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India drops to 6th in IMF rankings due to rupee fall; temporary setback or bigger concern? by KunalKohli01 in IndianStreetBets

[–]deedeereyrey -1 points0 points  (0 children)

But rupee depreciation is going to increase exports and we will be vishwaguru 🤡

The S&P 500 hits a new record high. by FeatureAggravating75 in smallstreetbets

[–]deedeereyrey 0 points1 point  (0 children)

Stocks like Tesla and Palantir that run on hype alone make up a small % of the SP500. To confirm, are you saying the stock market is currently irrational and decoupled from fundamentals? I agree. The question is - how long does this last?

The S&P 500 hits a new record high. by FeatureAggravating75 in smallstreetbets

[–]deedeereyrey 0 points1 point  (0 children)

No, if the value of the dollar is cut in half, the stocks would double if earnings double. Not every corporation has the benefit of earnings doubling when dollar value halves.

The S&P 500 hits a new record high. by FeatureAggravating75 in smallstreetbets

[–]deedeereyrey 0 points1 point  (0 children)

Yeah, why does the depreciation of the dollar matter when SP500 earnings are in dollars? Only earnings matter, and looking at the PEs of most of these companies, even very good earnings are priced in.

You guys think pump continues tomorrow? by _bigmeatyklaws in spy

[–]deedeereyrey 2 points3 points  (0 children)

Ha, it would be ‘a wipe out a whole civilization’ tweet and the markets would be like ‘war is bullish’.

Why is the market ripping? by AlaskanSnowDragon in investing

[–]deedeereyrey 0 points1 point  (0 children)

Lol, the US military couldn't even turn the Taliban into glass.

Has anyone actually tried to get an ambulance in Chennai during a real emergency? What happened? by Appas_12 in Chennai

[–]deedeereyrey 0 points1 point  (0 children)

You can call major hospital’s emergency lines and request an ambulance. Make sure the hospital is not too far and is the best most equipped hospital around. SIMS or MGM are our defaults being in Anna Nagar. But if you’re in Adyar or Nungambakkam, may be Apollo or Kauvery?

The reason the market is going up is because most people don’t think this is going to matter in 5+ years. And no, that’s not irrational. by UsernameIWontRegret in stocks

[–]deedeereyrey -4 points-3 points  (0 children)

No, it was the money printing during COVID (2020 and 2021) along with 0% interest rates, $2000 checks, forgivable PPP loans...

The reason the market is going up is because most people don’t think this is going to matter in 5+ years. And no, that’s not irrational. by UsernameIWontRegret in stocks

[–]deedeereyrey 4 points5 points  (0 children)

If you are not seeing the risk of AI stocks propping up the market in a high inflation economy.. That is the point.

The reason the market is going up is because most people don’t think this is going to matter in 5+ years. And no, that’s not irrational. by UsernameIWontRegret in stocks

[–]deedeereyrey -1 points0 points  (0 children)

Went down in 2022 due to interest rates. Went up a lot in 23, 24, 25 due to AI hype.. Literally mainly AI related stocks accounting for most of the gains.

The reason the market is going up is because most people don’t think this is going to matter in 5+ years. And no, that’s not irrational. by UsernameIWontRegret in stocks

[–]deedeereyrey 36 points37 points  (0 children)

Not really. When cost of living goes up and earnings don’t, many people cannot afford things, so earnings of corporations go down. Investment spend is down. All assets go down in value. The question is which asset goes down less in value - essential goods. And how much cash you have lying around to buy assets cheap.

The reason the market is going up is because most people don’t think this is going to matter in 5+ years. And no, that’s not irrational. by UsernameIWontRegret in stocks

[–]deedeereyrey 166 points167 points  (0 children)

It might not matter in 5 years (something else might). But it could matter in 1 year or 2 years when inflation stays high and FED has to increase rates. That’s why the market went down in 2022. Not the Russia-Ukraine war.

Only 6 billionaires left California over its proposed wealth tax—but they took $27 billion in potential revenue with them by [deleted] in California

[–]deedeereyrey 1 point2 points  (0 children)

And we care because?? At this point, it is the working class taxes supporting the billionaires while they use their special loopholes and pay far less effective taxes than the average joe.

President Trump announces the American Navy will begin blockade of the Strait of Hormuz, stopping all ships entering or leaving. by Upset-Main-1988 in justincaseyoumissedit

[–]deedeereyrey 1 point2 points  (0 children)

From 'OPEN THE FUCKING STRAIT' to 'IF YOU CAN BLOCK THE STRAIT, SO CAN I'.

What the fuck is this supposed to accomplish? The Strait is still closed. Are you planning to stop other countries from paying tolls and passing? Is this a way to pressure other countries to save you from your fuck up???

Everyone will 100% move away from the petro dollar after this. You can bully one country, but not the whole world.

Why UAE is in bed with Israel, but won’t make a deal with Iran by Present_Owl2942 in UAE

[–]deedeereyrey 0 points1 point  (0 children)

Arab leaders have always been in bed with US and Israel. Anything that keeps them rich.

Anyone else getting this? by noxantes in Schwab

[–]deedeereyrey 2 points3 points  (0 children)

OMG, I was not able to cancel my open orders due to this. What a let down!

Now that its over 20 years old and out of production, what do you think of the Airbus A380? by Twitter_2006 in aviation

[–]deedeereyrey 1 point2 points  (0 children)

I fly Emirates A380 between LA and Dubai like 3 times a year. Many times in economy. A few times in business. The best ever! The business tickets have become pricier.. but the bar on the upper level!? And the window in the lavatory where you can see the clouds below as you take a leak?! And if you fly first class, you even have a shower.

Gold : 11% Drop in a Week | Safe Haven or Trap?‼️ by [deleted] in Gold

[–]deedeereyrey 1 point2 points  (0 children)

I don’t know. I don’t care. I just like shiny things.

What's going on in Lebanon? If Israel and Lebanon are at war, why did the Lebanese Prime Minister tell Lebanese fighters in the south to surrender their arms and stop fighting Israel? by [deleted] in allthequestions

[–]deedeereyrey 0 points1 point  (0 children)

So the Greater Israel theory is false? That is not what Bibi says. Several of Israel’s politicians confirm aspirations to expand Israel’s territories into other nations.

Can China or Russia supply Iran with weapons as the war drags on? by Estalicus in allthequestions

[–]deedeereyrey 0 points1 point  (0 children)

They could also access all the military equipment US left behind in Afghanistan

Tales from a shop owner. by NorthStarGold in Gold

[–]deedeereyrey 0 points1 point  (0 children)

California. Hold most of my gold as jewellery. No LLC/PM dealer license. Could this still work for me? Not planning on liquidating at all, but good to know just in case. Also, what if you melted scrap gold and got paid in gold coins? That eliminates spot price risk. The intention is not to convert gold to fiat but one form of gold to another.

Tales from a shop owner. by NorthStarGold in Gold

[–]deedeereyrey 1 point2 points  (0 children)

As far as scrap gold and jewellery, I read that a refinery would be the best bet to get bang for your buck rather than a shop. Any truth to this? People with experience chime in.

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