Rolling US Economy Into The Shitbin Thread

wonder if it's gonna bounce back cuz Biden looks to be the nominee

I would expect so, tbh.

And then it will go down again, and up, and down, and so on.

on Monday I bought shares of Zoom Video Conferencing because of coronavirus and it went up like 17 points yesterday ....

it’s a pretty good product tbh

one of my main clients has a monthly subscription, and the article in the silicon valley techno utopianism thread about the stupid interior decorating startup featured major staff layoffs via video conference, and that also inspired my purchase of said stock

fwiw I have my IRAs at Schwab, and I generally just buy stuff that they have rated "A" and pay dividends ... the thing with managed funds, like silby was talking about, is to decide whether the management fees they charge are "worth it"

I love that your troll instincts are actually reflected in investment strategies

ugh i still need to switch an account over to schwab. I really want that no international fee atm card.

honestly, most of my stock picks are based on companies that annoy me (and/or my friends & clients) but I/we still pay for their services. I bought Adobe when they forced everyone into the monthly subscription model

I was/am tempted to buy stock in PG&E after the most recent fires and the threats of state takeover, because I feel like it is almost impossible to underestimate the power of corporate greed and corruption.

if only there were a transducer for converting the power of corporate greed and corruption into alternating current

They’d just use it to mine crypto

For those of you who check into my page for stock market information, it is currently down.

— John Lurie (@lurie_john) March 5, 2020

Fed not pleased with response to the 50bp cut. So the spigots are opening:

FED PERFORMS 14 DAY OPERATION: $20B, $52.55B OVERSUBSCRIBED!!!!!

Boom.

— Brad Huston (@BradHuston) March 5, 2020

Wow, Sequoia all but telling portfolio companies to start laying people off https://t.co/sgVWi9IPWX "Headcount. Given all of the above stress points on your finances, this might be a time to evaluate critically whether you can do more with less and raise productivity."

— Jon Evans (@rezendi) March 5, 2020

an acquantaince of mine who works in the travel industry just posted that 6 people at his company were laid off this morning

United (at least) announced it was cutting flights.

xxp every advisory group has, forever, said “lay people off” when it comes to savings as a first resort. partially because it’s the most easily quantifiable year-over-year cost and they stuck parma-contractors ina different column

went looking for cheap flights to italy today but everything was still like a thousand bucks

The pessimistic story on corporate debt and leveraged loans has always been that some exogenous event starts a cascade of defaults, which then turns a mild shock into a widespread credit freeze-up and recession.

So, um, about that.https://t.co/4UgkZFI9xc

— Neil Irwin (@Neil_Irwin) March 6, 2020

i know the market is making people anxious but this was a long, long time coming (if indeed we don't just regain everything next week on absolutely nothing changing). I am super patient but I was totally over this stupid market gaining consistently on Trump's farts.

might as well mention that my employer hastily executed a purchase of a Zoom site license, for which something like 100,000 people will be eligible users, to replace the prior arrangement recharging $48/user/year for the full-featured accounts so honestly Zoom is gonna have a good quarter.

my other investment tip based on what just occurred to me: corporate VPN software providers

looks like Cisco's sadly the most popular publicly traded one

don't neglect F5

sadly you can't buy stock in Wireguard

yeah i have been cleaning up my watchlist for the first time in awhile this week. have added some new things, like zoom. I'm curious about next week.

huh, they didn't show up on Gartner's (lol) list. Apparently Pulse got bought from Juniper and is private now, and Citrix is probably a thing as well but I have irrational skepticism of them

browsing investor-focused sites that talk about tech company valuations once again leads me to believe that finance types have absolutely no idea what companies do or how they do it

auto-FP for mentioning Gartner's

let's make an ilxor magic quadrant

I should have appended a groan instead of a lol

they're only good as a metric to figure out what braindead leadership is buying because braindead leadership pays them to know what to say

don't invest in companies selling discretionary technology purchases to businesses is my take. source: my dang bank account.

sock execution vs completeness of sock vision

yeah, i don't read any investor sites anymore. I barely trusted places that I knew had regimented standards of evaluating. I can't be bothered anymore to try to figure out who people are.

I've heard of more than one clueless CTO that just parrots whatever the hell that cursed company says in newsletters to executives

haha imagine what would have happened wework stock if they'd have gone through with the IPO.

it's all we have left

I am excited to share the progress of the Tennis Pavillion at @WhiteHouse. Thank you to the talented team for their hard work and dedication. pic.twitter.com/Wzown2ho26

— Melania Trump (@FLOTUS) March 5, 2020

I'll be glad to see trees planted here in 2021.

is this good? https://www.investing.com/indices/us-spx-500-futures-streaming-chart

it is good for my biceps as I hold these heavy bags

see if the asian markets plunge on open? Or not if you just want to get a good night's sleep.

I'm happy oil is finally tanking.

Looks like tomorrow is going to be rough.

Did Airbnb announce their ipo plans yet? They have to be worried.

Still $800 or so to go to max my Roth contributions for 2019, sounds like this might be a good week for it

I'm taking steps toward getting my parents' house on the market (my dad passed away in January; my mom will need to move into assisted living very soon if in-home care isn't enough). Lots of variables are suddenly at play. They're in a town that's full of elderly/retired folks (many at risk). Interest rates are practically nil. Maybe folks in their 60s/70s will want to get out of the market and buy a house. Other folks probably just missed their chance.

xpost. I didn't know airbnb was trying to ipo. I don't really pay attention to ipos because they have all been terrible for awhile. I was just looking up homeaway/vrbo stock and had no clue expedia bought them years ago.

VRBO's branding now is "Vrbo" to make it look more startuppy, which cracks me up

I just had to look up what vrbo and asos stands for because i realized I did not know.

ASOS originally stood for AsSeenOnScreen[3] with the tagline "Buy what you see on film and TV"[4] because it exclusively sold imitations of clothing from those mediums (for example, Brad Pitt's red leather jacket from the 1999 movie Fight Club).

wow what an irritating concept