Rolling US Economy Into The Shitbin Thread

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"

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