/biz/ - Business & Finance

The blackpill is that the stock market stopped serving its sole purpose of trading when the first index fund through vanguard was offered in 1975, it doesn't matter what any human does it all runs on itself and will always go up regardless of what the economy looks like. Bobos and mumus will argue about interest rates or schizo talk about "they will dump at X point" "The market will dump everything into tech stocks". There is no need for positive growth quarterly earnings or signs of real growth anymore, the indices are all automated systems set up in the early 70s in wall street, the indices will just throw out weaker earning companies and weight up higher earning companies pushing the index figures up until the day NYC loses power for months on end and america completely dissolves. Jack bogle was the endpoint of this civilization run's trading systems. The only thing that will ever surpass the index fund at this point is maybe bitcoin where every last watt hour of electricity used by computer systems controlling wall street are redirected to mine bitcoin. Money always chases the smartest allocator of money and thats the index fund now.

The apple vision pro looks awful and with the way twitter is going I don't see the appeal of big tech stocks. Are there any 90s tech companies still around that arent doing stuff in the "cloud". Dell and xerox come to mind. I think floppy disk makers will make a comeback, this could be the year of sega releasing the dreamcast 2.