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An Original Thought@lemmy.ml to news@hexbear.netEnglish · 2 days ago

Tech stocks suffer worst week since April after $800bn AI sell-off

www.ft.com

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  • usa@midwest.social
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Tech stocks suffer worst week since April after $800bn AI sell-off

www.ft.com

An Original Thought@lemmy.ml to news@hexbear.netEnglish · 2 days ago
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26
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  • cross-posted to:
  • usa@midwest.social
  • usa@lemmy.ml
Nasdaq falls 3% over the five-day period as investors worry about sky-high valuations
  • pastalicious [he/him, undecided]@hexbear.net
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    2 days ago

    A lot of 401k havers will be impacted as well but so many people are so much worse off now than 2008 and have no retirements to lose that it will look different.

    • pastalicious [he/him, undecided]@hexbear.net
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      2 days ago

      Every fund my retirement account website recommended had nvidia, apple and Microsoft in the top five holdings. I had to specifically know I didn’t want that and move the money out to get away from it… and the other funds are tied up in other stupid bullshit that seems like bubbles too. Imo Retirement accounts are a trap to make working class folks think like capitalists.

      • 30_to_50_Feral_PAWGs [she/her]@hexbear.net
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        2 days ago

        And with Nancy Pelosi retiring, you can’t even put your retirement fund in one of the ETFs that tracks her insider trading anymore kitty-birthday-sad

      • LeeeroooyJeeenkiiins [none/use name]@hexbear.net
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        2 days ago

        Well yeah

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