Stock Market (26 Viewers)

[AFL_ITALIA]

Airbnb had some really nice earnings, up a total of $13 / 7.8% from the start of the day. Now the question is, do I hold on reopening or do I sell on rising rates?

Leaning towards the latter.

Job mobility here is non-existant

impossible to get hired
impossible to get transferred
impossible to be let go

This is why employers don't take risks with high salary on a potential bum. Because being a bum is literally protected by labor law here.

First time you arrive at a job and see your desk, this is where you will be spending the next 35 years on the same conditions. Good chance next to your workplace there is some fart with a typewriter from 1987.

Good or bad, it depends on your gameplan.

That doesn't sound very stereotypically efficient of Germany

 

Buy on AliExpress.com

[icemaη]

Airbnb had some really nice earnings, up a total of $13 / 7.8% from the start of the day. Now the question is, do I hold on reopening or do I sell on rising rates?

Leaning towards the latter.


That doesn't sound very stereotypically efficient of Germany

Not sure about other industries, but in tech there seems to be a lot of shortage of talent. Plenty of companies hiring from outside of Western Europe, especially from India. Pay, while not comparable to US, is not bad either.

 

[lgorTudor]

Not sure about other industries, but in tech there seems to be a lot of shortage of talent. Plenty of companies hiring from outside of Western Europe, especially from India. Pay, while not comparable to US, is not bad either.

They don't hire indian code monkeys for talent, but because they are cheaper than dirt and work 27 hours a day, on temporary employment conditions. Our IT market is crowded with graduates but they are being wage-dumped by weaponized globalization. Accelerated by covid and WFH, traditional work environments are broken down. Probably the same phenomenon is happening in Silicon Valley. I predicted this and stayed out of IT.

 

[AFL_ITALIA]

Idk, firms here can't hire enough software engineers/developers. Maybe there are different laws about outsourcing between US and Germany but companies are certainly hiring here.

 

[icemaη]

Idk, firms here can't hire enough software engineers/developers. Maybe there are different laws about outsourcing between US and Germany but companies are certainly hiring here.

Indian software engineers are not cheap anymore and the ones I know moving to Europe for better lifestyle are definitely not cheap engineers. Good software engineers are paid ridiculously well here locally, so folks moving to the west are no longer moving for the money. The influx of crazy amount of VC funds to India has made it incredibly lucrative for the tech sector employees (Software, DevOps, Product Managers etc.) This wasn’t the case 7-10 years ago.
There are still outsourced jobs that are cheap, but the tech industry here as a whole is growing out to be a provider of great talent, unlike the decades prior where the low cost of talent was the selling point.

 

[Bjerknes]

Indian software engineers are not cheap anymore and the ones I know moving to Europe for better lifestyle are definitely not cheap engineers. Good software engineers are paid ridiculously well here locally, so folks moving to the west are no longer moving for the money. The influx of crazy amount of VC funds to India has made it incredibly lucrative for the tech sector employees (Software, DevOps, Product Managers etc.) This wasn’t the case 7-10 years ago.
There are still outsourced jobs that are cheap, but the tech industry here as a whole is growing out to be a provider of great talent, unlike the decades prior where the low cost of talent was the selling point.

I'm working with guys from India on one project I'm on and they're attending meetings through 2pm my time, which is like the middle of the night for them. Crazy.

 

[campionesidd]

Man, the market really really sucks right now.

 

[AFL_ITALIA]

Does anyone remember what money looks like?

 

[campionesidd]

Does anyone remember what money looks like?

I don’t even remember what not bleeding out to death looks like.

 

[lgorTudor]

cash stack looking strong

 

[Bjerknes]

Futures nuking, /ES down over 2%

Crude up 3.3%

 

[AFL_ITALIA]

The money was always going to be fucked, that's without question.

 

[Bjerknes]

Stagflationary depression here we come.

 

[Dostoevsky]

This is going to hurt.

 

[Bjerknes]

S&P futes weekly chart, looks like ass. On some support but still ass. There's a small gap around 4000 that needs to be filled.

 

[GordoDeCentral]

Good time to buy

 

[AFL_ITALIA]

Good time to buy

Do you trust that this is the bottom though, or close to it? Tech could still fall further for example.

 

[GordoDeCentral]

Do you trust that this is the bottom though, or close to it? Tech could still fall further for example.

Yeah id probably wait till April, but if I'm buying to hold it doesn't really matter that much

 

[Bjerknes]

Good time to buy

It's being bought up heavily now, should have jumped in for a day trade. But there's a lot of uncertainty, especially surrounding these Russian banks which are heavily connected to London supposedly. So I would be worried about potential defaults coming, and who knows who or what could be impacted there.

 

[GordoDeCentral]

It's being bought up heavily now, should have jumped in for a day trade. But there's a lot of uncertainty, especially surrounding these Russian banks which are heavily connected to London supposedly. So I would be worried about potential defaults coming, and who knows who or what could be impacted there.

Yeah it depends on your reading of this whole thing, based on my limited time in this world i highly doubt what's going on is not somewhat already negotiated