Economy will suck until mid 2023. Might get better by the end of the year or mid 2024. Following is the prediction regarding tech stocks by the end of the year - Pure speculation not an investment advice. Amazon stock price will increase ( ~50%) CRM will tank All the other stocks which can show profits by cost cutting will be >20% by End of the year ( Meta, google etc) All the companies which cannot show profits ( min 10%) will be halved ( Lyft, DoorDash, snowflake. Midsized companies which shot up post earnings recently ( DOCU, mongodb etc) will fall (~20%). Again, not an investment advice. Will update the status after 6 months.
Economy hasn't even started sucking. What are you talking about?
Wdym 📉 are down and layoffs are going on. I’m talking about tech industry only.
So what's the unemployment rate in tech industry?
Why will CRM tank? That doesn’t make sense.
It’s a prediction. Don’t know the reason but guessing it.
Why do you think Mongo will fall 20%? Earnings were solid, as is the balance sheet
Just guessing no reason. I feel it in my veins.
Too optimistic. Stock market might start recovering by mid to late 2023 but economy will continue to get worse until 2024
Interest has a delayed effect on the economy, the layoffs you see now is just precaution on what is to come. More layoffs will be coming when businesses start losing profit, losing so much that they panic fire everyone
you also need to consider government doing something to improve the economy. So thought we would see early recovery.
Taking stock tips from someone at HPE lol
🔮 This is probably the dumbest post I’ve seen today on blind
Daddy knows the future