howβs that free market working out
― Li'l Brexit (Tracer Hand), Monday, 9 March 2020 13:55 (four years ago) link
It's free falling, I'll give it that.
― Josh in Chicago, Monday, 9 March 2020 13:56 (four years ago) link
Thanks for your thoughts/takes yesterday (dad passed away, mom needs assisted living, likely selling their house). Open houses nearby were busy yesterday and theyβre in a non-touristy small-ish town 90 minutes north of the Bay, affordable compared to towns south of here, so Iβm curious to see how the market + virus + etc. affect things in the next few months.
― ... (Eazy), Monday, 9 March 2020 14:01 (four years ago) link
OXY down 43% today.
― whistling (brownie), Monday, 9 March 2020 14:11 (four years ago) link
I guess one problem with tech-dominated housing markets (not sure if your place is one of these) is the stock market directly impacts the income of the people buying, since they get paid in stock. So even if rates are low, they may be taking a 40% pay cut this month too (very bad news for the state of California btw, which has insanely low property taxes and depends on income tax).
― π ππ’π¨ (caek), Monday, 9 March 2020 14:55 (four years ago) link
refreshing the Dow Jones page on Business Insider is kinda fun tbh. line go boom!
― bold caucasian eroticism (Simon H.), Monday, 9 March 2020 18:24 (four years ago) link
the only time I ever look at a yahoo web page is yahoo finance, which updates the market slaughter in real time
― officer sonny bonds, lytton pd (mayor jingleberries), Monday, 9 March 2020 18:50 (four years ago) link
Ugh, can I say that front page of Business Insider is like a big bad news bomb.
The CDC just released a warning to all Americans over 60: Stock up on food and medications and avoid venturing outside
Coronavirus: Italy lockdown plan leaked, thousands tried to flee
'A nuclear f---ing warhead': A former hedge-fund manager says coronavirus panic will bring the global economy to its knees β and a depression is now his 'base case'
― Josh in Chicago, Monday, 9 March 2020 19:04 (four years ago) link
i've been waiting for a black swan event. It sucks that it's this.
― Yerac, Monday, 9 March 2020 19:05 (four years ago) link
And please for the love of god steer clear of crowded places, such as post offices and voting sites!!
― bold caucasian eroticism (Simon H.), Monday, 9 March 2020 19:10 (four years ago) link
I'm not sure that warning is particularly new, I think it's actually just the standard line for any disaster: hurricanes, quakes, heat wave, et al.
― Josh in Chicago, Monday, 9 March 2020 19:13 (four years ago) link
i did not sell any of my bear positions.
― Yerac, Monday, 9 March 2020 20:07 (four years ago) link
might regret it. Who knows!
bear positions say hi to u
― mh, Monday, 9 March 2020 20:19 (four years ago) link
a pal went to full treasuries position last month, and i was like βUS treasuries, or like somewhere else?β because that crown, some trumpy day...
― blather rinse repeat 2020 (Hunt3r), Monday, 9 March 2020 20:19 (four years ago) link
Lmao markets gonna be up 1000 today bc literally all this country cares about is juicing the stock market
― frogbs, Tuesday, 10 March 2020 12:46 (four years ago) link
kind of lol about the quick stimulus when supposedly the markets had been so strong for so long.
― Yerac, Tuesday, 10 March 2020 13:23 (four years ago) link
incredible free market, just the best
― Li'l Brexit (Tracer Hand), Tuesday, 10 March 2020 13:33 (four years ago) link
I know they have to report on it somehow, but to go from the market "cratering" to the market bounce back or surge or whatever might be accurate, but ... a market that swings overnight between cratering and surging is a sign of something fundamentally amiss. If not in the market, then def. in the reporting.
― Josh in Chicago, Tuesday, 10 March 2020 14:07 (four years ago) link
My 401k performance YTD. That divide between the green and red is ~Feb. 20. This represents about a 10% dip in overall value.
When I posted this on FB, one of my friends glibly commented, "Time to buy!" I'm not a fucken day trader, this is my retirement plan!
https://pbs.twimg.com/media/ESr8vhAXQAEBSLH?format=jpg&name=medium
― Bougy! Bougie! BougΓ©! (Eliza D.), Tuesday, 10 March 2020 14:18 (four years ago) link
what does your chart look like from 4Q2016 to now.
― Yerac, Tuesday, 10 March 2020 14:20 (four years ago) link
it just went negative because the rally was due to Trump floating some tax cuts and shit until eager investors had their coffee and realised he has no fucking plan in place to do any of it.
― (β’Μͺβ) (carne asada), Tuesday, 10 March 2020 15:31 (four years ago) link
BREAKING: Dow completely erases 945-point gain, turning into the red https://t.co/q4MhIKA07O pic.twitter.com/EnYQuNomB5— CNBC Now (@CNBCnow) March 10, 2020
― π ππ’π¨ (caek), Tuesday, 10 March 2020 15:31 (four years ago) link
Did I say surge? I meant crater!
― Josh in Chicago, Tuesday, 10 March 2020 15:33 (four years ago) link
yeah, i don't really talk about positions here so much because I don't want people to take any advice off the internet about their own finances but I saw the green in premarket and just walked away until it tanked. and now I am happy.
― Yerac, Tuesday, 10 March 2020 15:35 (four years ago) link
i was bad and ignored the advice of everyone and moved my retirement money (public sector version of 401k) out of stocks over the weekend. i know that i have been bad i am glad that i did it
― Karl Malone, Tuesday, 10 March 2020 15:36 (four years ago) link
if only oil would give it up.
― Yerac, Tuesday, 10 March 2020 15:36 (four years ago) link
my plan is to wait until a skeptical republican dies of coronavirus and then put it back in
― Karl Malone, Tuesday, 10 March 2020 15:37 (four years ago) link
what we really need is more of those huge liquidity injections by central banks amirite
:(
― mh, Tuesday, 10 March 2020 15:40 (four years ago) link
it's almost as if this casino banking system can't function without constant intervention by political appointees
― Li'l Brexit (Tracer Hand), Tuesday, 10 March 2020 15:45 (four years ago) link
Today's market can best be described as a flight back to poor quality, because high quality was already over-booked.
― A is for (Aimless), Tuesday, 10 March 2020 20:04 (four years ago) link
I describe it as DERRRP.
― Yerac, Tuesday, 10 March 2020 20:10 (four years ago) link
1000 point drop today and not a single post, y'all are getting spoiled
― frogbs, Wednesday, 11 March 2020 14:52 (four years ago) link
just a little morning dip before the afternoon outbreak breakout
― Karl Malone, Wednesday, 11 March 2020 14:55 (four years ago) link
heh. i think some people expected it. xpost
― Yerac, Wednesday, 11 March 2020 14:58 (four years ago) link
I've had my 401k in an old-man portfolio since like April 2019, so I am sort of thinking of increasing the % of equities soon. Just haven't decided yet what my trigger point is.
― longtime caller, first time listener (man alive), Wednesday, 11 March 2020 15:02 (four years ago) link
Crater! Surge!
― Josh in Chicago, Wednesday, 11 March 2020 15:03 (four years ago) link
stonks
― mookieproof, Wednesday, 11 March 2020 15:09 (four years ago) link
― bold caucasian eroticism (Simon H.), Wednesday, 11 March 2020 15:12 (four years ago) link
my employer is up today so actually this is good
― π ππ’π¨ (caek), Wednesday, 11 March 2020 17:07 (four years ago) link
caek do you work for Zoom Communications? ... the only stock in my portfolio that is up today!
― sarahell, Wednesday, 11 March 2020 17:48 (four years ago) link
no i work for a company that announced modestly good Q4 2019 results yesterday
― π ππ’π¨ (caek), Wednesday, 11 March 2020 18:03 (four years ago) link
Sold my house last November, bought a new one at half the cost, put some of the money into the market. Won't need to touch any of it for many, many years. Which is good, because these people are fucking nuts.
― clemenza, Wednesday, 11 March 2020 19:18 (four years ago) link
officially in bear territory
― π ππ’π¨ (caek), Wednesday, 11 March 2020 19:26 (four years ago) link
and there's the dead cat bounce
― frogbs, Wednesday, 11 March 2020 19:36 (four years ago) link
that was yesterday.
― Yerac, Wednesday, 11 March 2020 19:37 (four years ago) link
but who knows. It seems endless the amount of magic tricks they keep pulling out to try to keep this up the last couple of years.
― Yerac, Wednesday, 11 March 2020 19:38 (four years ago) link
Pretty confident what the WH does in terms of stimulus will be the wrong thing and will be ineffective. But before they realize that, they will do the wrong thing again, claiming there wasn't enough of the wrong thing done the first time.
― Josh in Chicago, Wednesday, 11 March 2020 19:39 (four years ago) link
here we go https://www.washingtonpost.com/business/2020/03/11/layoffs-coronavirus/
good luck these places https://en.wikipedia.org/wiki/List_of_ports_in_the_United_States
― π ππ’π¨ (caek), Wednesday, 11 March 2020 19:48 (four years ago) link
dowwwwn dowwwn dowwwn
― brooklyn suicide cult (Dr Morbius), Wednesday, 11 March 2020 19:59 (four years ago) link