/biz/ - Business & Finance

>>12230505
anime feet!

First for the market rally in 2019.

I'm in vanguard. I'm used to checking my positions once or twice a month.

Fucking hell, this downturn came on fast and strong.

The only thing that matters is getting to space. Everything else is a distraction.

You guys are real fucking gay.

THE YIELD CURVE BARELY INVERTED YET
AND IT'S CHRISTMAS
STOP FUCKING CRASHING YOU NIGGER KIKE FAGGOT
REEEEEEEEEEEEEEEEEEEEE

>>12230550
Not entirely unreasonable. Having nuclear weapons and their delivery system (ICBMs are easily converted from carrier rockets) stops you from getting bullied by other nuclear powers.

>>12230550
>being elon musk
>not being teddy
it's like you're not even trying

>>12230581
That's not really why we need to get to space. We need to get to space because:
"No matter how sophisticated we considered ourselves to be, once the number of individuals capable of filling roles greatly exceeded the number of roles, only violence and disruption of social organization can follow. ... Individuals born under these circumstances will be so out of touch with reality as to be incapable even of alienation. Their most complex behaviors will become fragmented. Acquisition, creation and utilization of ideas appropriate for life in a post-industrial cultural-conceptual-technological society will have been blocked."

Only space colonization will allow us to create more social roles in society. It's already too late to depopulate. The social pathologies that develop in overpopulation have already cemented themselves.

Or in other words,
Ted Kacynzki was right.

>>12230625
>it's too late to depopulate
That's where you're wrong, kiddo

Anyone still long?

>>12230636
If you actually read the studies by Calhoun, it is. It is far, far too late. Once social pathology has gripped humans they will be unable to return to the customs and work that used to uphold society, and society will continue to plummet. In the next 100 years, we're either going to see humankind reach the stars, or we're going to see our own self-made extinction.

>>12230645

ofc

>>12230645
People about to lose everything are, probably.

>>12230645
CHEAPIES
WE BUY UGGA UGGA

>>12230625
See The Mouse Utopia experiment. You think the government didn't know about this beforehand?

>>12230645
Lost too much in my mutual fund to cash out now. In it for the long haul (10-15 yrs) now. It's gotta come back up, right smog?

guys trump is giving us all with this crash a chance to go rags-riches like he did. merry Christmas Mr President

>>12230645
Sure. I have a high risk tolerance. No risk no reward.

>>12230625
Based teddy poster
Ofc he was right, it's most enlightening read of our time

>>12230689
In the long run companies make profit, so yes.

>>12230574

The timing of this is all really bad. Fed shitpost mid December with more hawkish sentiment than hoped for if not unanticipated. December is tax loss sell season, which means positions that might have been held in questionable market conditions any other time of year were dumped. Two good solid red days, 21st and 22nd, followed the fed shitpost 'let's just break support like it's so much damp toilet paper' dump day, December 19th. Fed shitposts would not have been so bad if there wasn't so this recent flair up over trade between US and China. Then Canada had so fucking arrest Huawei CFO. More panic. Treasury calls emergency meeting, says banks say they're fine as far as liquidity goes, doesn't matter, panic panic panic.

Anyway, fourth market session after Fed shitpost was Christmas eve. Usually Christmas eve is low volume nothing day. I thought it would be a doji. Instead more panic selling and heavy short volume with a half day session, less time to respond for the bulls. Anyone with the kind of money to really move the markets in a bouncy kind of way is not going to want to enter on Christmas eve as any momentum gain there would likely be lost for the 26th.

Japan responded to this deep red by dumping harder for... reasons. I'm going through the news articles about the Nikkei session here and none of them are saying it has much if anything to do with anything domestic to Japan. They're just dumping because US is dumping, apparently. It's all so, so dumb.

>>12230778
>It's all so, so dumb.
Reality isn't what matters. What people think is real matters.

It doesn't matter if we're not going into a recession, if people think we're going into a recession, then they'll act like we are, and then we will.

>>12230807
I hope all the zombie companies get purged and we get a fresh start. I welcome this recession. Purge the rot.

>>12230645
>Anyone still long?

In the sense that I still have positions, yes. Canada is closed on Wednesday so I can't trade most of my stuff until Thursday. I am somewhat relieved about that as it will give me a clearer picture of what the US is doing while my positions are frozen in closed market. Which isn't to the say if Wednesday is bad for US, Canada won't have mass gap down open on Thursday. We'll see how it shakes out.

I am prepared to exist all positions at open on Thursday is need be. My concern is indices are heavily oversold at this point and due for a bounce even if it's a bull trap, which makes the timing tricky.

>>12230645
Does only having money in inverse leveraged ETFs count as long?

>>12230550
Wrong!

The only thing that matters is developing benevolent AGI that can be replicated infinitely. Everything else is a distraction/ can come after.

>>12230778
>No reason
What is "the entire economy is a bubble ponzi scheme based on debt and we're seeing what happens because of that now.

>>12230778
The Fed is the only thing I've seen the market definitely react to.

Aside from them almost every event that has been blamed for tanking the market has been speculation. Media articles will blame damn near anything so that they can write fresh articles and take shots in the dark.

No one really knows whats going on.

>>12230863
>the entire economy is a bubble ponzi scheme based on debt and we're seeing what happens because of that now.

If that was the case, banks should be starting to fold right now. US banks are saying they're fine.

Man, I'm so fucking fucked

How to make robinhood snow

>>12230646
the bubonic plague seemed to fix things up when the dark ages created similar conditions. after the purge came the renaissance

>>12230877
just like last time eh?

>>12230884
At least it cant get any worse

>>12230778
Don't forget
Oil fell by 6.71% in a single day
From $50 to $42

>>12230926
I could always get laid off and saddled with the massive amount of debt that I racked up while migrating to the west coast?

>>12230877
The stock market bubble has been growing too large for too long. Longer than 2008. The stock market is too popular for its own good. "When the shoeshine boys are giving out stock tips, the markets are too popular."

>>12230574
>THE YIELD CURVE BARELY INVERTED YET
I FUCKING KNOW. WTF.
IT SHOULDN'T DUMP TILL THE 2YR-10YR FLIPS.

>>12230645
I'm long LCI and have puts riding on SPY.. been already made over 200% on the puts LCI will bring in another 100% long

Buy now or over the course of six months?

>>12230939
yeah but after that its smooth sailin

>>12230778
Epic and very high quality post, anon. I think this is from teh_profit

>followed the fed shitpost 'let's just break support like it's so much damp toilet paper' dump day, December 19th.
Fucking this.
Holy shit, I had totally stopped paying attention to the market for the past week and seeing this bitch at 240/250 was mind blowing.

>Treasury calls emergency meeting, says banks say they're fine as far as liquidity goes, doesn't matter, panic panic panic.
>emergency meeting
Fug. Didn't hear about that.
The liquidity is what we need to watch for though.
Perhaps the fed really may pull off a soft landing for once. I don't hear anything about horrific unemployment yet -- although there have been some decently large lay-offs lately

>Japan responded to this deep red by dumping harder for... reasons. I'm going through the news articles about the Nikkei session here and none of them are saying it has much if anything to do with anything domestic to Japan. They're just dumping because US is dumping, apparently. It's all so, so dumb.
>They're just dumping because US is dumping, apparently
If it's down 5% just because the US is dumping, then I think we're in for some circuit breakers here very soon.

Hahahahahahaha you old fuckers are about to lose everything, and I'm so happy. You guys have done nothing but ruin western civilization and limit the advancement of technology and scientific research because you're too concerned with money and wealth. You're all so fucking greedy, sitting here playing with your imaginary business deeds. I hope all of you fucking croak. Your kids won't even care, they just want your inheritance. The only thing you've been good for is making daughters that I can shove my cock into. Go fuck yourselves.

>>12230976
Takes about a year or more to recover from a bear market.
I did NOT see this shit coming. I thought bear markets were always preceded by proper, full yield curve inversions

>>12230988
Stocks have inherent value, dumbass.
Unlike buttcoins, the furthest that this shit falls from peak is about 50%

>>12230988
There is nothing wrong with wanting a better life.
>muh greed bla bla

What's the best strategy in a market like this? Should I hold, just pull out of everything and sit on cash or should I go all in on inverse ETFs?

whoops lol merry christmas bitches

>>12231021
You probably cant predict the market. Just hold and buy more.

>>12231046
>muh hodling and muh bitcoin
>hurr durr

>>12231021
Long/short, short duration bonds, volatility premium selling, and yield.

>>12231063
Do you realize this is stock market general?

>>12231096
And You do realise you offer retard-tier advice.
Advising people to catch falling knives and not stemming the bleeding.
Anyone stupid enough to follow you will be hodling for five years just to break even if they are lucky.

>>12231132
Winning is not about timing the market, but about time in the market.
99% of people cant time the market, holding and buying more is the best way for them to accumulate wealth.
Stocks go up in the long run because companies make profit.

>>I wouldn't be sure about that anon, there hasn't been any high profile default yet
You do realize 2008 actually started in late 2007, right? Lehman late 2008 was just the nailin the coffin, and even Bear Sterns was in Q1 2008. Markets didn't wait for the news to become public, it already went down far before that

holy shit i literally started investing in stocks at the peak
im down like 10-15% on my index funds already
why can i never make a good financial decision
should i just dump every stock and index im invested in and try again in a year
jesus christ i feel like a retard

>>12231042
Nice. Fucking nice job, anon.

>>12231046
This.
I was just lucky for a very long ass time, but I have no idea if the red streak really will keep up.
I think it's best just to treat this as a fire sale.

>>12231193

>>12231193
My peak was $39,500.
I'm now under 20k...

>>12231156
And what gave you the credentials to valuate a firm?
According value when the bubble just burst is financially ruinous at best,
betting on which firm would survive? Gambling to say the least.

>>12231193
Stocks are a volatile asset class, which is why in the long run they give bigger profits than "safe" investments. Investors demand a risk premium.
Invest according to your risk tolerance. Google permanent portfolio if you want a lesser risk investment strategy.
I invested in a biotech company that went down 60% in a very short time. Buying more atm. After a few years in the market you stop caring about volatility.

>>12231193
your first fall is your least fallen
life is risk and if you're unwilling to figure out what's going on in the market then pop a tranquilizer or some shit and get ready for the long spiral down
nothing's getting better until the jews (trump and the bankers in his cabinet) decides it gets better

Anyone here using degiro ? I want to buy US gov bond can I do that ? Where to find it?

>>12231193
it could be worse, you could of been experimenting with options

Wheres the guy telling people to buy PLUG at 2+? I would like to laugh at him.

>>12231193
I know that feel bro.
I was suckered into the stock market meme this summer, after everybody was telling me I was wasting opportunities keeping my money in cash and fixed deposits. "Stock market always pays higher returns in the long run"

Now I'm down nearly 20% on my index funds. Even if we get 5% growth per annum from here it's going to take ages for me just to break even. Should have just stayed in cash

Merry Christmas lad
Anyone else a christmas baby here?

>>12231255
>>12231524
thanks yes
luckily im still poor because i just recently started my neet to wagie transition and i've only been working since this summer
$3k is about everything i've been able to save and invest so far but it still hurts losing those few hundred dollars because its literally everything i own and i invested in mid/late october i.e. literally the top

>>12230539
We are not gonna make it fren.

I'm 50% up in a couple of weeks with Nasdaq and Facebook turbo short warrants. I think it's going down further personally, things are over inflated and people are still borrowing like they were in 2008. It's a pack of cards ready to tumble.

>>12231632
Read this https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/
I believe you emerge from this experience stronger.

>>12231725
I want to lick her feet!

>>12231725
wow bob is such a fucking rookie

Anyone here a self taught trader? How'd you learn?

>>12231766
Day trading cyrpto is a good way to feel things out alot better than paper trading imo due to its high voltility You will learn the importance of risk management pretty quickly and your sell targets.

>>12231632
I once gambled 2.5k away in a casino. I felt pretty stupid back then. haha. Was in bed for 3 days straight feeling shit. Now its a good story I get to tell sometimes. Got something out of that horrible choice.

> People in bull market : just hold and buy a market recovers always if you have long enough

> People in bear market: OMFG sell sell sell you're all gonna loss everthing reeee

>>12231868
Buy high sell low I always say. kek.

I think a lot of people dont have as high of a risk tolerance as they think. Investing according to your risk tolerance is the key to success. That way panic selling can be avoided.
Risk tolerance can be practiced also.

>>12231868
>> People in bull market : buy individual shares
>> People in bear market: Place Puts that will get you to the next morning profitable

>>12231004
There is if you don't earn it. Life is a zero-sum game. If you get a widget or an apple, or a spaceship, I can't have the resources it took to make those things.

>>12231965
Life is not a zero-sum game. Value can be created or destroyed. A widget can be more valuable than its parts separated and unrefined.

Work and smart resource allocation create value.

>>12231965
>Life is a zero-sum game
your brain on communism

>>12231965
I agree good things in life must be earned, meaning not stealed from others.
If you want something, make it or trade for it.

>>12232016
That value is still zero-sum. A widget used to make your life better can't make mine better in the same way. A few things of value can be shared but most can't. My underlying point you missed is that boomers took and still demand far more than the value they create. "Wanting a better life" isn't a problem until you take one without earning it

>>12232038
I'm attacking gommunism you utter simpleton

>>12231811
I won £2.50 in a casino and have never been back to one since.

>>12232176
I am not saying there is infinite value in this universe. In some forms this universe is still more valuable than in other forms. Attaining the same amount of material wealth with less work, time and other resources increases effectiveness, productivity. Increasing value has a lot to do with increasing the effectiveness at which we do things and reducing wasteful actions.
I agree that boomers demand more value than they create. Younger generations do this too.
And this is going to bite us all in the ass hard time.
https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/#472b091f65b1
Financially irresponsible people should not vote. They are children. Children do not vote.

>>12231132
>buying for growth

Never heard of dividends?

>>12232312
>Stock pensions

My portfolio was 260k at the peak a few months ago, now I've dropped to about 220k.

I'm not cashing out, I'm in this for the next 40 years. At least I make bank in dividends. Solidarity brothers, we can beat (((them))). Whatever you do do not sell lol, if you wanted to sell you should've done it while you were up. I repeat DO NOT SELL

>>12231193
Don't sell you fucking retard. I unironically cannot believe there are people actually buying high and selling low.

>>12232390
Buy high sell high is better than buy high sell low.

>>12232417
People here cant actually predict the market, should just hold and spend the dividends. Or reinvest. Buy more.

>>12232417
Of course. I sold everything that was in the green at the beginning of this shitfest. Now I'm waiting until I can feel the bottom so I can just dump it all back in and double my holdings and dividends

>>12232312
You might as well hodl bonds you utter brainlet
Payout Priority flow:
Govt/Financial institutions>>>Bondhodlesr>>>Preferred Stakehodlers>>>StockHodlers
If the issuer has just enough to pay off bonds but not dividends, you are fucked.

>>12232432
Or you can just hold for decades and watch your net value multiply while also receiving dividends. Bonds are literally for old people or people who have cashed out at the top of the dip

How does it work with dividends? Dividends are based on earnings not the price right? So technically if yield is same but stock is 7% down I'm getting same dividends right? And is yield lower when price lower or quite opposite?

>>12232452
Correct. This is why if you want dividends you invest in massive blue chips that have a steady income stream.

Guys I pulled out 50K from the market in preparation for the coming collapse about a month ago. I am in desperate need for a new vehicle however.

Should I pay in cash for a slightly used vehicles~25k or should I take a loan out knowing I will take a hit on the interest but know I can make back more with the full 50k when the market recovers?

>>12232464
Buy a second hand car for 3k max bro why do you need anything more than that give me one reason

>>12232459
What exactly is correct ? Yield stays while price drops? Or dividends stay while price drops so div % is higher to price ?

>>12232470
he's a yankoid who has been conditioned by his MK-Ultra mindmasters to value him self only on his possessions.

>>12232464
WYM hut by interest. Can they amp up interest in America lol?

>>12232470
Because there is a higher likelyhood that the vehicle will fail. I don't know a 3k used vehicles history. I currently have had a Honda which I bought in 2005 for 19k. I feel like that was a solid investment. Look how long it lasted me.

Stocks are a faith - if one believes, he will invest.

>>12232474
Dividends usually aren't reflected by stock price, dividends are determined by revenue. For example a number of my investments gave me special dividends this year due to asset sales and larger than expected profits.

>>12232487
Sure. If you know anything about cars and have automotive repair skills this isn't really an issue, but if you're completely useless don't go over 10 grand at least. You can find a relatively new car in Australia for under 10 grand so I imagine in burgerstan this would be incredibly simple. Why would you waste over half of your investment on a car?

Do it if you wish but it seems silly to me.

>>12232442
>Company goes bankrupt or gets bought out
>B-but MUH DIVIDENDSSSSSSSSSS
It will be fuckin' entertaining to say the least.

>>12232527
Which is why you invest in companies big enough where this is a very unlikely, and in the unlikely scenario that it does happen you're diversified enough for it to not really matter. relax

>>12232527
What is diversification? Can you eat it?

>>12232509
Sweet thx so I'm gonna drop more money in stocks I liked bit later. My portfolio was undervalued when I started I doubt I'll fail in 5+Y horizon. Currently am on 4.smthn % divs and I hope to get to 5-6% div

>>12232557
/biz/ is too dumb to understand stocks or dividends so don't take their advice, what you're doing sounds good

>>12232527
it's a good thing when a company you own shares in gets bought out, though

https://smallbusiness.chron.com/happens-stock-company-bought-out-65780.html

>>12232527
>>12232593
>there are people on here actually dumb enough to believe that a company's stock goes to 0 when it gets bought out

Merry Christmas, you stupid niggers

>>12232543
>Trying to diversify with an all-stock portfolio
Retard

>>12232540
Name them.
The only ones that would not tumble are MIC corps like Lockheed and Boeing.
Companies like GE, Ford, GM, Apple, Facebook, Dr. Pepper, TSLA, Intel, AMD, Merrill Lynch and Wells Fargos etc. are all on the table.

>>12232606
Comprehension ain't your strongsuit and the markets aren't for you, sod off

>>12232072
>>12231004
>>12231965
>>12232016
>>12232038
>>12232176
>>12232176
People like to assume there's a dichotomy between zero sum models and "increasing the pie" models, but it's simply not the case. The tendency for the rate of profit to fall means that unless there is an increase in exploitation and capitalists take more of the value added by labor capital will get lower and lower returns over time. Of course, many times increasing exploitation is exactly what we see and it's why so much production moved overseas.

That people live beyond their means on a systemic level first requires that there be more produced than people have money for, but this doesn't make much sense in accounting terms. Surely the value required to buy all the goods produced in an economy exists within that economy since the logic of trade entails an equivalent exchange and to the extent there is error there should be /less/ consumed than people have the money for. The reason this isn't the case is because of a systemic imbalance created between investment and consumption, capitalists investment a far greater share of their income because they can only consume so much, while workers are forced to consume more of their income since they are paid exactly in accordance to how much consumption it takes to sustain them. This contradiction is at the heart of all major capitalist crises, and it's why people can live beyond their means to begin with: the money to do so must be the result of a someone not consuming somewhere else in the economy. The result of this lack of consumption is not theft, as some people here imply, but /rent/ on the part of the capitalist who saves and invests.

>>12232620
>Comprehension ain't your strongsuit and the markets aren't for you, sod off
>Company goes bankrupt or gets bought out
>B-but MUH DIVIDENDSSSSSSSSSS

oi m8 you got a loicense for that stupidity

>>12231156
This makes sense in the abstract, if you never need to cash out. If we lived forever downturns wouldn't matter, you could just stay in the market until things were better.

In reality bills have to be paid, and eventually you need to cash out to pay for retirement. What happens to all the fucks who hold and wait until their retirement portfolio is decimated, and they're too old to stay in the workforce? Do those fucks just need "more time in the market"? If so they're fucked

>>12232620
bro what the fuck are you on about. If you have a diversified portfolio then like I said given the very unlikely situation that one of the massive companies you've invested for whatever reasons drops its dividends then you just pull out and find another one, or you just ride the annual yield. I don't think you understand what you're talking about.

>>12232575
Thx and DW I only come for memes and shitposting.

>>12232543
Food commodity stockpiles is one way of diversifying I suppose. I'm also partial to restaurant stocks.

>>12232639
The answer is a big margin of safety. Accumulate so much money that even if stocks come down you survive.
Accumulate so much that even if dividends get halved you can survive.
At times of crisis you can also cut your spending or get a part-time job.
I also pretty much assume everyone here is in the accumulation phase, not living of dividends phase.

>>12232639
How old are you talking here? I can't imagine there are many literal boomers on 4chan right now risking their retirement. Anyone reading this has literal decades to multiply their investments such that market volatility is literally irrelevant.

>>12232693
this
the vast majority of posters here are in their early to mid 20s

>>12232693
Not everyone invests just for retirement. If I want to afford a house in the next ten years it'll require investing just as much as savings and I don't think that'd be as plausible if I tank a crash.

I want 3M us bonds REEEEEEEEEEEE

>>12232717
That's a fair point. I'm holding for like 30-40 years

>>12232741
yeah in that time range it doesn't matter, but even at 10-20 years a crash or two can be devastating.

>>12232748
I've been thinking about putting a portion into 10 year bonds just because of that in case I ever decide to buy a house or land

Oh no
Dangit bedtime x.x
Bump limit of last thread hit while was asleep now chain of Christmas edition threads broken

Sorry failed you

>>12232675
That's a reasonable but depressing conclusion. It highlights how it's still largely true that you need money to make money in this economy. You think about all the middle class boomers sold on the idea that they could make an nest egg from investments, and that everything would be okay if they did "all the right things". Now they're about to get absolutely wrecked. To be sure, they never had the funds to overaccumulate and cushion for the bad times.

>>12232768
Disgusting failure

>>12232765
Corporate or treasury? If treasury best to wait until the yield curve returns to normal or just do the 2 year bonds.

>>12232774
You have to question why boomers are still in the game though. They should've cashed out no?

>>12232774
>he thinks anyone has sympathy for boomers
I hope they all have to work until 100 for fucking the world up for everyone.

So here's a silly question that's been on my mind. How much of your buying power do you initially enter a position with? Mine is .5%, because I find myself making a lot of mistakes whenever I trade.

>>12232741
In 40 years US will become minority white. I wouldn't count on financial institutions to be functioning at that point.

why trumpf failed so much,bros?

the memes said he was going to make america great again but are literally crashing and burning

>>12232817
>believing anything any politician says ever in the history of time

>>12232663
>>12232632
I'd warned you retards back in October.
You reaped what you sowed and now I am laughing.
Have fun hodling to eternity just to break-even.

>>12232806
This is some incredible autism

>>12232817
wow it's almost like memes are completely detached from reality or something.

>>12232774
Sometimes shit things happen. This is just part of life and we have to accept it. 100% safety does not exist, uncertainty just is a thing we have to accept and try to adapt as we go.
I think middle-class type people can overaccumulate if they start at 20 and save/invest 20-30% of income. Most people just are not willing to do that. It's their own fault for not doing what is necessary.

>>12232431
What are you guys going to go back into once the market starts back up in like a year or so? The buffet in me is telling me to just do DOW but I want more than just that.

>>12232842
From Rome to South Africa no country has survived when people from an inferior race started to outnumber the ruling race and take power.

>>12232880
buy great companies at great prices of course, as shin-buffet omega trubo-EX3 commands

>>12232880
I'm on the Australian market but I'm considering energy to balance out my mostly financial portfolio

>>12232886
your right those filthy dutchoid subhumans did ruin SA

>>12232886
Rome only had large numbers of other ethnicities because of its status as an empire that conquered a lot of people, it's contradictions where the contradictions of imperialism.

South Africa is still a country you just don't like where it is socially at the moment. It was also always a white minority country.

In Latin America mestizos out number the Europeans greatly and while independence was marked by instability, the states are still there and the borders haven't moved. financial institutions remain just as well.

>>12232774
You need money to make money because most work is actually done by machines and such things. Capital does work and humans exploit machines haha. I dont think most people realize this. Equipment and machines and better knowledge increase the work humans are capable of doing. Stuff and things actually do work. This is why we should accumulate more and more robot slaves.

>>12230505
Thank you for this.

>draw an extremely pessimistic, cynical downward channel for the lulz
>in reality it was actually much worse
kek

>>12230645
It's gonna have to get a lot worse than this before I jump the boat lul

>>12232880
A year will be too late. One month

Is oil crashing related to the fall in indexes? Would crashing oil be considered a symptom of down markets or a cause?

>>12233033
you have it backwards

Oil has been leading the market for twoish years now
No one really knows why. But the oil crash helped the market crash more than it probably would have.

>>12232990
hopefully we'll get some reversion to the mean.

>>12233033
Oil is crashing because demand for it is going down in the world market, because Asian markets/industries are slowing down and the oil companies keep pumping more oil.

So if everything is crashing whats stopping us yo short the hell out of the market and become rich?

>>12233146
Only Jews can do naked short.

>>12231725
That's a ridiculous article. The guy doubles his monthly investments every few years so by the time he's in the current time he's a boomer that already has zillions of dollars. Not many of us can afford to put away $6000

>>12232464
>doesnt even consider not spending half of the worth of his investment on a vehicle
Thats a yikes from me

>>12233136
>>12233048
>>12233033

This is the official forecast, but in actuality demand is falling even faster, because of EV replacement and slowing industry.

>>12232464
I say pay in cash, the interest payments are worth avoiding if you can and these rates are at their highs too.

>>12233146
>>12233152
That requires having cash on hand, and willing to risk the volatility. By the time the crash is obvious the gains won't be as good.

>>12232990
Ive been makiung millions a day jus shorting this SPY shit

>>12232464

Get a reliable used vehicle, a Honda or Toyota or something. Buying a new car is for rubes; so long as the used car has been properly certified and inspected you're nearly always better off.

>>12230987
>>12230778
Japan is probably dumping simply because this trade confusion + fed meme is massively concerning. Their largest corporations export to the US, and the risk of this drying up and/or seeing resistance means potentially reduced revenue for their corporations.

Hence, selling.

Demand for energy falls off a cliff during an economic depression. Look at the price of oil.

>>12230813
Destruction and Creation are intertwined. We'd eventually stagnate if we continued to prop up bad corporations. Let the diseased die, and the strong grow. Ideally we'd see anti-trust actions against the big tech corporations, but whatever.

>https://www.marketwatch.com/story/this-still-looks-like-just-a-stock-market-correction-not-something-worse-2018-12-26

>The stock market’s recent correction has been more abrupt than you’d expect if the market were in the early stages of a major decline.

>I say that because one of the hallmarks of a major market top is that the bear market than ensues is relatively mild at the beginning, only building up a head of steam over several months. Corrections, in contrast, tend to be far sharper and more precipitous.

>>12233431
>this unending, steep, brutal decline is actually a good thing for the markets

Cheapies! Cheapies! Buy a cheapie! Delicious cheapies! Cheapies! Buy a cheapies!

>>12233492
Trump will end the fed and will fix this

>>12233492
>hurr durr da markut will nebur nebur go up agen

>>12233431
>I say that because one of the hallmarks of a major market top is that the bear market than ensues is relatively mild at the beginning
wow you're right we didn't just go through a year of sideways action this came out of no where, oh. ooooooooooohhhhhhh

>>12233390
Do you think he's happier in prison?

>>12233564
From my understanding, he has writing utensils and so forth, so it's not like he's being tortured. On the other hand, he basically gets to watch his worst nightmare occur.

>>12233601

Who is that?

>>12233651
Theodore John Kaczynski, also known as the Unabomber, is an American domestic terrorist, former mathematics professor, and anarchist author. A mathematics prodigy, he abandoned an academic career in 1969 to pursue a primitive lifestyle. Between 1978 and 1995, he killed three people and injured 23 others in an attempt to start a revolution by conducting a nationwide bombing campaign targeting people involved with modern technology. In conjunction, he issued a social critique opposing industrialization and advancing a nature-centered form of anarchism.

>>12230645
i'm long on treasury bonds my negro

>>12233651
Unabomber, aka, the man who was correct.

>>12233684
Tl:dr he was a huge faggot

who needs the market when you have ebay

>>12233776
wrong

>https://www.usatoday.com/story/money/2018/12/06/dow-jones-volatility-survival-tips/2227994002/

>If you have some cash sitting on the sidelines, now's the time to consider going on the offensive and buying stocks on weakness.
>"Stock market fortunes," Perkin says, "are built buying on market dips, not peaks."

>The worst reaction is to panic and sell, as there's a good chance you could miss a stock bounce back in this environment, he says. The Dow's 706-point rebound off its intraday low Thursday was a perfect example.


we will make it

>>12233903
fortunes are made when you become an entrepreneur and create something that's valuable, not gambling money on cheap stocks and leeching off others' success

>>12233934
>create value
ishygddt

>>12233498
Hmm yes, this GPRO sale looks good

>>12233524
Christmas
Cope

>>12233787
What do you mean? Work?

>>12233934
Lol

>>12233787
what kinda drugs you selling?

>my parents say don't use my Christmas money for stocks
>use it for something fun
>they don't know buying cheapies is the most fun a boy can have

>>12234048
>loading up on cheapies!

>>12234048
based, boomers always say things like that because they had everything handed to them

>>12234048
>Don't invest or save your money, use it for something fun
Typical boomers

>>12234099
>>12234114
My boomer parents worked hard with pretty much no support from their family, but they are kind of bad at saving for retirement.
My 90% of my reason for investing is to get them to retire at 60 or so, so I still have two decades to /make it/

>>12234146
>My 90% of my reason for investing is to get them to retire at 60 or so
well they're fucked

>>12234159
:D
50% of all my deposits go to SPYD with DRIP, so I've basically already guaranteed my success

>>12234194
SPYD is going to mid teens bro then r/s

>>12234211
Cheapies for me

>>12232768
christmas tiki

>>12230988
This

>>12232693
I need $700 a month in dividends to cover the mortgage and maintenance on my rental property. You actually don’t need a whole lot of money to benefit from investing. People just don’t do it cuz scared/ignorant.

>>12233787
I used to do ebay, People sitll buy shit on there?
I liked dropshipping i even used to sell Glitched GTA cars on there when the game first came out for 60$ per dupe.

MERRY CHRISTMAS /BIZ/!

>>12232527

Anon... holding shares of a company that gets bought out is typically very lucrative. Buy out deals generally go for a premium over market share price at the time of the deal, owners of the bought out company's shares typically get shares of the buying company at an announced exchange rate. It's very common to buy a shares in a company being bought out AFTER the deal has been announced as the deal works out in your favor so long as bought out company hasn't already mooned too hard on the news.

>>12233787
i just started selling my garbage on ebay! where are you getting your product?

>>12233787

I have a friend who does reselling on eBay. She's decent enough at it now that she can pull the equivalent of minimum wage.

>>12234515
Ebay is still king for old car and computer parts

Remember,

>always do the exact opposite of what /biz/ says

Now is the time to buy.

>>12232990
>extremely pessimistic projection

Hey that sounded fun so I made one of my own. I did a long long long timeframe chart of the DOW in log scale with a couple different EXTREME DOOM SCENARIO trend lines.

Pink line target low $14250
Blue line target low $8500

I think both of these are absurd in current economic scenario.

>>12234752

Here is more realistic scenario I can see for eventual bottom out. I don't think it will go straight down to this trend even if that is the final destination though. There will be some twitchy swings as always first.

>>12230988
>he thinks only boomers like stocks.

>>12234844
>getting trolled by a 16 year old

>>12234858
Who hasn't in this day and age

I just want a job at McDonald's for Christmas. I need to use a notebook to remember anything these days but I hope I'm still qualified.

>>12233787

What’s your cost of goods sold?

>>12231524
that webm

>>12234879
I thought about going to work at a simple place like that... Just to bone the desperate ass bitches that want to have a different life.. i'll promise them a different life and something better.. fuck them for a while then quit working and change my number

>>12234903
I just need to pay my bills and I clearly can't get a job anywhere better

>>12234879
Should've gotten a seasonal retail or shopping job. Might still be able to, the returns should be pretty crazy right now.

I did that, got hired on a regular part time basis, kept it up for a year, continued dabbling in a side hustle, and started classes once I found a career I'm interested in.

Im not going to be buying islands and sailing yachts, but it's a start.

>>12234932
*shipping
Shipping job, like UPS or FedEx or something.

>>12234879
>rotten ronnie's

Nope. You can do better than that if you're over 20 and have some kind of some sort of employment history. I suggest looking for custodial/janitor work. There are always lots of those jobs and you're a cut above the average applicant if you have all your senses intact, are not clinically retarded, and are a native english speaker.

I've worked as a janitor in an office building before. It wasn't a bad gig at all. Nasty sometimes sure but nobody was hassling me about anything. I just cruised around with the vacuum listening to podcasts mostly.

>>12234752
>>12234804
both of these are funny if you take chart with Fed buybacks and QEs as a clean market correction

>>12234944

I should also note that in terms of priority for wagecuck jobs, I will always choose cleaning literal shit and vomit over getting browbeat by some faggot McD's supervisor over being 20 seconds late for shift.

>>12234879
Why can't you remember things? Do to have Alzheimers?

>>12234146
>My boomer parents worked hard
No they didn't. And if they somehow did, the same guys today will have to work twice as hard to achieve what your boomers parents did.

>>12235021
>t. bitter zoomer who doesn't actually have a job
Yikes

>>12235056
he's right tho comfy.. boomers act like they worked hard but in reality boomers in their 20s is nothing like what people in their 20s have to go through today with automation and outsourcing. They had it easy as fuck and most didn't save up shit.. it's their own fault.. not yours..

>>12231532
I was the guy who got quads to name you. Respect for sticking with it broski haha. Merry christmas

>>12235077
thats bullshit, Ive been working sooner than I finished middle school and I dont have it hard at all, moved out at 19. The only thing that changed is some minor stuff like debt and how world flows with internet but its nothing unmanageable

>>12235077
My parents arent actually boomers though, they're Gex X
Boomers are over 55 right now, and I agree they are horrid creatures that ruined the world

>>12234944
I have no employment history. Just a job I did for a year in college. I thought it was two years but I misremembered that too.

>>12234752
t-this am actually pretty accurate
Have been seeing ALOT of "people" (cryptotards and goldtards) claim DOW will have 14000 retrace
x.x

>>12235120
I worked in construction my teenage years and was taken out of school early just to work.. you and I might not have it hard because we got our foot in the door with experience but as the years go on it gets harder and harder for young as well as old people to get jobs.. even now if a boomer loses their job they are fucking lost.. its not as easy as it once was..

>>12234994
DXM and Benadryl heavy use for about a year in college. So yeah, probably Alzheimer's.

>>12235125
oh yeah i forget that you're 19 still

>>12235139
I havent lived back then but guys my age are saying they cant find job cuz its hard and blah blah but I just think theyre useless faggots so that makes me really think if it really was that different if only ppl saying its bad now but it wasnt like that are not ppl making money but crybabies

>>12235128

Good enough. Apply for janitor jobs. And delivery jobs if you have a driver's license. Pizza delivery ain;t so bad either.

>>12235056
Projecting much? I'm an IT consultant, I'm pretty well paid, and my job is basically replacing boomers working in banks heads offices with an Excel sheet (a bit more complicated than that, but pretty close to reality when you think about it). That's how productive they are. Boomers had it easy, all they did in their years was racing with their colleagues over their chairs in the office's corridors.

>>12231193
long with 2x leverage when market turns bullish again until we are ~10% above last ATH. Be careful. The next 3 months is absolutely critical to see if there will be a 1h 2019 bottom or a slide towards recession due to liquidity crisis after a domino failure of overleveraged banks.

furthermore my friend just started college and hes working for a company that pays for college and his place (pic related) simply to earn a loyal engineer when hes out, he didnt get there cuz of family but friends

>>12235150
Um 22 thank you!!

>>12235208
My friends can't even get me a job. I had no scholarship and my degree isn't netting me anything, so it's essentially an 80K wall decoration, for as all I'm concerned.

>>12235219
was aboutt to say dang
if you really were getting into drip @ 19
you really would be rich by 30

O_O

>>12235337
he's a failure at life anon

>>12234752
I don't think a 50 or 60% crash is out of the question. I'd be surprised if it's lower than 40.

Man fuck Christmas.
I should learn how to find a job out in the Midwest or something. Deurbanization is the only way to save myself.

>>12230625
>It's already too late to depopulate.
I'm pretty sure a few wars could depopulate things rather quickly.

Please give me your honest opinion. Don't hold back. I'm ready

>50% of portfolio in Facebook stock
>down almost 30%

How fucked am I

>>12235438
It would leave nothing but the weakest, most incapable, and worst socially adapted left. De-urbanization might work. Honestly we just need eugenics.

>>12235428
Indeed. I love my mom, dad and sister but as an introvert that doesn't like to socialize for a long period of time with 20+ family members, I told them I had to do a business trip

>>12235450
>50% of your money into one stock
Whew

>>12235450
pretty fucked, I don't think it's bouncing back any time soon
FAANG was highly overvalued, and Facebook was one of its weakest links

>>12235450
you best buy some lube anon

>>12230646
>>12230636
>>12230625
>>12235438

based collapse cult

>>12235451
This. Look at European men post World Wars and Chinese people after centuries of on-and-off war. You could probably take a guess at looking at Middle Easterners too. A total societal collapse would breed out dysgenics. Wars would create more.

>>12235475
>>12235485
Guess I'll cost average down over the next years

When should I buy the dip, and what should I buy? Bank stocks?

>>12235583

>>12235507
Eugenics would be just as effective. Honestly, the weak link in civilization is the unwillingness to pursue eugenics programs

>>12235583
yeah load up on deutsche bank bro

>>12234858
>remember being a retarded pre-teen "trolling" youtube comments and Xbox live voice chat.
They were the best of times they were the blust of times

>>12235601
Under no circumstances should anyone do this.

>>12235601
what leverage should i get for them x2 or x3

>>12235365
>>12235337
>missed being successful by three years
Guess I'll hang myself

am I the youngest person here
currently 20
there has to be some 18/19 year old anons posting here

>>12236000
not counting the underage shitposters who don't actually own any stonks

Ding ding ding! How did everyone’s Christmas morning go! I got a ton of great presents! It was a little tense though, I learned my aunt was down 400k yesterday alone (think of that if you feel justed). I know it seems hard now, but I promise it will get better. It’ll be a new year soon with all your /smg/ frens

>>12236000
Started when I was eighteen a year ago, why?

>>12236015
I got $125 and a bunch of shit I won't use.

>>12236015
yea no I don't feel sad for your millionaire aunt

>>12236015
I got this and some gift cards
Pretty good Christmas

>>12236023
Just asking out of curiosity
It would really surprise me if I was the youngest anything on the internet anymore
I remember being a 12 year old and feeling like a snowflake because I shitposted on 4chan, though

>>12236015
Merry Christmas Sundown!!
I got new camping gear and beef jerky
My grandparents partially caught fire, when the opened up the walls to clean it up they found tons of black mold, then the ceiling fell in so I won't come down to Salt Lake from Montana so we can't do the smg meet up :(((
At least I don't have to deal with the demons in the basement though

>>12236049
what do you think of that Mora Garberg, btw

>>12236066
Instead of buying the Mora I bought my brother a Minecraft Xbox controller.
Turns out you can't mix Xbox 360 and Xbox 1 controllers, so I have to return this nigger
Long Microsoft because they milk epic gamers for every fucking cent they can

>>12236086
F
Companies really do milk gaymers for money however they can
It's an industry thing, not just a Microsoft thing, imo

>>12235988
kek you will still be millionare but just now by 33
the same age JESUS DIED AND THEN RESURRECTED

>>12236015
grats on the gains!
me got....
A YEARS WORTH OF HEALTH INSURANCE!!!! gold plan too yayaya

>>12236015
i got a book on ohio and a couple of gold coins
i gotta go to work tomorrow and all my micron is at the lowest point it feasibly can be

best christmas present would be more hours at work desu senpai

>>12236015
Merry Christmas!
I got some new shoes, a sick holster for my gun, a drew brees jersey and some other clothes. It was a good one.
>>12236049
Kek i got beef jerky too. My mom knows I'm too much of a jew to buy it for myself. Shit's expensive!

>new to stocks
>notice everything is down early November
>figure that there's a recession coming soon so I should short the s&p
>put $500 in a 3x short s&p etf
>it drops like 10%
>panic and sell it all
>check it a month later and it's now up 40% from where I bought it

Fuck !

>>12236198
Trust your gut unless your gut is stupid

>>12236198
now you've learned the most important lesson of the market FOMO will kill you
also this>>12236209

>>12236120
YAY for health insurance!! :D Now there is a less of a chance you die and leave us forever
>>12236136
Beef Jerky is extremely expensive, even the "cheap" stuff at the grocery store is pricey

>>12236049
>>12236251
>>12236136
Never realized how expensive jerky was until I tried to buy a bulk amount in college. Now I feel bad for raiding the jerky every time as a kid.

am sorry made new thread early am have to go for few hours
pls forgive me this all want for Christmas is make christmas themed threads

>>12236225
>>12236225
>>12236225
>>12236225

>>12236307
thanks lad we'll move over when the time comes

>>12236293
Thanks RKG I orbit you continually

>>12236351
I'm not RKG lmao

So we're all capitulating tomorrow open, right?

>>12235159

The boomers had useless faggots in their generations too: they got well paying unionized factory jobs.

Basically the only thing that boomers needed to do to become millionares, regardless of class, was to have a job that achieved the median wage and invest in the stock market/real estate market near a major city.

>>12236593
Seriously bros, what is the plan?

>>12236787
The plan is that you buy now that there is blood in the streets and enjoy a small rally into January until Q1 financials come through

Futures gonna be S A N T A C L A U S R E D

>>12235159
Most jobs are designed for useless faggots. Productivity is low right now

>>12237021
Too many people not enough social roles. We're in desperate need of a culling program right now.

>>12237040
This is nonsensical, social roles are proportional to population, you decreasing population you'd still have surplus.

>>12236198
Even if you'd held on, you still would have lost money

Volatility is a killer for leveraged inverse ETFs because they reset daily. Even if the market is down since November you'd still have lost most of your investment

>>12237773
No way he would have lost with how much the market dropped..

>>12234752
It'll hit the blue line in 2022

>>12230625
I like that first quote, but it's modeled after a human-engineered mouse utopia? lol

>>12230625
...."In a way, the creatures had ceased to be mice long before their death
—
a “first
death,” as Calhoun put it, ruining
their spirit and their society as thoroughly as the later “second death” of
the physical body. "
fuck no no no no that's where we are no fuck fuck i'm actually reading it and it's too real what the fuck

>>12239021
next experiment - tell me if this doesn't sound familiar!

Food and water
were plentiful, but space was tight, capable of supporting a maximum of
forty
-
eight rats. The population reached eighty before succumbing to the same catastrophes that would
afflict Universe 25: explosive violence, hypersexual activity followed by asexual
ity, and self
-
destruction.

>>12239039
You're seeing it happen in all the urban centers in the world. Plus tons of other socially pathological behaviors.

>>12239053
I want to get off this ride man :(

>>12239168
There is no getting off this ride. No one wants to fix anything. They either want to make things worse or just point fingers and say that at least they didn't contribute.
I hope you're ready for another red day on the market tomorrow :^).

>>12237791
>>12237773
I have a small amount of leveraged inverse ETFs I've been holding since like February, they're in the green rn.

So I know everyone's probably asleep already, but we're all going to Hell in the red tomorrow, aren't we?
>tfw can't make a decision between selling now and taking the huge tax burden (they're all old positions, can't sell as a loss) or losing money by HODLing

>>12240351
Probably, unless some good news comes out of nowhere.
I expect the market to continue to move lower for the next month at least.

Does the stock market open today?