PoopingIsAWorkout4Me

PoopingIsAWorkout4Me t1_ixg4ikb wrote

It might be defined that way, but I disagree wholeheartedly. They’re not an auto manufacturer, they’re a tech company. Anyone can make an electric car, it’s how it’s presented and how the person engages with it.

Also, they’re literally in the Nasdaq 100, weighted between Alphabet and Nvidia, so while not technically a tech company, they are.

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PoopingIsAWorkout4Me t1_ixg441b wrote

Still baffles me that people don’t understand the macroeconomics behind this, and they think “ugh, market is broken!”

It took the Nasdaq ~16 years to recover to levels seen in 2000 before the dot com bust. This time, we’ll see, but boy if people think that after this reversal of record cash infusion, fed buying and interest rate increases that the market will recover in a year or two, they’ve got something else coming to them.

Imo, look at the 1960s. That’s what we’re gonna do for the next decade.

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