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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. S&P Breaks 4,500

S&P Breaks 4,500

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  • taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote on last edited by
    #37

    Well, obviously the markets have confidence in what President Biden is doing. LOL

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #38

      Don't look now, but look what companies are posting most of the gains.

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      AxtremusA 1 Reply Last reply
      • JollyJ Jolly

        Don't look now, but look what companies are posting most of the gains.

        AxtremusA Away
        AxtremusA Away
        Axtremus
        wrote on last edited by
        #39

        @Jolly said in S&P Breaks 4,500:

        Don't look now, but look what companies are posting most of the gains.

        Why?

        1 Reply Last reply
        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #40

          Concentration of wealth.

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          Doctor PhibesD 1 Reply Last reply
          • JollyJ Jolly

            Concentration of wealth.

            Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote on last edited by
            #41

            @Jolly said in S&P Breaks 4,500:

            Concentration of wealth.

            Tech owners are essentially modern-day oil barons.

            I was only joking

            1 Reply Last reply
            • MikM Offline
              MikM Offline
              Mik
              wrote on last edited by
              #42

              Oil, steel, railroad, automobile, tech.. it will be ever thus as new growth industries arise.

              "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

              1 Reply Last reply
              • Doctor PhibesD Offline
                Doctor PhibesD Offline
                Doctor Phibes
                wrote on last edited by Doctor Phibes
                #43

                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

                Aqua LetiferA 1 Reply Last reply
                • HoraceH Offline
                  HoraceH Offline
                  Horace
                  wrote on last edited by
                  #44

                  It's almost like mainstream big tech has been the obvious stock market bet since the dot com bubble crash.

                  Education is extremely important.

                  1 Reply Last reply
                  • Doctor PhibesD Doctor Phibes

                    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.

                    Aqua LetiferA Offline
                    Aqua LetiferA Offline
                    Aqua Letifer
                    wrote on last edited by
                    #45

                    @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.

                    Please love yourself.

                    1 Reply Last reply
                    • CopperC Offline
                      CopperC Offline
                      Copper
                      wrote on last edited by
                      #46

                      The IT industry in the US employs about 12 million people.

                      I can remember when this number was roughly zero.

                      Things change.

                      1 Reply Last reply
                      • MikM Offline
                        MikM Offline
                        Mik
                        wrote on last edited by
                        #47

                        There have always been layoffs when old technologies give way to new.

                        "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                        Aqua LetiferA 1 Reply Last reply
                        • MikM Mik

                          There have always been layoffs when old technologies give way to new.

                          Aqua LetiferA Offline
                          Aqua LetiferA Offline
                          Aqua Letifer
                          wrote on last edited by
                          #48

                          @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.

                          Please love yourself.

                          1 Reply Last reply
                          • RainmanR Offline
                            RainmanR Offline
                            Rainman
                            wrote on last edited by
                            #49

                            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.

                            Aqua LetiferA 1 Reply Last reply
                            • RainmanR Rainman

                              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.

                              Aqua LetiferA Offline
                              Aqua LetiferA Offline
                              Aqua Letifer
                              wrote on last edited by
                              #50

                              @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.

                              Please love yourself.

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