Stocks rally to cap a winning month, quarter for Wall Street | Hacker News Reader

Stocks rally to cap a winning month, quarter for Wall Street

seattletimes.com

30 pointsMilnerRoute13 comments

Layoffs working as intended. Short term results ftw.

Has to do with the fed, not the layoffs

Remember when we had a bunch of tech layoffs in this quarter? Lol.

Sure glad I lost my job to help some billionaires get richer.

The majority of stock / bonds is held by pensions, individual retirements, and as collateral for things like life insurance and annuities. Billionaires own a small percentage and often for the companies they themselves founded and own.

It’s unfortunate there are layoffs but this is the process of weeding out bad companies and encouraging good companies. If we let the zombie companies continue on all of society would be damaged.

While losing ones job sucks, I think this is an overly simplistic take.

Not a surprise: you would have to go as far back to 2002-2001 to have two consecutive negative years. high inflation does not affect the ability of huge companies like Walmart and McDonald's to generate record earnings and profits. This is why I stayed invested and did not sell in 2022.

Finally. My 401k has been bleeding for years...

Unless you’re about to retire, it shouldn’t matter. As long as you’ve been dollar cost averaging every month and buying more into it, you’ll be in a much better position when you do retire. The market is always going to cycle up and down (over long term) and you just need to deal with it.

And if you’re close to retirement and seeing large changes due to to market, you haven’t invested properly. The closer you are to retirement the more safe the investments should be.

Checking your 401k balance every day at 30 years old is going to make you crazy.

I'm not close to retiring. Just has been depressing seeing the numbers continue to drop YoY.

Seriously, hard red the last two years. But somehow the delta swung +$10k somehow in the last month. A very welcome pattern should it continue.

How did you go hard red in the last two years?

Pandemania pushed stocks to insanely high levels, unless you literally started investing in 2021 you should be good.

I.e. For tax reasons I have several yearly buckets, I only have general broad ETFs and every year is up, except for 2022.

Perhaps you just failed at stock picking? If so, it probably won't improve, as it's hard for everyone to win.

https://archive.is/qBAsK

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