News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.

And that could be a boon for the stock market and your 401(k).

  • Flying Squid
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    91 year ago

    “I’m confident that this company that has never made money will make money someday, so I’m going to pay $30 a share for it” still sounds like it’s imaginary money to me.

    • @[email protected]
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      fedilink
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      1 year ago

      That’s because you don’t understand how new and growing companies work. You don’t show a “profit” if you invest your revenue back in the company.

    • @iopq
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      11 year ago

      No, it’s called expected value. Amazon never made a profit for decades until it did.

      • girlfreddy
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        31 year ago

        Bezos opened Amazon in 1994, took it public in '97 and in 2003 it earned its first full-year profit. So 9 years to be exact.

        source and source

        • @iopq
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          01 year ago

          I mean the fact that it didn’t have a profit for many years after that. Until 2017 it was essentially 0 profit because Bezos kept reinvesting the money back into the business