Comic Investing/Speculating During A Recession

[Anthony]

I am going to start doing Comic book “you are the father” videos like Maury. Surprise Wolverine with all his kids on the first episode.

[Bill]

No more flame emojis?
No more “bringing the heat”?
No more “that cover is dope”?
No more “that cover is sick”?
No more pictures with the thumb & pinky thinking that means something cool?
No more black baseball caps?
No more…etc, etc, etc

There may truly be a heaven on earth if these all disappear.

[mjwhitay]

Do you know how many people use the words sick and dope? This is so petty it makes me laugh. People younger than you exist. Imagine not wanting younger generations to get into comics. That is what you’re saying.

Gatekeepers. So. Many. Gatekeepers.

[Bill]

Lighten up Francis

[Anthony]

@mjwhitay

Do you know how many people use the words sick and dope?

I think he isn’t talking about the younger generation doing it as much as fat middle aged YouTube people. The same people whose thumb nails always have the surprised facial expression.

[D-Rog]

@mjwhitay

Do you know how many people use the words sick and dope? This is so petty it makes me laugh.

“Dripping” is the new sick/dope.

[Bill]

Does a “Dripper” = a “Banger”?

[Venomismypassion]

@Venomismypassion

I’m optimistic right now. This isn’t financial advice, but starting today I’m DCA’g back in.

Energy cost has mostly remained below crisis levels for a couple months now.

Inflation is waning quickly.

We’re about to witness insane deflation for discretionary goods and especially used cars.

Speculative assets (across the board - not just comics) have shed roughly 50-70% of their value.

My thesis is the only element of inflation we haven’t solved yet is the wage inflation that may cause another round of inflation for services (inflation for goods is largely over). However, I think the wage increases will predominately go to the bottom 50% of the income ladder, which in turn, helps solve the affordability issue that inflation caused in the first place.

Do I expect turbulence in the first and second quarter with job losses and diminishing property values in metro areas? I do.

But I think the job losses will be far less than what people expect, and things won’t get as bad as what most people think.

I don’t think things will explode back to normal, but in about 3-9 months I think we’ll have a relatively healthy economy again.

The rally is now confirmed with all equity markets now breaking the one-year downward trend line.

Get ready for comics to bounce back.

[monopolyjackson]

[Venomismypassion]

This is the 1-week chart. Major test coming at 13,000.

[Devildog]

I absolutely know very little about the markets and all that…what I do know is that the middle class folk like me in the Midwest are still paying $5 for a dozen eggs and are receiving the highest energy bills we’ve ever seen in years.

Maybe the rich folk will be doing better because of all those charts, graphs and wall street articles…but the average Jills and Joes I talk with are hurting.

[Venomismypassion]

Average Jill’s and Joe’s are about to get major raises.

[monopolyjackson]

You gotta be joking…

Aint nobody getting raises. The economy is in a downward spiral…

[Venomismypassion]

Walmart minimum wage jumps to at least $14 an hour for employees (usatoday.com)

“Walmart will raise its minimum hourly wage for employees at its U.S. stores beginning next month, the company said Tuesday. Store employee starting pay will be between $14 and $19 per hour beginning in early March, Walmart spokesperson Anne Hatfield told USA TODAY in an email. Those wages are up from $12 to $18 per hour , she said.”

The largest employer in the US begs to differ.

[Devildog]

https://cen.acs.org/business/finance/Dow-rolls-layoffs-profits-slump/101/i4

I work for the Fed and also the military…raises come once a year and didn’t match inflation.

You gave an example of a Walmart worker making a dollar more an hour? Is that supposed to be some sort of incredible achievement? That dollar or two an hour doesn’t come close to matching the increases associated with daily living. That wouldn’t even tough the property tax increases I’ve seen, much less food, gas, energy, insurance rates, health care rates, etc, etc.

[D-Rog]

I’m not ready! Still trying to buy comics cheap!

[monopolyjackson]

Next thing you’re gonna talk about the California bill mandate that fast food workers make $22/hour…

[D-Rog]

Technically $12 to $14 is a 16% raise.

But $18 to $19 is just 5%.

Inflation was 6.5% last year?

Here's the inflation breakdown for December 2022 — in one chart

[Venomismypassion]

@Devildog

Dow rolls out layoffs as profits slump

I work for the Fed and also the military…raises come once a year and didn’t match inflation.

You gave an example of a Walmart worker making a dollar more an hour? Is that supposed to be some sort of incredible achievement? That dollar or two an hour doesn’t come close to matching the increases associated with daily living. That wouldn’t even tough the property tax increases I’ve seen, much less food, gas, energy, insurance rates, health care rates, etc, etc.

$2 an hour. Which is a 17% increase.

Job openings jumped unexpectedly to 11 million in December - WICZ

Demand for labor is rising, not falling. Wages will rise right along with it.

[Venomismypassion]

@monopolyjackson

Next thing you’re gonna talk about the California bill mandate that fast food workers make $22/hour…

I think that’s terrible policy actually. Let the market work and it will resolve itself.