• jj4211@lemmy.world
      6·
      12 hours ago

      Funny thing is that when the decline had been going for a month, people kept saying "well YTD is really what you should pay attention to.

      Now the goalposts have moved to five years.

      Note that after infamous black Tuesday in 1929, all the charts generally show the decline from one month prior. Black Tuesday didn’t look as catastrophic if you looked at one year graphs. It would have looked positively rosy on a five year graph, despite being one of histories biggest financial catastrophes.

      • dusk@piefed.socialEnglish
        3·
        12 hours ago

        Nothing funny about it, the short term graph is deliberate delusion

        People were posting them all the time a year, or so ago regarding tesla, but the real picture was shown by the 5 year graph

        I want these companies to fail, but I am not going to bullshit myself, or anyone else into looking like idiots.