|
I want to believe.
|
#
?
Aug 24, 2015 13:52
|
|
|
|
| # ? May 24, 2024 13:10 |
|
|
Eh, I'll believe it when the housing bubble bursts. 
|
|
#
?
Aug 24, 2015 14:13
|
|
|
2 year boc yields are at the lowest of all time. Mortgage rate cut coming up lol
|
|
#
?
Aug 24, 2015 14:19
|
|
|
Now would also be a great time to  buy a luxury car with an 84 month lease
|
|
#
?
Aug 24, 2015 14:20
|
|
|
http://www.bloomberg.com/news/articles/2015-08-24/deutsche-bank-says-rout-very-serious-as-growth-outlook-dimsquote:Deutsche Bank Says Rout ‘Very Serious’ as Growth Outlook Dims loving lol if you think your new NDP government is going to figure out a way out of this.
|
|
#
?
Aug 24, 2015 14:25
|
|
|
Omfg, opening bell is suspended
|
|
#
?
Aug 24, 2015 14:27
|
|
|
https://twitter.com/Tripp_Law/status/635809500050628608 MT @CBCAlerts: #Dow plunge accelerates after opening bell, down more than 1,000 points. #TSX down more than 750.
|
|
#
?
Aug 24, 2015 14:44
|
|
|
jm20 posted:https://twitter.com/Tripp_Law/status/635809500050628608 The TSX is just dropping like a stone. It's already at -5% and dropping. Edit: Holy gently caress in the time it took to post that it's already gone to -5.5%.
|
|
#
?
Aug 24, 2015 14:47
|
|
|
I'm curious if the market correction will lead to margin calls or sufficient unease to spook the housing bubble. Actually it will probably make it worse with real estate is the only safe investment.
|
|
#
?
Aug 24, 2015 14:52
|
|
|
Yup, people are panicking. This will be a historic day. Also, holy gently caress, 5 trillion lost globally since August 11th?
|
|
#
?
Aug 24, 2015 14:53
|
|
|
Okay the TSX is leveling off and regained some ground. We are only at -4.5% now...
|
|
#
?
Aug 24, 2015 15:01
|
|
|
Haha holy loving poo poo is the panic real, this is much worse than last year. Don't even remember a recent time where the S&P500 has moved this fast in any direction. EDIT: World Index down by over 5%, fully expecting at least one suicide before the NYSE closes. MiddleOne fucked around with this message at 15:09 on Aug 24, 2015 |
|
#
?
Aug 24, 2015 15:01
|
|
|
I wonder how low the dollar will fall? Down to 73 cents by Friday?
|
|
#
?
Aug 24, 2015 15:13
|
|
|
jet sanchEz posted:I wonder how low the dollar will fall? Down to 73 cents by Friday? Actually the dollar is skyrocketing up. It's just gained a full cent in the last hour. 
|
|
#
?
Aug 24, 2015 15:14
|
|
|
Shadoer posted:Actually the dollar is skyrocketing up. It's just gained a full cent in the last hour. That is not going to help my already-flaming international holdings.
|
|
#
?
Aug 24, 2015 15:30
|
|
|
quote:https://twitter.com/LBobak/status/635816037628407808 quote:https://twitter.com/TommieWho/status/635821348766527489 quote:https://twitter.com/RazorForex/status/635821138828914688
|
|
#
?
Aug 24, 2015 15:34
|
|
|
"hmm, better login to Waterhouse and see what all the hullabaloo is about..." Five minutes later: "hmm, good thing that TFSA only had 5k invested in it since half of it just fuckin' vanished."  Lawl at China, I hope this is the opening salvo of a 2008 repeat on speed.
|
|
#
?
Aug 24, 2015 15:38
|
|
|
Rime posted:"hmm, better login to Waterhouse and see what all the hullabaloo is about..." Same. I just started on the tfsa thing and I think there is (or was) only 2 grand in it. /shrug
|
|
#
?
Aug 24, 2015 15:40
|
|
|
Rime posted:"hmm, better login to Waterhouse and see what all the hullabaloo is about..." Lets hope not, Europe would loving burn.
|
|
#
?
Aug 24, 2015 15:42
|
|
|
Xoidanor posted:Lets hope not, Europe would loving burn. Good. Maybe this time they'll remember why they invented the guillotine.
|
|
#
?
Aug 24, 2015 15:47
|
|
|
Xoidanor posted:Lets hope not, Europe would loving burn. I don't think it's a repeat of 2008, but while the American markets have rallied a bit... the European markets are still really bad. Like Greece's stock index is still at a loss of 6% bad.
|
|
#
?
Aug 24, 2015 15:49
|
|
|
Stop encouraging a European stock disaster, they are a great growth vehicle 
|
|
#
?
Aug 24, 2015 15:49
|
|
|
The stock markets are too risky. Invest in stable real estate.
|
|
#
?
Aug 24, 2015 15:52
|
|
|
Mortgage rates are going to get interesting next month at this pace.  S&P has climbed back half of the opening dip already. I honestly have no idea where this is going anymore.
|
|
#
?
Aug 24, 2015 16:00
|
|
|
Xoidanor posted:Mortgage rates are going to get interesting next month at this pace. It all depends on WTF the actual numbers on China's GDP growth actually are, if they are in recession, and what their real unemployment figures are.
|
|
#
?
Aug 24, 2015 16:02
|
|
|
Xoidanor posted:Mortgage rates are going to get interesting next month at this pace. Good news, then! Neither does anyone else. I'm guessing there's a bunch of people that have already poo poo their pants in the first few minutes of trading when the DJIA was down over 1000 points and sold a whole bunch of stuff at a loss, and I'm guessing there are a lot of people that will end the day in a much better position than they started due to taking advantage of panic selling. But who really knows?
|
|
#
?
Aug 24, 2015 16:06
|
|
|
This is why financial speculation is absolutely loving idiotic and dangerous and should be abolished. All that money, lost, vanished, but to loving where? It was all illusions and smoke and lies if that much value can just straight up and disappear without actually going anywhere. What loving real value has it brought to the world other than shifting data around and playing this insane shell game of number manipulation?
|
|
#
?
Aug 24, 2015 16:30
|
|
|
Brannock posted:This is why financial speculation is absolutely loving idiotic and dangerous and should be abolished. All that money, lost, vanished, but to loving where? It was all illusions and smoke and lies if that much value can just straight up and disappear without actually going anywhere. What loving real value has it brought to the world other than shifting data around and playing this insane shell game of number manipulation? I agree. Let's switch to code:
|
|
#
?
Aug 24, 2015 16:32
|
|
|
https://www.youtube.com/watch?v=Q6e2B3zH87M
|
|
#
?
Aug 24, 2015 16:42
|
|
|
Days like today are the reason you keep some cash in your trading account.
|
|
#
?
Aug 24, 2015 16:45
|
|
|
Yo, if you think this is all over, I think you're mistaken.
|
|
#
?
Aug 24, 2015 16:57
|
|
|
Behold, the horrors of renters!!! http://www.torontolife.com/informer/features/2015/08/20/jesse-gubb-the-tenant-from-hell/
|
|
#
?
Aug 24, 2015 17:37
|
|
|
Combined my wife and I have lost more this month on paper than I make from my day job but idgaf i want to watch the world burn, hail satan  At least I know I'm okay with my current risk exposure!
|
|
#
?
Aug 24, 2015 17:56
|
|
|
triplexpac posted:Behold, the horrors of renters!!! Check out the comments for a wonderful bit of schadenfreude
|
|
#
?
Aug 24, 2015 17:59
|
|
|
I'm not even going to check on my investments, investments are long term deals I only care how they'll look in 20-30 years from now.
|
|
#
?
Aug 24, 2015 18:01
|
|
|
Baronjutter posted:I'm not even going to check on my investments, investments are long term deals I only care how they'll look in 20-30 years from now. More people should do this, it's a good idea!
|
|
#
?
Aug 24, 2015 18:04
|
|
|
Baronjutter posted:I'm not even going to check on my investments, investments are long term deals I only care how they'll look in 20-30 years from now. Yeah that's a good idea. Odds are if you wait they'll recover. Right now.... yeah things are pretty dark.
|
|
#
?
Aug 24, 2015 18:06
|
|
|
Remember when Bitcoins crashed because a goon posted SELL SELL SELL on their forums?
|
|
#
?
Aug 24, 2015 18:08
|
|
|
Brannock posted:This is why financial speculation is absolutely loving idiotic and dangerous and should be abolished. All that money, lost, vanished, but to loving where? It was all illusions and smoke and lies if that much value can just straight up and disappear without actually going anywhere. What loving real value has it brought to the world other than shifting data around and playing this insane shell game of number manipulation? While I agree there is too much speculation going on (for a variety of reasons), I have to disagree if you're calling for an end to the stock market. People get caught up in the financial scandal stories and the worry over obscure trading instruments, but the basic premise and purpose of the stock market is sound and needed. The premise of the stock market is to allow people to put a value or price on companies. We know how many shares there are, but people have wildly different views on what the value of each share is. If I think that doodad maker ACME is going to grow like crazy over the next decade I price in the expected future value of that growth into what I believe each share is worth. If another person thinks that the growth is wildly overstated and in fact the company is going to shrink, they assign a low value per share. Who is right? The stock market is our means of coming to a consensus as a larger communty on what the value of the company is. Now what happened in today's events? People as a group came to the conclusion that the expected future value of the companies are much less the expected and thus the price is lower. They want to sell at the higher price but find no takers. So they lower the price until they do have takers. The problem is everyon is doing this at once. The value lost or gained in the stock market isn't magically disappearing. The value lost or gained is based on the consensus of expected future outcome; we just have lowered expectations of the near future. As for volitility, where things do break down and there is a problem is in the options markets and other complex financial instruments. There is a ton of dark money that's floating around in the form of hedges and options and so forth. The purpose of all this money is to provide some protection to traders and allow them to manage risk. However, it can exacerbate moral hazard and temporarily obscure market issues leading to greater volitility. On the other hand being unable to hedge risk could cause more damage than the larger swings that the extra money is causing. At least in my opinion.
|
|
#
?
Aug 24, 2015 18:10
|
|
|
|
| # ? May 24, 2024 13:10 |
|
|
apatheticman posted:Check out the comments for a wonderful bit of schadenfreude Glossing over the insurance inspector who was either blind or on the take was the high-point for me.
|
|
#
?
Aug 24, 2015 18:12
|
|