Rolling US Economy Into The Shitbin Thread

surely this is exactly why pension funds etc automatically move to cash/bonds for the last couple of years. if you have a decade or three to go just sit tight. it’s a long game!

If you have a retirement account through your employer, there are advisors you should be able to access for free who know what they’re talking about

i'm in the same account as millions of other feds. the advisors have been replaced with maga trolls who make fart noises with their hands cupped to their armpits whenever you try to call them

anyway, it doesn't matter. the deadline to change allocations for monday was about 30 minutes ago, so i'm all in for monday

endless growth, exponential, for 30 years, that's what we're all counting on

shit! that sucks, man, sorry. I guess they’re all getting hosed now anyway

yeah, it's ok. it's just a bunch of money i diligently stored away in my 20s and early 30s, rather than saving up to buy a house or pay off my student loans

this way, when i'm old enough to retire i can finally use that money to pay off my student loans and buy a tent in some rich guy's garden

i hope this doesn't harsh mr. trump's south carolina rally tonight

And to think people laughed when I told them I planned to drop dead of a stress-induced heart attack well before I hit retirement age. Who's laughinnnngGKKKKHHHH

I'm kind of glad Blue Apron did so poorly. I really never understood who used that for extended periods of time. It seemed expensive for what it was.

― Yerac, Friday, 28 February 2020 17:03 (one hour ago) link

I've literally met two people ever who used Blue Apron -- my neighbors who are sort of adventurous empty nester types, and this one really sad single male lawyer in his late 30s.

i hope this doesn't harsh mr. trump's south carolina rally tonight

nah. he'll just call stock traders a bunch of stupid scaredy-cats who can't see how beautifully the economy is doing, really beautifully. but it's probably because the lying liberal media has been filling up their heads with scary lies about the Chi-nuh virus, and the crowd will lap it up, and howl with delight.

I don’t think he’ll call stock traders stupid

because he'll exercise self-restraint?

All this needs is the Price is Right mountain climber and a little yodel music. pic.twitter.com/r6RCBj8I5H

— Kevin M. Kruse (@KevinMKruse) February 28, 2020

closing below 25,000 for the first time since spring 2019? oh my! monday may be something

nah it rebounded a few hundred before close

gonna be an interesting Monday

injecting money into a plunging market in the final minutes before the close is an old tactic to bolster confidence going into the weekend. makes me wonder who arranged it and whose money was injected.

might have something to do with the announcement that the Trump admin is gonna combat coronavirus with tax cuts

no joke

https://www.washingtonpost.com/business/2020/02/28/trump-coronavirus-tax-cuts/

That was literally an article on a Danish satirical site.

further proof that satire is dead

maga

btw Trump is currently blaming the crash on Bernie Sanders, I think

I blame ilx hysteria and the trade bots that sample it.

wait till he hears about ilx eschatology

we're like the cryptocurrency advocates to the capitalist ilx norm market

https://i.redd.it/7slyqtc3nge01.png

the fibers feel empty inside (because they're air core)

buy! buy! buy!

brilliant buyer

super seller

up 1300 points today, lmao

sounds volatile

Pricing in 0.75 Fed target rate.

Goldman is now expecting a 50-basis-point cut this month, followed by two more rate cuts "in April and June, for a total of 100bp."

preparing some loan refinancing figures for the boardroom in my own head

Look out above!

trust in trump ; )

sell! sell! sell!

The run on grocery stores due to Coronavirus is exactly the shot in the arm for US farms our president had been aiming for. America is getting greater and greater!

fed rate cut and the dow continues to flounder.

I feel like that was priced into yesterday's rally, no clue what's going on today

good guess might be a larger cut was priced in. but if you push a notification 'stocks slump because a larger rate cut was priced in' to all yahoo finance app having phones, I guarantee the market will instantly turn around.

No pain no gain!

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"