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RE: Friday Finance 7/21/2023: how the cookie crumbles
I've noticed the uptick in the stock market these past few weeks too! Although it's been great to see, it's been bittersweet for me since crypto's been relatively stagnant given all the good news in the sector recently. I wonder if it's market suppression by the corporations holding coins now, general investor fears (or a mixture of both)?
The car market is so strange right now. It think many automakers are scrambling to pivot to EVs so it's an odd time of transition. A friend of mine in Arizona has been trying to find a car now for months and hasn't had any luck. Either the prices are too high or he's been underwhelmed by what's out there. He was driven away from American cars and started looking at German brands. I don't know if it would reframe things for your wife or not but I recently came across this list of the "most American" brands/models and, except for Tesla, it wasn't what I expected. The Envision is a great vehicle though, that will be a good choice.
I haven't seen that site but I know brands like Honda are made right in or near Columbus and are probably more American than some other brands. I get where she is coming from though since both our dad's were union auto workers so it's a decision on her part I respect. I'm curious what happens as we get closer to the halving. Even if there is suppression, they might not be able to contain it.
Oh yeah, a few of my friends' parents worked at the plant in Marysville and would commute every day. I think they made Accords back in the day. Hondas are really popular in Central Ohio. I've owned many in my lifetime, including my second favorite car a 1986 Honda CRX.
I feel like those who're suppressing the market right now will want to run the market up as high as possible and take their gigantic profits. It's going to be very wild but it could wreck a lot of smaller investors who don't DCA. They always buy too high (FOMO) then sell too low (FUD).
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