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   Dan Goodin (dangoodin@infosec.exchange)'s status on Wednesday, 05-Mar-2025 06:09:11 JST Dan Goodin

   Elmo critics: don't gloat too much about the recent declines in Tesla stock. Shares of this company have always been volatile, so a 32% drop since the beginning of the year says little. Share prices as of today are still 24% higher than 6 months ago, 44% higher than this time last year, and more than 5-fold higher over 5 years. Shares could surge again. It's way too early to declare any sort of victory or comeuppance.

   • GreenSkyOverMe (Monika) repeated this.
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     Dan Goodin (dangoodin@infosec.exchange)'s status on Wednesday, 05-Mar-2025 06:09:11 JST Dan Goodin

     in reply to

     I think people are also making too much of the recent fall in the broader stock markets. Prices go down, and they go up. Yes, since the orange felon took office, the S&P 500, Dow Jones and NASDAQ are all down. But slumps like these happened under Biden, too, and they happened under other presidents. For instance, in November 2022, as the US was going into the midterm elections, the S&P was down by more than 1% since Biden had taken office more than 2 years earlier.

     No matter our politics, we all live in bubbles. We make hay when things look bad for our opponents. We are more open-minded when things look bad for the people we support. If we on the left don't want to keep getting beat, we need to be smarter and more rigorous in our thinking.