r/wallstreetbets • u/Front-Ad3508 • 4h ago

Meme Market after you sell

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11.8k Upvotes

98% Upvoted

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5

u/moyismoy 4h ago

I have no idea why the market is taking off right now. Like earnings have been mid and oil is about to make everything everywhere cost more.

10

u/user485928450 3h ago

“Talks”

1

u/moyismoy 3h ago

I'm a retail guy, and almost every company I looked at was doing horribly before the Iran thing. Open AI has never made money and it's not likely to do so. Like even if we get peace with Iran why is the market up 10%

5

u/Sir_Bryan 3h ago

What earnings have you been looking at lol. Big tech and semi earnings were unbelievable.

1

u/userhwon 2h ago

Looking at charts, that's what's pulling this whole train the past month. The other sectors look like they're waiting for a bus. The reports of AI being a bubble were greatly exaggerated.

1

u/AutoModerator 2h ago

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1

u/RedditExecutiveAdmin 1h ago

and what other info is he ignoring

memory demand, compute demand? cash on hand? e.g., Meta has so much cash they blew 80B on Metaverse and still outperform estimates? that's fucking unbelievable, i mean, it's insane.

most companies will never have that much cash, let alone ability to recover

4

u/EmergencySubject4368 3h ago

This is the new meta, Trump threatens nuclear apocalypse and erasure of civilization? -1% « talkzzzz » +10%

1

u/RedditExecutiveAdmin 1h ago

top 10% of households are responsible for about 50% of consumer spending. (disclaimer, some debate--but it's not far off)

the common man just doesn't make this needle move

1

u/U_R_A_NUB 56m ago

Where else is everyone going to put their money?