That means the peak is here. The insider of all insiders sold? Dump everything!
Imagine if he waits for people to panic and sell off and then buys back into the market.
In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.
Who cares tho. Anyone who sells now still made massive gains. Only gamblers think about “potential gains”.
Anyone hear a loud hissing sound?
Everybody remain F***ING calm!
when you see the rats running from the end of the ship that’s settling a little lower in the water… that water ain’t outside the hull anymore.
Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?
Remove the rich
Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax
We don’t let individuals own nuclear weapons. We shouldn’t allow individuals to wield financial weapons.
Idk how this doesn’t make more sense to people. Eradicate Billionares worldwide, not just one country. Nobody should starve when Robotics are doing all of the work.
To shreds you say?
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Peter Thiel sells his Tesla stake
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Telsa price goes up
Lolz. Lmao even.
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Sucks that even though I’m not invested in anything, when this pops I won’t be able to buy food. Thanks a lot, wealth and “security” chasers.
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
You see that is exactly the problem I have with these posts. You don‘t actually know if the trading portfolio of a mega evil asshole actually has any impact on the technology world. Stocks are just gambling and he could make the wrong move here. Like 90% of high traffic posts in r/technology was just random billionaires trading stocks at some point. It was utterly pointless.
While true, I gotta suspect that Peter Thiel, specifically, gets to peek under the hood before he makes his bets to a degree that most of us can only imagine.
i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone
Oh, it will. Bad for everyone human.
My bet is that he’s trying to start a panic in the markets. That way he can clean up on a short.
Wouldn’t that be below somebody like Thiel? I mean, he is a professional and this seems a bit too much “amateurish”…
He believes that there is a bibilical antichrist alive right now, and he can stop it but also shouldn’t. He’s disconnected from reality so severely, he lives in a completely different world. The fact that he’s rich is not a testament of his professional capabilities, but to the fact that in current capitalist environment, the only prerequisite for being rich is to be lucky and have zero morals
I would say I am fairly sure its some kind of afinancial crime to uh, short a company you have a material position in…
But we live in ‘interesting times’, so… who knows!
… Maybe he had an ‘interesting chat’ recently, with Michael Burry.
That would be ‘funny’.
I think it’s cute you believe that we live in a world where financial crimes are actually prosecuted.
Can we get a TL;DR for those who hate clickbait, please?
From what I can tell, it looks like there are a lot of loans out right now, the rate at which they are issued has increased since the beginning of the Trump presidency has increased dramatically, and this is like really bad because If those loans don’t get paid back then pillars start collapsing underneath the financial system. Lose too many of those and the whole thing comes crashing down.This one graph doesn’t represent all of the bad that is going on, it’s just a sort of a weathervane to tell you which way the wind is blowing. …and right now it’s blowing where the sun don’t shine.
I hope your 401K is diversified because this will bring down a lot with its fall.
Does anyone 401k even let them choose what they want to invest in?
I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.
No options in the portal to do anything else. I can’t choose my stocks, any indexes, anything. The only other page is to change my contribution percent.
Yup, I have ~15 options. Basically:
- low cost S&P 500, US mid-cap fund, US small-cap fund, and total international funds (all under 0.10% ER)
- 1-2 actively managed options for each of the first bullet point with much higher fees
- 3 bond funds
- a cash fund
- a retirement fund (tons of bonds and cash)
I’m in a mix of the first bullet point.
401ks won’t let you pick specific stocks, generally speaking, but they should have more options than just target date funds. Most will at least have an S&P 500 fund and usually an international fund.
If it isn’t diversified, then you’re not investing. You’re gambling.
Soo… gold and silver then? No clue how crypto is gonna hold up.
Wait, crypto is still alive?
Thriving. The Trump Era has been gangbusters for crypto, as he’s made all sorts of crazy promises about building a federally financed coin reserve and stuffing it with digital crap.
Well, Bitcoin is down about 25% from it’s high a couple months ago so there’s that.
It’s an extremely volatile asset. I think last “bull run” cycle it lost like 40% of its top.
But it also gained that 40% on the way up too.
Its just a gamble. I like crypto but memecoins and the like have bastardized it into something that, in my opinion, it wasn’t ever supposed to be.
This goes back to September.
Don’t make actions today based on something someone did months ago. Look at the situation now.
Nvidia is still being given piles of money. Everybody knows it’s gonna blow eventually… but if there’s a dip today it will rise again until a real crash once buyers stop paying.
DRAM going to the moon right now over demand is not a good sign of nvidia losing steam any time soon.
People are way too pessimistic about AI. NVIDIA is going to sell GPUs by the truckload until research finds a way around CUDA.
Sure, the pace of big leaps has slowed, but I liken this phase to the early 1900s. Cars were slow and unreliable, but once the technology took foothold and the 4th Industrial Revolution really took off, look how much progress was made. We went to the moon by the 60s.
I really just see current AI as search 2.0.
It’s less dumb, but it’s still fucking dumb. Search gives me garbage results constantly, so does AI. AI is usually just a little bit easier to figure out since you just ask it natural language questions unlike traditional search.
When googling anything today you really can’t find useful information unless it’s a very specific set of instructions usually on a social media site. AI doesn’t give you nearly as much garbage unless you start asking it really complex questions.
The sad thing is, we’ve already had this figured out before.
15-20 years ago Google was almost perfect. It completely blew my mind how accurate and fast it was. Many times it felt like it was a mind-reader. I didn’t even type in half my question and it was already auto-completing it and showing the results, the first few of which contained a very exact and detailed answer that someone wrote on a forum somewhere or an article that gave me a complete and correct answer. Remember the old ‘I’m feeling lucky’ button which directly took you to the first search result? Yea, it was pretty usable back then, because the first result was usually correct. Pepperidge farm 'members…
And then the enshittification started by pumping the site full of ads. First the ads were pretty distinguishable from the real results and you could just scroll through them. Then they started to disguise the ads more and more like real results, and just showing more of them. And by now I think google is basically ONLY ads. There are NO real results on it. Virtually the only ‘content’ you are shown are what somebody has payed for google to show. Even if what you are looking for is a very well known, public interest fact, if nobody is paying for it, google is not going to show it. E.g. the other day google could not find me the website of a country-wide utility company for electricity by typing their exact name, because I guess they haven’t paid their monthly ads for google.
Luckily there are other alternatives to google, which still have ‘don’t do evil’ in their corporate philosophy. None of them are close to as good as google used to be, especially if you are not searching in english. But still a hell of a lot better than how google is now.
There is more to it than that… 20 years ago most of the people on the internet were likely similar to you, so most of their desired results were similar to yours.
Now people on the internet since the early 2000 are a minority compared to the “democratized” flood of users who joined in the mobile crapplication phase and started skewing search results towards simpler, less useful results.
SEO and ads didn’t help, but the whole ecosystem broke the model.
None of what you said explains what they are talking about lol.
It’s like you have no experience with what they’re talking about
Nice troll bait.
No, I know EXACTLY what I’m talking about. Google’s old results were based on click-through determining which results were best. Now that the quality of the average user is lower, so is the quality of the average click-through result.
That’s as much response as you’re going to get though. You responded in bad faith, so now you’re going to talk to yourself if you choose to respond.
You know I do agree with you.
For some reason the folks here don’t get the flood of “normal people” that have taken over the internet that was really only for techies 20-25 years ago. It was even more pronounced before then.
Back then in many ways the internet was a little bit like lemmy today. There isn’t critical mass with shitloads of idiots, there’s tons of like minded people who think critically and try to do what’s right. Unfortunately Pandora’s box has been opened though, so it’s still not exactly the same.
If you ask me, the windows 95/98/xp era required the same level of patience and technical troubleshooting that Linux requires today. Maybe even more than modern Linux honestly. Windows 8/10/11 have been essentially on rails so much that needing to understand and figure shit out is less needed than ever. The people today on the internet generally are not at all like the people who used to be the majority here.
