Political Memes and Funny Pictures
Dipshit Ass Clown with Zero Understanding of Economics
A commonality of EVERY communist dictator is the redirecting of anger at their failed policies to other convenient targets.
Social Media Posts of the Day
Message of the Day
Never Held Accountable
The stock market as a whole is up lately, but if you drill into it a little, almost all the gains can be traced to a few large stocks such as Nvidia, Amazon, and Microsoft. The vast majority of individual companies are down for the year, especially ones that sell fundamental necessities like food and gas. This disparity is partially driven by higher costs and a shaky economy, but also with the all too common practice on financial channels of “pump’n’dump.” This is where advisors & commentators oversell stocks they own, driving the price up (pump), then sell for a large profit, starting a spiral down of prices (dump). Financial personalities like Jim Cramer are never held accountable for wrong stock picks, and his success rate is obscured by short-term gains he himself brings on with pump’n’dump techniques. As long as you jump on the bandwagon at the right time, you might be alright in the short run, but look out if you’re at the other end of it. If you watch some advisors regularly, it’s almost comical how they switch their allegiances on certain stocks from quarter to quarter.
The latest pump’n’dump craze is Artificial Intelligence, which is why you see AI-heavy companies like Nvidia and Microsoft soaring, Anyone who’s worked in AI can tell you these financial commentators really don’t have a clue how the technology actually works, and however amazing certain technology is, there often isn’t a clear way to turn it into actual profits. Ask IBM how much they’ve made from Watson, an AI technology that’s been around for decades. I expect a crash of certain stocks when this reality sets in, but don’t worry, your favorite financial TV personalities will be fine, as they will have dumped their positions well before the downward slide, and they’ll be on to the next great pump phase.
Quote of the Day
Other Links That May Interest You