/biz/ - Business & Finance

>>17674755
i've seen this one before

>>17674755
That graph reminds me there is still a long way to go down

>>17674755
its gonna get worse

>>17674755
It's still correcting. Watch us go into another year or two of straight up bearish markets.

>>17674755
When it falls below 19k, all of the gains made in the Trump administration will be wiped out. We would only need 5 consecutive days of 1000 point drops. Think about that.

the 2008 crisis was "fixed" by charging taxpayers trillions of dollars to bail out the failed banks and provide artificial liquidity, which means things are even *more* leveraged than they were in 2007 . . .

>>17674905
>Think about that.
So what? Things where fine before Trump, I don't see how losing those gains would change anything other than the top percentage of people losing some of their massive wealth.

>>17674845
Hokusai predicted this.

>>17674755
>Surely it can't just keep going down to 2009 levels right?
Is anyone else salivating at this? Imagine buying companies with that much of a discount, it's almost like stealing!

>>17674755
>How is this THAT bad?

Because it's dropped 20% in less than a goddamn month

>>17674755
If you can't see the obvious top / bubble pop that's your problem.

leftypol faggots itt

>>17675530
>>17675531
I mean in terms of peoples daily lives. Why should your average joe care? How can it actually effect people when even if it fell another 8,000 it's still more than double 2009 levels, people seemed to survive just fine.
These are more than likely very stupid quetions, I'm just a curious idiot.

>>17674931
Jerbs will go bye bye. It's all Gucci if you're in a recession proof segment of the economy but if you aren't... Buckle up butter cup.

>>17675597
>explain to them what is happening
Kek, where is the thread with their predictions?

>>17674755
>Surely it can't just keep going down to 2009 levels right?
Says who? It may actually retest 2009 levels if shit keep snowballing like it is.

>>17675604
>Why should your average joe care?

>Goodbye retirement (if you're like five years from retiring)
>Goodbye job

Two things to care about

>>17675604
PRICES GOING UP UP UP
LOSING YOUR JOB AND HAVING TO SETTLE FOR ONE THAT PAYS LESS
FED BAILING THEM OUT AGAIN AND LEAVING YOU WITH THE BILL ON TAXES - AKA SOCIAL SERVICES NOT FUNDED
IMPORT PRICES GOING UP UP UP BECAUSE THE DOLLAR IS WEAK

there was a MMT fag in here last month who said this could never happen again. show yourself

WHAT THE FUCK AM I SUPPOSED TO BE BUYING RIGHT NOW?

>>17675604
Moving things from one place to another requires energy,. Energy has a price so that those resources don't get depleted to oblivion. If people cannot afford to pay for that energy then the entire economy of a country gets a huge hit, and it's 100x times worse when it's a global economic meltdown. You CANNOT POSSIBLY go back to 2009 GLOBAL standards anymore, you just go back to 2009 ECONOMIC standards which are simply not compatible with current world dynamics.

>>17675861

Nothing

>>17675861
>buying anything
cash out literally yesterday, the game is up mate we're crashing this economy with no survivors

>>17675861
gold if you wanna keep your buying power. The dollar is gonna go tits up

What do you anons think of money market funds?

>>17675597
Commies possess the same mindset that the religious-right do. They view everyone as too stupid to understand the truth, which only they possess from having read their history of circlejerking theory from Hegel-onwards. A lot of the /lefty/ critique of capitalism is valid, but they have so many glaring holes in their worldview that remains as, like their right-wing equivalents, they tend not to interact with anyone beyond their immediate circles. The commie's planned 'infiltration', which is always their mode of operation (due to inability to fulfil revolutionary fantasy) is the same manner in which religious-right christians travel to the third world as missionaries. In both cases, it all roots back to their innate and repressed desire for power over other people, as some unrealised infantile desire, which is the last thing they could ever admit to wanting as it would show them to be nothing more than those they claim to hate the most - for the commies, fascists, and for christians, satanist's - but it truly is the ultimate thing that drives their every action. This is why you find so many despondent, bottom of the barrel folk on the left - they were often the victims of bullying growing up and in many cases have suffered traumatic experiences which have created repressed emotion. The same repressed emotion that drives those they criticise the most (it's all projection, see). They dress it up with the long-winded and arduous debates on theory and talk themselves into believing their own bullshit, much like the religious-right, all of which serves to only cement the fundamentals of their worldview which they never sufficiently question, again, much like the religious-right. In other words, these people are mentally ill and have lost grasp of their basic humanity.

To any commies here from /leftypol/, if you want authentic power and freedom, then ditch the texts for a while and buy some crypto during this dip.

>>17674755
The worst is yet to come, retard.

>>17674755
>bush leave us with 2008
>trump leaves us with 2020
what did republican fiscal policy mean by this?

>>17676305
Do you think if Hillary was president, things would be any different?

>>17674755
why the stock market is so volatile nowadays?

>>17676305
You know that game where you take turns pumping up a balloon and the loser is the one it bursts on?
Democrats are the ones that fill the balloons up and when people are sick of them it's the Republicans left to clear up the tattered mess they are left with.

>>17674755
Look up a 5yr candlestick chart and allow me to educate you on why this is only the beginning.
Follow along.

Pay attention to the last several candlesticks, or our last and latest uptrend.
Following our uptrend, we see a minor shooting star, nothing crazy, but it's a shooting star.
>what is a shooting star?
A shooting star candlestick is an indication that a ticker may begin to form a downtrend.
>how do we know it's a shooting star?
It was right after an uptrend, specifically the tip of the uptrend.
This is a sign that incoming sellers, or bears, are winning the battle.
>so, what does this candle stick indicate?
A possible down trend, but can't be confirmed yet.
>so when is it confirmed?
Look at the next candle stick, it should be a drop, much larger than the shooting star (which, it is).
THIS, is our confirmation that the candlestick we saw previously was indeed an shooting star.
This means that we will being our way downward.
>how do we know how far it will go?
You don't, no one does. However, you could have an educated guess on it.
It all depends on the candlestick, after the shooting star.
What percent change is it? How much volume was there?
Usually, the bigger the second candle stick is (in terms of Open-Close SP) determines how big of a drop we will see.
So, if that following candle stick (after that shooting star) is big, expect a nasty drop.
This is through experience and history, not all the time will we see the same pattern of results.
>when do we buy back in?
Look for a bullish hammer, which is the exact opposite of a shooting star.
Do not buy in at the first green candlestick you see, as that might be a false positive.
Remember, this is investing, not gambling.

Also, if you're going to look at a chart, use candlesticks and multiple indicators.
Stay away from that bubble shit or line graphs, they don't tell you shit about the momentum of a ticker.

>>17676377
based and checked

>>17676377
Imagine actually believing this.

>>17674755
>Surely it can't just keep going down to 2009 levels right?
1st stage - Denial

Markets can do anything most often what you least expect.

>>17674931
>He thinks this only affects the top
Wait until they start demanding their money back from businesses and the layoffs begin.

>>17676377
No...that’s not a game that anyone plays pajeet.

>>17674755
I’m with you OP. Once it’s obvious that corona virus is overblown, the Fed’s will put us into stimulus and people will forget the whole thing even happened. Everyone is getting played right now.

>>17674755
>-6k end of this week
>-10k end of this month

>>17674755
We've barely begun to scratch the surface. This is going to be complete destruction of the economy as we know it.

>>17676404
I'd be so fucking hard if I got to watch it crash to 2009 levels this month or even better this week. It's not happening though, they will just keep closing the markets again and again until they patch it up like 2008.
We're in a train heading straight for a cliff and instead of jumping off the conductor is just slowing down so we have a few more minutes of 1st class to enjoy.

>>17676437
I was thinking of the Simpsons Arcade game if that helps any. Pic related.

>>17674755
>DJIA
>measuring points
>not knowing Trump became president in 2017

fuck I hate normies

>>17676459
>corona virus is overblown
8% of infected are left with permanent lungs damage
2/3/4% dies
if you recover you can get reinfected again and again
imagine ignoring this

>>17675597

They have literally zero effect. Everyone can smell them a mile away and their posts get you'd into oblivion with calls for them to go fuck themselves.

>>17676493

>>17676493
w-what is this?

>>17676716
a chart that goes to 2021

Are we looking at a potential 50% drop of the DOW over the next month or two? On one hand I'm young and can rebuild what I've lost so far (overall only about 8%, though now I'm really only in bio pharmas so who knows how much better or worse that can get with how volatile they are), but on the other I'm still losing money which sucks

>>17676493
>>17676493
>>17676493
>screenshot date is 10th of July 2023

EEEEEEEEEERM

>>17676716
fake and gay is what it is

>>17675861
ammo

>>17674931
people who are entering retirement age are fucked beyond all recognition. also they will keep their jobs longer, boxing out the younger generation from advancing or gaining entry into some fields

>>17676871
>has boss who was a lovely kind old woman
>she retires next month
rip margaret, love you babe

>>17676493
imagine a crash like that, holy shit it'd be glorious

>>17676871
until they RIP from corona

>>17674755
Because people have bought stock between 2016 and 2020. Now that stock is worth less and they've lost money. It's pretty simple.

>>17676871
So proud of my Dad for selling the top in December he's a fucking Mastermind

>>17677126
I sold the day before the little crash in february of 2018. Told my dad to sell as well, he didn't. I sold again a few weeks ago. Told my dad to sell, he didn't. I love him but I want so bad to call him up and rub it in his cocky fucking face. He's such a fucking retard.

>>17674845
The US isn't a tiny fucking island with a majority aging boomer population and a youth population full of small penis males who can't have sex based only on technology. It's an ever growing diverse economy with a thriving population that expands every year

>>17675604

You ask some pretty stupid questions. An analogy would be equivalent to telling a rich person constantly getting richer that he won't suffer loosing 70% of his value. Sadly he has gotten more and more expenses as his portfolio grew so although he was fine at that level years ago, he wouldn't be fine if it dropped -70% he wouldn't be able to afford paying his luxury car collection.

>>17674931
That’s a lot of pension funds to bailout

Fair value for the Dow is about 7k, once we hit 7k, I'll buy back in

>>17674755
>So what is the problem?
it's Monday

Anyone who thinks this market action is due to corona deserves to lose all of their money

>>17677430
wait, do you think it's going to go down again tomorrow? last month it just went back up again, by a little at least.

>>17677487
up again tomorrow, down on Wednesday. Nothing falls in a straight line

>>17676871
Ah I feel so bad for the boomers how will they survive?

>>17677597
>all boomers are the same
Well done moron, you've been divided by the nose that knows.

>>17677681
Ah averages aren't representative of a group. Thanks for the insight fren.

>>17676871

>this hasn't already been happening since 2008

guess boomers should've ditched their childish Yolo mentalities from the 80s and actually thought of the fucking future.

the piper always gets his pay.

>>17677709
"A group"? Based on what exactly? An arbitrary fucking birth year?
Millions upon millions of good people are going to be fucked and you're happy about it because of the handful of shitters it will fuck too.
Jesus christ you actually disgust me. If you're just larping then whatever but if you actually think like this outside of 4chan posts I am deeply concerned for you. Get help.

>>17676548
>reinfect
>from a virus
That’s not how it works anon.
You can relapse. But if you recovered from a virus, you don’t “reinfect” unless it’s a different strain.

>>17675683
good thing im 20 years from retirement. i welcoem being able to buy stocks at 2008 levels

>>17674755
>>17674931
jesus fuck dude get off the board and read a book
>hurr why are people freaking out about a single variable in a huge system

>>17677211
This but with my father-in-law so it would be even sweeter. He was trying to lecture me about business plans even though he inherited his whole business and I told him this whole economy is literally fake and he was saying that we won't hit a serious recession again in 20 years lmfao. Fucking boomers i swear.

>>17676380
Good post

>LOL we haven't even gotten to where the market was 4 years ago this is a literal nothingburger!

>>17677807
>Generations are arbitrary
Well gee I guess all social and economic sciences are wrong then. Thanks anon for enlightening us

>>17676871
I was trying to hire a couple people at a job fair the other day. All entry level jobs..I was shocked how many boomers were there. I’m talking people well into their 70s..

>>17677926
Thanks for the recommendation, anon.
https://www.youtube.com/watch?v=dQiBD-crrvA

>>17675861
Put options

>>17674755
consolidation into 6 years of bull

>>17674755
>lose 4 YEARS of gains
>this is fine bro

>>17674755
Now is a great time to buy desu. We are close to where normal growth rate would have been now. Might it go lower? Sure, but the bubble is back to where it should be.

>>17674755
it should go back to 1980 levels, that's when the economy stopped growing

>>17678420
Kek

>>17676267
My thoughts exactly, absolutely based

>>17678472
COPE

>>17676267
Saved. Fucking bang on..

>>17675635
What about the legal section? My mom is a court reporter.

>>17675872
>Moving things from one place to another requires energy,. Energy has a price so that those resources don't get depleted to oblivion. If people cannot afford to pay for that energy then the entire economy of a country gets a huge hit, and it's 100x times worse when it's a global economic meltdown. You CANNOT POSSIBLY go back to 2009 GLOBAL standards anymore, you just go back to 2009 ECONOMIC standards which are simply not compatible with current world dynamics.

I remember when oil was over $200 a barrel, people couldn't afford to drive to work

>>17674931
Do you know what a pension fund or 401k is for that matter? Do you know what happens when they lose double digit percentages in value?

>>17675872
>it's the autist who thinks energy produces exchange value
But if we had perpetual motion machines, the price of energy would drop to zero, right? The exchange value of energy sources comes from the labor required to find and extract them.

>>17676305
Market cycles are inevitable in a capitalist economy.

>>17674755
What do you fags recommend me to buy. I have no idea how this shit works but it look like a good time to ride the wave

>>17674931
So the people who actually control the US would lose some of their wealth.

>>17677849
https://www.businessinsider.com/wuhan-coronavirus-risk-of-reinfection-2020-2

stawks are up 10X off 2010 lows, and many are more than 5X off 2014-2016 lows. so a drop of -20% in march across multiple days is pretty tame. let me know when it's a 20% drop in one single day.

>>17674931
The rich get bailed out anon, everyone else loses their job or their retirement savings

>>17679036
North korea is in an eternal recession. I like capitalism better.

>>17674905
Not counting dividends.

>>17674755
just imagine how much pain there will be

>>17674755
Why are there so many dumbs on 4chan who deny that the future is dangerous based on the absolute value at present without any regard for trajectories or velocities?

>Haha that migrant caravan is X miles from your country so it's silly to worry about, please ignore that it's moving towards your country and is vehicle assisted

>Coronavirus isn't dangerous because the current numbers are X, please ignore the R0 and CFR

>Stock market is fine because the current value is X, please ignore the three straight days of big red numbers, record breakingly catastrophic losses of faith, Algo panic, and catastrophic GDP numbers in a system designed to fail.

>>17674755

DOW 9000, but every move lower only makes the prediction worse

>>17679003
So what if we had infinite free labor robots that required energy to use?

Just waiting for it to crash more so i can buy oil stocks.

>>17674755
I don't think you understand bear markets. Anyways, buy Ferrum if you like money.

>>17676493
Spoopy

>>17674755
It hasn't even begun.

>>17681229
I'm going to be contrarian and say that where we're at right now in the Dow makes a great linear growth rate from the prior 10 years or so. That said, I am hoping for a crash even though its a bit evil to hope for something like that, just so I can make some gains.

>>17681345
You should be getting in now. SLB will not be under 25 for long.

interdasting that this starts during his re-election year, instead of year 2 or 3. almost like they are trying to discredit trump right before a crucial decision is made about whether he is to continue being the puppet. also interdating that biden went from being forgotten to suddenly "capturing the black vote" and beating bernie in delegates.

what should I short bros? or is it too late?