• ieatpwns@lemmy.world
    link
    fedilink
    arrow-up
    43
    ·
    6 hours ago

    Ok so now that the Dow isn’t over 50k is bondinready to release the rest of the files orrrrrr

  • BillyClark@piefed.social
    link
    fedilink
    English
    arrow-up
    25
    ·
    edit-2
    5 hours ago

    Somebody needs to check with Pam Bondi about this. Apparently the Dow being below 50,000 means that President Trump needs to be investigated for raping children, according to her logic.

      • DandomRude@piefed.social
        link
        fedilink
        English
        arrow-up
        40
        ·
        edit-2
        6 hours ago

        Has the Dow fallen enough now for the DOJ to start prosecuting pedophiles?

        /s, but in itself almost not, because Bondi apparently was serious about her absurd statement in front of the the House Judiciary Committee.

    • TheTechnician27@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      edit-2
      5 hours ago

      To people reading CNBC, it isn’t. They write for their audience, it’s in the second sentence of the article you didn’t read (“1.6%”; if you want to consume the news as a series of disconnected headlines, that’s your fault and problem), and it’s extremely easy to translate to a percentage.

      I swear sometimes people on link aggregators like Lemmy and Reddit act like those boomers who perplexedly review services they’ve never used as though they think everything they see on the Internet must be personally targeted at them.

        • TheTechnician27@lemmy.world
          link
          fedilink
          English
          arrow-up
          5
          ·
          edit-2
          5 hours ago

          I swear sometimes people on link aggregators like Lemmy and Reddit act like those boomers who perplexedly review services they’ve never used as though they think everything they see on the Internet must be personally targeted at them.

          Plenty of people do want to read about financial news, namely about why the ticker changed and its possible effects. If you don’t, that’s fine. Just check Yahoo! Finance or whatever for the ticker. Or don’t. It’s your life. But nobody has to or should accommodate your utter disinterest in reading anything past the headline.

  • HubertManne@piefed.social
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    edit-2
    4 hours ago

    these article are kinda funny as they treat 600 like its still 2000. Its like 1% from 50000. 2008 it went from like 12k to 6k and nearly halved. The dot com it was like 25%. The market is completely disconnected from day to day life at this point

    • Supervisor194@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      2 hours ago

      Market’s a pump and dump now. Down 800 today, up 1200 tomorrow. Everything recovers in days or maybe weeks and always to new highs. Even covid recovered in less than a year. This is not a normal market, it’s just pretending to be.

      • HubertManne@piefed.social
        link
        fedilink
        English
        arrow-up
        2
        ·
        2 hours ago

        I sorta feel covid short circuited a long overdue correction that just has it being a pure fiction now. If we ever do get a real correction its going to dwarf anything historically.

    • Rhaedas@fedia.io
      link
      fedilink
      arrow-up
      3
      ·
      5 hours ago

      They never report these “drops” and “crashes” as percentages, as it would kill the headline. Let’s talk about the percentage of the existing number that still has true value.