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in reply to Nanook

diaspora - Link to source

rotto Pureblood

I'm watching the market and right now it disagrees with you. also watching what Dr Evil Klaus Schwab is saying will happen next. Not only do they want a crash, they also want a global electric grid shut down (killing cryptos?). I hope they're not successful but I'm planning on being prepared.

besides, the market is currently about 90% bought on margin. derivatives based on naked shorts. fake money chasing fake money. what could go wrong? like 2007.

also inflation is draining wallets. it may be partly demand driven, but the effect is the same. new home construction is up more than $24K on average... and my suppliers are telling me to expect a 15% price increase in June for roofing materials. also 20% for metals (drip edge, etc.) and 20-25% for nails/screws etc.

shit's getting stupid and only heading down hill from here.

in reply to rotto Pureblood

friendica (DFRN) - Link to source

Nanook

@rottostein Well, I'm not in the EU so perhaps things are different there, but here with bonds and treasuries being so low there just isn't that many places to put your money in and get a return, and the market is kind of like your average outdoor temperature, there is weather and there is climate, i.e., short term and long term. There is to be sure more volatility but then volatility is where opportunity lies.
Unknown parent

friendica (DFRN) - Link to source

Nanook

@baptist_joshua_on_youtube I own a business, and it is a 60 hr/week job on a good week. Why I waste time shit posting here, well that's another question. I guess during covid this is about the only socialization I get. I understand about stops, but there is more to it than that, all this shit has to be tracked to properly pay taxes on it, etc.
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