Rolling US Economy Into The Shitbin Thread

folks, there's a thread for this: Ask Raccoon Tanuki

forgot about Raccoon Tanuki

Early investor in Travis Scott, big returns if he sat on that.

can you believe I was into Nirvana before you? I saw them at the Blind Pig in 1999

whenever I do well playing the game of markets, I always make sure to go to famed investing website ILX to tell everyone

fyi I had shares of "grim reapah!" burbbhrbhbbhbburbbb. before it got acquired by the 51 Company

Man, I thought I always made it clear to never listen to anyone on the internet.

This thread Is not performing as advertised.

― American Fear of Pranksterism (Ed), Thursday, March 19, 2020 12:49 AM (six hours ago) bookmarkflaglink

Past performance does not predict future returns, to quote the legal boilerplate.

hey know offense Silby, but you have to get my perspective
We TRADE the market. It doesn;t matter if it goes up or down

isn't this exactly how the Duke Brothers explain the market to Eddie Murphy's character in Trading Places?

I keep thinking I am missing references to these types of movies.

until you have consumed all movies, tv shows, and music, you can't really have a conversation these days

^

that's from the screenplay of Videodrome, but not the film

Cheese Keef - do you think it's socially responsible to trade stocks?

this thread rules now aiui keef is saying “if you really understand the total market you can time the market” that’s genius strategy man!

chicken keef

thing about the market is, it's going to go up again. it's easy! you just gotta time it so you buy just before it goes up. DUH

Trade of a lifetime, my friend

but the real kicker is....funds are volatile, man. t hey don't always do what you expect.

but...if you invest in MULTIPLE funds (read: more than one) simultaneously, and some do well, and some do poorly, that is known as asset allocation. or as the plebes say, "not putting your eggs all in one basket".

you can make a killing doing that, but your broker won't tell you that!

Lmao, I hate traders, but this mf saved his 2013 "DOW 15,000" hat and has been wearing it on the trading floor like a fucking king as the market crashes. pic.twitter.com/3xBcx6vXPd

— todd (@Todd_Bonzales) March 19, 2020

I can't believe there is no pre-1999 or post-1999 Nirvana poll.

you know you're riiiiiight

i am so glad that comrade kyiv is here to keep us distracted during these challenging times.

I buy nirvana and short foo fighter;s...ridin the wave to bonkers multiples

Whoopsie!

Goldman Sachs warns data point to a historic and frankly apocalyptic surge in unemployment insurance claims, from current 281,000 to 2,250,000 in next week’s report. Yes you read that right. pic.twitter.com/KX7oDfu8fe

— Michael S. Derby (@michaelsderby) March 20, 2020

Mnuchin told lawmakers that unemployment could reach 20 percent this year.

seems notable

jfc this year

had an unsettling moment with my partner earlier tonight where she was like "is this going to get as bad as the great depression?" and i was like "..." ooof. at least the great depression had the new deal.

well.. eventually!

If only we had a presidential candidate like FDR. Oh wait

everyone w/ the capability is now a delivery driver of some kind, on the fed's dime ~ make it so

One thing happening with unemployment is a whole lot of layoffs that will be temporary as long as the current state of affairs doesn't go on too] long. Places like hotels are laying off all their staff to get them on unemployment, and some number of those people will probably be able to go back to their jobs in the near-ish future. Probably. So as bad as the numbers are going to be, the unemployment rate could shoot way up and then fall to half or less of that in relatively short order.

All depending on how things go, obviously.

yeah, it's hard to tell at this point. underemployment claims will be included there, for people who still have jobs but can't go to work, and some states (Virginia being one) are allowing people to file unemployment claims if they have jobs and were scheduled for hours but couldn't report due to being quarantined due to being sick.

however I do think it is pretty clear that the unemployment rate will definitely increase even after the situation is dealt with. there are definitely jobs that are eliminated that aren't returning. not to mention that if this situation drags on like 6 or more months, it won't really matter how 'permanent' the numbers are. nobody will be able to pay bills.

my job's safe at the moment but the thought I just had is ...once they shelter in place in every state that we have an office, I'll only be able to train people who are taking calls from home. we can't completely shutter as we handle people's benefits and they're going to need to call, but I could see them using less of us.

My job is "safe", my company can continue our work for the most part. But if we start losing clients, I could easily imagine myself floating to the top of the list for layoffs. Not sure if it makes sense to start applying to other jobs just in case or what. I doubt Tina of hiring is really happening.

I dunno, I think Tina got it goin on, myself.

she's simply the best

Crazy that the market seems to be ignoring the massive wave of unemployment that's about to hit

who needs a stock when a stock can be worthless

they are trying do hard to make the dow stay above 20k. I should go clean the house.

Congressional Republicans have forced their way onto the emergency subsidies bandwagon and are expected to provide industry support in addition to (any) payouts to households. The traditional investor class should come through without difficulties.

I'm doing rolling spring cleaning in between work tasks. Yesterday I took down and washed the curtains, and have started washing winter clothes in anticipation of putting them in storage.

I usually do all the main cleaning on Fridays so we have a nice clean house on the weekend, but it's been so dusty here and with the virus I've done more laundry in the middle of the week.

My wife has been on vacation all week because originally we were going to be traveling, and she's channeled her anxiety into an amazing amount of home improvement. I've helped out too, but I've also been working all week covering our local COVID developments. Anyway, she's so far regrouted the bathtub and kitchen sink, repainted the window in the bathroom, bought and hung a bunch of new plants, and yesterday we cleaned out the gutters. Today it's window-cleaning, I think.

Also we've been baking -- bread, biscuits, homemade pizza dough.

my wife want to deep clean this weekend but I can't find bleach anywhere :(

at some point they will need to come up with new tax law and/or make decisions re the tax consequences / implications of some of these things

oh yeah, I still have plenty of work and haven't had to lay myself off yet

I am sorry that I came off aggro. Not really my intent

this is the maxim I have always lived by:

Bulls make money
Bears make money
Pigs get slaughtered.

this book changed my life , for one example
here is a book that changed my life

https://www.amazon.com/Mind-Trader-Alpesh-Patel/dp/0273630067

https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380/ref=sr_1_1?crid=17KM7PYK11QC2&dchild=1&keywords=a+random+walk+down+wall+street&qid=1584769957&sprefix=a+random%2Caps%2C177&sr=8-1

my wife want to deep clean this weekend but I can't find bleach anywhere :(

At Rodman's (NW DC) yesterday they had bleach on display behind the pharmacy counter. (I guess to limit purchases?) I was looking for a thermometer, but they (and CVS) were sold out.

soapy water apparently gets the job done
https://www.nytimes.com/2020/03/18/world/clean-home-coronavirus.html

how low is this gonna go??

lol I just looked and briefly thought the Dow was at 800.