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
― 𝔠𝔞𝔢𝔨 (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
When DJIA breaks below 20,000 I'll know it's getting a bit more serious. In 2008 iirc a 13,000 DJIA was near all time highs and the crash took it down to ~6,000. So, this is still far, far above the mid-aughts bull market highs.
― A is for (Aimless), Wednesday, 11 March 2020 20:07 (four years ago) link
yeah, I want continuation for the rest of the week before I feel like it'll stick.
― Yerac, Wednesday, 11 March 2020 20:08 (four years ago) link
almost everything is still way, way above the last pres election/inauguration.
― Yerac, Wednesday, 11 March 2020 20:10 (four years ago) link
has anyone heard anything about the IRS postponing tax filing deadlines?
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 11 March 2020 20:11 (four years ago) link
good question!
― sleeve, Wednesday, 11 March 2020 20:11 (four years ago) link
if they're forced to do it then they still have to issue refunds to people who file now, but they don't get the income. seems bad.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 11 March 2020 20:12 (four years ago) link
there was news today that they are recommending extending the deadline.
― Yerac, Wednesday, 11 March 2020 20:13 (four years ago) link
we filed last week, fortunately
― sleeve, Wednesday, 11 March 2020 20:13 (four years ago) link
i thought that new tax income is put aside, intended for use the following fiscal year? i could be way wrong on that. but it would be very bad financial practice to rely on new tax revenue for payments due in the next few months.
― Karl Malone, Wednesday, 11 March 2020 20:15 (four years ago) link
30% occupancy in boutique manhattan hotels - service industry layoffs ahoy
― Li'l Brexit (Tracer Hand), Wednesday, 11 March 2020 21:56 (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, March 11, 2020 3:39 PM (two hours ago) bookmarkflaglink
― Josh in Chicago, Wednesday, March 11, 2020 3:39 PM (two hours ago) bookmarkflaglink
In other words, the incumbent administration's SOP. But don't call it completely ineffective; it's been markedly functional at putting even more money in the hands of the 1 percent.
I'd like to see a field trial of basic universal income in households directly impacted by service industry contraction. But I'm not holding my breath.
― Life is a banquet and my invitation was lost in the mail (j.lu), Wednesday, 11 March 2020 22:32 (four years ago) link
okay now what
― mookieproof, Thursday, 12 March 2020 01:56 (four years ago) link
i mean, time to take out a loan to invest in the stock market while it's low i think
what would a rich person do
― Karl Malone, Thursday, 12 March 2020 01:59 (four years ago) link
i suppose the less wealthy half of the world could grab some pitchforks and go after the 8 wealthiest men, doubling their wealth in the process, but the problem is those 8 rich dudes are really, really hard to find and tricky to pin down
― Karl Malone, Thursday, 12 March 2020 02:00 (four years ago) link
you know it will be lotsa tax cuts and subsidies for a few mega-corporations. maybe some unemployment insurance bones tossed to the laid off workers, but nothing about health care. it's always helpful to have a dysfunctional government during a global pandemic.
― A is for (Aimless), Thursday, 12 March 2020 02:03 (four years ago) link
yeah, i loved how trump's speech mentioned $40B (or $50B? i forget) to go toward "selected companies or individuals". it was almost like a disclaimer during a penis pill ad
― Karl Malone, Thursday, 12 March 2020 02:06 (four years ago) link
"many hundreds of millions will benefit jared"
― Karl Malone, Thursday, 12 March 2020 02:07 (four years ago) link
I am 100% confident the markets will be calmed by President Trump's amazing, dignified speech.
― Biden my time/Drinking her wine (PBKR), Thursday, 12 March 2020 02:40 (four years ago) link
I caught the last two minutes. He sounded sick? Did he snort at one point?
― Yerac, Thursday, 12 March 2020 02:42 (four years ago) link
he snorts a lot
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Thursday, 12 March 2020 02:43 (four years ago) link
my 401k and i have chickened out
xp yeah he didn't sound good, but then he never really does
― mookieproof, Thursday, 12 March 2020 02:43 (four years ago) link
You'll feel better about your 401k if you look at a longer view of the chart. Like 2,3,5 years.
― Yerac, Thursday, 12 March 2020 02:45 (four years ago) link
Or just don't look especially not right before bed.
― Yerac, Thursday, 12 March 2020 02:46 (four years ago) link
i will never look
― ciderpress, Thursday, 12 March 2020 02:48 (four years ago) link
want to see a rally where Trump straight up hocks a loogie on the ground mid-speech
lol what if all the decongestants are because he has allergies/chronic congestion
― mh, Thursday, 12 March 2020 02:49 (four years ago) link
In the Clinton debates he snorted and sniffled so much it sounded like he'd just done all of the meth in the green room.
― Greta Van Show Feets BB (milo z), Thursday, 12 March 2020 02:50 (four years ago) link
no way a dude that age is chronically snorting stuff for years and still has recognizable nasal cavities
― mh, Thursday, 12 March 2020 03:08 (four years ago) link
it's probably the grease from his Extra Crispy dripping down his throat
― sorry for butt rockin (Neanderthal), Thursday, 12 March 2020 03:09 (four years ago) link
how do i short the world?
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 12 March 2020 03:39 (four years ago) link
The Big Short 2: Bigger and Shorterer
― sorry for butt rockin (Neanderthal), Thursday, 12 March 2020 03:40 (four years ago) link
I intend to put money in my Roth IRA when I get paid tomorrow (god willing, I won't have touch it for another 15-20 years). But looking at my Fidelity account will almost certainly be painful.
― Life is a banquet and my invitation was lost in the mail (j.lu), Thursday, 12 March 2020 10:01 (four years ago) link
xpost. ha. I jut found an article called "How to Short the World" from early 2016.
― Yerac, Thursday, 12 March 2020 11:49 (four years ago) link
what's annoying is that they make it so easy for most people to invest long in equities but they make it so hard for those same people to take about equivalent risk short/bear positions.
― Yerac, Thursday, 12 March 2020 11:52 (four years ago) link
i hate money, so this is good
― latin hypercube in shitspace (Sufjan Grafton), Thursday, 12 March 2020 13:32 (four years ago) link
i hate halts.
― Yerac, Thursday, 12 March 2020 13:37 (four years ago) link
every halt, a terminator sequel
― latin hypercube in shitspace (Sufjan Grafton), Thursday, 12 March 2020 13:45 (four years ago) link
coffee break! I am still holding tvix which I supremely hate and am going to force myself to get rid of it today even though I may regret that.
― Yerac, Thursday, 12 March 2020 13:47 (four years ago) link
or maybe tomorrow. Ugh.
coffee and tvix over several days would hurt my heart
― latin hypercube in shitspace (Sufjan Grafton), Thursday, 12 March 2020 13:50 (four years ago) link
the DJIA closed at 19,804.72 the day comrade combover took office. an annual budget deficit north of $1 trillion later, we're almost 2000 points higher! MAGA!
― reggie (qualmsley), Thursday, 12 March 2020 14:07 (four years ago) link
yerac how did you learn about investing?
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Thursday, 12 March 2020 14:08 (four years ago) link
i worked at 2 large investment banks and a rating agency, but that was completely accidental; my degree was in anthro, astro. but there is a ton of information out there that you can learn the basics fairly quickly (i would just investopedia everything at work because I did not have a background). And i've always been good with money, since I was a teen.
― Yerac, Thursday, 12 March 2020 14:17 (four years ago) link
but I would not recommend investing any money in the market that you are not prepared to just lose.
― Yerac, Thursday, 12 March 2020 14:20 (four years ago) link
lol that might be taking it too far
― latin hypercube in shitspace (Sufjan Grafton), Thursday, 12 March 2020 14:26 (four years ago) link
I don't know anyone's personal situation or age so it's difficult for me to encourage people to put their money somewhere not knowing their risk.
― Yerac, Thursday, 12 March 2020 14:28 (four years ago) link
like i worked at a bank (that eventually bought LEH) and I saw employees making 10k x's whatever volume trades for their own accounts to buy LEH at $10, $8, $4 because they were so sure it would come back.
― Yerac, Thursday, 12 March 2020 14:30 (four years ago) link