‘Young and dumb’ traders have created a ‘total nightmare’ in the stock market, fund manager warns

https://www.marketwatch.com ^ | Oct. 15, 2020 | By Shawn Langlois

[Vermont Lt]

There are a LOT of stories like that.

I bought $2500 worth in 2013. I still have most of them.

[Lurkina.n.Learnin]

“At 40 times earnings, there is a 0% chance that Microsoft stock will produce wealth for someone over the next 10 years to meet their needs, Cole Smead says”

Cole Smead is an idiot.

[Secret Agent Man]

yup

[Secret Agent Man]

heres the skit

https://m.youtube.com/watch?v=eYt0khR_ej0

[dfwgator]

A classic. Back when SNL could poke fun at both sides.

[Atticus]

That skit is priceless (except for Tom Arnold). Thanks for posting.

[dfwgator]

For Xmas I would give him a Trading Places DVD

Not a GI Joe with the Kung Fu Grip?

[bIlluminati]

I went to look up MSFT numbers on Yahoo. Their financials (annual and quarterly earnings and balance sheet numbers) are blocked, while I can get the numbers from all other companies I look up. They do do show earnings per share, but the numbers are in thousands, so 0.0022 means $2.20 per share, no revenue numbers, no balance sheet numbers at all. Weird.

[Secret Agent Man]

dont get too nostalgic

it was still heavily skewed one way

[dfwgator]

Even when they tried to make fun of Reagan, as in the “Mastermind” sketch with Phil Hartman, it was still funny, and even Reagan supporters could enjoy it.

[dfwgator]

Or even Dana Carvey’s Bush, was fairly innocuous, IIRC, the Real President Bush even posed with Carvey.

[sergeantdave]

“I bought $2500 worth in 2013. I still have most of them.”

According to the Bitcoin calculator...your investment is now worth $2130313.911

Your annualized return is 237.812%

https://dqydj.com/bitcoin-return-calculator/

Good show.

[aquila48]

Truly abysmal.

Just buy SPY and sit on it.

[M-cubed]

He thought it was a good idea to “bet” his entire net worth on one trade? <<

You obviously have never played Russian roulette with a 6-shooter 12 times ....Some time you just “feel” lucky....Why quit when you're ahead?...../s

[M-cubed]

Wait till these Millennials figure out that all their hard work is going to be confiscated by the very government they elected.<<=====

Kinda like being the 1st to the showers at Auschwitz....Privileged?.....smh....

[M-cubed]

The market corrects and ignorant people get informed.<<<<

I'm old........but....the old adage I remember is...

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered...

That's my opinion....but I welcome others...

[McGruff]

[ground_fog]

These guys don’t hold a stock more than 30 minutes. I’ve been trading twenty years and I’ve never seen anything like it. They move stocks just to move them. The Webull gapper crowd just banks at 4 am in after hours market . The biggest gainers are AH and Pre-market.

Yes, most of them are Dems but I see a few of them waking up. Biden will kill their trading and take their money.

[Jumper]

30 video cards working for me... I make under 1k monthly mining Ethereum and put it into Bitcoin. I have just under 4 bitcoin after 3 years. It is crazy to day trade ANYTHING because eventually you get greedy. Myself just in it for hobby.

[minnesota_bound]

#20 Those are some snappy dressers.