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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 63 KB, 1463x776, SPX 2020.png [View same] [iqdb] [saucenao] [google]
19029026 No.19029026 [Reply] [Original]

>8 people I know personally have opened Robinhood accounts in the last month
>the most conspiracy-minded guy I know who hates banks and kept $40k cash in his apartment just deposited all of it into a newly-opened trading account
>notable DJ in my city (who's now unemployed) is shilling day-trading/forex courses on FB and normies are clamoring to buy them

There's no way every Joe 6-Pack and Eddie Lunchpale "buying the dip" is gonna make it rich with a V-shaped recovery. This is Wallstreet unloading their toxic horseshit onto normies before the real plunge.

>> No.19029043

>>19029026
You are vastly overestimating retail investors effect on the market.

>> No.19029051

>>19029026
Got anything else? That good stuff..

>> No.19029107

>>19029026
if retail investors were buying while wallstreet was unloading the volume would go up but the values wouldnt

>> No.19029204

>>19029026
Either all of these speculators have no fucking clue what a dead cat bounce is, or they do but just don’t give a shit.

>> No.19029211

Your reasoning is wrong but you are close to a good point. When everyone and their mailman are opening brokerage accounts and the dog groomer is giving you stock picks is when you know the market is about to turn downward. We're reaching peak euphoria.

>> No.19029343

>>19029211
>market still down 30%
>peak euphoria

>> No.19029428 [DELETED] 

>when crypto cucks treat the real market like their scam market
Ngmi nigger

>> No.19029461

>>19029043
You are vastly overestimating the volume in this dead cat bounce.

>> No.19029479

>>19029043
What effect, we’re going sideways.

>> No.19029596

>>19029026
70% of traders are short
Good luck with that

>> No.19029773

>>19029026
Dude the virus is fucking bull shit, there is going to be a second wave and old cucks will panic away but they'll either find a fucking bunker to live the rest of their lives or nut up and plow through, the economy is getting reopened full throttle next month and there it's nothing no politician with a cock up their ass can do about it.

Now...
>shilling day trading

Good, I need their savings in my bank account, fuck DJ suck em good he can go back at sucking dicks once this Chinese scare is over

>> No.19029994

>>19029596
Source is your ass I imagine...

>> No.19030177

>>19029026
>This is Wallstreet unloading their toxic horseshit onto normies before the real plunge.
Correct. I have been drunkposting this in /smg/ for weeks.
>t. JPM sell-side

>> No.19030339

>>19029026
You're exactly correct. The economy is fucked for a long time and unemployment will stay disastrous. Nobody will be going to sporting events, concerts, movie theaters, shopping malls, restaurants, bars, flying on planes, going on vacations, going on cruises, etc. for at least the next 18 to 24 months. The whole economy would have already crashed if it wasn't for the Fed pumping it with money. The Dow will bottom out at 12k-13k before 2020 is over. Screencap this.

>> No.19030398

>>19029026
Can't really counter this. The large groups of rich people undoubtedly do not want everyone getting rich. Which begs the question what are they doing behind the scenes to make sure it doesn't happen?
>dumping large bags once many retaul investors are in too cause a gigantic panic sell off
>making the u.s. dollar worthless all while moving into asset safe from that before it happens
>a planned war that'll somehow dump prices
Those are the only things I can think of that might be in the works by this group of people.

>> No.19030435
File: 154 KB, 512x378, 1586377510157.png [View same] [iqdb] [saucenao] [google]
19030435

The denial in this thread is the same in 2017 pre collapse of crypto. Pink Wojacks imminent

>> No.19030444

>>19029343
>he doesn't realize just how many normies bought the bottom in March and selling means literally being rich
>he doesn't realize just how many normies went all in on the CORRECT companies buy calls and are already rich

>> No.19030505

>>19030435
Bingo. Muh stonks only go up!! It's like when everyone was going to be millionaires on crypto in late 2017.

>> No.19030625

>>19030398
You forgot to mention hyping up common-cold-19 and using it as excuse to shut down all the small businesses while keeping open the multi-billion-dollar corporations.

>> No.19030886
File: 330 KB, 1552x601, wallstreetbrainlets.png [View same] [iqdb] [saucenao] [google]
19030886

>>19029026

>> No.19030940
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19030940

>>19029026

>> No.19030956

>>19030940
wait until spx hits 32-33...

>> No.19030987
File: 254 KB, 1000x1000, 1546694552813.png [View same] [iqdb] [saucenao] [google]
19030987

*AHEM*
V recovery will happen regardless if you like it or not.

>> No.19031023
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19031023

>>19029026
Don’t matter. It will melt UP or it will melt DOWN. Either way it melts. If up, USD will see HYPERinflation. If down, well - it’s over. The unraveling of the largest and longest running ponzi in world history will cause famine and death, the likes of which we have not seen in a lifetime of generations. We’re about to find out what happens, so buckle up. Enjoy the show.

>> No.19031117

>>19031023
That’s really dramatic man

>> No.19031119
File: 25 KB, 618x324, Banker-smoking-cigar-dollar-USD.jpg [View same] [iqdb] [saucenao] [google]
19031119

>>19031023
Hyperinflation is inevitable. They will completely debase the currency before they allow a deflationary collapse in asset prices.

>> No.19031131

>>19029343
Last I looked, Nasdaq is green for the year, and the SPX is about 11% off the highs. In 6 weeks. After the deepest, fastest sustained crash in the history of the US stock market.

Yes, the Nasdaq at least is in euphoria mode. I don't think anyone but /bizlets/ with an agenda believe this as anything but an absolute clown market.

The volume is low because the kikes are feeding you just enough rope to hang yourselves--and then they'll happily kick the chair from beneath.

>> No.19031421

>>19031131
Are you shorting?

>> No.19031457

>>19029026
OP is high IQ.
Normies and hoodies will not be allowed to make money. The game is so rigged at this point that if you do not understand this you will get BTFO.

>> No.19031509

>>19030177
Second.

>> No.19031560
File: 435 KB, 1080x1538, IMG_20200508_135536.jpg [View same] [iqdb] [saucenao] [google]
19031560

>>19029026
>This is Wallstreet unloading their toxic horseshit onto normies before the real plunge.
Bingo

>> No.19031695

>>19031119
there will not be hyperinflation

>> No.19031907
File: 12 KB, 1063x532, robin hood buying_0.png [View same] [iqdb] [saucenao] [google]
19031907

>>19029026
This latest bear market rally has proven we are still nowhere near capitulation. Look at all the dumb money zoomers pouring in.

>> No.19031923
File: 494 KB, 810x1519, Screenshot_20200510-192519_Twitter.jpg [View same] [iqdb] [saucenao] [google]
19031923

>>19031907
Buying up all the hottest memes

>> No.19031939
File: 56 KB, 718x521, futures volumes 5.10.jpg [View same] [iqdb] [saucenao] [google]
19031939

>>19031923
And the entire rally hasn't seen ANY real volume.

>> No.19031940

I have buy orders of BTC under $2,000

DO YOU UNDERSTAND WHAT I MEAN?

>> No.19031950

>>19031940
bro we're talking about real stocks not meme coins. ffs

>> No.19031960

my dad just bought stocks for the first time too on RH. crash incoming

>> No.19031968
File: 162 KB, 1928x682, Screen Shot 2020-05-11 at 10.21.06 PM.png [View same] [iqdb] [saucenao] [google]
19031968

v shaped recovery

>> No.19031989

>>19029026
They know inflation is coming, and are exiting the US dollar.
Dollar<Stocks<Crypto<Gold

>> No.19032008

>>19031989
normie retail investors aren't buying stocks to hedge inflation

>> No.19032079

To be fair, banks are old and busted. I live out of my Robinhood account and my credit card. My paycheck goes to RH and my bills get funneled through the CC for points. I sweep cash to pay the balance every month. This is the new way.

>> No.19032097

>>19032008
I know tons of people who just recently started getting into the market. Why? Because they want more purchasing power(which has been eroding for years under inflation), they know the markets can only go up(fed printing), and they don't have much of any kind of future to lose.

The government will conjure as much money as needed to keep the unemployed and big bussinesses open.

>> No.19032124
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19032124

>>19031023
>If down, well - it’s over.
wrong
>The unraveling of the largest and longest running ponzi in world history will cause famine and death, the likes of which we have not seen in a lifetime of generations.
Maybe, but your solution is to triple down on this? you want to fucking triple down on a ponzi scheme? we already doubled down. Infact, current FED action might qualify more actions as a quadruple down. Get yourself out of line with the boomers. life isn't everything, and the conditions we have are unnatural. Reject it.

>>19032097
>they know the markets can only go up
shiggy diggy. time to get dunked on.

>> No.19032130

>>19029043

>tfw cant seperate correlation and causation so discards both

>> No.19032153

>>19031695

*90s anime theme fades in*

>> No.19032155
File: 197 KB, 773x1000, 1584302647665.gif [View same] [iqdb] [saucenao] [google]
19032155

>>19032124
Oh the market is going to go down..... But not before the dollar does

>> No.19032184

>>19031989

Ya ya ya weve all thought that omg inflation da horror

>>19032008

This is big brain thinking. Normies buy bc they got a cool cloth mask that will protect them from corona.

Ty based reason poster

>> No.19032285

>>19029026
This is real. Some of the dumbest people I know are getting into the market right now. They have been calling me up asking how to buy stocks. This is the most bearish signal I’ve seen in years. Like 2017 Katy Perry tier

>> No.19032290

>>19029026
This feels so much like the 2017 crypto bullrun. Random stocks pumping everyday on any sign of positive news. Stocks of strong companies barely go up while stocks of "growth" companies go parabolic even though they're barely profitable, losing money, or have a weak business model. People aren't investing in fundamentals. They just see line go up and buy.

>> No.19032303

>>19029026
LOL suckers

>> No.19032967
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19032967

>>19032290
Hell yeah brother, it is unironically, legitimately, 100% over. That's why today I fucking liquidated everything. EVERYTHING.

It's happening anon. This is the beginning of the next great depression. Stock up, prep yourself for rough years ahead, food shortages, water shortages, global economic instability, war, pestilence, death. It's finally happening, this is the beginning of the end times. We didn't listen, we didn't care, and now we will pay the price for our greed and destruction. The whole system will collapse, society will crumble, knowledge will be lost forever and humanity will never recover.

>> No.19033024

what are the chances bitcoin follows the stock market crash again?

>> No.19033633

>>19029026
My theory:

There are no jobs. This is no demand. Interest rates are zero, so there are no investment returns.

We have achieved complete financialization of the economy where humans don't matter and it's just bots moving money with other bots.

People still need income to pay for debt, food, and utilities. The only way to increase your income right now is to their your pennies into the stock market and hope to scalp some breadcrumbs from the bot movements.

>> No.19033655

>>19029026
Look at the Nikkei in 2000 and tell me it doesn't look exactly the same. Protip: it dumps shortly after May.

>> No.19033680

>>19033633
Or learn useful skill?

>> No.19033725
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19033725

>>19029026
>the most conspiracy-minded guy I know who hates banks and kept $40k cash in his apartment just deposited all of it into a newly-opened trading account
He's a fake conspilet, a true conspiChad is all in physical gold&silver, and would never hold talmudic fiat to begin with.
I bet he still believe planes crashed in the WTC instead of Raytheon missiles with planes' holograms projected coating them.

>> No.19033745

>>19029026
>>19029043
Basically half of my social network made a new account and threw in money, some even their whole savings.

We are near the peak, and as you can see...we have big sell offs every day.

>> No.19033794

>>19032967
this but unironically

>> No.19033808

>>19033680
There has to be demand for the skill. We're only spending money on our needs. We're a whole society of grocery store and utility workers now. The economy is now just the business of maintaining human life so we can... I don't know, what do humans do after their needs are met? We're not doing anything right now. Wow I said "now" a lot.

Maybe I'm just massively bored recently, but what I'm trying to say is, even if you gave me $1 million right now, I'd have nothing to spend it on. All my food, shelter, and utilities are already taken care of. I have no children or friends. I find traveling stressful. I burned out on video games long ago. Materialism like cars or furniture is just more shit to take care of that will eventually break.

We reached the endgame of life and there's no content.

>> No.19033819
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19033819

look at all these asshurt cashfags ITT who are angry and vindictive because they made literally zero money from the bull trap.

>NOOOOOOOOOOOOO NORMIES JUST CAN'T MAKE MONEY THAT'S NOT ALLOWED THE MARKET IS RIGGED YOU'LL LOSE IT ALL JUST TWO MORE WEEKS YOU BULLS WILL GET SLAUGHTERED
fucking pathetic

face it, chad bought the dip and made nearly double his money. and he'll have plenty of time to cash out his profits because the next "leg" down is guaranteed to be a slow, steady decline just like every single other recessionary period that follows a bull trap.

>> No.19033825

>>19033819
cringe and lowIQpilled

>> No.19033829

>>19029343
>market still down 30%
What does he mean by that? Nasdaq positive YTD in the CURRENT fucking situation. SPY 10% to ATH.

>> No.19033857

>>19029211
Top kek. I’m guessing you made 1 million like I did shorting the market on the way down then huh? Fucking poor bitch

>> No.19033870

>>19033819
Correct.

>> No.19033898

>>19033819
>future event
>"guaranteed to be"
moron

>> No.19033912

>>19030177
Nice, how do you think JPM will do?

>>19030444
Almost none did this. Even in wsb, most of them held puts not calls.

>> No.19034088

>>19030339
ppl are already doing these activities at reduced volume

>> No.19034153

>>19029026
I also noticed a lot of ads on facebook with some traders, or ex influencers shilling stocks. Most of them shill oil kek.