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Grouchio posted:I wonder which lovely companies are running around on fire now that the DOW lost a third of its shares.  No. But we can pretend like it will be. That's half the fun!
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Mar 16, 2020 23:09
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Solice Kirsk posted:
He said smugly, as if he could predict the future with uncanny accuracy.
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Mar 16, 2020 23:18
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Someone called this earlier lol. loving pathetic company, pure tax grift.
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Mar 16, 2020 23:25
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raminasi posted:My 62-year-old mother was lamenting on the phone to me last night how much retirement money she lost and how she's gonna have to work forever now. I asked her why she didn't have most of her money somewhere safer. Three months ago you'd have been telling her she was a fool not having her money in the stock market. Genuinely, where should your 62 year old mother have been keeping her money?
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Mar 16, 2020 23:28
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1st_Panzer_Div. posted:Someone called this earlier lol. loving pathetic company, pure tax grift. Yeah but at the same time long BA because for some reason we’re going to give them $50 billion, right?
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Mar 16, 2020 23:31
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Grouchio posted:I wonder which lovely companies are running around on fire now that the DOW lost a third of its shares. Can someone please explain how the DOW losing value would affect a given company, besides demand and supply issues? Why would lovely companies be more worried in this scenario than non-lovely ones?
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Mar 16, 2020 23:31
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Why do we still talk/care about the DOW?
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Mar 16, 2020 23:35
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Splinter posted:Why do we still talk/care about the DOW? I personally track the SP500 most of all the indices, not that I have a great reason why.
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Mar 16, 2020 23:35
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Tokyo Sex Whale posted:Yeah but at the same time long BA because for some reason we’re going to give them $50 billion, right? Yeah, we are. Too much at stake for the DoD.
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Mar 16, 2020 23:44
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Inner Light posted:I personally track the SP500 most of all the indices, not that I have a great reason why. s&p is better because it is cap weighted and tracks 500 companies. the dow sucks because it's price weighted and tracks 30 companies.
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Mar 16, 2020 23:45
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Splinter posted:Why do we still talk/care about the DOW? Cuz that is what people on the fuckin TV talk about for ... reasons ...
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Mar 16, 2020 23:45
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Illuminti posted:Three months ago you'd have been telling her she was a fool not having her money in the stock market.  Also, people forget that at time of retirement under a traditional glidepath, you still have 50% equities, not like 10%. A drop like this to 50% of your assets is still a kick to the dick is it not?
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Mar 16, 2020 23:46
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I’ve got $10k to drop somewhere. What do
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Mar 16, 2020 23:50
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Tokyo Sex Whale posted:Yeah but at the same time long BA because for some reason we’re going to give them $50 billion, right? Yes yes and yes .But I wish we wouldn't. I'd wait until after earnings though.
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Mar 16, 2020 23:55
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$3k here - don't know what to do with it now. I'm wondering where the bottom for $AAPL is. Some guys on WSB are saying $210 puts, but break even right now $192. Bought some Best Buy puts - $BBY $47.5p 4/17. They've been going down. Unfortunately I bought at the peak down today (5.90 per contract) and now its 3.82, so I'm down $416, but I think they're gonna suffer a lot in the coming months. But I only bought two contracts.
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Mar 16, 2020 23:55
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poisonpill posted:I've got $10k to drop somewhere. What do Wait for another dumb pump then buy SPY puts expiring a few weeks out like the rest of us?
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Mar 16, 2020 23:56
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Cramer on Mad Money advocating for closing the markets for a while
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Mar 16, 2020 23:57
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pmchem posted:Cramer on Mad Money advocating for closing the markets for a while He probably got margin called and just doesn't want to pay up
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Mar 16, 2020 23:58
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pmchem posted:Cramer on Mad Money advocating for closing the markets for a while Lol how many margin calls did he get? He's probably down millions of dollars.
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Mar 16, 2020 23:58
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Bored As gently caress posted:$3k here - don't know what to do with it now. I was at Best Buy this weekend and monitors were nearly out of stock, presumably due to work from home initiatives. That being said, Q3 looks dire after everyone dies in the streets at the end of Q2
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Mar 16, 2020 23:59
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poisonpill posted:I’ve got $10k to drop somewhere. What do Put it in a savings account.
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Mar 17, 2020 00:05
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Bored As gently caress posted:$3k here - don't know what to do with it now. Best Buy and Microcenter were packed to the rafters with WFH people buying computer equipment and bored students building gaming PCs. Microcenter had to impose purchase limits on PCs and monitors. I wonder if this drives a big push from the employees who have been asking for telecommuting forever and some of these people just don't return to the office when this is over.
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Mar 17, 2020 00:06
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pmchem posted:Cramer on Mad Money advocating for closing the markets for a while That seems like a recipe to cause bank runs
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Mar 17, 2020 00:06
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DOW 20,000! again
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Mar 17, 2020 00:07
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what is the actual case for closing the market other than preventing a bunch of people from getting margin called and or losing paper money
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Mar 17, 2020 00:08
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pmchem posted:Cramer on Mad Money advocating for closing the markets for a while What the gently caress lol. Completely crater what's left of any confidence in a functioning economy.
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Mar 17, 2020 00:09
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Agronox posted:That seems like a recipe to cause bank runs The funny thing is that most people wouldn't even notice if the markets closed, but the MSM would do their best to send them into a panic anyway.
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Mar 17, 2020 00:09
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Inner Light posted:
You're right, I shouldn't be so hard on her! 
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Mar 17, 2020 00:10
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one benefit of this, I've stopped getting the 1-2 tinder matches from china trying to get me to invest in random altcoins each week
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Mar 17, 2020 00:14
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How do people feel about Amazon now (or soonish)? I'm starting to think that this is a new phase of commerce/shopping moving online and that some of that business wont ever go back to brick and mortor. New people are surely going to start checking online for things that are sold out of their local stores before driving there. AMZN is struggling with keeping things in stock right now, but surely their competition isn't going to fare better due to any superior supply chain; Amazons has to be top notch. But unlike their competitors, amazon can onboard new people to ordering pantry type items, and things like grocery delivery. Having tried grocery delivery myself for the first time a few months ago, it's pretty great and even though I never thought I needed it before I tried it, it's pretty sticky. People are going to try out these things in droves and significant amounts of those types of purchases are going to be stolen eternally from walmart. Those 100k workers they're hiring and the raises they're giving their warehouse workers aren't due to benevolence. I suspect they have numbers internally that show that this will be needed for this new expansion.
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Mar 17, 2020 00:21
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KYOON GRIFFEY JR posted:what is the actual case for closing the market other than preventing a bunch of people from getting margin called and or losing paper money (Not my argument, but this is the one I've heard that makes the most sense) The market is going down primarily because of unknowables and not because of any specific systemic weakness. Stocks were at all time highs before this started, and absent this unknowable, would likely still be. If we're essentially shutting down the economy for some period of time, it makes sense to shut markets for that same amount of time. At that point the market will know much more about the extent and duration of the virus' impact, so traders can make educated decisions as opposed to the current pure guesses.
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Mar 17, 2020 00:24
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What the gently caress is this chart? Everything there's some drift up there's a sudden gap down. Look at this loving oscillator. 1 min /ES for the last hour or so: 
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Mar 17, 2020 00:24
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https://forums.somethingawful.com/showthread.php?threadid=3912152&perpage=40&pagenumber=1306#post503359484 horrifying study out of the U.K. on COVID measures needed that explains some recent USGOV actions
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Mar 17, 2020 00:32
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pmchem posted:https://forums.somethingawful.com/showthread.php?threadid=3912152&perpage=40&pagenumber=1306#post503359484 Scrolling through this thread reminds me of why I never go into that subforum
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Mar 17, 2020 00:50
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It’s sucks working at a major firm right now. My clients are pissed and everyone is freaking out, rightfully so.
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Mar 17, 2020 00:53
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Josh Lyman posted:What the gently caress is this chart? Everything there's some drift up there's a sudden gap down. Look at this loving oscillator. And here I am at work thinking etrade is lagging, shits weird
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Mar 17, 2020 00:54
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a cat posted:How do people feel about Amazon now (or soonish)? Amazon is on my list of companies that I'm ready to re-enter the stock trading game for. With free trades, you may as well just slowly DCA in over the next couple of months. I don't really see a catalyst for anything until we know more, but in the end Amazon will be fine and probably gain some new customers out of this, and weather any storm on the horizon.
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Mar 17, 2020 01:11
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Ur Getting Fatter posted:He probably got margin called and just doesn't want to pay up He can't trade outside charity management, he's lifelong banned. I think he's right, closing a few weeks eliminates the chance if a full implosion, and while that's unlikely, why take a chance? The basic idea is that if society has to pause, so should the markets. It would also allow time to ban ridiculous etfs, robinhood, etc. The counter argument is oil war and the dollar. The oil war being a very strong arguement. Fake edit: am a micro economist not macro, so this is way outside my comfort zone 1st_Panzer_Div. fucked around with this message at 01:16 on Mar 17, 2020 |
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Mar 17, 2020 01:13
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1st_Panzer_Div. posted:He can't trade outside charity management, he's lifelong banned. okay I only passingly know of him, I don't really follow the major market people, is there a good story behind his ban?
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Mar 17, 2020 01:22
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pmchem posted:Cramer on Mad Money advocating for closing the markets for a while He's losing his shirt  edit: he's banned? Like the "book" from Casino that Joe Pesci gets placed in?BlackMK4 posted:Scrolling through this thread reminds me of why I never go into that subforum You're right. Resentful and angry people with mommy and daddy issues.
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Mar 17, 2020 01:29
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