amazon's still unrealistic P/E must be very painful for its investors, knowing that realistic P/E (defined as 4-5x i'm told) is on the way. there are listed companies with no P/E at all! surely none of those will be successful. somebody please let their investors know!
― latin hypercube in shitspace (Sufjan Grafton), Wednesday, 18 March 2020 20:27 (four years ago) link
yeah yeah yeah i mistyped ityou should listen to dude. made more bearish than i already was to begin withyou could have retired
― Chief Kyiv, Wednesday, 18 March 2020 20:28 (four years ago) link
for someone new to ilx, you are being super aggro and confident, as if you have been posting here before such that we should be already aware of your expertise?
― sarahell, Wednesday, 18 March 2020 20:30 (four years ago) link
lol who is this
― Οὖτις, Wednesday, 18 March 2020 20:30 (four years ago) link
Ukrainian hemiola
― sarahell, Wednesday, 18 March 2020 20:31 (four years ago) link
Raccoon
― sorry for butt rockin (Neanderthal), Wednesday, 18 March 2020 20:33 (four years ago) link
wild guess that it's a white guy.
― Yerac, Wednesday, 18 March 2020 20:36 (four years ago) link
JUST KIDDING
― Yerac, Wednesday, 18 March 2020 20:37 (four years ago) link
A huge bubble.
afaics, it's the little boutique colleges that will die off. as for big universities, their main risk would be overbuilding and overcapacity, but I'm not sure that the big institutions overleveraged themselves in the process of overbuilding, because the major part of the debt overhang was assumed by the students or covered by begging from alumni. I presume any reduction in demand there can be absorbed by shedding all those non-tenured staff like hot potatoes. But I don't study their economics, so this is mostly guesswork on my part.
― A is for (Aimless), Wednesday, 18 March 2020 20:37 (four years ago) link
if they ever get it together and do a free, intensive physicians asst. program. I am on that. They need so many.
― Yerac, Wednesday, 18 March 2020 20:39 (four years ago) link
The American economy is poised for the worst quarterly contraction ever, with a sudden slowdown in economic activity that is more akin to what happened in wartime Europe than during previous American slowdowns like the financial crisis more than a decade ago or even the Great Depression.
had this mind as the market bounced up by 10% yesterday. the disconnection between the reality and the "investor optimism on legislation being passed" is mindboggling
― Karl Malone, Wednesday, 18 March 2020 20:43 (four years ago) link
NYSE starting fully electronic trading (closing floor) on Monday.
― Yerac, Wednesday, 18 March 2020 21:01 (four years ago) link
Look, this market needed to take it's haircut for "irrational exuberance" in my homey Greenspan's termsGreenspan was probably short and god bless him
― Chief Kyiv, Wednesday, 18 March 2020 21:06 (four years ago) link
hey man what do u think of Chance the Rapper's economic plan
― sorry for butt rockin (Neanderthal), Wednesday, 18 March 2020 22:25 (four years ago) link
my homey Greenspan
― absolute idiot liar uneducated person (mh), Thursday, 19 March 2020 02:18 (four years ago) link
yeah you know what? He kind of is my homey because he warned for years about thisHe warned for years about "irrational exuberance"But pile money into your 401K, tough guy. Do that.
― Chief Kyiv, Thursday, 19 March 2020 02:52 (four years ago) link
that didn't rhyme
missing a bar
boo
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 02:56 (four years ago) link
Alan Greenspan is a sober individual who gave you all a warning 20 years ago. I don't think even he can believe how stupidly irrational the market got. Well, the liquidity injections were unprecedented. But it is time to pay the fiddler
― Chief Kyiv, Thursday, 19 March 2020 03:02 (four years ago) link
I miss gabbneb
― silby, Thursday, 19 March 2020 03:02 (four years ago) link
I'll show u a "liquidity injection"
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 03:19 (four years ago) link
somebody should tell people who bought stock 20 years ago how fucked they are.
― latin hypercube in shitspace (Sufjan Grafton), Thursday, 19 March 2020 03:24 (four years ago) link
preferably a sober individual
well as we know Chief Kyiv "hates being sober"
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 03:26 (four years ago) link
ha, no you are right Sufjan ... but this is of course thing ... the way to make money is trade both sides ... not be some cheerleader... yeah man I made a mint on AMT .. check that long out... but I short the shit out of this economy that was always teetering on the brink of an exogenous event that wouldd finally bring the multiples down to earth ... something that is realistic
― Chief Kyiv, Thursday, 19 March 2020 03:30 (four years ago) link
Ellipses Boi
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 03:34 (four years ago) link
whatever Neanderthal I like you I am a metalhead too
― Chief Kyiv, Thursday, 19 March 2020 03:35 (four years ago) link
I just saw Autopsy and Professor Black last week so don't @ me
― Chief Kyiv, Thursday, 19 March 2020 03:37 (four years ago) link
but this is of course thing
― El Tomboto, Thursday, 19 March 2020 03:39 (four years ago) link
yeah it is a "thing" el tomboto ... to trade both sidesthat is how you make money .. that is how you provide for your familyShort this market when it gets irrational
― Chief Kyiv, Thursday, 19 March 2020 03:41 (four years ago) link
tell us about your family
― silby, Thursday, 19 March 2020 03:42 (four years ago) link
Short The Market - Peter Gabriel
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 03:43 (four years ago) link
for my family, "el tomboto" what i did was short the SPXvery easy thing to do. well, you have to have a margin account.i hope you all have margin accounts. or maybe you listen to "yerac" for investment advice lolhttps://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=SPX&insttype=Index
― Chief Kyiv, Thursday, 19 March 2020 03:45 (four years ago) link
I short the marketBut I did not short the SPX
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 03:46 (four years ago) link
iirc you have to provide proof of a margin account when signing up for ilx
― El Tomboto, Thursday, 19 March 2020 03:49 (four years ago) link
I photocopied someone else's, shh, don't tell the mods
― sorry for butt rockin (Neanderthal), Thursday, 19 March 2020 03:49 (four years ago) link
I hope you and your family are very happy with the proceeds from your investment strategy, CK. But somehow you must have missed the fact that it is possible to 'provide for one's family' in many ways other than shorting the equities market. Even though you must be thrilled with your gains atm, trading on margin is a risky business that shouldn't be accepted by anyone who isn't willing to lose money in a big way.
As the [insert appropriate group reference here] say: you do you.
― A is for (Aimless), Thursday, 19 March 2020 03:58 (four years ago) link
Yes, Aimless ... and I respect you as a poster....but I have balls and that is why I take the risk , gladlyWe have one shot in this life... we have to take it when we see it .... my god I have been waiting for these multiples to come back down to 1970's levels my entire life...trade of a lifetime , my friend. Trade of a lifetime
― Chief Kyiv, Thursday, 19 March 2020 04:02 (four years ago) link
I bet your family loves you and thinks you’re well-adjusted
― silby, Thursday, 19 March 2020 04:03 (four years ago) link
hey know offense Silby, but you have to get my perspectiveWe TRADE the market. It doesn;t matter if it goes up or down
― Chief Kyiv, Thursday, 19 March 2020 04:07 (four years ago) link
I don;t root against I guess "american society" haha i just wake up in the morning and trade the markets.it is what it is
― Chief Kyiv, Thursday, 19 March 2020 04:08 (four years ago) link
It doesn't matter if it goes up or down? I don't get it
whatever
― Dan S, Thursday, 19 March 2020 04:12 (four years ago) link
That's not my department, says Wernher von Braun
― Guayaquil (eephus!), Thursday, 19 March 2020 04:14 (four years ago) link
Dan, it doesn't matter if "it goes up or down" from the perspective of a guy who just rides the wave.That is what I am getting at.Go up. Go down. I don;t give a shit. Need to be on the right side, though
― Chief Kyiv, Thursday, 19 March 2020 04:14 (four years ago) link
What are your other useful skills
― silby, Thursday, 19 March 2020 04:15 (four years ago) link
you are on a level way beyond me
I'm just worried that my retirement will be entirely fucked
― Dan S, Thursday, 19 March 2020 04:17 (four years ago) link
well I am really into music, Silby. can you believe I was into Nirvana before you? I saw them at the Blind Pig in 1999 and I also roadied for Mountain Goats and Alastair Galbraith and now I have of course outed myself
― Chief Kyiv, Thursday, 19 March 2020 04:18 (four years ago) link
Hmmmmm.
― silby, Thursday, 19 March 2020 04:23 (four years ago) link
chief kyiv was a working manHe used to load that Econoline vanA sparkle was in his eyeBut his life was in his handsWell, late at night when the people were goneHe used to log into e*tradeAnd short stocks like the SPXand post about it on a message board *beh bewda bew buh beh*tonight's the nighttonight's the nigh-high-high-hight
― latin hypercube in shitspace (Sufjan Grafton), Thursday, 19 March 2020 04:31 (four years ago) link
1999 Nirvana was the best Nirvana
― symsymsym, Thursday, 19 March 2020 04:37 (four years ago) link
can you believe I was into Nirvana before you? I saw them at the Blind Pig in 1999
There is something pure here.
― Ned Raggett, Thursday, 19 March 2020 04:37 (four years ago) link