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stock market
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2020-03-18
All Things Will Pass
On this day, I recall watering my succulent and staring out the window with grave uncertainty of what was to come and utter confusion as to what exactly was happening. The stock market had just crashed andante pumped back up within minutes and the news was flooded with death and infection rates rising as people began clamoring for grocery stores to hoard supplies. The past two years living through COVID has felt somewhat like the process of the Calvin Cycle that kept my succulent in this photo nice and healthy. Although it is nearly impossible to articulate what life has been like or what was observed over the last two years, one great lesson I gained is the understanding that nothing is forever. It is all temporary. As I watered my plant with sheer emptiness and mentally checked-out due to the shock of the situation at the time, I began thinking about the Calvin Cycle process that my succulent or any plants outside would go through as my species was in dire panic. The world seemed to have stopped and sped up over night, but life itself remained to be what it was. Then the thought occurred to me. All things will pass. Living through COVID the last two years has seen work-from-home jobs rise to masses. I left one job to work at another and found that this was the worst comfort and behavior our species grew to become adapted to. For once, it has made us disconnected from reality and from each other. By being disconnected, it creates an issue of empathy and connection. The mantra of "connected while away," was shared everywhere when COVID first came about, but two years later, this has become the opposite. An example of this was observing many downplay the deaths of people from the virus, yet become very emotional once it was one of their family members. This could be viewed under a quick search on Google for the Reddit page of "Herman Cain Award." Bringing this page up primarily serves to show that both sides of the COVID discourse became contradictory as both sides were insensitive toward death. Was it due to being separated? I'll allow you to consider this. Another interesting point observed during COVID was the rise of irrational spending and mass speculation. Alan Greenspan once called the mass speculation a product of "Irrational Exuberance." The premise of this best serves that of investing as it describes the investor enthusiasm which drives asset prices higher than they are worth. However, the same could be viewed through the grocery hoarding of toilet paper or food where people became highly speculative of how long thee lockdowns would be. This was also indicative of the housing bubble 2.0 in which the Federal Reserve opened massive quantitative easing and opened cheap lines of credit for many. The result created more greed as people began hoarding one of the basic needs of our species in housing. How can a species feel righteous commoditizing shelter? The answer is irrational exuberance. Unfortunately, the result of the quantitative easing has created a massive issue where as the time I type this, the 1Q GDP results of the United States is at -1.4% and the inflation rate is at 8.5%. The Irrational Exuberance may be spelling the end of this decade's journey of cheap credit as it appears we are now headed for another Recession the next quarter. However, despite all of this irrational exuberance and the great stress these past two years have brought, I can no longer complain. I have adopted and accepted the Stoic philosophical belief that we must care for our neighbors as this will all pass. History has proven to be very biased when thinking in retrospect, but I hope my current peers use this to improve the future. ....... also, I never mentioned the protests, presidential change, food shortages in Sri Lanka and Peru, or how we have a dollar shortage crisis that nobody is talking about. All things will pass. -
2022-01-29
Save our Children Tour?
The anti-vaxxers are out in full force. Disguising themselves as Patriots dedicated to personal freedoms and, for some reason, the saviors of children? This Save Our Children tour harkens back to Anita Bryant’s homophobic “Save Our Children” movement in the 1970s but it’s unclear if they’re the same thing? No about page on their website. I find this disturbing that not only are people hesitant to get vaccinated, some groups are mobilizing to spread misinformation and disinformation about the vaccines as well. This comes in the tail of Neil Young’s ultimatum he delivered to Spotify about their hosting of Joe Rogan’s podcast. Neil Young and now Joni Mitchell have demanded that Spotify drop their music if they keep hosting Joe Rogan. Spotify’s stocks are way down since they chose Joe Rogan over Neil Young. -
2021-05-21
Cryptocurrency and the Stock Market
Crypto currency and the stock market are still trending because of stocks/crypto like Dogecoin and Bitcoin and more. People on the internet were investing in crypto and people I knew also invested in crypto. Dogecoin was so popular Elon Musk invested in it and also tweeted about it. Stocks for these currencies/stocks were making people rich super fast, people I knew that invested in stocks cashed out in the high hundred thousands, some even made millions. The stock market right now would maybe even be called a digital “gold rush”. -
2021-04-15
A Little Crypto Called Dogecoin
Similar to my GameStop stories on here, I will try to narrate the DogeCoin experience as it goes on during the pandemic. DogeCoin, a crypto currency modeled after the popular internet meme involving a shiba inu dog in a funny pose, has been soaring the past week or so. Doge first entered my radar probably four-five years ago, when the original meme was popular. Supporters of the coin, which was not very valuable, used it to donate clean water to a village in Africa, as well as paying to sponsor a Nascar team with it for a short time. It largely fell off the radar, but somehow during the early part of this year it returned. Spurred on by meme-stock movements like GameStop, Doge rallied and returned to being worth around 4-5 cents per Doge, much higher than previously. It dipped initially after reaching 8 cents and the people with tens of millions of it selling for a hefty profit. Now, it is to above 12 cents, far more than it has ever been worth. Dogecoin is accepted by more and more websites every day, and famous personalities like Elon Musk and Snoop Dog have rallied behind it. Supporters have even taken out ads in New York's Times Square to promote the currency. While I have long had doubts about crypto currency, I didn't want to miss out on this like I did Bitcoin. I knew about Bitcoin when it was worth less than a dollar, and now it is worth over $60,000 per coin. Doge will never reach that level, but even my meager amount has nearly doubled in the past week. The wave of amateur investors spurred on by the pandemic has produced odd results, and perhaps the weirdest one is the coin based on a stale internet meme. -
2021-01-20
WallStreetBets, Covid, and GameStop
The story of GameStop, and my participation in the movement surrounding it in the stock market. -
2021-01-02
2021 Predictions
I actually agree with most of these predictions. I fear for the economy. I worry about the struggle people will face this year. -
2021-01-14
Five Ways to have Fun during the Pandemic
The SARS-Cov-2 pandemic has brought hard and difficult times for everyone. As an employee at a local bank, I was deemed as an essential worker. As a result, for the vast majority of the pandemic, I was working, helping people however I was able. While being deemed an essential worker, our bank rotated staff, and as a result, I spent about two weeks at home. During my time working and my time at home, I got into two things: movies and the stock market. 1. Movies Before the pandemic, I had never been a major fan of movies and films. However, with my time quarantined at home, I took advantage of this time by watching classic, critically acclaimed moves. Some of the favorites that I watched during this time were old Martin Scorsese films like Goodfellas, Taxi Driver, and Raging Bull. I also watched the original Scarface movie (1932), the Godfather series, as well as Braveheart. Watching these classic movies introduced me to a whole new world. 2. The Stock Market Working at a bank, we were hearing quite a bit about interest rates, mortgage rates, and, of course, the stock market. One of my coworkers introduced me to the market, showing me how to buy and sell stock. After piquing my interest, I began doing my research, learning the difference between terms like “value stock,” “dividend stock,” “blue-chip stock,” “exchange-traded funds,” etc. Outside of two new things I began to enjoy and spend time doing, the other three things that have helped me get through the pandemic are things that I have always enjoyed, but things I have come to appreciate even more: sports, classic literature, and technology. 3. Sports When the pandemic first began in early to mid-March, I remember looking forward to the beginning of the SEC basketball tournament and watching the Tennessee Volunteers basketball team play the Alabama Crimson Tide (since I am from Knoxville, I love the Vols). The game was set to start at noon; however, earlier that morning, I saw on Twitter that the SEC tournament had been canceled. Slowly, all sports began following. As an Arsenal F.C. fan in the English Premier League, I was also disheartened to hear that the Premier League would be postponing their season. However, with a lot of hard work and coordination, sports slowly began coming back. In mid-June, the Premier League resumed its season and in September began a new season. Likewise, the NFL season was able to go on, as was the college football season. While sports are, in the grand scheme of life, fairly insignificant, they provide people with a sense of community and a distraction from depressing life events. I will certainly not take sports for granted after the Covid-19 pandemic. 4. Classic Literature Since the senior year of my undergraduate degree, I have slowly grown to love classic literature. Making time to read books simply for fun can be hard to do in the daily hustle and bustle of life. However, Covid-19 slowed down the world for me. During my spare time, I read from plenty of authors, namely, Fyodor Dostoyevsky, Albert Camus, Leo Tolstoy, John Steinbeck, Alexandre Dumas, and others. Many of these authors discuss philosophical questions of life and existence. The first book I read at the start of the pandemic was The Plague by Camus. For the time, it was more than fitting, helping me to mull over the Covid-19 pandemic. These authors have provided a brief escape while also providing various questions and answers about how to confront life, even in a pandemic. 5. Technology Before the pandemic, I never realized how much technology can help us during times of quarantine. I have never really been tech-savvy and thus I never stopped to think about how important technology is, especially during a pandemic. While there are obvious drawbacks to technology in society, being able to facetime with my family and communicate with loved ones who had contracted the virus was very special. Again, while technology has many problematic elements, connecting loved ones during the pandemic has certainly been special. -
2021-01-11
COVID
A conversation I had probably back in February was with my dad. We had talked about what would happen if the virus came over here to America. He said that the stock market would crash, people would panic and go to mass hysteria, we would obviously have to quarantine too along with not letting people into stores and such. It did worry me at first but I had my doubts of much happening, although there still was a part of me that believed it would happen. But now that we're here I'm surprised he was able to accurately guess what would happen if the virus did come over here. When it first arrived, everyone panicked and stock piled on toilet paper or whatever, the stock market has been doing bad but I think it's gotten better, we were in quarantine for a while and those of us who are sick are still doing self quarantine. The stores and restaurants now have opened back up, some maybe just for pick up and stuff. The self quarantine has changed me a lot though, it really affected me negatively along with a lot of my friends and people I know. The stress and anxiety of just everything going on has worsened my mental state by a lot. -
2020-04-05
Corporate Growth
This is a photo of Elon Musk smoking marijuana on the Joe Rogan Experience podcast, captioned with the phrase “show me the money.” This is a reference to the astronomical growth of the Tesla Corporation in 2020 and the average investor’s potential to secure massive gains, as well as a joking reference to the near worship of Elon Musk that can be found in the subreddit ‘WallStreetBets.’ This subreddit often features ‘absolute madlads’ making huge gambles on stocks (usually TSLA, AAPL, or AMZN) and subsequently either securing massive returns tallying into the hundreds of thousands or losing everything. When most of my family was laid off from their jobs, my brother and I turned to day trading to keep ourselves and our family afloat. I was one of the only ones still employed at the time, and I was doing this in addition to working up to 75 hours a week to take advantage of overtime pay stacked on top of hazard pay. Although only my father and I were still working, everyone in the family still had bills to pay and the rent was still due. Tesla’s stock, specifically, has grown almost 500% this year and is set to grow even more. This meme is somewhat of an inside joke my brother and I had as we began securing leverage and buying covered calls on TSLA to increase our overall cash flow with the little savings we had to work with. We were quite literally counting on Elon Musk and his revolutionary car company that we had placed our faith in during this time to pay our rent. Luckily, it worked out for us. Ironically, the massive transfer of wealth to corporations from small businesses that went under as a result of COVID-19 was incredibly beneficial for my family and I since we invested in the right stocks at the right time. -
2020-10-05T15
Stocks Fall after Trump Announces Deferral of Stimulus Talks
President Donald Trump announces that he will not discuss the issue of stimulus talks to boost the economy during the pandemic. After this announcements, the DOW was down by 400+ points. -
2020-05
Time
Time. Time is an interesting concept. Everyone always wishes for more of it, but most people are not sure how to use the time they are given. Well, the point I am trying to make is that there are so many hours in a day, but do we know how to use them? Due to Covid-19, I really was able to think about this. For the first week or so, I saw this pandemic as a vacation from my rigorous class work. In the following weeks after that, I was in a constant state of boredom. I feel as if this is the story for most college students. This is when I decided I needed to do something about it. As the school year had concluded, I began to look for a job. Come to find out, it was truly not as hard as it seemed to find a job during a pandemic. In a week’s time, I had started my full-time job and could not be more excited. Of course, it took time to get use to the long hours and the physical demands, but, in time, it had become the perfect cure to my boredom. In fact, it felt so good that I did not want to stop there. With my newfound energy, I began to exercise for a minimum of two hours a day. When that was not enough, I decided to teach myself about the economy and the stock market. Now, me sharing my quarantine experience is not to gloat or to try and portray myself as one that is greater than another. With this story, I am trying to portray my realization that my view of time has changed. Before the pandemic, I would not believe that I would be working a full-time job, working out, and learn for fun all in the matter of 24 hours. I would not have thought I had enough time. With proper motivation though, and a more strict schedule, I had begun to realize that time is something that you will not have forever, so try and use the time that you have currently to its maximum potential. -
2020-05-25
Emotional Toll
I work at a prominent community college in California. When we first started hearing about the virus we took precautions right away in the office. First those employees over 65 were sent home to work remotely, because they were identified early on as being a risk group. Then we decided as a college to take all of the on ground classes and convert them to online for the remainder of the spring semester. Shortly after that, most all of the faculty and students were sent home to shelter in place. Those remaining were the lab classes in the industrial arts area and some CTE programs. Staff remained on campus and weeks went by as we continued to operate the college. Slowly staff were asked to work remotely from home, taking their work home with them. Division Offices remained open, as did the IT and Facility areas. The community continued to walk in the door with concerns and questions. Some of us felt we were at risk of infection, because no one really knew much about the virus at this point. I personally felt the effects of stress building. We were asked if we would like to begin working from home in mid-March by our supervisor, but there still wasn’t a directive from the District, so I was concerned. I took work home and my plants, not knowing if and when I would return, because of my age; almost 62. I worked remotely for seven days and then over the next weekend I became incapacitated, due to stress not only regarding the virus, family dynamics, elder care and stress of trying to do my work from a makeshift home office. I was out of the office for nine weeks, while my doctors prescribed slow acting medicines. I came out of my depressed state and now there are still so many things we don’t know about the virus. Besides the toll on me physically and emotionally I also saw a huge chunk of my retirement disappear, as the stock market tumbled. $40K lost out of one account alone. At my age I’ll likely never recover. I expect there will be fallout in other areas as well. While we were all wondering where we could go to buy toilet paper and disinfectant wipes, airlines were parking their planes, car rentals were parking their fleets and the housing market became a whole new game. Where will this all end up is anyone’s guess. What it has done is, the virus has been the great equalizer. Were all in this together. It knows no boundaries except that seniors appear to be the hardest hit group and are accounting for the largest percentage of deaths. On a personal note, I have not been able to meet my new grandson who was born on Mother’s Day because of Covid risk concerns my daughter has and I have to respect that and meet him over the Internet. My own Mom is 81 and will no longer accept a hug from me. It’s just sad. Dianne Nau -
2020-03-23
"The Hermit Herald", vol. 1 Issue 2
CV- Force Majeure; stocks Down; Taliban update. -
2020-04-16
Covid Kills Stocks
This graph shows the impact Covid-19 has had on stocks. As the virus spread and got worse as time passed you can see the dramatic dip in stocks and its obvious impact on the world economy. -
2020-03-09
A Journal of the Plague Year 2020
A personal journal of our quarantine and current events -
2020-03-17
Twitter Roaring 20's Meme
It is a tweet making fun of the fondness of the roaring 20's even though they are disastrous like they are now. #FordhamUniversity #VART3030 -
3/30/2020
Stocks got two positives Monday—drug industry breakthroughs and a more realistic government approach
The article discusses how two positive signs are impacting the economy