/biz/ - Business & Finance

goddamn we're so fucked. I sold everything yesterday

>>17484075
We’re fucked either way. Recession In either 2021 or in 2024 but it’s cooming no matter what old penis is in the White House.

>>17484034
FUCK THEY'RE GOING TO MAKE SOCIALISM HAPPEN AND ALL THE INSURANCE COMPANIES WILL GO TO ZERO WE'RE SO FUCKED

>>17484127
stop posting these trannies already. nobody thinks its funny.

>>17484034
>that's why Trump is working overtime to pretend coronavirus doesn't exist.
Is he retarded? he should blame this drop on the virus. That's what the globalists are doing right now, pretending this virus is the cause of the coming crash and not a huge magic central bank bonds and debt bubble

>>17484189
He's playing 4D chess. The virus really is nothing and he's going to call them all out. He's gonna lay it all out for the people. Full disclosure if the sham system! TRUMP WILL FORCE THEM INTO THE LIGHT AND SAVE AMERICA

We are now in the worst stock market drop ever.

Check 'em.

Good fuck drumpft
Time for mainstreet to get a bail out

>Trump stays president
>stocks take a hit but they always bounce back
>Sanders wins
>entire economy collapses and dies
Americans are suprisingly aware of this, even the stupid ones

"Wow look the stock market dropped 10% let's just destroy our economy the whole way instead."

>>17484614
This is the best time to buy. Pre election if there is any dip you buy stocks even for the short term will sky rocket when Trump wins.

>>17484643
This
Bouernie wouldn't win even if Corona-Chan spread to everyone in the US and only he had the cure through his Medicunt for All program.

Please god let the housing market crash and burn

This is a happener's dream

>>17484034
you can dream about a recession, this is a depression worse than 1929

>>17484034
This time it’s more dangerous cause Sanders will not give any bailouts to financial sector like Obama did, which will inevitably lead to depression. Prepare your ass to live in Trumpville for the entirety of next decade.

>>17484075

noob

F U C C

>>17484848
It’s not THAT bad, right?

>>17484828
Fingers crossed hard that Bernie dies feom corona.

>>17487305
>give to the working class
great joke, you know it's just going to line the pockets of the cloistered elite party members

>>17487805
He’s not chairman of USSR anon. Healthcare and debt cancellation are not gonna affect any elites in the positive ways.

Except it won't. QE created lots of virtual money for big investors who never spent it or used it to give anyone a raise, hence low inflation.

It won't impact the economy at large in the same way, 2008 was so bad because a house is the biggest investment most people have.

This is a manufactured overblown crisis which will end in a moderate correction and lots of profit for institution who re-buy at the right time.

>>17484147

heheh based

will bernie fuck the stock market
whats going to happen to my 10k portfolio

>>17487305
>takes money from those who work
>gives it to those who don't work
seems legit

>>17484034
I’m torn about this. On one hand, I’m making shitloads of money shorting the stock market right now and if sanders gets elected we’re going full blown depression which means I can continue profiting from the economic collapse. On the other hand, it would be sad to see the end of America as we know it and tons of people will lose their jobs and probably remain poor forever. Hmm...

A stock market correction isn't a recession by default. This is just scared money leaving the market, remains to be seen what coronavirus can actually do to global output.

>>17487305
*give it to the government elites who will put it in their own pockets and toss the scraps to you poor losers

>>17484034
this is bullish for iron hands who will buy the dip.

the most money is made after a market crash.

>>17484243
The 5D chess move is the deep state actually has bioweapons and will use them to cause chaos
Israel the jews ruined USA and now they're going back to their birthrate and left a gift that returns every year

>>17485203
That's active management propaganda. "Don't sell, keep your money with us, we need those fees".
If my investments go down 40% they then need to go up 60% just to put me where I was before the fall.

>>17488332
True.
This is just a correction, not a recession.
Also, it should be the economy influencing the markets, not the markets influencing the economy. If people think this will cause a recession they're looking at things upside down.

honestly felt like yesterday that SPX was hoving around 3000 so who really gives a shit about the dip

>>17488020
>>17488521
The problem withe "re-buying" at the right time is what this >>17488332 faggot said "what will be the impact of coronavirus on the global economy?". Right now, no one knows and no one really knows when will this end. This sell off was a mix of scared investors and people, like me, who thinks this corona thing is much more serious than what they're saying and that it will impact the world economy heavily.

>>17485203
That's active management propaganda. "Don't sell, keep your money with us, we need those fees".
If my investments go down 50% they then need to go up 100% just to put me where I was before the fall.

After you spend a few years in the market you actually gain a perspective on it and this shit doesn't feel like a big deal. It's been way overpriced, that much has been evident, who cares if it drops 20%? Only fags who're balls deep in options, or boomers making withdrawals.

>>17488020
>>17488521
The problem with "re-buying" at the right time is what this >>17488332 faggot said. What will the impact of coronavirus on the global economy be? Right now, no one really knows what will the impact of this virus be and when will this end. This sell off was a mix of scared investors and people like me who think that this corona thing is much more serious than what they're saying and that it will impact the world economy heavily.

>>17489534
the stock market to gdp ratio is 140%.
stocks in the US are way over-valued.
they only keep going up because the fed keeps printing money.

>>17488020
>>17488521
The problem with "re-buying" at the right time is what this >>17488332 faggot said. What will the impact of coronavirus on the global economy be? Right now, no one really knows what will the impact of this virus be and when will this end. This sell off was a mix of scared investors and people like me, who think that this corona thing is much more serious than what they're saying and that it will impact the world economy heavily.

>>17484034
Its dropping because Sanders might win, not just because the virus. Enjoy the capital flight dumbshit, I know I will.

>>17484034
>actual berniefags ITT
I thought /biz/ understood basic economics, the fuck? Guess I was wrong.

It isn't a domestically created economic crisis. It's a foreign threat. While the domestic population may be critical of domestic problem that the administration failed to handle, they are going to conversely rally around an administration that is dealing with a serious foreign threat, not throw the country into turmoil by electing a socialist in the middle of it.

It's the same concept with how Americans tend to rally around their Prez during war-time, even though it similarly might cause economic strain.

>>17489717
I mean yeah wasn't Trump's whole thing is that we're too dependent on China and look what happened. If anything he was right.

>>17484127
disgusting man feet

>>17488432
How would cancelling student debt, guaranteeing free at the point of use healthcare to all citizens line the pockets of the elites??

Can you explain to me why all the government elites to the media to big business hate him? How does that line up with you thinking he's going to give it to the government elites to put in their own pockets?

keep underestimating sanders
capital flight is a meme
people aren't going to move from the hamptons to mogadishu because the income tax rate is lower there. Fuck off.

>>17489685
>muh trickle down

It's basically a science experiment, you follow certain policies(lets say trumps tax cut) and make predictions(republicans said it would trickle down, help wages raise gdp etc, democrats said it would concentrate at the top, not help wage growth, be used for stock buybacks by huge corporations) and then see what happens. Guess what happened. Take a fucking guess.

>>17490395
if these goddamn biliionaires want to sell off their mansions and go to fucking i dunno Singapore? and raise their dumb brood there, I will be ecstatic.

Before the Corona Virus and the economy chaos that ensued I would have given Bernie a 45% of winning the presidency. Now I think he is favored to win, with those odds getting better and better then deeper into this shit we get. millions getting infected will make Trump's odds of winning unlikely. Us going into recession during an election year will guarantee his loss.

>>17484075
Keep wanting to tell my brother to sell but have good odds of saying it and it goes the other way after.
Advice?

>>17484147
Lol saved

>>17484243
If he calls stocks a sham itll likely collapse even faster

>>17490491

>Narrator: for the first time in a long time, low wage workers started seeing the largest wage gains in the country

>>17485203
Now show us a chart where you pick the worst days (eg when it peaked).

All I'm seeing is a ploy to get you to invest.

>>17484127
Name please

>>17490888
If you didn't sell a week ago at the absolute latest, you should just stay in at this point. Buy in more to dca down if you can.

>>17490916
Lol using percentages just hides it. A 5% (0.40) increase to an $8.00 wage is less compared to a 2% (0.60) increase on a $30 an hour job.

>>17490956
>a ploy to get you to invest

Damn we almost had him. We almost tricked him into making money.

literally nothing, retards will panic about anything, never fucking selling

Engineered to make Trump look bad.
Convenient timing to take profits anyway after ATH
Literal redditors making thousands, clear mania phase
NCOV is a causing supply chains to get wrecked

It's a lot of things, but its definitely very convenient for those in the know. and certainly a way to try get trump out of power

>>17491039
I have nothing in the stock market I sold over a month ago. He hpwever kept it as he wasnt as reckless as me me. Gladly its probably less than 1k in losses but he might be taking it worse than me (more than $4,000 in losses cause i used options)

>>17491065

Percentages are all that matters you retard. Of course lower wage people aren't going to get massive raises, it's all relative. Nice cope.

https://www.westernjournal.com/bottom-half-households-nearly-50-richer-trump/

>Oh no, how could slowing down immigration and outsourcing go and raise wages/wealth for poor people! That's IMPOSSIBLE

Get fucked you lying fag

>>17488332
>The world's factory is shutting down.
> This is just scared money leaving the market

>>17485203
Do you really think the best days are coming up next month?

>>17491289

Calls are still way overpriced. This is a well-known phenomenon, timing it is hard but the snap-back is usually vicious.

>>17490916
Cause they are killing the middle class

>>17491113
It doesn't explain shit anon. A guy making 12k a year getting a 5% raise increases his wage less than someone making 400k a year getting a 1% raise. 100% of 0 is 0.

>>17491340

These are the people who were forced out of the middle class in the past 20 years. The wealth of the bottom 50% as a whole is rebounding.

>>17491383

Do you know fuck all about business or economics? Everything is measured by percentages. Do people on here measure their ROI by absolute gains or percentage return? Retard. Imagine hating positive progress so much that you're going to stubbornly stick with this kid level cope.

>>17491317
If this was some traders going "muh numbers" I'd agree, but with China getting messed and all the corporations that based their business on Chinese slave labor, I don't think the snap back will happen soon.

>>17491448

I agree with that sentiment, just saying that it's well understood that the best time to buy is right after a big dip or correction and everybody is piling in right now

If I was going calls I'd go long. This is only going to hurt for the short term, productivity losses, but it's only killing off old people who are a drain on the economy anyway.

>>17491383
12k is below minimum wage. Don't talk about things you have no understanding in. This is obviously not something you are qualified to have an opinion on.

>>17488289
Do you know what the 'working' part of working class means? Billionaires are the people who actually don't work.

>>17491565

And billionaires don't pay income taxes. It's squarely a tax and burden on the working classes. Imagine what we all could do with 20, or hell even 10% more in our pockets per annum.

>>17488202
how does 10 dollars sound?

>>17491590
Which is what the wealth tax is for, as well as raising the capital gains tax in line with the income tax. If you earn less than $200,000 p.a. you're better off with M4A.

most of these billionaire fucks have never worked a honest day's work in their entire lives.

They fuck up other people with other people's money to line their own pockets.

>>17491631

I don't care about his lip service on those fronts, if he isn't pushing for a further reduction in income taxes I'm not voting for him. As it stands he's already suggesting 5% increases on some brackets, which means he considers the whole thing fair game. The only way to win is to keep the government as far out of your pocket as possible.

>>17491656
https://www.bernietax.com/

Taxes are the price we pay to live in a society. If you earn over $250k you're slightly worse off.

>>17491732

1. Income taxes in particular are a cleverly crafted way for globalist, rich business owners to avoid import duties and offload the cost to working Americans

2. Our budget is massively bloated and hardly any of that is going to fundamental services anymore, it's all social programs and wasteful federal departments

>>17484696
I agree about car loans but it sucks when at the age of 17 you get tricked into making dumb life decisions

>>17491793

They're totally naïve 17 year old kids and no one is telling them the truth. Not their parents, not he media, not their advisors, not universities. They really think it's in their best economic interests to pay $100k+ for a McDegree that is going to earn them just as much as no degree at all. They don't understand how interest on loans means they could be paying for this burden for 20 years, even forever.

>>17484147
Your tears nourish me

>>17491483
>but it's only killing off old people
Who have all the money and power.

>>17489675
it's dropping because OJ and his butt buddy Jerome overheated it hide the damage done by their incompetence, and failing foreign trade policy. Fuck I don't believe you need this explained to you.

>>17490502
And they will take their jobs, companies and taxes with them you fucking retarded fuck.

>>17490985
I think it's Brian

>>17493564

The world's rich aren't going to be affected. It's killing off old people who are a drain on the system as it stands. I have half a mind to believe China introduced it to rebalance their fucked population pyramid before shit got really bad.

>>17493666
>kek approved

>>17485203
>hurrdurr if we gap-out green days in a recession total returns are even lower!
I'm up since Wed's ATHs, Mumu

>>17484034
Trump is done. The booming stock market was really the only thing that he had going for him. Sanders is pretty much guaranteed to win the Dem nomination and the presidency. We are so fucked.

Reminder that this is your average Sanders supporter:

https://www.youtube.com/watch?v=l3nhg9B-aXk

>>17493673
>. I have half a mind to believe China introduced it to rebalance their fucked population pyramid before shit got really bad.
It's fucking their economy too hard for me to buy that.

>>17484034

i am glad i invested in crypto instead of stocks

>tfw both a card carrying DSA BernieBro AND shorting the market
Great week all around

If he gets the nomination and the recession has already hurt the middle class while the virus increases interactions with our dysfunctional healthcare system, he will win. The DNC elite might actually prefer to sabotage their party for a decade by cheating him out of the nomination though. An emboldened, empowered working class is their worst nightmare. They'd much prefer Trump fucking up their international agenda to a working class movement that could actually threaten their continued existence as a class.

>>17494117
based, youll be the first on the day of the guillotine

>>17495773
What's up, neckbeard breadtuber? Have you seen the newest ThoughtSlime vid?

>>17489675
Sanders won’t win. Let the market drown a little bit, relax, and buy.