u/Successful-Web6033

▲ 273 r/stocks

RCA and the Great Crash

I am NOT predicting imminent collapse, but history is worth knowing. In 1921 Radio Corp of America (RCA) was $2.50 per share. By 1929, it was $568. People got very rich. Radio was the greatest technology ever, and changing the world.

In ‘29 when the crash happened it dropped to $15. By 1932, it was $2.63. It seems impossible to ignore the possible parallels with current technology boom and bubble. AI and SpaceX may change the world, but… Thoughts?

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u/Successful-Web6033 — 2 days ago

City Council Race; I honestly don’t understand it.

I have only lived in Henderson for 2.5 years, so I am ignorant of the political background. But this Councilperson race, specifically involving Cox and Dawson Owens has me baffled. Obviously, very large sums of money are being spent on advertising. Where does all that money come from? And the negative vitriolic attacks? For City Council? I guess our entire political system is like this now... But, it is disturbing, and I just don‘t understand it. Is this position really worth it somehow? Is there some rich economic prize that I am unaware of? The whole thing just puts me off.

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u/Successful-Web6033 — 30 days ago