Financial Markets

Discussion in 'Current Events' started by Raoul, Jul 25, 2018.

  1. Jul 25, 2018
    #1

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    may crash tomorrow.

    FB just lost about 20% today after hours. Zuckerberg's net worth just tumbled 15b in 2 hours.

  2. Jul 25, 2018
    #2

    oneniltothearsenal Caf's Milton Friedman (and Arse aficionado) Scout

    Joined:
    Dec 17, 2013
    Messages:
    7,857
    Supports:
    Brazil, Arsenal,LA Aztecs
    Unless something else can replace it's role in digital advertising - basically a new social network or some type of new mobile app that is effective as advertising platform I think Facebook will always rebound. Of course the next new thing might be right around the corner and kill Zuckerberg's fortune overnight.
  3. Jul 25, 2018
    #3

    Don Alfredo Full Member

    Joined:
    Apr 12, 2018
    Messages:
    2,071
    Supports:
    Germany
    I think Facebook is the most replacable of the tech giants. They know that too, that‘s why they bought Whatsapp and Instagram. No one really needs Facebook, except for advertisers.

    The other giants, Amazon, Google and Microsoft especially, are here to stay for a long time.
  4. Jul 26, 2018
    #4

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    The only thing that can save the market is Amazon blowing out earnings and the news of the EU/US trade deal shooting other parts of the market upwards. If for some reason Amazon doesn't beat then things could get dicey.
  5. Jul 26, 2018
    #5

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    Agreed. Zuckerberg realized there's a limit on how far facebook proper could go which is why he has been buying up small companies to diversify.
  6. Jul 26, 2018
    #6

    oneniltothearsenal Caf's Milton Friedman (and Arse aficionado) Scout

    Joined:
    Dec 17, 2013
    Messages:
    7,857
    Supports:
    Brazil, Arsenal,LA Aztecs
    I wouldn't be surprised if Amazon did beat predictions, but I'm not sure why you think tech is so much more vulnerable than the overall market? Unless I am misunderstanding
  7. Jul 26, 2018
    #7

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    The Dow and S&P have been very shaky since the turn of the year. Its only the Nasdaq (fueled primarily by the tech giants) as well as the rise of WTI from the mid 50s to mid 70s (which has somewhat reinvigorated energy sector) that has kept the market from a major correction.

    If tech stocks become shaky, along with other instability on tarrifs and oil coming down again, we could be in for a dip.
  8. Jul 26, 2018
    #8

    oneniltothearsenal Caf's Milton Friedman (and Arse aficionado) Scout

    Joined:
    Dec 17, 2013
    Messages:
    7,857
    Supports:
    Brazil, Arsenal,LA Aztecs
    Well I think the moronic tariffs are going to make the economy overall more shaky but I think the tech giants can come out of that better. As I said I think Amazon is going to keep growing
  9. Jul 26, 2018
    #9

    Runner Full Member

    Joined:
    Aug 7, 2015
    Messages:
    1,722
    I was meaning to pick up some microsoft shares before the earnings report but didn't get around to it. If there's a small drop tomorrow I might jump in. I like what I'm reading about them and their long term forecast. Any thoughts on them @Raoul ?
  10. Jul 26, 2018
    #10

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    Not sure if I would have much confidence in their long term prospects at this point. We are in year 10 of the business cycle and are due a massive pull back at some point. That might be the time to consider an entry point.
  11. Jul 26, 2018
    #11

    Runner Full Member

    Joined:
    Aug 7, 2015
    Messages:
    1,722
    Good point. My father keeps saying that. Maybe I'll get a GIC and break it early if the market crashes. Decisions decisions
  12. Jul 26, 2018
    #12

    Nikhil New Member

    Joined:
    Jan 3, 2007
    Messages:
    2,348
    Location:
    Form is temporary, bans are permanent.
    I'd like to see another tech company buy Instagram and whatsapp from facebook.

    facebook needs to disappear, or at least become insignificant.
  13. Jul 26, 2018
    #13

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    The last bit isn't likely since they still own the other companies...which they aren't ever going to sell (why would they).
  14. Jul 26, 2018
    #14

    Dwazza Gunnar Solskjær Lutefisk is it!

    Joined:
    May 9, 2006
    Messages:
    74,274
    Location:
    www.flatearth.org
    Supports:
    Moanchester United
    feckfeckfeck
  15. Jul 26, 2018
    #15

    Nikhil New Member

    Joined:
    Jan 3, 2007
    Messages:
    2,348
    Location:
    Form is temporary, bans are permanent.
    I'm buying some facebook when the markets open.
  16. Jul 26, 2018
    #16

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    Good luck with that.
  17. Jul 26, 2018
    #17

    Cal? CR7 fan

    Joined:
    Mar 18, 2002
    Messages:
    33,296
    First you curse at me for wishing for an earlier recession to get rid of Trump, then you suggest something that’ll not only result in a recession but likely a meltdown. :rolleyes:
  18. Jul 26, 2018
    #18

    VorZakone What would Kenny G do?

    Joined:
    May 9, 2013
    Messages:
    16,676
    Facebook is here to stay for a long while. There's still plenty of people who use it on a regular basis.
  19. Jul 26, 2018
    #19

    Eboue nasty little twerp with crazy bitter-man opinions

    Joined:
    Jun 6, 2011
    Messages:
    52,338
    Location:
    "Why not both?" -Damien
    Supports:
    Arsenal
    Just substitute this post with the same thing I said before
  20. Jul 26, 2018
    #20

    Cal? CR7 fan

    Joined:
    Mar 18, 2002
    Messages:
    33,296
    In that case, same to you.
  21. Jul 26, 2018
    #21

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    Holy crap :eek:

  22. Jul 26, 2018
    #22

    Dwazza Gunnar Solskjær Lutefisk is it!

    Joined:
    May 9, 2006
    Messages:
    74,274
    Location:
    www.flatearth.org
    Supports:
    Moanchester United
    Yowza.
  23. Jul 26, 2018
    #23

    Ian Reus Ended 14 years of Grand National sweepstakes

    Joined:
    Aug 22, 2014
    Messages:
    7,602
    Location:
    Belfast
    Are there any cannabis companies floated as I think it would be worth investing in now with the popularity it's gaining worldwide?
  24. Jul 26, 2018
    #24

    Revan Assumptionman

    Joined:
    Dec 19, 2011
    Messages:
    37,970
    Location:
    Munich
    Amazon is fecking unstoppable. Always thought that the 'fight' for the world's most important company will be between Apple and Google, but Amazons seem destined to dwarf both of them soon.
  25. Jul 26, 2018
    #25

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
  26. Jul 26, 2018
    #26

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    They've already passed Google....and are nipping at the heels of Apple. Both are quickly nearing 1 trillion in market cap.
  27. Jul 26, 2018
    #27

    Grinner Fat gutted, hairy shouldered, stinky Arse. Staff

    Joined:
    May 5, 2003
    Messages:
    64,232
    Location:
    I love free dirt and rocks!
    Supports:
    Arsenal

    I reckon they are risky since anybody can grow the stuff. The laws are volatile too. Here in CA all suppliers had to dump a load of product because the rules on packaging changed. The prices in Oregon nosedived because of oversupply recently too.
  28. Jul 26, 2018
    #28

    Pexbo has never watched Star Wars

    Joined:
    Jun 2, 2009
    Messages:
    43,088
    Location:
    Brizzle
    Amazon are literally the peak of capitalism.
  29. Jul 26, 2018
    #29

    Revan Assumptionman

    Joined:
    Dec 19, 2011
    Messages:
    37,970
    Location:
    Munich
    Yeah, I know. They were half the size of Google just two years ago, and now are ahead of them despite Google's incredible growth. Wouldn't be surprised at all if they pass Apple this time next year, if not sooner.
  30. Jul 26, 2018
    #30

    Eboue nasty little twerp with crazy bitter-man opinions

    Joined:
    Jun 6, 2011
    Messages:
    52,338
    Location:
    "Why not both?" -Damien
    Supports:
    Arsenal
    And yet they cant treat their workers well
  31. Jul 26, 2018
    #31

    Revan Assumptionman

    Joined:
    Dec 19, 2011
    Messages:
    37,970
    Location:
    Munich
    Pretty sure that Facebook is here to stay too. They have bought their rivals, and they have one of the top teams in the world when it comes to Machine Learning which is becoming (if not has already become) the most important thing on the tech.
  32. Jul 26, 2018
    #32

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    Yes incredible growth. This was a $400 stock only 4 years ago.
  33. Jul 26, 2018
    #33

    Dan

    Joined:
    Mar 2, 2009
    Messages:
    11,833
    [Mike Schatner]They treat their workers very well, I know because my son works there.[/Mike Schatner]
  34. Jul 26, 2018
    #34

    Revan Assumptionman

    Joined:
    Dec 19, 2011
    Messages:
    37,970
    Location:
    Munich
    Depends which one of them. Those that are really doing the tech thing are actually treated like kings, those in low roles are treated extremely bad, with some of the stories being totally shocking. I know plenty on the first category, and no-one in the second category though, so not sure how accurate are those stories.

    I think that equally worrying is also the way how they crush competition. They are killing thousands of businesses each year.
  35. Jul 26, 2018
    #35

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    Agreed. Short of being broken up for being a monopoly they are going to continue to thrive, especially since they have diversified with all their one off acquisitions.
  36. Jul 26, 2018
    #36

    Rado_N Yaaas Broncos!

    Joined:
    Apr 6, 2009
    Messages:
    92,835
    Location:
    Manchester
    Bezos probably just got a few billion richer on paper.
  37. Jul 26, 2018
    #37

    Ian Reus Ended 14 years of Grand National sweepstakes

    Joined:
    Aug 22, 2014
    Messages:
    7,602
    Location:
    Belfast
    Cheers. I'll have a sniff.

    Yeah, I can see there being more downs than ups over next year or two but I think there'll be a lot of innovation in terms of how we'll use it. For example, I read yesterday that a Canadian company has brewed their first and maybe thee first ever cannabis beer.
  38. Jul 26, 2018
    #38

    Revan Assumptionman

    Joined:
    Dec 19, 2011
    Messages:
    37,970
    Location:
    Munich
    143 billions now. He was less than 100 billions by the end of last year.

    However, most likely he doesn't make the top 10 of all time (though I think that people overestimate the worth of people in the past).
  39. Jul 26, 2018
    #39

    Raoul Admin Staff

    Joined:
    Aug 14, 1999
    Messages:
    106,138
    Location:
    California
    He cracked 150b a week or two ago. This should push him above that mark.
  40. Jul 26, 2018
    #40

    Rado_N Yaaas Broncos!

    Joined:
    Apr 6, 2009
    Messages:
    92,835
    Location:
    Manchester
    It's still illegal on a federal level so I don't see how they could.

    Cannabis businesses in states where it's legal have to operate using cash because of federal laws meaning they can't use bank accounts.