Rolling US Economy Into The Shitbin Thread

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

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

― Yerac, Monday, December 17, 2018 5:11 PM (fifty minutes ago) Bookmark Flag Post Permalink

i thought that’s what this one was for

This one is getting too unwieldy. I was going to look for an old post but eek about loading all the messages.

It's true, we badly need an Out of the Shitbin thread.

i would just like to point out that this delayed obama crash is all in anticipation of the democrats taking over the house in january plus we didn't cut taxes enough on *the job creators* (peace be unto them)

S&P 500 is now down since Congress and Trump cut the tax rate on corporate profits from 35% to 21%.
Now at a 14-month low.

— Steven Dennis (@StevenTDennis) December 17, 2018

The S&P 500 is on track to have its worst December since *1931*

— Steven Dennis (@StevenTDennis) December 17, 2018

1931 was not a good year.

— Steven Dennis (@StevenTDennis) December 17, 2018

in case you didn't remember. about the 30s.

Because of the Great Depression.

THAT'S what it was, sheesh

The market is still stupid high/needs more correction from its steroid run after Trump got elected.

^otm

btw, Britain crashing out of the EU like the Kool-Aid Man is going to invigorate all the European bond markets amazingly, I'm sure.

That’s an uncharacteristicly vivid simile, Aimless!

Ideas for a good retail instrument to take a short position?

You could just place a short order on SPY couldn’t you

I mean, I wouldn’t, but you could

I am sure there is some inverse etf in some sector that might interest you. A lot easier than shorting (especially if you don't have a margin account set up).

shitbin's gettin real

fun!

bull run lasted 9.5 years but it's looking over now

(actually, this correction is not yet as even as severe as those in late '15 and early '16 so who dafuk knows)