Rolling US Economy Into The Shitbin Thread

I mean "price is lower than it was last month" = "cheap" is kind of a classic stock market mistake.

also *pushes up pedantry glasses on nose* those are ACTUALLY ETFs and not stocks

I assumed they are talking about investment bank bailouts and everyone who caused it or wasn't affected by it, not the average retail investor. Like, all those people who were responsible, they all found other jobs, got their multi-million dollar bonuses. Everyone's private placements weathered it out.

I just had to look up what Bob Diamond was doing since he had to resign after the libor scandal. He founded "Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, is a financial services holding company formed to undertake the acquisition of target banks in Africa." cool.

Co-N-Vest

Con-Vest

Dick Fuld still gets to have his own asset management firm.

I assumed they are talking about investment bank bailouts and everyone who caused it or wasn't affected by it, not the average retail investor. Like, all those people who were responsible, they all found other jobs, got their multi-million dollar bonuses. Everyone's private placements weathered it out.

― Yerac, Friday, October 26, 2018 3:11 PM (twenty minutes ago) Bookmark Flag Post Permalink

Yeah, but the stuff that sunk those investment banks was not mere stock market trading, it was much heavier and more toxic stuff that mere mortals like us don't even have access to.

accredited investors/the superrich do have access. but nhex can probably clarify their meaning.

oh, i think i get what you are trying to say. Like, when I get mad at people for saying they work on wall street when most of the main buildings are nowhere near there.

admittedly i'm definitely too ignorant to mean what Yerac is going for, but sorta that is the direction
like if the stock market has the power to destroy our economy every ten years why are we doing it is my naif question
unless of course... that's the point

I mean "price is lower than it was last monthyear" = "cheap" is kind of a classicthis year's stock market mistake.

― Fedora Dostoyevsky (man alive), Friday, October 26, 2018 1:08 PM (one hour ago) Bookmark Flag Post Permalink

I swear this market cannot die soon enough.

market myers going to bounce back on halloween thanks to candy sector's strength

I have a lot of haribo stocked up.

That was just before the dot-com bubble burst, followed by recession, weak recovery/expansion, and the Great Recession. Of course past performance is no guarantee of future results. https://t.co/Bw3EalVbDH

— Doug Henwood (@DougHenwood) October 30, 2018

this thing's gonna pop in 2019 and we're gonna elect booker/harris who're gonna muddle us through another market emergency at the expense of regular people and man i hope they get credit for the dead cat bounce that results so we at least have a two terms where we pretend like we're not managing decline

djia down 600 points today, but the market is still ahead of where it closed 2017. tax cuts!

seems like we might oscillate, move a bit lower, and then start another climb to a new ATH in February. or maybe spx will rapidly drop below 2000 tomorrow.

helloooo

https://www.nytimes.com/2018/11/20/business/stock-markets.html

the job creators (peace be unto them) are punishing the US for electing the democRAT party to take over the house

every time an “objective” news source calls the american economy strong i laugh mirthlessly

this is all a normal correction and we will see s&p 500 all-time highs before the end of the year.

To the extent that the strength of the economy rests on a shaky scaffolding of collective conviction/delusion in that strength, I geddit. But yeah.

https://www.wsj.com/articles/energy-losses-prompt-emotional-video-to-options-firms-clients-1542709800

https://www.youtube.com/watch?v=VNYNMM0hXXY

https://www.politico.com/agenda/story/2018/11/20/millennials-homeownership-affordability-000792

Sara and Dan are, by most standards, wealthy. Their starter home came with a $755,000 price tag, which they could afford because their household income is more than twice the Arlington median of $104,000 and their student loans are paid off. And Sara’s dad—who until recently led the Mortgage Bankers Association in Washington—pitched in with more than half the down payment.

"Just a typical American tale of home ownership here"

755k ‘starter home’ u say

They plan to move into something larger and nicer as they get more established.

Also the wife's father worked for Obama and then became a home mortgaging lobbyist and paid over half the down payment
I'm a little perplexed what this story is supposed to be telling me. Only rich people can afford to buy houses? No shit

It's so privileged and lesser privileged white people can commiserate.

market in freefall lmao

G20 reaction.

need your 20Gs for G20

https://thehill.com/blogs/blog-briefing-room/news/419642-nebraska-farm-bureau-says-trade-conflicts-cost-state-up-to-1

video explaining the market moves today

https://youtu.be/uI4fVgVVpiw

why dont you embed you son of a bitch

https://www.youtube.com/watch?v=uI4fVgVVpiw&feature=youtu.be

=(

because you have https in there. change it to http and you should be fine

revive for tomorrow morning

here we fucken go

https://finance.yahoo.com/news/p-500-futures-plunge-leaving-001751344.html

this is not good on multiple levels

https://www.nytimes.com/2018/12/05/business/huawei-cfo-arrest-canada-extradition.html
https://www.nytimes.com/2018/12/06/business/stocks-wall-street-huawei-trade.html

today's strong rally off lows is a bit relieving. scary coupla days.

our algorithmic trading overlords will not be cowed into submission

feel like the official term for days like this should be "puke n' rally"

blech taking a doing

wheeee. At least some more psychological barriers got taken out today.

this sucks.

there should be a separate ‘bump this thread every time the stock market goes down’ thread imo

I figure a new thread should be started when we are firmly in bear/recession territory.

lol, meanwhile the next headline down on CNN is

Corporate America gives out a record $1 trillion in stock buybacks