001
50,101
39,128
113
The markets know the dems are bad for American businesses.



The average American lost $8,200 from their retirement accounts today (401k + Roth IRA).

If gas prices were cut in HALF today and inflation was 0% it would take SIX years to recover what they lost.

SIX years; and that is obviously best-case scenario.

But the legacy media won’t tell you Wall Street is reacting to the Blue Wave—even though Democrats elected Tuesday are anti-capitalism, pro-regulation, pro-tax.

And they are anti-wealth (for all but themselves).
 
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JohnHughsPartner

JohnHughsPartner

Heisman
Nov 19, 2016
8,230
10,425
113
TigerGrowls said:
Business knows what occurs when democrats are in control.



🚨 BREAKING: The post-election market rally just got completely obliterated.
Over $2 TRILLION wiped out this morning as tech and chip stocks go into freefall. The S&P and NASDAQ are getting hammered.
Investors are seeing what Democratic policies mean for business, and it isn’t pretty. Buckle up! 🇺🇸📉 x.com/EricLDaugh/sta…
Click to expand...

 
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fatpiggy

fatpiggy

Heisman
Aug 18, 2002
27,893
26,872
113
Historically the market has performed well under Republicans and Democrats. If democrats crash the economy they will get voted out just as fast as Republicans just did. I think the current reaction is a little over blown. Great buying opportunity if you have the cash.
 
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firegiver

firegiver

Heisman
Sep 10, 2007
74,723
21,949
113
When they blamed AI for laying off people, yall believed it. Really, they had over hired during the pandemic.
Whey they manufactured AI 'rogue models' that broke out and oh wow they scary, yall believed them. Even though they promted the models to go rouge and that was their whole goal, then they went on a media tour begging the government to regulate the market. Why? Because the open models and competition are going to eat their lunch. So they wanted a manufactured monopoly through regulation.
Now when Oracle cancels a 7 billion dollar deal and SpaceX takes a dive, which causes Google to take a dive... we blame the politics. The AI market is completely over exposed and a correction is coming.
We've seen thsi all before in the dot come crash. Its not like the tech isn't definitely great, its just that investors went slap happy and these companies took on way too much debt.
 
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fatpiggy

fatpiggy

Heisman
Aug 18, 2002
27,893
26,872
113
firegiver said:
When they blamed AI for laying off people, yall believed it. Really, they had over hired during the pandemic.
Whey they manufactured AI 'rogue models' that broke out and oh wow they scary, yall believed them. Even though they promted the models to go rouge and that was their whole goal, then they went on a media tour begging the government to regulate the market. Why? Because the open models and competition are going to eat their lunch. So they wanted a manufactured monopoly through regulation.
Now when Oracle cancels a 7 billion dollar deal and SpaceX takes a dive, which causes Google to take a dive... we blame the politics. The AI market is completely over exposed and a correction is coming.
We've seen thsi all before in the dot come crash. Its not like the tech isn't definitely great, its just that investors went slap happy and these companies took on way too much debt.
Click to expand...
Im going to disagree. I think it's going to disrupt a great many of industries. It will be a net positive, but things are going to change and our lives will improve as a result. As the technology becomes available to the masses, productivity should explode. Much the way the internet powered the economy in the late 90's. Some went Boom, many went Bust, but it's the backbone of our economy today. That's how i see AI. $.02

These companies have taken on so much debt, we have no choice but to succeed. If they don't suceed then the economy won't succeed.

I'm on team America. Democrats don't want to harm the economy. If they do, they will be voted out with the quickness. Voters spoke loud and clear. They want a strong economy with low inflation. That's the main takeaway from the last two elections, imo.
 
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B

bdgan

All-American
Oct 12, 2021
5,613
5,431
113
fatpiggy said:
Historically the market has performed well under Republicans and Democrats. If democrats crash the economy they will get voted out just as fast as Republicans just did. I think the current reaction is a little over blown. Great buying opportunity if you have the cash.
Click to expand...
Senators remain in place for 6 years so voting them out will take a long time.
 
firegiver

firegiver

Heisman
Sep 10, 2007
74,723
21,949
113
fatpiggy said:
Im going to disagree. I think it's going to disrupt a great many of industries. It will be a net positive, but things are going to change and our lives will improve as a result. As the technology becomes available to the masses, productivity should explode. Much the way the internet powered the economy in the late 90's. Some went Boom, many went Bust, but it's the backbone of our economy today. That's how i see AI. $.02

These companies have taken on so much debt, we have no choice but to succeed. If they don't suceed then the economy won't succeed.

I'm on team America. Democrats don't want to harm the economy. If they do, they will be voted out with the quickness. Voters spoke loud and clear. They want a strong economy with low inflation. That's the main takeaway from the last two elections, imo.
Click to expand...
Well, the balance sheets don't make any sense. And their market share is going to evaporate. So.....

I guess because spacex will tank as a result, you are in favor of bailing them all out?

The tech is great. Im upending decades of expectations as a result of it. I don't want them to fail, but they really were completely without any discipline when it comes to the balance sheet. Thats not my fault, why should I pay for it?
 
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firegiver

firegiver

Heisman
Sep 10, 2007
74,723
21,949
113
1793975162049.png

finance.yahoo.com

Oracle Cancels $7 Billion Tencent AI Chip Leasing Agreement Amid US Regulatory Pressure

Oracle (NYSE:ORCL) has cancelled a $7 billion agreement to lease advanced artificial intelligence chips to Chinese technology group Tencent (HKEX:0700), following concerns raised by US officials over China’s access to American semiconductor technology, according to a Financial Times report...
finance.yahoo.com finance.yahoo.com

This was all pointed out, what, like a year ago that these AI companies were building a bubble and investing in each other.

Anthropic's compute costs accounted for 58% of its revenue in the third quarter, which was $17 billion. This indicates that while revenue is increasing, the costs associated with computing are rising even faster, leading to significant operating losses.

The Next Web Yahoo


What's happening was inevitable correction.
 

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C

ClemsonInAtlanta

All-Conference
Jan 20, 2019
1,171
1,885
113
fatpiggy said:
Oh man that is bad karma. I'd delete that post if I were you.
Click to expand...
The amount of hateful, ignorant, bigoted, FALSE, fringe lunatic trash that @TigerGrowls has littered this forum with for years is incomprehensible. The man is a deranged retard. He has done nothing but support reprehensible people, defending criminals and rapists at every opportunity. By all evidence @TigerGrowls is a terrible person and as such deserves punishment. Since I have no proof that he has broken any laws, the next logical step is to wish for him to suffer the same way he has wished pain and suffering on so many others throughout his time on this forum.

There is no bad karma in hoping for bad things to happen to bad people
 
yoshi121374

yoshi121374

Heisman
Jan 26, 2006
13,339
23,302
113
fatpiggy said:
in my 27 years of trading, I believe in Karma more than any other tip, tool, or analysis.

Dude will have something bad happen to him soon, mark my words.
Click to expand...

Really? You told me you were glad that my Father in Law was dead the day I mentioned that he had died earlier that week from a sudden heart attack....

Tell me again about Karma you *******.
 
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