Rolling US Economy Into The Shitbin Thread

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)

It doesn't look like capitulation, yet. But it's looking like we may get there in the next four or five weeks. Then, surely, Infrastructure Week will blossom like ten thousand flowers.

bump

we should try cutting taxes again, especially on high wage earners

I am in no way endorsing any of these things, but I personally have been trading 2-3xs inverse etfs for oil, biotech, tech and china. so as i mentioned above about short instruments without having to technically short.

But I would not recommend this unless you can watch the market most of the day and are kind of whatever about whatever happens.

This is awful. It breaks my heart to see the money number go down from the high money number it once was. But we don't have to sit by and watch the money number go so low and make us all so sad. What I'm going to do, and what I urge you all to do, is to get out there into your workplaces and work as hard as you can! Focus, concentrate, apply yourselves, really try hard to give it and your employer "all you've got." Set a goal for yourself to do the best job you can do. I believe that if we do that, then our economy will grow healthy and strong, and we can have a good, high money number again! Peace and blessings.

i'm gonna just keep on posting on ILX until the market rebounds

the real economy remains strong, at least within a couple miles of my house

I can get empanadas whenever I want.

I am thrilled. That sounds assholish I know, but things were too expensive for any new investor to want to even start to buy into. The market shouldn't be out of reach for most investors.

And f those MAGA "but my 401k is doing well" investors who used that as an excuse about why Trump was ok.

This one feels like the real shitbin

I am really hoping.

Seems fine

Today I convened individual calls with the CEOs of the nation's six largest banks. See attached statement. pic.twitter.com/YzuSamMyeT

— Steven Mnuchin (@stevenmnuchin1) December 23, 2018

kind of like your s.o. calling you out of the blue to assure you they're not cheating on you

I like that he placed the calls from Cabo where he is on vacation

cabo mnwabo

oh, none of that is a red flag (what day is it). according to post 09/2008 rules, all of those banks should have funeral plans laid out.

right, i'm not worried about the banks. i'm worried about the treasury secretary.

I hope Secretary Mnuchin remembered to bring his passport to Cabo, so he can re-enter the USA.

I think my post was sarcasm. Too much wine last night.

granted I don't follow US politics closely but seems like a weird move to me. and potentially risks sparking the panic he thinks it will obviate

afaik the US prudential regulatory regime is fairly closely aligned to that in europe (I mean, it all comes from a supranational body - the basel committee). so - provided they're operating within the requirements of the regulatory envelope - the banks should be fairly well capitalised and stress tested, with sufficient liquidity to meet all of their regulatory requirements (LCR/NFSR etc)

NSFR*

good morning!

So many of the ipos from recent years are in such dire, dire shape. Snapchat, Blue Apron, GoPro, Fitbit, Switch, Roku, Box. I am kind of surprised that etsy does well.

should be an interesting day. possibility of crash, wouldn't that be weird for xmas eve

nah, most people are out of the office and it's a half day for the nyse (market closes at 1pm).

If the market falls another 7-8% it will have wiped out the entire post-Nov 2016 rally. Prob only needs to fall 4-5% if you include inflation.

no, really -- let's run america like a business!

Gonna close at around-500 for the worst Christmas Eve day of trading ever

oil tanking so hard.

as it were

I mean, I am not sad.

I am in no way endorsing any of these things, but I personally have been trading 2-3xs inverse etfs for oil, biotech, tech and china. so as i mentioned above about short instruments without having to technically short.

― Yerac, Thursday, 20 December 2018 19:37 (four days ago)

indebting generations of americans will pay off someday, just watch

today appears poised to give a whole new meaning to "santa claus rally"

More than $20,000 lost from my 401k in the last three weeks.

ouch

I'm too young for it to be worth giving myself heartburn over oscillations in my net worth rn but I'm counting on Yerac to tell us when we reach the bottom so I can resume plowing cash into VFFVX

There is no bottom. Have we learned nothing post 2016?

and don't worry about your 401k unless you are, like, close to being able to withdraw from it. Although I usually looked at mine once a month to see if I wanted to redistribute or needed to get rid of some company stock (if they give you an as compensation).

At any rate, market timers don't invest at the bottom. They wait till there's only despondancy in peers and pop culture (ie, everyone who wanted to sell did) and tech indicators suggests the doofuses who look at charts are about to get back in.

this thread is the top i’m shorting ilx so fucking hard