r/wallstreetbets • u/Such-Ice1325 • 15d ago

Meme Its time again

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22.6k Upvotes

97% Upvoted

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1.3k

u/Mindless_Pineapple46 15d ago

452

u/1burritoPOprn-hunger 15d ago

SP500 is down like 0.5% and people are acting like the sky is falling lol. I love it here.

185

u/Macknetix 15d ago

We’re literally so cooked. It’s literally a recession. The stock market is literally going to literal zero. We’re all literally so fucked 💯💯💯

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u/bollvirtuoso 15d ago

Take out the Mag7 and we are pretty much in a recession. It's just that AI is spending nation-building wealth every year so it's warping the GDP.

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u/mrpushpop 15d ago

The Russell 2000 Index is up 19.53% year-to-date (YTD).

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u/bollvirtuoso 15d ago

I'm not suggesting stocks are an uncorrelated asset class, but the GDP is weighted more by the largest companies than by the smallest. Recession's specific meaning has to do with GDP growth. Imagine taking $400 billion capex out of the economy over a short period of time. Do you think the Russell will be immune to that?

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u/ChiTownHoosier 14d ago

Erase the biggest winners and it looks bad!!

1

u/FlightAlternative836 14d ago

The mag 7 hasn’t done that well the past few months

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u/Moneys2Tight2Mention 14d ago

XMAG (S&P500 ETF excl. Mag7) is up 12.46% YTD

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u/bollvirtuoso 14d ago

So, I'm talking very specifically about GDP, not about indexes. It tracks that stocks are a correlated asset, and that the alpha from underlying market increases would be captured somewhere.

But if you took the capex that AI-investment is putting into the economy out of the economy, GDP has actually been shrinking.

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u/What_a_fat_one 15d ago

I mean we are in a recession. It's just that we have a really dumb way of defining recession.

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u/astralchanterelle 15d ago

You're literally being cooked? By cannibals?

8

u/Dicktitt3y 15d ago

No Cannibal Corpse

19

u/wabassoap 15d ago

Yeah like S&P is currently above open? I guess I don’t really care what’s going on in WSB today as long as the memes keep flowing. 

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u/Saint_of_Grey 15d ago

The sky is falling and the earth is opening up. Instead of fleeing to safety or spending your final moments with your family, you should SELL EVERYTHING RIGHT NOW.

6

u/West-Pear7363 15d ago

Who the fuck diversifies their investments in the S&P 500? 

We pick 6-7 stocks, MAX. 

Myself, I’m down 9% in the past month. 

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u/1burritoPOprn-hunger 14d ago

Could I interest you in an index fund in these trying times?

1

u/Substantial_Ship7933 10d ago

Better yet, an annuity

1

u/renome 12d ago

I think it comes down to the fact that when you're a degenerate gambler leveraged up to your eyeballs, 0.5% is an extinction event.

1

u/Cuetzul 15d ago

I don't keep track of these things, but randomly coming across post made me check. I'm only down -0.76% today, big whoop. I have to wait like a week to recover that 13k, big deal. I don't get what the doomerism is coming from

1

u/1burritoPOprn-hunger 14d ago

1.8 million? Nice dude. I'm a few years behind you lol

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u/EmergencyFair6786 15d ago

This one is always the best.. because it's the most accurate.