Seems like you’re basing your conclusions on hearsay but I do believe you’re unfortunately right. My prediction is the market will go sideways this week / drop slightly and then when they the cut the rates the following week, it will shoot up and everyone will stop talking about recessions for about a month. Sometime end of October / November it will start dropping and I’m thinking at least 2-3% every week, with occasional pauses and bounce backs. By March/April 2025 we will be looking at S&P in the 3500-3800 range. We probably won’t see this year’s ATH until about 2026. I think the boring part of all this it all happens very slowly so you really don’t notice that it’s turning into a bear market. People look at 1987/2000/2008/2020 charts and expect sudden drops in 2024 but it will really be more like a slow rot. So I feel like as a swing trader I got my money on SPY puts until Sept 18. Then spy calls dated mid october. Then cheap low long term spy puts over the next 6 months. Let me know what everyone else thinks

---

You must be absolutely stacked if you are able to let half a mil rot away

---

I'd like to disabuse you of the notion that they're *not* investing billions of dollars blindly. Go read up on the 'rot economy' https://www.wheresyoured.at/the-rot-economy/ TLDR tech companies are addicted to growth to keep Wallstreet and their stock price up. Google and FB have reached the end of their hyper growth phase (everyone in the world who's able to use Google or FB is already doing so). So for the past decade or so they've been fucking with their products to try to make users spend more time on their sites or make each use of their site generate more revenue which has made their service steadily worse to use. The other thing the tech industry at large has been doing is trying to find the next hyper-growth market which have all ended in spectacular failure with the Metaverse, Vision Pro and block chain/NFT. They are trying desperately to make AI the next big thing and wasting vast sums of money because they're all out of other ideas.

---

I need to get a hobby or something man. I'm sick of the doom scrolling bullshit after work, i'm a brain rot fucking loser

---

Jackpot gave me brain rot after 20 minutes. Are any comedies worth watching

---