S&P Breaks 4,500
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@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@jolly said in S&P Breaks 4,500:
Do a little reading on corrections and crashes early in your retirement as compared to later in your retirement.
Well yeah, at the point when you're getting close to retirement, it makes sense to move things to safer areas. Short term risk is clearly a thing, particularly when there's a bubble, long-term less so. But remember the gloom mongers in 2008? How did those predictions of Armageddon play out?
The bail out was the immediate consequence of the experts telling us by consensus that the Armageddon would happen without it.
In the long run, did the bail out really matter - what would have happened without it? A bunch of companies would have gone under, and been replaced with other companies.
I'm not really an expert on this sort of thing, but it seems to me that people talk a lot of shit. The bailout was essentially welfare for rich people.
@doctor-phibes said in S&P Breaks 4,500:
n the long run, did the bail out really matter - what would have happened without it? A bunch of companies would have gone under, and been replaced with other companies.
That is what the expert consensus spoke to. It allegedly was not going to be a matter of same old shit different day with the only fallout being some rich bankers swallowing a gun. But of course I don’t know what would have happened, and at the time was in a mood to let it burn. I still wish we would have, but maybe I should be careful what I wish for.
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Might break 5,000 today. Then again, when I started this thread in August 2021, the S&P didn't hit 4500 again for over 2 years
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Well, obviously the markets have confidence in what President Biden is doing. LOL
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Don't look now, but look what companies are posting most of the gains.
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@Jolly said in S&P Breaks 4,500:
Concentration of wealth.
Tech owners are essentially modern-day oil barons.
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I imagine that some folk are going to get really, really rich on the back of AI, until of course they're eventually replaced by AI.
I was only joking
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I imagine that some folk are going to get really, really rich on the back of AI, until of course they're eventually replaced by AI.
@Doctor-Phibes said in S&P Breaks 4,500:
I imagine that some folk are going to get really, really rich on the back of AI, until of course they're eventually replaced by AI.
I'll be amazed as fuck if AI doesn't have a catastrophic effect on the job market. Which in turn will fuck up the economy. Hard to buy tech shit when your entire career no longer exists.
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@Mik said in S&P Breaks 4,500:
There have always been layoffs when old technologies give way to new.
This is very different. This technology is not used to replace one set of skills with another. It's used to give the skills of other industries to others who don't have those skills, and the interface is kept as user-friendly as possible.
There's no such thing as a "prompt engineer" any more than there is a profession of "iPhone operators." This won't create nearly as many jobs as it will destroy.
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We are already using it for content generation. Well, not me specifically, but in use for promotion. But, everything is reviewed by a reasonably smart person, for accuracy and style.
It helps a lot. Writer's block? Don't know how to offer anything different or unique in terms of content? ChatGPT works great as a helping (virtual) hand. But, I don't like it at all. -
We are already using it for content generation. Well, not me specifically, but in use for promotion. But, everything is reviewed by a reasonably smart person, for accuracy and style.
It helps a lot. Writer's block? Don't know how to offer anything different or unique in terms of content? ChatGPT works great as a helping (virtual) hand. But, I don't like it at all.@Rainman said in S&P Breaks 4,500:
It helps a lot. Writer's block? Don't know how to offer anything different or unique in terms of content? ChatGPT works great as a helping (virtual) hand. But, I don't like it at all.
Just FYI: For content, there's what the information is, and there's how you present it. It's very important to find some useful novelty for that second part, and if you rely on that tool for that part, all you'll ever get is an average of what it's pulling from. It'll be better than nothing I guess, but don't delude yourself into thinking it's nearly as effective as a good idea. Still need a person for that.
