Comment on Happy Weekend Murica
Greg@lemmy.ca 5 months ago
Every US index is way up over the last 12 months. I don’t understand the market’s valuation of the few big players that are propping up the market but this recent correction isn’t anomalous. Obviously I have money in the markets so I wrote this defensive comment because I’m actually worried 😬
Guess what’s had a waaaaaay better return that the DJIA, over the last 12 months?
Oh, its gold, because a large chunk of the DJIA’s rise … has coincided with drops in the DXY, ie, the dollar is dying, and smart money is piling into gold so that it can later be deployed in… whatever global trade/monetary paradigm shakes out when this nonsense is over.
I’m reading between the lines but basically what you’re saying is buy Dogecoin?
Correct, all in on oingoboingbingobongocoin, preferably take out as many new credit cards as you can, all at once, cash advance, throw it all in derpyschmerpylurkyjerkycoin.
🫧🔜💥🫡
neatchee@piefed.social 5 months ago
I’m feeling really prescient because I finally decided to sell most of my NVIDIA and gaming sector stock literally on Tuesday.
Though it turns out even today’s correction just brings us back to where we were earlier in the week, for the most part. We’ll see how things go Monday…