Rolling US Economy Into The Shitbin Thread

chief kyiv was a working man
He used to load that Econoline van
A sparkle was in his eye
But his life was in his hands
Well, late at night when the people were gone
He used to log into e*trade
And short stocks like the SPX
and post about it on a message board
*beh bewda bew buh beh*
tonight's the night
tonight's the nigh-high-high-hight

1999 Nirvana was the best Nirvana

can you believe I was into Nirvana before you? I saw them at the Blind Pig in 1999

There is something pure here.

pretty much, covered my SPX though . i do think it got overblown today

just listening to this now

http://open.spotify.com/track/7DgZ2cG6o0sNwKidmaPw6A

https://www.youtube.com/watch?v=JUGHGXyuH98

oh, Tanukipaws

Hey Ned Raggett, I just watched you on the AXS channel talking about Rush. That was insane man, good on ya for getting that gig. You represented well. So cool man

This thread Is not performing as advertised.

No I mean that about Ned. Has everyone seen that? It's so rad ... Ned represents Rush in the way they deserved to be talked about. Too cool

not performing as advertised

for now it is the mini-Trump Chief Kyiv's balls thread.

this is i guess the "preview" you can't apparently watch the full thing with the Nedster
https://www.youtube.com/watch?v=E8Lk2Gt0m8s

Chief Kyiv is a troll

In what goddamn way? I actually do legit love this Rush documentary and I wish I could post the whole thing with Ned's contributions. I also want people to manage their money properly . Not trolly at all , i wouldn;t think?

yeah not buying it

forever in debt to your priceless advice

OK.
Rush is one of my fave bands of all time and Ned does a great job repping them on the documentary.
Which I guess I can't unfortunately post the full link to.
I also think everybody was stupid to be long this market.... If that makes me a "troll" ..i guess so
god people. We need to smart about our money. This was bound to happen. I don't know what to tell you if it makes me a "troll" to highlight extreme multiples
I mean absolutely bonkers multiples. Fine.

How many people are in your family

Two parents and an Aunt. And I manage money for them

folks, there's a thread for this: Ask Raccoon Tanuki

forgot about Raccoon Tanuki

Early investor in Travis Scott, big returns if he sat on that.

can you believe I was into Nirvana before you? I saw them at the Blind Pig in 1999

whenever I do well playing the game of markets, I always make sure to go to famed investing website ILX to tell everyone

fyi I had shares of "grim reapah!" burbbhrbhbbhbburbbb. before it got acquired by the 51 Company

Man, I thought I always made it clear to never listen to anyone on the internet.

This thread Is not performing as advertised.

― American Fear of Pranksterism (Ed), Thursday, March 19, 2020 12:49 AM (six hours ago) bookmarkflaglink

Past performance does not predict future returns, to quote the legal boilerplate.

hey know offense Silby, but you have to get my perspective
We TRADE the market. It doesn;t matter if it goes up or down

isn't this exactly how the Duke Brothers explain the market to Eddie Murphy's character in Trading Places?

I keep thinking I am missing references to these types of movies.

until you have consumed all movies, tv shows, and music, you can't really have a conversation these days

^

that's from the screenplay of Videodrome, but not the film

Cheese Keef - do you think it's socially responsible to trade stocks?

this thread rules now aiui keef is saying “if you really understand the total market you can time the market” that’s genius strategy man!

chicken keef

thing about the market is, it's going to go up again. it's easy! you just gotta time it so you buy just before it goes up. DUH

Trade of a lifetime, my friend

but the real kicker is....funds are volatile, man. t hey don't always do what you expect.

but...if you invest in MULTIPLE funds (read: more than one) simultaneously, and some do well, and some do poorly, that is known as asset allocation. or as the plebes say, "not putting your eggs all in one basket".

you can make a killing doing that, but your broker won't tell you that!

Lmao, I hate traders, but this mf saved his 2013 "DOW 15,000" hat and has been wearing it on the trading floor like a fucking king as the market crashes. pic.twitter.com/3xBcx6vXPd

— todd (@Todd_Bonzales) March 19, 2020

I can't believe there is no pre-1999 or post-1999 Nirvana poll.

you know you're riiiiiight

i am so glad that comrade kyiv is here to keep us distracted during these challenging times.

I buy nirvana and short foo fighter;s...ridin the wave to bonkers multiples

Whoopsie!

Goldman Sachs warns data point to a historic and frankly apocalyptic surge in unemployment insurance claims, from current 281,000 to 2,250,000 in next week’s report. Yes you read that right. pic.twitter.com/KX7oDfu8fe

— Michael S. Derby (@michaelsderby) March 20, 2020

Mnuchin told lawmakers that unemployment could reach 20 percent this year.

seems notable

jfc this year

had an unsettling moment with my partner earlier tonight where she was like "is this going to get as bad as the great depression?" and i was like "..." ooof. at least the great depression had the new deal.

well.. eventually!

If only we had a presidential candidate like FDR. Oh wait

everyone w/ the capability is now a delivery driver of some kind, on the fed's dime ~ make it so

One thing happening with unemployment is a whole lot of layoffs that will be temporary as long as the current state of affairs doesn't go on too] long. Places like hotels are laying off all their staff to get them on unemployment, and some number of those people will probably be able to go back to their jobs in the near-ish future. Probably. So as bad as the numbers are going to be, the unemployment rate could shoot way up and then fall to half or less of that in relatively short order.

All depending on how things go, obviously.

yeah, it's hard to tell at this point. underemployment claims will be included there, for people who still have jobs but can't go to work, and some states (Virginia being one) are allowing people to file unemployment claims if they have jobs and were scheduled for hours but couldn't report due to being quarantined due to being sick.

however I do think it is pretty clear that the unemployment rate will definitely increase even after the situation is dealt with. there are definitely jobs that are eliminated that aren't returning. not to mention that if this situation drags on like 6 or more months, it won't really matter how 'permanent' the numbers are. nobody will be able to pay bills.

my job's safe at the moment but the thought I just had is ...once they shelter in place in every state that we have an office, I'll only be able to train people who are taking calls from home. we can't completely shutter as we handle people's benefits and they're going to need to call, but I could see them using less of us.

My job is "safe", my company can continue our work for the most part. But if we start losing clients, I could easily imagine myself floating to the top of the list for layoffs. Not sure if it makes sense to start applying to other jobs just in case or what. I doubt Tina of hiring is really happening.