This week in Laughing Stock, we look at the layoff drive, Goldman Sachs and rising share prices of insurance companies
21-Jan-2023
These are dull times. Crypto fall is done, high market volatility is no more and central banks have started raising interest rates. As someone who has never seen the market before 2020, isn't the market supposed to be adventurous and going upwards all the time? Even Adani stocks are falling now! What is happening? Only the market Gods and manipulators know. But for now, we are going to look at memes because that's the only thing that gives us joy in this dead market.
In case you thought you were a bad investor... pic.twitter.com/g59FgwTZjk
— Dr. Parik Patel, BA, CFA, ACCA Esq. (@ParikPatelCFA) January 19, 2023
Remember the line from Star Wars: Phantom Menace? "There's always a bigger fish". Whenever you feel bad about your portfolio, then just remember that there is always a much worse investor.
We'll just pretend that both of them did not fall more than 30 per cent in last three months.
If we speak, we will be in trouble.
At this point, it feels like a competition of who lays off the most employees among the biggies.
Aren't both these stocks supposed to fall all the time? When was the last time we saw both of them going up 40 per cent? Been ages.
It seems this deal started like a decade ago. How long?! Just give them the company already.
Goldman Sachs knows something that we all do not know. After all, it is the company that called 3,000 employees for a meeting at 7:30 in the morning only to fire them.
