Major AI stocks are getting obliterated lately, signaling what may be the beginning of the end for the tech euphoria.

cross-posted from: https://lemmy.ca/post/73158617

Burn baby burn!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial…

  • partial_accumen@lemmy.world
    5·
    10 hours ago

    I can understand being wary about the stock market right now. However, inflation is at 3.7% right now for the year up from 3.4%. You can continue hold onto your money, but it buys approximately 3.7% less than it did in January 12 months ago overall. If you’d put that money into the market in Jan 1 a year ago instead of having 3.7% less, you’d have a 6.82% more now, but you can’t go back in time with that knowledge to do that.

    If you’re looking to park your money safely without having it eaten up by inflation, currently US short term (4-weeks long) treasury bills are paying a bit more than 3.9%. .2% profit is not much profit, but its better than a 3.7% loss in value.

    edit: corrected specifics, thank you @boonhet@sopuli.xyz

    • 87Six@lemmy.zip
      1·
      53 minutes ago

      Yea in the US, in Romania it’s even worse… Our last recorded inflation was 6.5% for september… In May it was 9.7%…

      I need to figure out a way to keep my money… Though I at least converted it to Euro. I will probably park it in some sort of short term EU treasuries, tho I’ve no idea if those are any good… I’ll see.

    • boonhet@sopuli.xyz
      4·
      11 hours ago

      To be clear that 3.7% is the 12 months ending in September, not January through October. Inflation is rarely measured YTD, it’s usually the trailing 12 months

      Meaning the

      but it buys approximately 3.7% less than it did in January overall.

      part of your comment is inaccurate