Thread 60909207

>the entire market is 7 corporations
>all in a tech industry that already hit the peak
how is this sustainable

Infinite growth isn't sustainable. The whole world needs a 90% dip. Then we reset with ETH and started over.

>>60909207 (OP)
The entire country implodes otherwise

>>60909330
Good.

>>60909330
Sounds based.

>>60909207 (OP)
The specific technology that Big Tech sells is advertisement technology, ie. mind control technology.
>hit the peak
Oh no. Oh no no no.

>>60909207 (OP)
Because...well you see...bec...it just is okay?!

>>60909207 (OP)
>tech industry that already hit the peak

The next lot will crypto.

>>60909207 (OP)
It's not. Wallstreet is propping up margin collateral to prevent the forced-unwind of all the leverage.
Did you know 2008 market crash coincided with a short squeeze in Volkswagen? It wasn't all about the credit markets and the housing bubble. The exact same conditions exist again except it is in GME this time. So you can join in on a massive squeeze and slurp up blue chips for super cheap once the unwind happens.
Also, it is imperative to be stacking gold and silver as a safety net incase the market and crypto all shits the bed.

It really makes me wonder about what some of these corporate guys do on a daily basis. They have the highest amount of market share possible, competing only among themselves for what can only be described as so little that it means fuck all. They're literally just going to work to look at some retarded charts for a few hours, discussing meaningless things that don't even make a difference, basically just sit around on their asses all day long pretending that they're doing important work when in reality they could all just be fired and it wouldn't even make a difference. When are these businesses going to realize that paying these people means literally nothing? People accuse China of propping up businesses that would otherwise not have been able to keep themselves afloat in a competitive market, and yet, here we have a bunch of literal retards sitting around in an office making decisions literally nobody cares about, and it is considered perfectly competitive. Where's the huge breakthroughs? Where's the R&D that is cutting edge and on the verge of developing something that is going to change the world? I mean, seriously, the biggest developments in tech recently has definitely been AI, and that didn't even come from any of the most prominent in big tech.

>>60910059
At that level it becomes a function of power than anything. People that are good-goy functionaries are needed and the HR system makes sure people comply with the societal stigmas being created. Every last major institution is owned already by Blackrock and Vanguard, and they're more interested in foreign policy and terraforming American culture than they are simply profits.

>>60910030
>short squeeze in Volkswagen
In hindsight, what was that about?

>>60910080
Someone was naked shorting and it became apparent that the number of shares sold were way out of line for what it should have been. I can't remember the details, but someone had to start covering and the shareprice went on a tear for like a year+

>>60909207 (OP)
It isn't really, it's funamentally a misallocation of capital on account of the unique macro conditions the past few years, namely the high inflation making fixed income and bonds terrible investments and the high interest rates and quantitative tightening strangling business growth across the broader economy. Combine that with the AI hype and the solution that asset managers came up with was to dump all of their excess liquidity into the Mag7 stocks, functionally turning them into stores of value and growth assets. If we go back to a normal economic regime with lower rates and stable inflation then the rest of the economy should pick up and there should be some equalization, especially if the AI hype ends and spculation turns elsewhere. However a valid counterpoint to this honestly is that tech really is the economy now more than people want to admit. Still, that liquidity should spread out to other companies in the space and not just sit in the Mag7 forever.

>>60910109
yeah, but there must have been more to that, considering the absurd amount of money involved

>>60910119
I can't remember the details, but you are right that there is more to it.

>>60910128
>It has been reported that hedge funds that held short positions lost over $30 billion on the Volkswagen short squeeze.
kek

>>60909207 (OP)
>how is this sustainable
Inflation.

>>60909207 (OP)
>how is this sustainable
someone just makes more dollars
many of them get invested into these stocks
we probably aren't near the peak yet market wise
good luck

>>60910030
the GME short squeeze is 2 weeks away, trust the plan

>>60910214
GME's balance sheet looks amazing and their EPS is up like 6,000,000% from last year