The Stock Market

I don't get things like crazy dip after Fed announcement on interest rates, followed by crazy rise a couple hours later. This seems unmoored from any sense.

What Would Captain Lorax Do?

Terrible start, rebounding for the last couple of hours--obviously excitement over Jeb Hensarling's inclusion in the Super Congress.

I don't get things like crazy dip after Fed announcement on interest rates, followed by crazy rise a couple hours later. This seems unmoored from any sense.

Came across this in a piece about Groupon's IPO filing (why I was reading it, I haven't a clue): "Groupon's initial IPO filing highlighted a nonstandard metric called 'adjusted consolidated segment operating income.'" Really, does that sound like a world unmoored from reality?

wow, down 540

guys we just have to ride it out till St Leger's Day

last crash had the same dynamic w/ up down, down day, up day, down day for an extended period of time. I remember the pattern was oddly regular.

its just goldman sachs et al fucking with the market volatility to make $$$$ before it plummets to the ground and goes 'splat'

i was such a putz not to have gone into banking

otm

"pump and dump" sounds really disgusting when you think about it.

so..... lorax....

So are IPOs basically the new way of saying "My company is about to turn to shit and I'm cashing out while I can"? -- they can't keep this shit up much longer.

Who said, "no one ever went broke by underestimating the intelligence of the public"?

Has anybody here ever been in a company that went thru the whole IPO-show? I'm curious about the stock hijinx that happen internally leading up to the big day

IPOs these days basically consist of the underwriter/issuer of the IPO overvaluing the shit out of the company, using the window before the stock is available to the general public to enrich themselves and their friends, then when the public gets their hands on it its at peak value and will plummet shortly thereafter..

then again the public could do better than investing in shit companies like zynga, groupon, etc.

Someone mentioned to me that Trulia was about to IPO -- a relatively small one I think, like <$100 million. My first thought was basically "well, I guess that site has run its course."

Groupon was a flat out joke. Zynga I don't really know enough about. Facebook -- there's actual value there, it's just way, way less than the IPO price, and unfortunately the IPO disaster is probably hurting the brand/goodwill and may even be discouraging advertisers, which could create a feedback loop. I guess we'll see if Zuckerberg can pull out of it.

zynga basically is attached to facebook's hip and their business model involves ripping off other people's games to turn them into freemium click fest pieces of crap.

really wish I had the balls to short them..

puts on zynga look pretty cheap, although I know next to nothing about options investing

linkedin is pretty legit

hard out there

Federal Reserve putting marginally less champagne on the table == desperate times on Wall Street.

suck it up bnw

HI DERE

Time to mortgage house, cars, even family members and put it all in AAPL. P/E ratio is 12.23 for the world's most successful company!

Done.

http://oi61.tinypic.com/2yor9mh.jpg

Shit! Two of my family members escaped so now I have to pay the money back.

AAPL: people forget this stock crashed 40% at 2013

iPad market is shrinking, Watch may be a disappointment so far, and Chinese slowdown is dampening market share growth expectations in China, plus I have a feeling the iPhone 6 launch captured a bigger than normal amount of pent-up phone demand and now the 6s launch will be weak because everyone anywhere close to needing a new phone bought the 6/6+ already. Still doesn't seem like a crazy buy right now, but I'm jittery about the market in general and staying away.

George Chen ‏@george_chen 22 minutes ago

BREAKING: Shanghai benchmark index lost over 7% with over 600 stocks down 10%, losing all key support levels and no one dares to step in now

https://twitter.com/george_chen

Now down 8.5% as I posted that...

whoa fuck

The crazy thing is that it's still only down to about their level six months ago and still 44% above where they were a year ago. Probably gonna fall further is my guess.

here we go

Saudi Arabia, Dubai and Abu Dhabi were all down 7-8% yesterday and the Chinese exchanges were expected to get hammered today. Oil is now at its lowest level since the 2008 financial crisis, i believe. Australia's exchange had AU$60bn wiped off it.

I was expecting the MICEX index to drop at least 5% today but it has only gone down about 2% - the FTSE has been hit worse already.

I sold all my shares three weeks ago - they would have fallen 9% if i hadn't.

http://i.imgur.com/sSetybU.png

Not quite sure how the Shanghai Composite went from 3100 in February to 5200 in June but it's worth noting that the losses today have only taken it back to its level five months ago.

Glencore and Anglo-American mining companies both closing in on 60% declines over 12 months:

http://i.imgur.com/aZ8pRSc.png

May mean people stop stealing railway lines and telephone cables for scrap, though.

IT IS HAPPENING AGAIN

now's the time to buy
assuming you have any money left

http://cdn.history.com/sites/2/2013/11/stock-market-crash-of-1929-newspaper-AB.jpeg

Good luck bnw

Buying in a falling market is great because at least you can always say buying today was a better decision than buying yesterday.

my brother called me last week with a stock tip and it's up 15% today

Is it some kind of ultrashort etf?

Market taking bnw advice

lol true. But I wouldn't be surprised to see another big dump before close.

https://pbs.twimg.com/media/CNLXnSkWgAAZQMK.png

Dan Davies
‏@dsquareddigest
what is happening today is called "a liquidation". Chinese policy has caused a large scale sale of securities portfolios for cash. So ...
5:29 AM - 24 Aug 2015

Dan Davies ‏@dsquareddigest 3h3 hours ago
... you don't buy anything until you know that the liquidation is close to having been completed. In fact you might even sell to raise cash
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Dan Davies ‏@dsquareddigest 3h3 hours ago
There is nearly always some sort of public piece of news that will tell you that the liquidation is ending. So watch headlines, not prices
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Dan Davies ‏@dsquareddigest 3h3 hours ago
Alternatively, you can just sit tight and come back in a month or so when the prices will have stabilised anyway
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Dan Davies ‏@dsquareddigest 3h3 hours ago
China is a massive creditor that is liquidating, not a debtor that is defaulting. I don't think this can turn into a crisis like 08
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Dan Davies ‏@dsquareddigest 3h3 hours ago
There's nothing to change your beliefs about the intrinsic value of financial claims - they just need to find new owners.
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Dan Davies ‏@dsquareddigest 3h3 hours ago
These are the conditions in which smart people with good risk management make a killing. A genuine crisis is when smart people get blown up.
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