/biz/ - Business & Finance

>>18514621
see you at 6000 dollars

>>18514621
We’ll see.

>>18514621
The end of the world isn't exactly priced in, it's indirectly priced in as a support level, which is rational even if it is driving normative bears insane right now

>>18514621
> muh fibonacci retracement
when are we testing lows again

This economic data looks grim, I think to myself. This is the right move. I look to the cracked screen of my iPhone 5s. A single 6/19 SPY 200p. I take a deep breath, and swipe up to submit the order. As RobinHood's little animation shows the order completing, I suddenly black out.

I come to in a gray room, fluorescent lights humming above. I'm upright in a metal chair, restrained, with my arms and legs zip-tied. The only feature in the room is what I assume to be a Bloomberg Terminal in front of me (I've never seen one in real life). There's so many screens. It looks so professional. A dizzying array of charts, numbers and symbols light up its dozen monitors. In the center, the S&P 500. 2700. Out of its bear market.

I hear several sets of heavy footsteps approaching behind me. I try to look, but can't move much. I sense several burly men standing over my shoulders. To my surprise, Jerome Powell steps in front of me. I try to speak up but he cuts me off. "What am I-"

"Why did you short the domestic market?" he asks.

"Huh?" I respond, confused.

"Why did you short the domestic market?" he demands, louder this time.

>>18514759
"I, uh... the coronavirus is a global pandemic. It's going to cause-" WHAM! One of the thugs behind me slams my head with something heavy. It's a bundle of $100 bills. They're still warm from the printing press, and the fresh smell of ink fills my nose. It must be a million or more.

"It's priced in," he says coolly. "So why did you short the domestic market?"

Dizzy from the blow, I notice the screen behind the Chairman. The S&P has climbed back to 2850. Impossible, I think to myself. "Be-be-because unemployment is approaching 20 percent!" I manage to answer. WHAM! Another blow strikes me. This time, a heavy bag filled with paper. It explodes on impact, raining bond certificates like confetti all over the small room. I catch a glimpse of some as they float to the ground. Investment grade bonds from Ford. Loans to cruise ship companies. Loans to a taco truck.

"Repeat after me: stocks only go up," Powell demands.

I say nothing. On the terminal behind him, the S&P has climbed well over 3000. An involuntary guh escapes my mouth as it falls agape.

>>18514763
>>18514759

Powell frowns and continues, "I'll ask you one more time: why did you short the domestic market?"

I feel like I'm going to pass out again, but with all the strength I can muster I shout, "GDP declines are going to dwarf the Great Depression! The outbreak is far from over! Stimulating demand won't work if there's no supply! Social unrest is a real possibility! We're in uncharted ter-" the hardest slam yet hits the back of my skull. It's a massive stack of printer paper. It falls to the floor with a thud. Some sort of Excel spreadsheet is on it. It's the Fed's balance sheet. It must be tens of thousands of pages long. I can't even count how many digits are in their asset balance.

"Stocks only go up," Powell repeats. Behind him, the chart shows the S&P has continued its rise at a blistering pace. It leaves 3300 in the dust, making new all time highs.

The first two blows to my head left me feeling woozy. The third one, though, brought sudden clarity. Tears well up in my eyes, but they are not tears of sadness as my puts become worthless - oh no. They are tears of joy. Suddenly, I see it. Suddenly, the truth rings out as clearly as if a chorus of angels has descended from Heaven to sing it into my ears. How could I have been so wrong all these years? In this moment, I am enlightened. The pieces fall into place.

"Stocks only go up," I say.

>>18514759
>>18514763
>>18514775
Kino

>>18514775
art

>>18514621
GOOD BOBO

>>18514621

>>18514658

>>18514775
nice. reminds me on 1984

>>18514759
>>18514763
>>18514775

>>18514621
what I really dont understand about /biz/ is, why the "priced-in" argument is only brought úp whenever something bad has no effect on the stock market. The fact that the number of new corona cases is declining, that Trump is planning to open up the economy and so on, should also be priced-in. If something was priced-in it shouldn't have an impact on the market...

>>18515336
Because nothing is actually priced in until it happens
During bear markets bad news causes sell offs and good news is ignored and the opposite is true for bull markets
The market is in full blown hysteria mode right now