Enjoy the outrageous TC before the VCs dry up and you’re told to GTFO https://www.google.com/amp/s/www.cnbc.com/amp/2018/05/22/tech-bubble-is-larger-than-in-2000-and-the-end-is-coming.html
Lol keep waiting for the ‘crash’. Seriously the army of crash callers on blind is growing exponentially!
It’s annoying. One day they will be right in the same way a broken clock is right twice a day and they won’t shut up about it like all the Bitcoin bros. Even if there a large crash, you need to reliably predict it within a narrow timing window to be able to profit from it otherwise missed gain leading up to the crash negate your looses by being out of the market.
No one can consistently Time the market correctly. And if you’re patient and you know that a broken clock is right twice a day, you’ll profit.
I think most engineers are happy riding the waves up and down. I went through the 2007 recession and I actually enjoyed because they did "force vacation" to save on cost. As long as you have not put yourself in crazy debt, you will be ok
Oh man this is scary
Who needs unicorns and ipo? Tax cuts are giving organizations billions of money for buybacks. Stock market will not go down! Buybacks rule ! :)
Buybacks take the place of capital expenditures and improvements needed to grow the business. They serve to artificially float stock prices. Worst yet many companies are borrowing money (selling bonds) in order to finance this behavior. It works for a while until it doesn’t. In the end, employees get screwed. They’ll be left without a job and many shares of worthless stock. Not sure how that rules.
If people are making 300k+ TC and can’t survive a market crash then they’re fools and didn’t deserve it anyways.
There are plenty making more than that living paycheck to paycheck. Consumerism at its finest. Locking in to a $10,000 mortgage over 30 years seems like the right thing to do until that 300k TC evaporates.
Apple is just one of thousands of publicly traded companies. No one gives a shit what Apple or any other individual company does. It’s what the majority of companies are doing that should concern you. And when they do start to slow down we’ll know it. Here’s a fun graph for you.
Does that mean Im gonna be laid off?
This topic is more macroeconomic in nature with an emphasis on the tech industry. You know better than we do. But if you have to ask then it’s time to GTFO
If there's a downturn tech will get hit hard. Companies will reduce advertising spend which will hurt Facebook and Google. Consumers will buy less stuff generally including delaying buying new phones/gadgets which will hurt Amazon, Apple, and Google and to some extent Microsoft (Xbox, devices). Companies will slow down IT spending which will hurt Amazon AWS, Google cloud, and Microsoft both software and azure. Netflix is the only one in FANG that might come through unscathed since household budget cuts might accelerate the number of people ditching cable TV for Netflix. Outside FANG+AM, Airbnb would see a big drop in demand coupled with a big increase in supply, Uber and Lyft would see less trips as people cut back on dining out, ordering food, and entertainment generally. Etc.
How dare you!!!!! Don’t you know it’s different this time?? Economic fundamentals don’t apply to tech companies. ;)
Actually, Uber and Lyft are an interesting case because all of the sudden many people without work will want to make a buck, so Uber needs to pay less to them, and quite a few subprime cat loans will go bust, but those people will still need to get to work if they have one so they may need to rely on Uber until they can afford their own car
Agree, that is a much better situation for everyone involved than if all these unicorns had IPO already 2001 style and they were playing with people's pension funds
Yay! Finally!
FANG yo
I think there will be some notable exceptions and FANG is likely one of them. The vast majority of people in tech don’t work for a FANG company. And when competition dries us, so will the TC at FANG. (Assuming there’s a bubble, which there clearly isn’t according to Blind)