/biz/ - Business & Finance

>>17878413
Holy fuck this might really happen

>>17878413
19k AAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>17878436
FUUUUUUUUCK

OH NO NO NO

WOWEE now what?

WHERE THE FUCK IS THE BOTTOM

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

And so the NEETs have inherited the world.

>>17878556
as God intended

>>17878413
MOMMY

>>17878556
Yes we fucking have. Fuck is it great being me.

>>17878556

BASED

ITS JUST A FLUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

>>17878413

I only invest in shticoins with ebin memes so I have no clue how this works.
what's dow and is 20k bad?

>>17878686
dow is btfo anon
dow is btfo

Just bought. got that feeling i've bought the very bottom

>>17878686
Yes it means you lose $20,000USD for everyone $1 invested

>>17878676
>>17878682
What did you expect, lockdowns are only just starting.
We're looking at months of actual economic downturn.

What's surprising is we already dropped this far.
This is going to be the absolute worst depression in history, and it's all because of what is unironically a slightly more severe flu.

>>17878686

>>17878721
but what is dow?

Fuck, it went under 2000. Welcome to the great depression.

>>17878686
Boomer economy, if it goes down we all go down with it.

19770 is literally the bottom
relax

lol

>>17878413
JOIN THE OFFICIAL /biz/ DISCORD discord gg xFuuSTZ

Turn the chat pink with us bros
AAAAAAAAAA

>>17878745
>>17878810
when is it going to go back up? all i see is places closing down and the world market closing left and right.

4 years of progress gone in a week lmao

>>17878775
You fuckers werent here when it was below 10k. This is fine.

Reminder

>>17878556
Uh hello, PATRICIAN department?

>>17878753
IT WAS ONLY A FLU
IT WAS ONLY A FLU
NOW I'M BLEEDING MONEY
AND IT HAPPENED SO FAST
CANT AFFORD ME A SMOKE
MAN WELL THIS IS A DRAG
NOW ITS BREAKING 10K
ANY MY STOMACH IS SICK
AND ITS ALL CAUSE THE FED
BUT SHE'S BRRRING SOME CASH NOW
HE SIGNS OFF HER CHECKS NOW
LET ME GREEN
AND I JUST CANT LOOK ITS KILLING ME
AND TAKING CONTROL
AAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHGONYYYYY

>>17878413
Dead pussy bounce

>>17878868
It isn't, anon. Not for a long time, possibly not in your lifetime.
Welcome...
to the hard times.

>>17878413
See you at 10k.

>>17878971
Ok doomer

>>17878923
https://youtu.be/ex8WR_1zLxE

>>178784
>tfw caught the "dip"
https://www.youtube.com/watch?v=ePRZC_OulYc13
https://www.youtube.com/watch?v=GXFSK0ogeg4
https://www.youtube.com/watch?v=_jBLyIQvNf0

>>17879032
>implying past performance is indicative of future results

>>17879028
Hah! No. This was inevitable, i'm just lucky enough to live through it in my prime.
No, this isn't doom, anon. It's the opening credits.

>>17879124
buy in sequence 1, 2, 3, 5, 8, 13, 21, 34, ...

>>17879183

>>17878757
How can BOTH axis be so completely fucked?

More like DOWN Jones amirite?

hahahaha

>>17879274
hahaha GOTEEEEEM BOIIII

>>17878413
Gotta keep it above 20k

>>17879218
I'm guessing 5 months ago you would've posted this to anybody saying WuFlu wasn't a nothingburger. And look where we are now.

>>17879197
anon im just foolin around because people got more and more arrogant about the stock market every time it broke to a new high.
ive had no shirt in stocks since the summer of 2018. i take it you do. be careful.
i'm all in crypto at this point so im ready fly or get btfo every day of the week lol

>>17878413
ya 20k broken is a huge psychological barrier for a lot of boomers, i suspect we hit 15-16k soon, worst case by end of this week, but if not then 2-3 weeks max

>>17879345
I'm guessing you're a retard, and I'm pretty confident in that

>>17879345
It has nothing to do with flu and we all adult people know that

>>17879345
The Flu is irrelevant. It's about the fact that this entire thing was overstimulated to hell and back.
Don't be asinine.

>>17879417
As confident as you were in your stocks, or...

>>17878556
very BASED

>>17879520
In response to what, exactly? The feds don't have to overstimulate a perfectly *secure* economy. Investors got panicked, because there is a pandemic sweeping the world and the global response has been to hit the breaks on everything, two/three weeks too late.

>>17879426
>tripfag
>schizo
checks out

>>17879580
well look on the brightside now people have something to blame the economic turmoil on

>>17879580
It's not been secure in years. That's the point. Excesses weren't allowed to bleed off, and now everyone's paying the price.

>>17879374
If it will go down few month in the row, I will be invested for 5 years and ass soon it starts dancing up and down weakly, I will low down middle bought price by buy and sale in a few days. 2018 imagine if you wouldn't sale then, all your investments to day would be back (before this of cause)

>>17879580
>muh new paradigm. corrections are mathematically impossible!
every cycle follows the same patterns and every time people convince themselves that this time its different. this particular cycle was bull to such an extreme degree. you better believe the bear is fucking serious now. expect "dow breaks 10k" threads in the future.

>>17878413
And I feel fine

The world existed before the dow, we just need to go back to simpler times. Don't wait until it reaches the bottom

>>17878917
lmao
Legendary.

>>17879663
>>17879667
>>17879685
China has shut down anywhere from half to a third of their industrial output, including exports.
Are you really gonna tell me that's a market force?
I'm not denying this was inevitable, in fact >>17879183 it was one of the first things I said.

The *point* is, it was triggered by a real-world happening. The worst possible time for the other shoe to drop. The perfect storm of shit.
If you're gonna deny that Corona has had *any* impact on this downturn, you're deluding yourselves, and you're in for some hard months ahead.

>>17879609
Cancelling sport evens by free masons that keep ruling positions, have impact and timing. Stocks have to come down my friend was invested in bear 4 weeks before this falling ... so he already survived stress and now happy .
Down go faster then up , but up go always higher, then down. have in mind that it is observe able truth. We all fishing for bottom and dream buy largest amount last one.

>>17879848
Schizo

SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL

>>17879848
you’re the guy on the subway who talks to himself while wringing his hands

>>17879848
back to >>>/x/ with you

>>17878413
>WHY ARE WE STILL GOING DOWN! WE ARE PRINTING 1 TRILLION A DAY!
MAYBE BECASUSE THAT KILLS THE CONFIDENCE OF INVESTORS YOUR BRAINDAMAGED FED

Ignore the schizo and sell this bounce if you haven't already gotten out. Also get some fat shorts in. We still have a long way to fall, and I expect tomorrow to be the true end of the 20k+ Dow.

>>17880144
how do i short, i have never stocked before, i have a phone and $100 tell me what to do

>>17878917
I don't even hate trump but holy shit

if this is ACTUALLY the start of a recession he'll be known as the guy that signed off on it

>>17880473
*zzzzzzzzzzt*

...

*zzzzzzzzzzt*

They're waiting, anon

>>17880473
If you don't know how, you're not ready for it.

If accounts are "insured" to 100k, but banks don't have to hold any reserves, what's to stop them from recklessly overlending infinite money, cashing out and saying "whoops lol the government will have to pay you now" when it catches up?
Isn't 0 reserve basically letting individual lenders print however much money they want?

>+500
Oh yea

>>17879813
of course it did. but the other point is if corona never happened, it would have just been something else that triggered to bubble to burst. tesla pumping to 900 in january and the cyber truck memes was like bitcoin spiking to 19k while katy perry's was taking pictures of her crypto nails. was a clear top imo.

>>17880717
Yep. Hence "welcome to the Great Depression 2: Electric Boogaloo"

>>17880901
so we should all take out loans then?

>>17878753
If it wasn't Corona it would have been oil that triggered it.
The market has been in a total clown world for ages with the money printing. This isn't a Corona depression, this is a cheap debt depression that we're going to see.
Corona just got things running.

>>17878413
THIS IS NOW A 10K BREAKING THREAD
GO DOOOOWNNN

>>17880929
You're delusional, the global and local economies are grinding to a halt as people have to stay indoors.
All of this is due to the virus.

>>17880920
Because of the great depression banks are smart enough to word loans such that if the dollar tanks you pay what you effectively owe not what the intial number was.

>>17878413
YOU TOLD ME IT WAS GOING DOWN, WHY ARE WE UP 4%?????? WHAT THE FUCK BIZ WHAT THE FUCKKKK AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>17878413
MY EMPIRE OF DIRT

DAMMIT I WAS ITM HALF AN HOUR BEFORE I WOKE UP

STUPID PACIFIC COAST I DON'T WANNA WAKE UP AT 6AM WHEN I'M UP ALL NIGHT PLAYING WITH MY DICK


AAAAAAAAAAHHHHHHHHHHHHHHHHHHH

>>17880961
Yes, like I just said Corona got things running, but it's not the reason why we're going to see great depression 2.0
It's not the reason why companies are buckling under a fucking week into these lockdowns. Businesses don't have money, they just have debt and can't exist without a constant economy pump going on.
We would have gone down anyways, because this system is so god damn unsustainable and everyone is saturated with debt.
This isn't a corona depression, this is a cheap money debt based depression that people have been waiting for ages to occur.
Corona is just the pin that pricked the everything bubble. But if it wasn't Corona, it would have been oil or something else getting fucked that has an effect on a global level.

>>17878413
>he didnt buy sub 20k

>>17881098
>the thing that's causing international lockdown only got the ball rolling
k

>>17878413
>The number one rule of /biz/, buy high sell low.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!! KEK

>>17878686
Don't bother, it's dead anyway.

>>17880856
So the market *had the potential* to burst at something else, and *that* is the hill you're going to let your argument die on. Cool.

Wallah, and just like that the dow will never be below 20000 again

>>17881133
Exactly, now you got it.

It really is amazing how short people's memory is.
Show them a virus and a lockdown and they immediately forget that this market wasn't running on any kind of fundamentals and people have been waiting for it to crumble for a good while now.
If this was a genuine bull market, companies wouldn't have to instantly start calling for bailouts from the government.
We see big ass businesses lose +50% in a god damn week and some of you brainlets still think it's all because of a flu put things into lockdown for a while.
Ever take a look at the record high consumer and corporate debt and wonder how we're seeing so many loan delinquencies at record low interest rates?
That had fuckall to do with Corona. Instead this is all about debt saturation and a constant need for low rates and QE to keep things afloat and even that was about to fail.
Anything could have crashed this house of cards.

ORANGE MAN TALKING
SELL SELL SELL SELL SELL SELL SELL SELL

>>17881293
>virus cause global lockdown and thus market meltdowns everywhere
>SEE I TOLD YOU THE MARKET FUNDAMENTALS WERE ABOUT TO COLLAPSE

>>17881327
Yes, that's exactly the point. What part of it are you not comprehending?
>Businesses are leveraged to all fuck, live hand to mouth.
>Supply chain disruption for a few weeks.
>No income.
>Delinquent loans.
>Start calling for papa fed to save them, probably even the treasury.
And that's without even bringing the banks into this.

>>17881427
That's like saying what really fucked Hiroshima was its lax building code.

>>17878917
What is this? I can't read the writing

>>17881308
>ORANGE MAN TALK
GREEN LINE GO RED GREEN LINE GO RED

>>17881493
donald signed a zoomed in graph of that pump and sent it out to his supporters the day before it doomped even harder

>>17881485
That's an oversimplification, but definitely re-purpose that metaphor for something correct in the future, it flows well.

>>17881660
The analogy is apt.

>>17881327
Yes.
What do you think that the shiny rock salesmen like Peter Schiff have been talking about for so long?
It's really beyond my comprehension how people like you can watch companies like Tesla pump from 200 to 900 and down again and still think this market is in any way grounded to fundamentals.
Then you pea brains go:
>Well no one could have seen this coming, this was totally unexpected that the market would go apeshit.
>Had to be this one unexpected thing that happened and that harmed the markets that's causing so much havoc.
>Has nothing to do with cheap money though, it's all about this one unexpected thing that's having an effect and we would have been totally fine without it forever.
I'm now telling you that we're going to see 60-80% drop in the end and we're going to see real estate tank and debt exploding in everyone's faces over the coming years.
We might also see things like HSBC get absolutely raped due to them being so dependent on real estate and everything going up forever with low rates.

You know we never left 2008. That drop was practically halted through money printing and market has been increasingly more volatile ever since.
This fall was coming within the next 5 years no matter what was done to try and prevent it.
It just happens to be corona that pricked this bubble, but it's not the fundamental reason we're going to see the depression.

>>17881485
I'll give you a better analogy.
Hiroshima was caused by the war, not the bomb.
That city would have gotten fucked regardless of the nuke being dropped or not.
Nuke is like the Corona in this case. Doesn't matter if it was dropped, that city would have been firebombed and destroyed anyways.

>>17881754
Write more words, I dare you.

>>17881485
>Douse yourself with gasoline
>static discharge ignites it.
>See! I told you that thing the weird Italian Volta guy was talking about! It's all it's fault!
Pull your head out of your ass m8. The virus has greatly exacerbated as well as accelerated the issue. The fed had plans to handle this when it does happen, they just to put them into action much sooner than expected. Look at the oversubscribed repo ops, as well as the timings of it.

>>17881809
>the unprecedented global pandemic that's causing global shutdowns was just the spark

>>17878556
>no savings
>no source of income outside of the government
You have inherited what? A corner and a few cardboard boxes once food starts running out in your home?
If this gets much worse shit is going to hit hard, and people like you will be among the ones who will suffer the most.

>>17881766
Haha, don't have the attention span to read something longer than a twitter post?
It's fine.
Just cover your ears and eyes and shout "LALALALAA can't hear you!"

>>17881850
>Only thing that matters is the present moment.

We must band united!

https://youtu.be/DnTfAMT9yIk

>>17881850
Explain to me how chang eating bats leads to the liquidity crisis banks are having?

>>17881942
Tell me you're literally joking.

>>17881904
>thinks he's really smart and got it all figured out
>spends his time on 4channel writing massive epistles nobody will read

I mean I love AAAAAARRRRRRGGGGGHHHHHHHHHH posting as much as the next bear but it's good to have a break I can't be watching a screen hoping for red numbers all day I need to find a job.

>>17879580
>Perfectly secure
Boomers really are cluess.
The market hasn't been on solid foundation since the fucking 90s. Why the fuck do you think the fed has to do all these liquidity injections? It's to keep your geriatric ass and your 401k above water. Absolutely clueless.

>>17881983
You haven't explained to me in any single way how I'm wrong in what I've said.
Because you can't.
You're just saying "nuh uh! It's not so!"
You buy in like a champ and then wonder how things eventually crash as low as they will. I mean where's this fucking debt coming from, drop was supposed to be just because of the flu, right?

>>17882326
>inb4 The virus caused companies to borrow several times their net worth.
You just can't help some people anon.

>>17882326
>>17882606
>blow up a house with TNT
>"see I told you the foundations were shit"

>>17882176
See >>17879813
and >>17879183
And re-read that entire post again, instead of the two words you singled out to vent your frustrations you fucking sperg.

>>17882770
lol give more wacky analogies
analogies prove you're smart

$850
B
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N

D
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A
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S

>>17878413
Down down down

OwO whats this?

>>17884268
Mating pressed tranny pattern. This is bullish for chainlink.

>>17880901
So should I withdraw it all?

we going to make it right?

>>17884544
no

>>17884544
yes

>>17884544
maybe

post accompanying themes
https://www.youtube.com/watch?v=_CTYymbbEL4

>>17884544
No. Not with out a bail out.