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Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Tubgoat posted:

My coworker who knows even less about finance and such than myself is looking at investing. She asked me what to invest in and I said "Tools; the loving stock market is a scam, crypto even more so. Tools don't get consumed and they can't be lost when the market crashes." My friend/a mutual coworker tried to explain to her that money is fake and all this poo poo is unwinding but I think she thinks she'll get lucky. Maybe she will, but I doubt it. This poo poo is so bleak.

counterpoint, waht if feds never stop pumping trillions of dollars into the stock market

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Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry
this chart isnt that useful but lmao

RealityWarCriminal
Aug 10, 2016

:o:

Xaris posted:

counterpoint, waht if feds never stop pumping trillions of dollars into the stock market

lmfao

Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry


hmm wonder whats going to happen

TACD
Oct 27, 2000

Centrist Committee posted:

someone make a cryptocoin with a PoW algorithm based on light admission and absorption so phones and TVs become prohibitively expensive and then we'll really see some social collapse
cryptocoin based on amount of data transferred so the entire internet ddoses itself to death and takes all the other cryptos with it

Shipon
Nov 7, 2005

Xaris posted:



hmm wonder whats going to happen

people are gonna draw more lines and pretend they say anything?

Shipon
Nov 7, 2005

Xaris posted:

counterpoint, waht if feds never stop pumping trillions of dollars into the stock market

lmao the prices of everything the rich don't buy will basically stay stable since no one outside the top 1% will see any of that money, but the price of real estate will skyrocket so you'll still had a $10 big mac meal but your small apartment will be $5000/mo

Xaris
Jul 25, 2006

Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Shipon posted:

people are gonna draw more lines and pretend they say anything?
lines are cool though. gently caress non-euclideanists

here's some cool lines that i missed last week


lol just going to keep pumping forever n ever and ever

Tubgoat
Jun 30, 2013

by sebmojo

Shipon posted:

lmao the prices of everything the rich don't buy will basically stay stable since no one outside the top 1% will see any of that money, but the price of real estate will skyrocket so you'll still had a $10 big mac meal but your small apartment will be $5000/mo
This is looking likely imho and is what will happen until I put money in.

PawParole
Nov 16, 2019

Let’s try it again.

PawParole
Nov 16, 2019

number

strange feelings re Daisy
Aug 2, 2000

Tracy getting uncharacteristically dark with this post
https://twitter.com/tracyalloway/status/1392687168896655364?s=20

Bot 02
Apr 2, 2010

Dude... Did my plushie just talk?
[Doomsday Economics] Your plans are meaningless and your hopes will be crushed

TACD
Oct 27, 2000

the hairy econopede

a_gelatinous_cube
Feb 13, 2005

Does anyone have the Ork Blood .gif? We might have to bust that bad boy out at some point at this rate.

super sweet best pal
Nov 18, 2009

There will be blood

Vox Nihili
May 28, 2008

Xaris posted:

counterpoint, waht if feds never stop pumping trillions of dollars into the stock market

We do not speak of such things here in the Hall of Number

Mola Yam
Jun 18, 2004

Kali Ma Shakti de!

Xaris posted:



hmm wonder whats going to happen

"technical analysis" (lol) is arguably maybe a little useful for things that can be directly traded, because if enough people believe in triple-tops or descending triangles or whatever, they can manifest them. but it's just complete horseshit for derivatives like vix. like astrology-level numbermancy.

Mr Hootington
Jul 24, 2008

https://twitter.com/LiveSquawk/status/1392774927900622851?s=19

quote:

Some of the largest U.S. banks plan to start sharing data on customers’ deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.
JPMorgan Chase JPM -0.69% & Co., Wells Fargo WFC -0.17% & Co., U.S. Bancorp USB -0.98% and others will factor in information from applicants’ checking or savings accounts at other financial institutions to increase their chances of being approved for credit cards, according to people familiar with the matter. The pilot program is expected to launch this year.

It is aimed at individuals who don’t have credit scores but who are financially responsible. The banks would consider applicants’ account balances over time and their overdraft histories, the people said.


More inside the story.

Good morning.

VIX technical charts are useless.

Shipon
Nov 7, 2005

Mola Yam posted:

"technical analysis" (lol) is arguably maybe a little useful for things that can be directly traded, because if enough people believe in triple-tops or descending triangles or whatever, they can manifest them. but it's just complete horseshit for derivatives like vix. like astrology-level numbermancy.

if technical analysis had any actual predictive power the quants would have long gotten to it and eliminated any advantage in that front

PawParole
Nov 16, 2019

Vix is so hosed up today!!!

Only registered members can see post attachments!

Mr Hootington
Jul 24, 2008

PawParole posted:

Vix is so hosed up today!!!



BACKWARDATION BACKWARDATION BACKWARDATION

super sweet best pal
Nov 18, 2009

Mr Hootington posted:

https://twitter.com/LiveSquawk/status/1392774927900622851?s=19

More inside the story.

Good morning.

VIX technical charts are useless.

Subprime credit cards!

PawParole
Nov 16, 2019

Mr Hootington posted:

BACKWARDATION BACKWARDATION BACKWARDATION

Lets see if Oxnard called it right. It's way out of contango lmao

redleader
Aug 18, 2005

Engage according to operational parameters

Bot 02 posted:

[Doomsday Economics] Your plans are meaningless and your hopes will be crushed

redleader
Aug 18, 2005

Engage according to operational parameters

super sweet best pal posted:

There will be blood

but what if there isn't


(there won't be)

worst ever at ping-pong
Jun 11, 2010


But is it under a witching moon

Dixon Chisholm
Jan 2, 2020

Gazpacho posted:

why is it such a big deal, there's still a ferry across the river isn't there?

Lol

Lmao

Honest Thief
Jan 11, 2009
https://twitter.com/NorthmanTrader/status/1392786828072308739?s=19

lol i must have been under a rock, when did sven become a crypto laser eye guy

Nothus
Feb 22, 2001

Buglord

Mr Hootington posted:

https://twitter.com/LiveSquawk/status/1392774927900622851?s=19

More inside the story.

Good morning.

VIX technical charts are useless.

They've found the next scapegoat conservatives will bitch about when the economy dumps again.

super sweet best pal
Nov 18, 2009

There's only one laser eye guy whose opinion I respect

https://www.youtube.com/watch?v=AJWSu9M4ffQ

Mr Hootington
Jul 24, 2008

Honest Thief posted:

https://twitter.com/NorthmanTrader/status/1392786828072308739?s=19

lol i must have been under a rock, when did sven become a crypto laser eye guy

The crypto laser eye and his technical charts of botcoin are a bit. He posts them and a few hours later does a, "What! I'm helping!" or a "The crypto people are angry with me again! 😚"

It is a good bit.

At least I think it is a bit. It is hard to tell with how dumb all the finance people are.

strange feelings re Daisy
Aug 2, 2000

Honest Thief posted:

lol i must have been under a rock, when did sven become a crypto laser eye guy
The profile pic is a parody of usual laser eyes. Zoom in and you can see it's a bear with an axe breaking through the door. The subtext is that the markets are horrendously inflated and he expects a crash and bear market.

Cold on a Cob
Feb 6, 2006

i've seen so much, i'm going blind
and i'm brain dead virtually

College Slice
lol:
https://twitter.com/NorthmanTrader/status/1392807597984653312?s=20

also lol:

Bot 02 posted:

[Doomsday Economics] Your plans are meaningless and your hopes will be crushed

Ardennes
May 12, 2002

Xaris posted:

counterpoint, waht if feds never stop pumping trillions of dollars into the stock market

What is the least path of resistance?

Rated PG-34
Jul 1, 2004




Tubgoat posted:

My coworker who knows even less about finance and such than myself is looking at investing. She asked me what to invest in and I said "Tools; the loving stock market is a scam, crypto even more so. Tools don't get consumed and they can't be lost when the market crashes." My friend/a mutual coworker tried to explain to her that money is fake and all this poo poo is unwinding but I think she thinks she'll get lucky. Maybe she will, but I doubt it. This poo poo is so bleak.

money isn’t fake

euphronius
Feb 18, 2009

Rated PG-34 posted:

money isn’t fake

a lot of beliefs about money are wrong

it obviously exists

NeonPunk
Dec 21, 2020

I'm not too sure about that. Let me check my bank account...

Nah, it doesn't exist.

skewetoo
Mar 30, 2003


:haibrower:

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Mr Hootington
Jul 24, 2008

Somebody is dumping money into the poo poo tech.

McDonald's has great wages!!!!
https://twitter.com/DeItaone/status/1392813193999884290?s=19

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