- This topic has 815 replies, 23 voices, and was last updated 2 years, 4 months ago by
Coronita.
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February 25, 2022 at 12:37 PM #823964February 25, 2022 at 12:40 PM #823965CoronitaParticipant
[quote=deadzone][quote=Coronita]
Shouldn’t you be back in the office, deadzone, working and not wasting time on the internet? I mean, people that work in the office are suppose to be more focused and efficient and not waste time using company resources checking out a finance blog, right?[/quote]
I’m actually not working today so no guilt. That reminds me of another of my favorite Office Space scenes.
I think the remote work revolution, long term, is just going to expose the reality that Office Space pointed out more than 20 years ago. The end game to this is if/when the Fed easy money policy changes, there will be a lot of layoffs and more and more US remote workers replaced by Indians and others.[/quote]
Lol, and like Indians, and Romanians, Polish, and Eastern slovik contract engineers don’t slack off….ever…. You definitely must not be in management…lol…
How much is the Dow suppose to fall again? Can I get a quote from you again?
Interesting, why is it every time you are on piggington, you are conveniently also not working???? I think this is the nth time those went hand in hand.
Hmmmmmmm.
February 25, 2022 at 12:40 PM #823966Anonymous
Guest[quote=sdrealtor][quote=deadzone][quote=sdrealtor]You missed one major reason prices shot up also. After living through COVID a lot of people’s preferences have changed. People got used to spending more time at home and want nicer homes. That’s unlikely to revert[/quote]
Is that really your best counter-argument for why home prices won’t correct post-covid?[/quote]
Nice straw man. Never said anything about them not correcting. It’s one reason they won’t correct as much as you think. There are plenty of others[/quote]
I don’t have any particular prediction other than pre-covid 2020 values is a logical starting point for correction. Beyond that who knows, some markets will correct more/less than others as you always point out. If Fed pivots again and ignores inflation, who knows what will happen. If I’ve learned anything about investing from the last 13 years, it is don’t fight the Fed.
February 25, 2022 at 12:42 PM #823967CoronitaParticipantDow only up now 700. Come on Deadzone. Please, try harder. We need that correction prediction soon. Only 19 minutes left before the day close…
Come on, you can do it. Push it over 1000. Need you to post some really negative thing
February 25, 2022 at 12:42 PM #823968GuestLet’s fact it, none of us are “working”. Only difference is I’m currently not charging my time to the company or customer.
February 25, 2022 at 12:45 PM #823969sdrealtor
ParticipantNow you are moonwalking. You said they have to go back to pre COVID. They don’t and are extremely unlikely too. Here is yet another reason. Real estate values are very sticky on the downward side and it takes a lot of time for them to adjust downward. The passage of time heals a lot of wounds and allows inflation to blunt a lot of what you expect. Lather rinse repeat and rent
February 25, 2022 at 12:46 PM #823970CoronitaParticipant[quote=deadzone]Let’s fact it, none of us are “working”. Only difference is I’m currently not charging my time to the company or customer.[/quote]
I’m not an hourly worker, so I don’t know what you mean by “charging my time to a company or customer…” That would be unethical.
Are you an hourly person? If so, then I totally understand people might be concerned for wanting you to work in the office so they monitor you and make sure every hour you or your agency charges you are actually doing something. Yes, that probably makes much more sense for hourly paid workers…
February 25, 2022 at 12:53 PM #823971Guest[quote=Coronita]Dow only up now 700. Come on Deadzone. Please, try harder. We need that correction prediction soon. Only 19 minutes left before the day close…
Come on, you can do it. Push it over 1000. Need you to post some really negative thing[/quote]
your stock portfolio must be in very bad shape if you are cheerleading the market this hard!
Anyway, don’t talk to me, talk to J Powell if you need some help. All he has to do is make the following announcement: “due to unexpected geo-political risks, the Federal Reserve has decided to postpone the originally scheduled monetary tightening until a date to be determined”
This statement is what the market is dreaming about right now. Wouldn’t shock me one bit if it actually happens. If so, we will certainly go back to all time highs and your portfolio will be solid again.
February 25, 2022 at 1:00 PM #823972Guest[quote=Coronita][quote=deadzone][quote=Coronita]
Shouldn’t you be back in the office, deadzone, working and not wasting time on the internet? I mean, people that work in the office are suppose to be more focused and efficient and not waste time using company resources checking out a finance blog, right?[/quote]
I’m actually not working today so no guilt. That reminds me of another of my favorite Office Space scenes.
I think the remote work revolution, long term, is just going to expose the reality that Office Space pointed out more than 20 years ago. The end game to this is if/when the Fed easy money policy changes, there will be a lot of layoffs and more and more US remote workers replaced by Indians and others.[/quote]
Lol, and like Indians, and Romanians, Polish, and Eastern slovik contract engineers don’t slack off….ever…. You definitely must not be in management…lol…
How much is the Dow suppose to fall again? Can I get a quote from you again?
Interesting, why is it every time you are on piggington, you are conveniently also not working???? I think this is the nth time those went hand in hand.
Hmmmmmmm.[/quote]
Yes but those foreign workers charge a lot less money to slack off.
February 25, 2022 at 1:06 PM #823973CoronitaParticipant[quote=deadzone][quote=Coronita]Dow only up now 700. Come on Deadzone. Please, try harder. We need that correction prediction soon. Only 19 minutes left before the day close…
Come on, you can do it. Push it over 1000. Need you to post some really negative thing[/quote]
your stock portfolio must be in very bad shape if you are cheerleading the market this hard!
Anyway, don’t talk to me, talk to J Powell if you need some help. All he has to do is make the following announcement: “due to unexpected geo-political risks, the Federal Reserve has decided to postpone the originally scheduled monetary tightening until a date to be determined”
This statement is what the market is dreaming about right now. Wouldn’t shock me one bit if it actually happens. If so, we will certainly go back to all time highs and your portfolio will be solid again.[/quote]
I can’t argue with that. I wish I was doing better this year. I’m down -4.98% Retirement accounts slightly less damage due to a lot less risk.
[img_assist|nid=27528|title=2022|desc=|link=node|align=left|width=300|height=57]
Please help , deadzone!
February 25, 2022 at 1:40 PM #823974CoronitaParticipantDamn, deadzone, you’ll need to be more negative at closing on monday. We only inched an extra 100pt on dow.. We fell short of the +1000 dow gain in one day.
Let’s try again on Monday!
February 25, 2022 at 4:01 PM #823975Participant[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]You missed one major reason prices shot up also. After living through COVID a lot of people’s preferences have changed. People got used to spending more time at home and want nicer homes. That’s unlikely to revert[/quote]
Is that really your best counter-argument for why home prices won’t correct post-covid?[/quote]
Nice straw man. Never said anything about them not correcting. It’s one reason they won’t correct as much as you think. There are plenty of others[/quote]
I don’t have any particular prediction other than pre-covid 2020 values is a logical starting point for correction. Beyond that who knows, some markets will correct more/less than others as you always point out. If Fed pivots again and ignores inflation, who knows what will happen. If I’ve learned anything about investing from the last 13 years, it is don’t fight the Fed.[/quote]
What I was talking about last year that you said I was making up. Carlsbad has highest appreciation and even more Meaningful as one of the highest cost markets. Everything was going up everywhere just here faster
March 2, 2022 at 11:48 AM #823995GuestNo surprise, now Google announcing return to the office. Obviously Google and Amazon are the leaders of the Tech industry, the rest of the industry is going to fall in line with them.
Sure there will be some niche workers who continue to remote work forever, and small companies like FLU’s where the logistically it makes more sense to remote work perhaps. But from macro scale, the reality is majority of workers are going to have to come in to the office, at least part time.
March 2, 2022 at 12:11 PM #823997CoronitaParticipant[quote=deadzone]No surprise, now Google announcing return to the office. Obviously Google and Amazon are the leaders of the Tech industry, the rest of the industry is going to fall in line with them.
Sure there will be some niche workers who continue to remote work forever, and small companies like FLU’s where the logistically it makes more sense to remote work perhaps. But from macro scale, the reality is majority of workers are going to have to come in to the office, at least part time.[/quote]
Google was already an in-person only office anyway. That hasn’t changed from day 1. They never had a plan to allow remote work permanent. There’s no difference.
Microsoft on the other hand did decide to accept remote workers, for the right candidate, as several recruiters have explained to me. There’s a reason for that too. They are trying to lead by example that their tech lends itself to remote work, which is why they are massively expanding their Teams platform..
Is the stock market and tech and housing market still going to crash? We need another boost today 🙂
March 2, 2022 at 1:03 PM #824003GuestObviously a massive amount of Google employees have been working exclusively at home since Covid, just like most other companies. Now many are going to go back to the office.
Bottom line, the number of folks working exclusively from home, will be a fraction of the folks compared to during Covid.
I’m not predicting a crash. Just a correction, to pre-Covid levels, which would still be epically overpriced based on historical averages.
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