I have no idea how while Trump is a) ripping out the underpinnings of constitutional law which, in turn, is all that holds up all other laws (including transactional) in the US AND b) ripping apart the post war Western defense alliance leaving Europe and Australia completely exposed and vulnerable AND c) going to impose global reciprocal tariffs, which are going to kill trade and plunge the country and the world into the greatest economic depression (coincidentally) since the 1930’s, how the market isn’t down 75% - 90% by this point. Hopes & Dreams? Hallucinogens? Heroin?

What power on earth is allowing Hedge Funds, Banks and Small Investors the justification to keep betting on an underlying business system which is literally being pulled apart at the seams with no real hope of being functional shortly. How is this happening. It’s like I’m taking crazy pills every day. The market should look at what Trump’s already done (much less what he still promises to do) and say, whoop that’s us, we’re audi, this is insane, we can’t trade our value as a corporation any longer, we don’t know where supplies, labor, administration, distribution, sales, or any law governing any of it stands, we have to pull all our monies out, and put them someplace safe like our pockets.

What is happening to keep the market propped up, when literally everything, everywhere that it needs for stability in projected earnings is being hollowed out beneath it?

edit 2/20 : lol edit 2/21: lol

  • zout@fedia.io
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    3 days ago

    The same way Bitcoin keeps value; most of the supply never changes hand. In Bitcoin because the wallets are no longer accessible, in stock because the owners live comfortably on dividends alone.

    • technocrit@lemmy.dbzer0.com
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      3 days ago

      I agree that bitcoin and stocks are both just wacky pyramid schemes but…

      the wallets are no longer accessible

      What wallets?

      • zout@fedia.io
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        3 days ago

        About 60-70% 20-30% (edited, some googling returned a lot lower numbers than I remembered) of Bitcoin is estimated to be out of rotation. They reside in wallets that haven’t been accessed in at least 10 years. Most About one million of these belong to the elusive Satoshi Nakamoto, the main developer of Bitcoin. He disappeared some 15 years ago, and nobody knows their real name, or even if it’s one person or more.