• el_muerte@lemm.ee
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    2 months ago

    the dreaded “death cross,” a historical indicator of a likely downturn for the company

    […] occurs when a company’s 50-day moving average crosses and drops below the 200-day average.

    Fuck Tesla and all that, but holy shit is that standard ever a depressing indicator of to just how reliant late stage capitalism is on endless growth that a tiny dip after half a year of stagnation is a reliable indicator of a company’s imminent failure.

        • ILikeBoobies@lemmy.ca
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          2 months ago

          Investors want to make money, if it looks like they can’t then they are going to find a different company

          That’s why Capitalism was so against people with wealth and so pro skilled labour