It is absolutely wild that the SP500 closed up today.

[viss@mastodon.social]

@hal_pomeranz @jerry well thats on the inside

[jawarajabbi@mastodon.online]

@jerry

My personal theory - and I know this sounds nuts but come on now why not? - is that elements in the US government are feeding US taxpayer dollars into the market to prop it up.

[codinghorror@infosec.exchange]

@jerry big disconnect

[wendinoakland@beige.party]

@jerry All that fossil fuel is magically more expensive because of war! Cha-ching!

[sheep_overboard@infosec.exchange]

@jerry

Never knew an oligarch who didn't relish war.

[paul_ipv6@infosec.exchange]

@jerry

if they could ever come up with a hallucinogen as effective as what the stock market folks experience, it would sell like hotcakes.

[ferrix@mastodon.online]

@Viss @jerry billionaire mood ring

[viss@mastodon.social]

@ferrix @jerry hah! yes!

[jesstheunstill@infosec.exchange]

@jerry well, up by 0.04%. But yeah the point stands that it really should be down a bunch. But the wild thing is that several oil companies are up big time. I guess it's the ones who don't have middle east operations, so they get to command the market?

[jerry@infosec.exchange]

@JessTheUnstill I am not too surprised by oil companies being up. Those that are still able to move their product will get a much higher profit margin than they had been due to the rise in oil futures. The rest is really strange.

[jzb@hachyderm.io]

@jawarajabbi @jerry I think that’s more or less accurate. The whole Anthropic/DoD charade last week seemed to be about handing govt money to OpenAI which in turn has a $300bn deal with Oracle…

And, of course, the market loves war. Lots of money to be made there.

What a horrible world.