How come I never see these threads when Nasdaq has a banger of a day? Stocks fall faster than they rise - it's not useful discourse to panic every time there's a correction. Give it a few days and we'll be back where we were.
This isn't an everyday occurrence, so billing it as a panic every time there's a correction seems a bit off.
> Give it a few days and we'll be back where we were
Perhaps, though I think today is the lowest in 6 weeks.
It's true that stocks tend to go up, but it's also true that large daily moves are pretty close to 50/50. It's brownian motion with a trend. The drops really do get more press than the spikes, and I don't think it's because they're less common, it's because negative news catches more attention.
We'll see about next week, if these threats against Iran are hollow we might rebound.
I wasn't convinced the first year or two. Too much hallucination, too little sense to really be useful.
But now it helps me like an assistant. It researches stuff for me and keeps me on track. I have ADHD so I have trouble with that and I procrastinate starting things because the first steps are boring. It really helps me with that and as a result I get way more done.
What it doesn't do is doing everything for me, it's really an enabler more than anything. I'm not a software developer so YMMV.
Economically though, I won't spend more than 20-30 bucks a month on it. Neither will my employer (even that much for all our employees is already tens of millions a year) So how they're going to get those trillions back I don't really know.
It's not great when finance people are openly talking about trying to time the top.