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Don't take financial advice from me. Except you should have bought TBT back in Jan or feb
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Jun 15, 2022 19:05
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Oscar Wild posted:It will be .5 today and maybe a signal to .75 in future. (USER WAS PUT ON PROBATION FOR THIS POST)
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Jun 15, 2022 19:07
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Drop me like a rock baby Hit like a sack of bricks
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Jun 15, 2022 19:10
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https://www.youtube.com/watch?v=atuFSv2bLa8
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Jun 15, 2022 19:15
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RIP my zestimate
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Jun 15, 2022 19:18
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Probably best you didn't pay the original asking price
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Jun 15, 2022 19:18
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Does the Dow Jones usually rebound right after a higher fed hike announcement? The last time they raised it this much I was in gestation vvv(I always looked at the dow first for stock health growing up) Grouchio fucked around with this message at 19:33 on Jun 15, 2022 |
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Jun 15, 2022 19:28
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Who trades DOW?
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Jun 15, 2022 19:32
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Hadlock posted:Probably best you didn't pay the original asking price You're saying it's better that I paid over asking, right?? Grouchio posted:Does the Dow Jones usually rebound right after a higher fed hike announcement? Yeah I interpret it as old fashioned these days, I'm a SPY guy and by extension, SPXL, SPXS, /ES. Inner Light fucked around with this message at 19:38 on Jun 15, 2022 |
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Jun 15, 2022 19:34
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https://twitter.com/hackcelerity/status/1537146574517714944
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Jun 15, 2022 20:21
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Nope. Sitting on my hands, not buying this fakeass dead cat
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Jun 15, 2022 20:22
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Grouchio posted:Does the Dow Jones usually rebound right after a higher fed hike announcement? Its probably going to implode tomorrow. It dead cat bounced like this last time too. Then again who knows! Maybe markets like rate hikes now!
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Jun 15, 2022 22:05
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it just means our economy is just so unbelievably strong, it just can't be restrained, that's good news right
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Jun 15, 2022 23:51
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Grouchio posted:Does Number go up
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Jun 16, 2022 00:29
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FistEnergy posted:Nope. Sitting on my hands, not buying this fakeass dead cat  my best purchase of the year is going to end up being like a 3% tbill tho, so dont listen to me i am also still buying intc
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Jun 16, 2022 02:42
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DapperDraculaDeer posted:Its probably going to implode tomorrow. It dead cat bounced like this last time too. drat you and your accurate prediction.
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Jun 16, 2022 12:58
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Can I interest you in some market crash
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Jun 16, 2022 15:26
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John F Bennett posted:Can I interest you in some market crash thank god for SQQQ
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Jun 16, 2022 15:39
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Lol I close on a house in 6 days
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Jun 16, 2022 16:28
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Hadlock posted:
Big Jesus takes the lead Next stop 349 
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Jun 16, 2022 16:50
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DapperDraculaDeer posted:Its probably going to implode tomorrow. It dead cat bounced like this last time too. Excellent prediction!
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Jun 16, 2022 17:12
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While tech and the bigger names are more recent, the broader market has been making GBS threads the bed for almost 8 months now. This is definitely getting old. I suppose measuring strictly from peak to trough 2001 could be said to have taken 2+ years... but a good deal of that time was horizontal. But on the other hand, we aren't even in the drat recession yet! Well maybe we are, given all this hysteria.....
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Jun 16, 2022 18:44
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The economy stubbornly refusing to contract is why we're in an inflationary market in the first place. We've got nearly full employment and it's really hard to have a recession while everyone's working and spending like crazy. We really need a new word to describe a transitory economic situation that is hosed up for everyone, but is not, technically, shrinking. People colloquially use "recession" but they're technically wrong.
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Jun 16, 2022 18:50
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Leperflesh posted:The economy stubbornly refusing to contract is why we're in an inflationary market in the first place. We've got nearly full employment and it's really hard to have a recession while everyone's working and spending like crazy.
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Jun 16, 2022 19:12
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wtf
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Jun 16, 2022 19:16
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Grouchio posted:And this isn't stagflation either. Perhaps this is an economic melt-up? I think the technical economic term is "end of days".
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Jun 16, 2022 19:27
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This has been bouncing around in the back of my head, trying to put this into words A billionaire can only eat so much steak, use so much electricity, oil etc, like 100x the average person. The billionaire to everyone else ratio is way higher than 1:100. Most of their wealth is tied up in a handful of assets and investments, and stock If you transfer that wealth from billionaires to average people, they're not all collectively going to buy a 9% stake in twitter or Berkshire Hathaway, they're going to buy steak, a new car, go on vacation, new designer purse etc etc Pushing interest rates up helps to murder jobs which keeps the Poor poor and stop buying so much stuff and reduces inflation (in theory) If we redistributed billionaire wealth ( I think the emoji is  in c-spam) wouldn't we immediately need to send interest rates up 10%+ to prevent supply side inflation from driving prices to the moon. If everyone can suddenly afford a 4000sq ft house with six bedrooms, the price is going to skyrocketTL;DR if the poor were no longer poor, prices would skyrocket because there's not enough carry capacity on the planet to provide that kind of lifestyle for everyone
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Jun 16, 2022 19:48
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Leperflesh posted:The economy stubbornly refusing to contract is why we're in an inflationary market in the first place. We've got nearly full employment and it's really hard to have a recession while everyone's working and spending like crazy. The supply chain needs to un-gently caress itself (real economic terms) to bring down prices for goods. There also needs to be more diverse competition for dollars to bring inflation down at full employment. I don't know how that gets done. It really shows how bad the fed managed the 8ish years of full employment when they could have raised interest rates pre covid.
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Jun 16, 2022 19:48
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Hadlock posted:This has been bouncing around in the back of my head, trying to put this into words Yea basically, capitalism needs a group to endlessly suffer for the machinery to work properly.
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Jun 16, 2022 20:19
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Hadlock posted:TL;DR if the poor were no longer poor, prices would skyrocket because there's not enough carry capacity on the planet to provide that kind of lifestyle for everyone There's no prospect of instantaneously redistributing wealth. No individual government can really do it, it'd be a global effort that would take years of wrangling just to decide to do, and most of the billionaires would resort to extreme measures to avoid having their wealth confiscated. That wealth mostly isn't just cash money, either; would you redistribute jeff bezos' shares of amazon, or sell them off to convert them to cash? If you do the latter, the stock price tanks when you're only 2% into your sell and now the wealth is actually destroyed (it was never fully real lol). How do you decide who gets how much? That'll take time too. Surely you're not going to do a single lump sum distribution. A lot of people all over the world don't even have bank accounts. Who does the distributing, and how do you keep them from stealing what they're supposed to be distributing? And yeah you bet your rear end if everyone suddenly had a hundred thousand dollars and tried to spend it to meet their immediate needs, the inflation spike would destroy the value of all that money immediately. Basically, the hypothetical you've proposed is both impossible and theoretically disastrous for the reasons you've already recognized, so we can't and wouldn't ever do that. An actual move towards less wealth disparity that involves redistribution would take place gradually over time, would not be even across all people in the world, and would therefore give economies time to adjust. And, you're right that the world absolutely cannot support American standard levels of consumption if everyone did it. (It can't support the current levels of consumption, and most people in the world aren't able to consume like us, at least not yet.) A high-quality sustainable equitable lifestyle would have to involve much more money spent on services than on goods, and those services would have to be provided in a sustainable way.
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Jun 16, 2022 20:28
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Hadlock posted:This has been bouncing around in the back of my head, trying to put this into words Yeah, the term in econ is Marginal Propensity to Consume. And true, MPCpoor > MPCrich quote:TL;DR if the poor were no longer poor, prices would skyrocket because there's not enough carry capacity on the planet to provide that kind of lifestyle for everyone Be careful because this line of thinking takes you to some pretty dark places. The good news is that so far throughout history your TLDR statement hasn't really been true. And if, today, it means that some guy in West Texas is paying more to drive his F-250 on his 100 mile daily commute because he's now competing for gasoline with an Indian who can afford a moped for the first time in his life, fine. Anyway, to go on topic... today's the first day all year I actually felt like just hitting this cool button that IBKR gives you:  So I'm curious how close to capitulation others are.
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Jun 16, 2022 20:32
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If you would have put all your money in $Goon this morning you might be breaking even on GOON$.
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Jun 16, 2022 20:49
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Elephanthead posted:If you would have put all your money in $Goon this morning you might be breaking even on GOON$. i got mine at 23 cents! i'm up!
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Jun 16, 2022 21:36
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Leperflesh posted:There's no prospect of instantaneously redistributing wealth. No individual government can really do it, it'd be a global effort that would take years of wrangling just to decide to do, and most of the billionaires would resort to extreme measures to avoid having their wealth confiscated. Buy out and socialize/subsidize housing (sweeping Air BnB off the face of the earth, for starters). The poors wouldn't change their fortunes overnight but could save a little bit more and not have stress pains over constantly ballooning rent. The rent is too drat high. Lower the rent.
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Jun 16, 2022 21:53
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Space Fish posted:Buy out and socialize/subsidize housing (sweeping Air BnB off the face of the earth, for starters). The poors wouldn't change their fortunes overnight but could save a little bit more and not have stress pains over constantly ballooning rent. Well yeah there's a thousand ways "we" - society, the government, whatever - could drastically improve the lives of poor people, at relatively minor cost to the rich. Many of them are quite feasible, and I would expect most of them wouldn't become drivers of runaway inflation even!
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Jun 16, 2022 22:06
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We all said "well this is loving crazy and totally unsustainable" in June 2020, what's amazing is that it took so long.
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Jun 16, 2022 22:16
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Ola posted:We all said "well this is loving crazy and totally unsustainable" in June 2020, what's amazing is that it took so long. In retrospect you could've made some good moves back in Feb with available info - as long as WTI was at 100+ and everything was getting more expensive, JPOW and co said they'd be raising rates. SQQQ has been a money printing machine all year, along with crpyto inverse products.
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Jun 16, 2022 23:24
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https://twitter.com/JosephPolitano/status/1537545843452137472
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Jun 16, 2022 23:47
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dall-e prompt: "joker laughing at the stock market while it burns" 
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Jun 17, 2022 00:16
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Is JORK otc? Wanna get in on the ground floor.
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Jun 17, 2022 00:31
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