Economy crash =/= stock market crash?

masonic

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

sevenhills

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

masonic

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

He's right to be cautious about his own company, but the fortunes of Tesla do not tell you much about the economy. Tesla shares rose 10-fold in 2 years, but that didn't reflect the economy. Neither does the peak to trough fall of about 50%.

Type_45

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

So has the S&P.  Nasdaq 30%.

masonic

Type_45 said:

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

So has the S&P.  Nasdaq 30%.

S&P is only down 6% in the 6 months to 3rd June, from its peak it is down 14% and peak to trough it was almost but not quite 20%. Comparative figures for NASDAQ are 20%/25%/30%.

This does raise the question, which index will you use as a benchmark for the 80% drop? It would make sense to use a global index like FTSE World, since it will be global (right?), or are you going to focus on the world's largest economy for this?

Type_45

masonic said:

Type_45 said:

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

So has the S&P.  Nasdaq 30%.

S&P is only down 6% in the 6 months to 3rd June, from its peak it is down 14% and peak to trough it was almost but not quite 20%. Comparative figures for NASDAQ are 20%/25%/30%.

This does raise the question, which index will you use as a benchmark for the 80% drop? It would make sense to use a global index like FTSE World, since it will be global (right?), or are you going to focus on the world's largest economy for this?

SPY, FTSE... Any of them will suffice. And a CCP invasion of Taiwan would instantly make it happen, I'd have thought.

adindas

Type_45 said:

masonic said:

Type_45 said:

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

So has the S&P.  Nasdaq 30%.

S&P is only down 6% in the 6 months to 3rd June, from its peak it is down 14% and peak to trough it was almost but not quite 20%. Comparative figures for NASDAQ are 20%/25%/30%.

This does raise the question, which index will you use as a benchmark for the 80% drop? It would make sense to use a global index like FTSE World, since it will be global (right?), or are you going to focus on the world's largest economy for this?

SPY, FTSE... Any of them will suffice. And a CCP invasion of Taiwan would instantly make it happen, I'd have thought.

If China Invades Taiwan you have much more else to worry than worrying about the stock-market.

Type_45

adindas said:

Type_45 said:

masonic said:

Type_45 said:

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

So has the S&P.  Nasdaq 30%.

S&P is only down 6% in the 6 months to 3rd June, from its peak it is down 14% and peak to trough it was almost but not quite 20%. Comparative figures for NASDAQ are 20%/25%/30%.

This does raise the question, which index will you use as a benchmark for the 80% drop? It would make sense to use a global index like FTSE World, since it will be global (right?), or are you going to focus on the world's largest economy for this?

SPY, FTSE... Any of them will suffice. And a CCP invasion of Taiwan would instantly make it happen, I'd have thought.

If China Invades Taiwan you have much more else to worry than worrying about the stock-market.

I've been saying this for weeks.

However, the stock market isn't my concern as I don't hold equities (other than in gold miners). 

It's a matter of time before China makes a move on Taiwan. China are already getting themselves on a war footing.

Alistair31

Type_45 said:

adindas said:

Type_45 said:

masonic said:

Type_45 said:

sevenhills said:

masonic said:

Is that the same Elon Musk that felt super good about Dogecoin when it was trading at around $0.50? (on the topic of things falling 80%)

Tesla shares are 20% down in the last six months, so he is right to be cautious 

So has the S&P.  Nasdaq 30%.

S&P is only down 6% in the 6 months to 3rd June, from its peak it is down 14% and peak to trough it was almost but not quite 20%. Comparative figures for NASDAQ are 20%/25%/30%.

This does raise the question, which index will you use as a benchmark for the 80% drop? It would make sense to use a global index like FTSE World, since it will be global (right?), or are you going to focus on the world's largest economy for this?

SPY, FTSE... Any of them will suffice. And a CCP invasion of Taiwan would instantly make it happen, I'd have thought.

If China Invades Taiwan you have much more else to worry than worrying about the stock-market.

I've been saying this for weeks.

And others have been saying it for years.

Type_45

War, by the way, doesn't necessarily mean China will go into Taiwan shooting.  

They may simply isolate it.  Maybe starve it.  Who knows...


But they will make a move on what they simply consider to be a "rogue province of only 20 million people".


And don't forget this:  many in Taiwan consider themselves Chinese.  This could look more like a civil war than an occupation. But, of course, western media  won't report it as such.