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[–] avgwhtguy1 1 points 12 points (+13|-1) ago 

The stock market is a ponzi scheme; all companies are overvalued, just a matter of hype, deflation, and desperation.

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[–] Pluviou5 0 points 3 points (+3|-0) ago 

It's a casino on top of a ponzi scheme.

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[–] Ban_Circumcision 0 points 3 points (+3|-0) ago 

not to mention debt based buybacks that inflate their values,.

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[–] Men13 0 points 5 points (+5|-0) ago  (edited ago)

EVEN IF NIKE GAINED 3.2% back the next day IT'S STILL A NET NEGATIVE!!

Stopped reading there. Your are wrong, and you obviously don't have the most basic understanding of the stock market.

You think you are so smart understanding % better than anyone, but other people understand it too. Including the people who created the stock market!

Imagine that! High level accomplished economists know highschool level math!


The % isn't taken from the current value, it's taken from the value at the beginning of the year.

So if the stock is currently worth $1, and then the news say it dropped 10%, that's not enough information to know how much the new worth is.

If at the beginning of the year it was worth $0.50, then after the 10% drop it's worth $0.95. if at the beginning of the year it was worth $2, then after the 10% drop it will be $0.8.

In fact, if a stock price has risen a lot over a year, then it's possible for the value to drop >100%!

Every year the value of the company is evaluated and published, and that becomes the new baseline for the entire year.


So if the stock list 10%, then gained 10%, it went back to the original value.

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[–] Native [S] 0 points 1 points (+1|-0) ago 

Fair enough, I didn't know that.

My math and concept still remains solid

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[–] vastrightwing 0 points 4 points (+4|-0) ago 

Math is hard when you were taught common core.

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[–] fuckingmockies 0 points 3 points (+3|-0) ago 

It's not they people don't understand the stock market - they don't understand basic math.

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[–] speedisavirus 0 points 3 points (+3|-0) ago  (edited ago)

This has nothing to do with the stock market. It's math. 3% of 100 is more than 3% of 70. To get back from their loss they need a higher % of growth than the loss.

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[–] Islamiscancer 0 points 3 points (+3|-0) ago 

This image defeats your argument entirely..

https://imgoat.com/uploads/a09c8844ba/143374.png

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[–] Native [S] 0 points 0 points (+0|-0) ago 

They have lots of money yes

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[–] 6gorillion 0 points 1 points (+1|-0) ago 

Except you are talking about billions of dollars. Nike still has billions of dollars. There is no possible way you can convince me that they aren't doing well when they still have billions of dollars.

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[–] Native [S] 0 points 0 points (+0|-0) ago 

Even a company like NiKE gets hurt when they lose 4 billion dollars

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[–] 6gorillion 0 points 1 points (+1|-0) ago 

What like the head jews of the company only got like 100 million dollar bonuses instead of 1 billion? You aren't going to convince me that hurts them.

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[–] syntaxaxe 0 points 1 points (+1|-0) ago  (edited ago)

It's not just a problem about financial markets. People's inability to quickly grasp basic mathematical concepts in real life situations - particularly things like percentages and statistical probabilities - causes all kinds of inaccurate views of reality that lead to large problems in the world.

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[–] Native [S] 0 points 0 points (+0|-0) ago 

It really does, i've noticed this trend with boomers and their retirements.