HootinNHollerinMar 17

Don't forget the other religion in the Holy War: DOWism

https://lemmy.dbzer0.com/post/65496771

Show threadLurking Hobbyist🕸️
And I still have no clue what DOW is or what it is supposes to do.
Mar 17 at 7:26amWeb
Show threadwhyNotSquirrelMar 17
is supposed to go up
Show threadr00tyMar 17
Basically if number goes up, then that doesn't really effect your company's finances and they cannot afford a pay rise. If number goes down, they're sorry but they need to lay you off.
Show threadbstixMar 17

It’s a stock market index, which roughly shows if the market is going up or down.

In reality it’s more like a casino roulette where everyone is betting based on previous wins.

Show threadCanadaPlusMar 22
Except you definitely win over the long term instead of definitely losing, because Meta is a real company that gets real money off of it’s customers.
Show threadCanadaPlusMar 22
Basically, it’s based on the value of a bunch of big, publicly traded companies. The whole “when the markets go up it means more economy” thing is an oversimplification, but it kinda works in that when things break profits go down, and so does the value of shares in ownership of them.