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1994 Toyota Celica posted:lol, retirement retirement is going the way of the pension lol
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Mar 29, 2019 13:40
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Goon Danton posted:Financialization means more and more money looking for investments, and more demand means prices go up. Since bonds are sold as "pay X now for $1000 (or however much) later," X going up means the yield goes down. I see. So the fact that the stock market has trended strongly upward during the same time is related. It's what we would expect to see, as financialization is also driving up the price of stocks. Right?
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Mar 29, 2019 14:00
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Finicums Wake posted:it's extremely unevenly distributed, was my point Also I flat out had conservatives tell me I was twisted and insane for framing inheritance as an unearned handout in direct opposition to equal opportunity. It wasn't like "gently caress you how dare you," they were genuinely confused how you start with the same premise that receiving money you didn't earn is bad and come to the conclusion that large inheritances was bad. Knight fucked around with this message at 14:49 on Mar 29, 2019 |
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Mar 29, 2019 14:43
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the boomer bloodsucking vampires will live forever by literally drinking their children's blood
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Mar 29, 2019 14:45
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lyft makes its way to the stock market today at 10:30AM. real curious to see how that turns out
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Mar 29, 2019 14:53
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punished milkman posted:lyft makes its way to the stock market today at 10:30AM. real curious to see how that turns out I wonder how many Uber drivers who are only sticking around because STOCK OPTIONS will quit if the Lyft trial balloon sinks like a rock
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Mar 29, 2019 14:54
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EugeneJ posted:I wonder how many Uber drivers who are only sticking around because STOCK OPTIONS will quit if the Lyft trial balloon sinks like a rock yeah I'm sure stock retention is the motivating factor for people driving for Uber
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Mar 29, 2019 15:01
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gradenko_2000 posted:I saw a talk from Yanis Varoufakis where he said about the same thing: Way back in the day there was a guy that used to post in d&d who was in finance. His would fervently argue that commodity derivatives, oil in this case, had no impact on the price of the underlying commodities using as an example how making bets on whether it will rain has no impact on the actual outcome. I will reiterate he did this for a living
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Mar 29, 2019 15:12
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Acelerion posted:Way back in the day there was a guy that used to post in d&d who was in finance. Haha I remember this guy, and I wasn't learned enough at the time to know any better, sounds so ridiculous now.
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Mar 29, 2019 15:34
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if there was a wall street market on whether or not it would rain, people would start dumping rain-making particulates into the air
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Mar 29, 2019 15:45
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Yoshi Wins posted:I see. So the fact that the stock market has trended strongly upward during the same time is related. It's what we would expect to see, as financialization is also driving up the price of stocks. Right? It's a function of interest rates. Interest rates are really low ROI on a bond is going to be really low. Low interest rate means the cost of borrowing is low so you can go gamble it away on potential huge returns vs letting it sit and accumulate a little bit at a time. The base price of a bond also changes as interest rates increase/decrease. I think the price of a bond falls as the interest rate increases since that makes your bond less valuable because a new bond would be more likely to net you a slightly higher return. Edit: So if interest rates are high....like they were in the 80s....the demand for bonds is going to very high since the return is already baked into the bond. Unlike a stock when you buy a bond (outside of bankruptcy since bonds are honored before stocks and various other things) most of the risk/return is right in front of you. rex rabidorum vires fucked around with this message at 16:09 on Mar 29, 2019 |
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Mar 29, 2019 16:04
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comedyblissoption posted:if there was a wall street market on whether or not it would rain, people would start dumping rain-making particulates into the air so what you're saying is we need to financialize climate change futures
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Mar 29, 2019 16:07
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gradenko_2000 posted:so what you're saying is we need to financialize climate change futures Carbon tax credits aren't far off from this already
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Mar 29, 2019 16:26
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1994 Toyota Celica posted:lol, retirement i plan on dying at my desk after pulling back to like 20 hour weeks sometime in my 60s it just doesn't make good financial sense to quit working during my most valuable per-hour labor years as a white collar worker
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Mar 29, 2019 16:42
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H.P. Hovercraft posted:i plan on dying at my desk after pulling back to like 20 hour weeks sometime in my 60s I'll probably die like I lived: at the bench in my lab.
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Mar 29, 2019 16:45
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Tiberius Christ posted:the boomer bloodsucking vampires will live forever by literally drinking their children's blood it's actually worse than that - more recent research has indicated that simply getting transfusions of younger blood doesn't really do anything what you actually need to do is be hooked up to the circulatory system of a younger set of organs for some time, the transfusions were just a weak attempt at imitating parabiosis
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Mar 29, 2019 16:47
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punished milkman posted:lyft makes its way to the stock market today at 10:30AM. real curious to see how that turns out lyft at fuckign $85 a share lmfao
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Mar 29, 2019 17:17
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Kobayashi posted:Jist got two push notifications that the CEO of Wells Fargo is out and the #2 at Morgan Stanley is out. Seems normal.
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Mar 29, 2019 17:20
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SKULL.GIF posted:lyft at fuckign $85 a share lmfao Goon project let's buy the majority of Lyft shares and then gently caress around w it
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Mar 29, 2019 17:22
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H.P. Hovercraft posted:i plan on dying at my desk after pulling back to like 20 hour weeks sometime in my 60s my boss is like 70-something and probably never going to retire. also work with a lot of consultants in their 70s+ that just do some independent work whenever. ~~~experience~~~~
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Mar 29, 2019 17:25
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SKULL.GIF posted:lyft at fuckign $85 a share lmfao I mean it's dropping fast as bag holders want to not be bag holders
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Mar 29, 2019 17:26
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great! pops 20%, now all the VC money can exit with a great big profit and leave the retail investors with the bag. another win for capitalism!
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Mar 29, 2019 17:34
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SKULL.GIF posted:lyft at fuckign $85 a share lmfao ive dabbled in short-term robinhood before, and these ipos generally seem to follow a same trend: for about a week they rocket a bit up from IPO price because FOMO and everyone else thinking they're getting on this great new momentum, then around 5days later it starts falling because buyers remorse and ohgod this company is actually bad and panic sets in and it drops below ipo and just sits there very slowly declining forever awaiting The Big Crash. if you wanted to make an easy hundo bucks to a grand, momentum trading out the gate can give you a cool 10% roi in a few days, though youd have to pay short-term cap gains.
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Mar 29, 2019 17:35
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btw it's written into these IPOs that the VCs 1. get to sell their shares first. 2. have a literal guaranteed return in the contracts 3. employees and founders are in a lock out period where they can't sell their stock 4. employees are barred from buying options on the stock to hedge (even if you know the company is a house of cards)
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Mar 29, 2019 17:39
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Xaris posted:ive dabbled in short-term robinhood before, and these ipos generally seem to follow a same trend: for about a week they rocket a bit up from IPO price because FOMO and everyone else thinking they're getting on this great new momentum, then around 5days later it starts falling because buyers remorse and ohgod this company is actually bad and panic sets in and it drops below ipo and just sits there very slowly declining forever awaiting The Big Crash. if you wanted to make an easy hundo bucks to a grand, momentum trading out the gate can give you a cool 10% roi in a few days, though youd have to pay short-term cap gains. this is what people mean when they say buy the rumor sell the news
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Mar 29, 2019 17:40
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SKULL.GIF posted:lyft at fuckign $85 a share lmfao Lol it's been steadily declining since
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Mar 29, 2019 17:48
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Jel Shaker posted:lol, why would anyone buy a Boeing plane ever again too big to fail? more like too big to bail
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Mar 29, 2019 17:51
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Xaris posted:ive dabbled in short-term robinhood before, and these ipos generally seem to follow a same trend: for about a week they rocket a bit up from IPO price because FOMO and everyone else thinking they're getting on this great new momentum, then around 5days later it starts falling because buyers remorse and ohgod this company is actually bad and panic sets in and it drops below ipo and just sits there very slowly declining forever awaiting The Big Crash. if you wanted to make an easy hundo bucks to a grand, momentum trading out the gate can give you a cool 10% roi in a few days, though youd have to pay short-term cap gains. yeah it’s important to know when the lockout dates for employees expire because that’s usually your first big dip
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Mar 29, 2019 17:51
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Karl Barks posted:great! pops 20%, now all the VC money can exit with a great big profit and leave the retail investors with the bag. another win for capitalism! I wanna see who's left holding the bag and how many of em are like government entities
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Mar 29, 2019 17:52
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coinciding with these IPOs there's a big ad push in downtown SF from a company that wants to buy shares off private startup employees and roll them into an investment fund aimed at public (not HNW) investors. I find it a bit suspicious with regard to securities laws but maybe I just don't have the right disruptor mindset.
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Mar 29, 2019 17:54
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Karl Barks posted:btw it's written into these IPOs that the VCs yeah the IPOs are the current owners of the company (in this case the VCs and other early investors) or the company itself putting shares in escrow with whatever investment bank is managing the IPO then the investment bank sells those shares at a set price to other investors. if they dont line up buyers for every share they are usually on the hook. the shares that are sold at $72 or whatever the "IPO Price" was were almost certainly all already spoken for before today. the price shoots up because people who werent connected enough to get in on the $72 price still want it and buy them on the market. one fun part is that the bank has an incentive to undervalue the stock so that the company receives $72 minus commissions per share and their own customers who get first access to the shares get to immediately sell them for a profit. basically taking money from the company and giving it to their own buddies who hold on to the shares for less than a day lol
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Mar 29, 2019 17:55
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seriously whos buying this stuff and why. lyft is a sinkhole of massive losses and they will never turn it around, what the gently caress
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Mar 29, 2019 17:59
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Rex-Goliath posted:yeah it’s important to know when the lockout dates for employees expire because that’s usually your first big dip yeah definitely. usually 180-days but sometimes can be longer.
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Mar 29, 2019 17:59
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mila kunis posted:seriously whos buying this stuff and why. lyft is a sinkhole of massive losses and they will never turn it around, what the gently caress it doesn't matter it's a sinkhole. tesla is a flaming dumpster fire and people love it. same for twitter et al. what matters is the perception that people have and most people think tesla and lyft and uber are some great thing. and then you can get into perception of perception of ad nausea. also stocks have no realworld bearing on company performance or economy, which we all know but bears repeating because just because a company sucks rear end doesn't matter. and remember, lots of rich elite hold keys to pension and retirement funds so even if it's a massive toxic asset, they can still get out with da profits and throw it on the backs of CalPers and poo poo when economy tanks.
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Mar 29, 2019 18:01
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we regret to inform you that the aglorithms already bought up all the options for the lock out date
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Mar 29, 2019 18:01
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Azuth0667 posted:Aren't those the planes that don't work unless you buy the DLC? its all horse armor's fault
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Mar 29, 2019 18:18
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comedyblissoption posted:if there was a wall street market on whether or not it would rain, people would start dumping rain-making particulates into the air I might be confusing myself but I remember a doomsday story which predicted that banks found that they could shoot high powered lasers around the globe to “beat” the market by milliseconds , except the lasers heated up the atmosphere until everything was on fire/dead
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Mar 29, 2019 18:36
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Jel Shaker posted:I might be confusing myself but I remember a doomsday story which predicted that banks found that they could shoot high powered lasers around the globe to “beat” the market by milliseconds , except the lasers heated up the atmosphere until everything was on fire/dead financial firms have already been using private microwave radio transmission relays for years lol. meaning they already hit the speed of light in air moving in a relatively straight line. a laser signal would have a higher bandwidth though https://arstechnica.com/information-technology/2016/11/private-microwave-networks-financial-hft/ Shear Modulus fucked around with this message at 19:07 on Mar 29, 2019 |
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Mar 29, 2019 19:03
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Shear Modulus posted:financial firms have already been using private microwave radio transmission relays for years lol. meaning they already hit the speed of light in air moving in a relatively straight line. good news: we've perfected using quantum entanglement to transmit messages faster than light bad news: only works with stocks
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Mar 29, 2019 19:19
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Epic High Five posted:good news: we've perfected using quantum entanglement to transmit messages faster than light back to the future, but he just uses it to make better stock trades
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Mar 29, 2019 19:20
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