/biz/ - Business & Finance

OIL

What’s with the fag and nigger enabling comic?

>sell in preparation for EoD dump and weekend dump
>EoD dump happens
>already recovered in after-hours

FUCK

>>19542546
That man was clearly right
Isn't that the point?

SSL

>>19542548
>he thinks after hours means shit on the weekend

King of /smg/

>>19542561
depends on when this comic was made

SPY 330 JUL 1ST

So when's a good time to cash out?

>>19542512
All of those cartoon panels are still right today.

>>19542512
Each one was empirically worse for white society

>>19542546
lefty/pol/ shills /biz/ because its related to capitalism.

>>19542548
>after hours

https://www.bls.gov/news.release/empsit.nr0.htm
>Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent
>We magically gained 2.5 million jobs
Even analysts are confused how this is possible
>13.3% unemployment
BOOMING ECONOMY! BRIGHT FUTURE!

>>19542512
>whitey bad
>whitey bad
>whitey bad
>whitey bad
Hmmm I wonder what phenotype this comic creator is?

>>19542584
SPY 350 JUL 7TH

>>19542654

>>19542630
i knew boomers were absolute fucking brainlets, i never realized it was this bad and that their retardation would cost me money

>>19542576
It's only getting more true as time goes on

ZM put bro, report in, you holding ?

>>19542512
>some artist thought this would be a convincing argument
lol

>>19542630
this is real numbers

>>19542512
And society has been on the decline every decade. Makes you think.

>mfw

Are we solidly in mania phase now? The market seems like it's going to rocket way past the previous high despite it being overvalued even at near 30k.

>>19542692
I got out at an 800 loss. I don't see a path to ZM 172 to break even by the 26th.

>>19542711
>30%
I've been saying that for a while. 40 million unemployed is completely and totally insane. The ramifications will not be truly felt for a few months though as people desperately draw from any money/credit source they can to live. We may get another stimulus check before November to prevent total collapse. People like to say things are fine because the market is up, but the market isn't connected to reality anymore.

>>19542798
how come ? i honestly think there is nothing holding it right now, all the puts have been eliminated today, no zombies to hold it high, maybe im wrong

>>19542512
Made $60 profit only on one 1 HAL call. If only I bought more instead of buying bsx and blizzard

>>19542561
No I think the point was showing the disregard of morals in todays society resulting in the world today.

Get pumped on faggot bears

TSX chads report in. Red or green, I'm selling my clothes and furniture and buying more HFU next week.

220% all time

Feels good

>>19542822
Mostly because of ETF pump. Granted, I sold out too early, but I don't see it dropping that low.

>sold CUK and put the gains into SSL at 8.96
I'm either going to have a rageboner or legit boner next week.

Who remembers people bragging about buying sqqq bags at 20 per. Oh my

First for Jesus

Did you faggots know that I honestly think women shouldn't be allowed to vote?

>>19542512
Im new here, I got $2000. Should I buy airline stock? How do you guys decide what to buy?

How can I see weekly gain on Fidelity? I only see daily % (which is 5.64% for me)

Any thoughts on CVY? It kind of looks like shit but it has a good dividend yield and it has multiples less than half of the median as well as better dividend-adjusted growth ratios overall.

>>19542897
there is a lawsuit deadline coming as well, there is a chance etfs will dump it as well

>>19542787
Lets not forget F and GE. Another Robinhoodie favorites that got blasted to the moon.

>>19542711
What are shadow stats?

Today was the day Robinhood poor fags absolutely dabbed on institutional investors.

>>19542866
Monday the bear leaves his cave for summer. It's going to be the age of the golden bear. This pump was to get everybody to fomo in so (they) can start a new trade war with Chyna and cuck all the covid gains away.

>>19542915
Buy 2x or 3x financials ETFs. Like HFU on TSX. We're going to the moon baby.

>CNBC keeps positing actual reasons for this massive gain
>they never talk about QE4ever

Why won't they give it up for Jerome live

>>19542915

>>19542512
>https://baggieyoushould.kys.fag

based op

>>19542949
shadowstats are statistics how they used to measure things such as inflation and unemployment

>>19542949
Literally made up numbers by bears

Literally.

The Truth About Unemployment https://www.youtube.com/watch?v=ZQZ1B4eAQX4

Bulls are unironically kill. Good luck next week.
>t. timed the bottom

>>19542949
There's the stats that they show you and then there are the deeper stats that they do not show you. Consider for example how the CPI does not factor in the housing market when calculating inflation.

>>19542915
People on /smg/ are anywhere from veteran managers to degenerate gamblers. If you don't know anything, just buy SPY or QQQ and do your own research.

>>19542966
canadian financials? I was considering FAS but today's rally was pretty intense.

did you take your aeroplane winnnings?

Is it possible to track the current break even price for whoever owns my call I sold?

>>19542993
>bobos get one 2% dip
>claim victory
>market rallies 20% before the next dip
every time

>>19542963

When are y’all going to get tired of saying that same old shit.... any week now guys...any week

>didn't have time to look at the market today
So what's the verdict is it going to be a pump or dump over the weekend and at Monday open?

>>19543003

There are some people here I think that don’t dabble in the markets at all and just talk shit. Like the guys who goto /fit/ but never ever actually lift.

>>19542992
>shilling your channel
I suppose you got to start somewhere. Definitely better than most of the shit on Youtube nowadays.

>>19543012
I haven’t shorted until we kissed 321 today. Sorry you’re a retard newfag who doesn’t trade up and down.

>>19542546
Slippery slope confirmed

>>19543018
Its going to pump all week next week with no brakes

>>19543008
Nah I missed out on airplanes. I only buy on TSX so that's the reason for recommending HFU. I'm betting on the loonie going up with oil over time so if there is something international I buy in loonie hedged form.

What's the verdict on airlines on Monday?

>>19542898
Fuck next week, what you should be getting erect over is Sasol's inevitable Q4 performance.

BTFO

>>19542909
Regardless of gender only married couples should vote
Who cares what a bunch of people who can't even fuck to save their species have to say about the future of the nation.
Also no gay marriage but I think everyone already agrees gays getting married is more of a domestic partnership anyway.
>Letting gays near kids
Lmao

>>19542546
>>19542617
It's anti-Jewish if you read the comic correctly.

>>19543055
Things might be really good or things might be really bad

>>19543064
Buffet can now die in peace knowing that he fucked up his final trade

>>19542993
>>19543012
>>19543064
>30% unemployment
>massive civil unrest
>second wave of pandemic
>oil still unstable
>debt crisis still in full effect
>new all time highs
Yep. Sounds like another day in clown world.
*sips*

>>19543053
I didn't buy anything, FUCK!

>>19543064

>>19543064
> to soon

>>19543037
cope more

>>19543091
This will probably extend his lifespan. It gives him purpose, he can't go out like this.

this bull run is really turning me on

>>19543093
You pretend your complete lack of understanding and 85 IQ take of the stock market is actually profound insight

guys someone break down the legit risks of holding crude etfs right now? i just loaded up on a variety of leveraged etfs. oil etfs are still down like 85% since march.... seems like the perfect time??

>>19543096
Im buying airlines on Monday sweet Vishnu

>>19543120
Buffett should all in on spy calls before his death, imagine the gains in his final trade.

I blew up my account and only have a $100 left. What calls or puts should I yolo it into?

>>19543132
>I smart
>you dumb
Yes you are, you are the smartest!

I've never had to sell before, I just keep buying it always seems like there wrong time to sell until it's too late.
Luckily for me everything always bounces back
I'm planning on keeping all of my stocks for at least 12 months to avoid some taxes
Anyone have sone tips for long term investing?

>>19543157
Go buy some crack cocaine instead.

>>19543177
That's the gist of your retarded autistic spam.
>market iz clown
>me smart
>look at my list

>>19543138
you're right they're still relatively down since march. I don't know if its a perfect time but OPEC is around the corner sometime around saturday or tuesday. thats why you saw a huge surge right now.

Woooow I'm only a half percent away from 100

Quite bearish in my humble opinion

>>19543177
oh no... covered call anon is also "muh clownworld" cat anon?

>>19543199
Vanguard unironically, keep maybe 10% cash for swing trades.

Who /retard/ here? All I do is put money into my ETF. I don't even check prices or anything, I just do it every few months.

What are you top picks in office supply retail for long term stability?

Should I try to buy in AH or wait for a Monday dip

>>19542692
I'm here and I'm holding.
Zombies and shorts barely held it up today.
That shit IS going down

>>19543143
Same here, I'll be buying into airline dips when people want to secure their profits and sell off Monday at open.

>up 1400% on wti futures
>still haven't sold
i will fuck everything and everyone once i have this massive amount of fuck you money come monday

>>19543251
Based passive investment bro

>>19543208
I'm just making money my dude. No need to cope post.

>>19543199
yes,
do it in a Roth IRA.

If you're not in the USA, then I've got nothing for you except: Don't fight the Fed.

>USAC upgraded to "buy"
>Opens at +8%
>Flat by the end
>-2% after hours

I'd be mad if I wasn't already up 50%

>>19543287
Not an argument. I'm making money too.

bullish on casinos

>>19542872
Mega green.

>>19543315
I wasn't making an argument, just stating facts, so whats the problem?

>>19543096
Holy fuck
Imagine being balls deep in Asian gash, not caring about the bullshit in the west
Not having to pay attention to politics
Just plowing away at a girl with an alien head on a ten year old boy's boy

>>19543205
god i wish i had some crack cocaine rn

"I-IT'S GONNA DUMP ANY TIME NOW. T-THE FUNDAMETALS DON'T ADD UP. P-PLEASE SOMEONE BUY MY PUTS I'M UNDERWATER HELP ME"

>>19542966
These leaves say buy MgDonal.

>>19543199
Learn about value investing and then about dividend investing. When you know how to value a company beyond its price and you receive money from them that you can reinvest in them to buy even more shares you will tend to hold on for longer so long as the business holds up.

Also, learn about index fund and ETF investing.

>>19543157
VAL

>>19543348
I'm imagining it right now
I need to fucc a yellow bish so bad bros

>>19543055
I expect some kind of consolidation but i don't know. The volume is wild.

>>19543251
That's how you actually win.

>>19543138
I bought HUC last week. It represents December of next year futures rerolled each June. Seems better than near-month or one-month futures.
http://www.horizonsetfs.com/horizons/media/pdfs/productsheets/HUC-Product-Sheet.pdf

>>19542528

Loaded up on GUSH and DRIP calls towards EOD. I don't care whether the market goes up or down, I will be making money on Monday.

>>19543369
Value investing has been dead for more than a decade. Boomer dividend investing has been dead since 1990's.

God wish I bought dfen at 12 when you assholes shilled it. Sitting in comfy cozy REITs ain't bad either tho

>>19542909
Tell us why incel

You heard it here first. When Hertz corrects next week it will be a prime buy. It is literally at 1% stock price from the bankrupcty. A business like Hertz will not go down without a fight, though. It will rebound over the next one or two years and be an easy 10x.

Don't say I didn't tell ya.

>>19543502
still time to buy nkla, friendo

>>19543093
>wakes up in clown world as resident
>turns on the news
>niggers bitching about U.S. having laws
>Coronita-chan ass raping Brazil
>everyone is unemployed
>log onto /biz/
>post "first for anime"
>buys high af, sells even higher
>market closes. Cashes out
>watches hentai with onahole harem
>falls asleep with onahole anime harem
>rinse and repeat for 1 week
>made $10K this week

This is literally the best apocalypse ever, desu

>>19543348
>>19543399
>he hasn't done race play fetish sex with an asian girl yet
you're missing out dudes, its pretty fucking hot

Ah fuck whoever told me not to fomo in, i knew I should’ve grabbed some leveraged shit for a daytrade.

Instead I took too much profits on the rip. My TUP call ended the day much higher!

>>19543143
Perhaps wait a bit we're been climbing from base camp now a long while.

#1 dont lose money
#2 dont forget the rule number 1 (buffet did forgot his rule #1 :) )

https://www.youtube.com/watch?v=HiP1LSlKaio

>>19542512
Can't tell if I should have sold today.
Gut says yes, brain says hodl.

Has anyone made a chart of the post-March rally adjusted to scale out the trillions printed by the Fed?

>>19543485
This. The markets have changed. Imagine if you were using the same strategies from 1940 in 1990. You'd be retarded. Same thing today. Markets are constantly changing.

>>19543343
based

>>19543539
>none of these weigh 20kg or more
How is it supposed to handle the thrusting?

>>19543533
Bankruptcy proceedings will have them restructure their debt primarily for credit and bold holders and then maybe issue new shares to them. Holding shares of a bankrupt company is literally burning money. Companies can survive bankruptcies. Shareholders get wiped out

>>19543061
this. SSL CHADS. Lake Charles Plant is gonna be a best, opening in Louisiana

>>19543533
That's just cruel man.

>>19543539
Who wants to live in a boring world of 0.1% gains? Clown world is an adventure.

>>19543556
How? Would you chart it against the weekly balance sheet numbers?

>>19542512
So how long are you going to hold your oil /biz/? Through summer and dump?

Guys is their a good calculation website where I can plug my options in and see what ifs?

>>19543557
B BUT MUH GREAT DEPRESSION

>>19543549
Brain is right imo. I was jumpy all through May selling when I thought a dump was coming, and I was right a handful of times too, but time and time again I look at stocks I've held in the past and see all the lost gains. Even if Monday is red, unless there's another *happening* like COVID, it will go up eventually.

So you know....HODL

>>19543589
No clue how it would be done, just struck me as an interesting exercise to get a more accurate view of the retrace in stonk prices. If so much easy money has been going into the system, then we can't really call SP31XX today equal to SP31XX a few months ago, right?

>>19543485
>>19543557
Let's say I'm totally wrong and outdated. What then is the way to invest now? What is the long term strategy, what is the endgame, why is it superior to value investing or dividend investing, and where can I learn more?

>>19543591
When everything goes back to normal, oil will be at $50/barrel or higher. If I need cash I'll dump it if oil is above $50.

Be at peace IVR chads, its rallying in after hours. We're going to make it.

Also is buying calls worth it if you can only afford a couple?

>>19542561

It means you need to get rid of the jews and you won't have the other problems in the first place.

I've been using Questrade for a while now but I get jealous of your beautiful Robinhood account graphs that Questrade doesn't offer.

Any good portfolio tracking websites / apps you guys suggest?

>>19542584
kek try next friday

What exact time does an option expire? I wrote one that expires today, but it's still on my positions.

>>19543556
>>19543589
>>19543673
Hello

>>19543699
Pls respond

>>19543674
buy red line then it be green line.

>>19543577
Sold out of SSL today (325% gain) did i sell too early?

Why aren’t you buying otso gold and helping pump my bags back to .08cents?

>>19543541
>Finally get a qt white GF that isn't a whore
>Suddenly only think about leaving America for good and getting an Asian wife.

Kek in all this excitement I forgot I get paid today. BKR pays out the divvy. (reinvested)

>>19543473
I put 5k on GUSH and 9k on a bunch of different REIT. VISL fucked me though

>>19543674
It mostly depends on the level of involvement you want.
You want none? Buy high performing mutual funds in sectors you think will grow in the future.
You want a little? Buy some ETFs or individual stocks of mega sized companies, maybe some investment grade bonds.
You want minimal research? Speculate on smaller sized companies you think will grow in the future, sell covered calls on companies you like to hold, maybe get some junk bonds.
You want high involvement? Learn stock options strategies, read about the state of the economy, analyze upcoming earnings, look at company fundamentals, evaluate overall trends and momentum, buy speculative bonds.
You want to gamble? Buy calls and puts.

>>19543867
>buying mutual funds when not a single one is able to even so much as match spy, let alone after fees
My fucking sides! Stopped reading here.
>>>/r/eddit/

Did you guys hold over the weekend? I'm not even nervous . This bull run is still going

>>19543790
I've been buying and selling SSL. It's a lot more profitable than just holding it with these spikes and drops.

Just low ball it back on Monday. Mondays are pretty much always red

>>19543674
Leveraged Bull Index ETFs, ideally those that emphasize tech or advancing sectors over dead sectors. The reasoning is the same as T-Bonds. If those sectors collapse then the whole market is probably in flames and nothing else would have been worthwhile to hold.
SPXL, TQQQ, and UDOW
Sometimes people try to microfocus on certain sectors like SOXL, TECL, CURE, etc. but they are usually redundant or strongly correlated anyway with SPXL, TQQQ, and UDOW. You will have to be slightly more active than just dumping money into shares and checking your account once in awhile. The main issue is crabbing. Leveraged ETFs decay during crabbing periods and those tend to be associated with VIX. Bull markets, however retarded, give you maximum gains (leveraged 2.5 is ideal but not possible). Crashes are fine too, correlated with a rising VIX, but will require you sell immediately when a crash looks emminent. It can be at large losses too since your gains will be so enormous anyways it'll still be higher than the unleveraged index fund. Crab is the enemy.
Now typically you want something "anti-correlated" with the market. A good option there is TMF which spikes when the market crashes. So you can do the standard 90/10 Stock/Bond portfolio but optimally leverage it. And check the VIX or news once a day to hurriedly sell if it rises.
I think the future will be to keep a small part of a portfolio for long promising holds of a few companies that you like and have a solid vision and potential for growth. Dividends are value TRAPS and should be avoided.

>>19543901
D-do you own this thing?
Seems like it’d be good practice, good cardio, more enjoyable than planks and sit-ups.

>>19543898
>I'm not even nervous
maybe a little bit since you are asking :)

Tell me 1 reason why I’m retarded for buying otso gold. It dropped back down to a nickel again today and I doubled down for a Monday order

>>19543820
Why did you buy OTSO now?

>>19543790

Yes

>>19543892
Ok I have work retirement that must go into those. What do you think of RRBGX and VFIAX split? The fucking account doesn't have many options desu. Anybody got any ideas on these

How do people feel about Disney? Is it too late to get into it now? I know I missed prime entry but I'd expect it go up to 150 again at least.

>>19543954
I bought 2500 shares 2-3 weeks ago and I just placed another limit order for 2500 on Monday...because it’s got a solid Finland gold mine with like no debt and pre built infrastructure from the company that failed before them

>>19543867
>selling calls during recovery
Its like yall enjoy losing money

I knew OIL was gonna go up but not by this much! Holy shit!

If it dumps you just buy more right? How can you loose in the stock market?

>>19543953
Boomer rocks have literally never, in the entire history of human civilization, been the winning move. If your currency is going to shit, then the better play is to trade your currency for a worthwhile one. Gold hedges that ALL financial markets fail at once but somehow recover and give them back their gold value at a fair price later.
It is absolute retarded boomer logic like dividend investing. Gold bagholders have the heaviest bags of all and when things get uncertain there constant shilling occasionally drives its value up. You buy boomer rocks to virtue signal other libertarian boomers. There are collectible card games that do the same thing.

>>19543974
Long term hold for me, never bet against the mouse

>>19543933
STRONGLY considering reallocating my IRA.
Selling Berkshire
Adding UPRO or SOXL

>>19543998
I'm just happy I was into CEQP. I couldn't buy into SSL until today but at least got it for under $9.

>>19543974
130 soon, buy 130 and 140 july calls while theyre still cheap

>>19544001
It is really retarded to be a bear rn when money has nowhere to go

>>19543974
It'll go up soon as the parks open and the cruise ships sail. All that green flowing into the vaults from all the business segments will be epic. (Watch KO get a boost as well; all that coke sold at the parks)

>>19544001
This.i actually wonder if it's sooo risky as people say. Are we in a blessed bull run and don't know shit? Or is it fake fear to keep the average asshole out of the manipulated market

>>19544001
If it dumps, write puts that could be called. If you luck out, they'll go ITM but not so much that it cancels out your premium and you effectively bought at a discount.

All these fucking stocks going over 100% left and right. I NEED A FUCKING CRYSTAL BALL

>>19542512
That’s a man

>>19544011
Lol good answer. Except 5000 shares of of a penny mining stock represents less then 0.2% of my portfolio...my 2 choices with this are losing a nickel per share by holding or catching 10x moon shot. It’s all fun and games until the dollar is Zimbabwe money from the constant printing.

>>19544016
Just keep in mind, that most people set up IRAs and forget about them. When the market gets really boring again it won't seem worth the effort to have to check every day to make sure a crash or a crab is killing you. Especially over years.
I am personally setting up redundant alerts across multiple platforms and several email accounts to send me messages when the VIX climbs above 30. I am still waiting a few weeks to make sure the crab is dead before I dump my swing trades into TQQQ/TMF.

>>19544063
Unless you do naked puts you might as well buy calls because you make pennies on premium on IV as low as this

>>19544011
Gold mining stocks are pretty good they'll go 3x or 4x when gold goes up. If gold goes up further they can go 10x. Gold holds value better than any currency.

>>19544011
Based

There is literally no circumstance where gold is a good choice. If you think the world is going to collapse then no one wants your stupid shiney metal, that won't fees them.

>>19543790
Yes.

>>19543953
Lol, don't listen to this faggot:
>>19544011
He thinks the only way to "win" is to maximize profit at the expense of longevity.

If I had to make a metaphor, he's all in on being a specialized fiat dinosaur as the meteor descends, while the Gold sharks and Crocodiles will just keep doing their thing.

>>19543772
depends

>>19544011
Im sitting on a fat stack of gold atm because in 200 years when space travel becomes more feasible, gold might double in value.

Put in a never expiring order for VISL today at 90 cents and it processed already. I feel like a jewish after hours trader now. Stupid goys

>>19543979
Yeah I know all about OTSO, but didn't you see what the finnish dude said? OTSO with a new partner will do a feasibility study in order for the gold mine to then fully restart and he didn't expect things to get going until around late July/August

>>19544133
During the Vietnam war, when locals were trying to escape by boats...the captains of said fishing vessels would not let you or your family members on the boat without gold for passage. Luckily unnamed militant Buddhist monks secretly distributed small gold ingots from temple donations to local families to help pay the passage...true story from a white guy who worked 20 years in casinos with mostly Vietnamese people who came from refugee families...whatever who cares all I know is that the boat captains didn’t give a flying fuck about paper money or iou instruments

>>19544100
>It’s all fun and games until the dollar is Zimbabwe money from the constant printing.
And you'd be better off trading dollars for a currency of a country with little debt. Norway's Krone, Japanese Yen, or the Singapore dollar. Then you can exchange it back when it makes sense to do so. And you won't be holding a big bulky gold bundle that will be a safety risk during the times you wanted gold.
Gold literally hedges that ALL currencies fail at the same time. At that point you are better off with guns and rice.

>>19544133
>>19544011
you niggers realize that gold is used not only for grug give bunga shiny rock lets mate, right? heavy industries and tech guzzle the stuff like thanksgiving dinner.

>>19544207

Some asteroids have gold. If the gold supply increases, the value plummets.

I guess diamonds are the exception.

>>19544018
I got fully reckless and dumped my entire fucking 5k fuckaround money into KOS yesterday at 2.17 per share. Am I'm retarded?

>>19544222
>>19544222
Jesus h Christ. July is next month. I’m not a day trader

>>19544265
yeah

>>19544283
You're 100% right, but I had a 24% day and feel gud

11 years till retirement. I'll be 49. Maybe younger due to a loophole in the retirement regs. They let you use any sick time you got as credit towards retirement without fucking you over far as full eligibility goes for a max of 22 months. I'm hardly ever sick and I've got in 15 years already so I've got loads of time. Still racking it up to. 32 years is the max, that's when your pension will be as fat as it'll get. Anything over that and your just wasting your time.

>>19544241
Why would anyone witnessing a global superpower fiat money collapse, reinvest into another fiat currency? Is there even any countries that don't print money? And if so, just how long would the volatility last in the currency market before a safe bet actually became apparent?

You're betting against history anon. When major fiats collapse, Gold rises, and these days every country is in fiat.

>>19544310
Its like I always say, I would rather be lucky than good

>>19544356
Darn tootin, praying for another pump next week friend

>>19544337
>Why would anyone witnessing a global superpower fiat money collapse, reinvest into another fiat currency?
Pick a european country. Spain, France, Britain, Norway, Germany, Russia, etc. All were a global superpower at some point. All faded into the background. And the world kept on trucking. Literally find me a SINGLE INSTANCE IN HISTORY where holding gold was the winning move.
Gold bagholders really are just trying to offload bags to fellow future libertarians.
>>19544253
Platinum, silver, copper, palladium, etc. Gold is not unique as a raw material. It's "value" is because it is rare, but not TOO rare

>>19544278
So? There's no reason to buy now, just wait for a month and buy then, the chance of it going to 30 or even lower is way more likely than heading up to 100 again.. that was my point

>>19544324
>mfw i retire before 30 less than 3 years left

>>19544265
Yeah, but half the executives in the country are retarded and lucky.
You should seek series A from venture capital firms for a tech startup. Make sure to call it something that ends with "er", drop the 'e', and buy the .io domain name for it.

so what made you buy American Airlines /smg/?

>>19544441
Sure but all currencies have never been this connected, and never have all global central banks been this committed to easing, stimulus, etc. All currencies experiencing inflation versus commodities is a definite possibility. And if it’s only my currency, I’m not sophisticated or lucky enough to pick which currencies hold up well.

Weekend! Big greens today and I am happy happy. Have a song! This is a disco classic I'm working on transcribing the bass part for right now:
https://www.youtube.com/watch?v=zxNTvVkTQ1M

>>19544491
Congrats. Enjoy every moment.

>>19544441
Wut? Golds been the winning move always. Did you think James Cameron built a deep sea rig and went searching for digital ingots? Perhaps all those sunken ships in the Caribbean are just filled with wooden and resin coins and that’s why treasure hunters risk it all....perhaps when the us went off the gold standard and the price of gold fucking exploded to the ceiling the dollar was the winning move? Your a gnus

>>19544324
There are zoomers that retire at 20 playing games and you had to work hard all your life to get to this point.

You made me a millionaire, anime poster. I don't know how to thank you. You're a God among Gods.

>>19544469
Bro I’m talking about a penny stop that cost .055 cents...what are you talking about 30 and 100? If this shit hits .11cents I’m up. The 1 month leeway is to allow time to build a position durp.

>>19544517
Money printing is to outpace your debts. When deflation is an existential threat to your solvency. Again Norway's Krone, Japanese Yen, or the Singapore dollar. Japan is a SHIT market to invest in but their currency rarely moves. Everyone benefits from their continual stagnation.

>>19544011
This DESU, gold is literally just analog bitcoin and its high price is a remnant of its previous status as a backing of national currencies. Its true there are industrial uses, but those wouldn't keep the price at its current level.

>>19544441
You're phrasing a false argument. The world doesn't need to end for Gold to drastically increase in price, which it has always done preceding government intervention from the proceeding turmoil. It's always outlasted government currencies, its always willingly traded at good value, and at whatever host country the holder is in(unless the government outlaws it, in which case time to GTFO).

What exactly is this "winning move" to you? Becoming the new financial elite? Lol, I'd like to see the play needed to accomplish that. You want a decent life with the money you have when forced to move from your newly christened shithole of a country? Then buy Gold, wait, and move. It's that simple.

>>19544544
Kek, Work hard? Not so much. Be smart along the way to reach this point you bet. Also timing helps.

>>19542872
Green. Energy, retail, waste/eco are my gainers. The penny stock medical I fuck with let me have cheapies off her again at the cost of nit having a full green week.

Tbh I'll eat her up more if she goes down again. Filthy cheapie whore...

>>19544510
>have 0 idea what they buying
Holy shit Andrew Left. Proofread your fud before publishing. Also he knows as well as anyone it is short squeeze. It's not a coincidence the airline with the most questionable financials lead the pumping charge. "Near low of day" is also disingenuous description. It's only near low of day relative to the ridiculous gap up. Still closed +11%.

Anywho. I/we remain long airlines for now. The recovery arch has not concluded.

>>19544620
oh and also it's up another 3.5% as of posting in AH.

>>19544324
>I'll be 49.
Never made it.

>poorfag
>managed to makes some money off of airlines by chance
>have $800 worth of shares

Do I sell them all on monday and learn to trade options or just sit on them for a while longer?
t. would like to be rich

I broke 150k today, feeling fuggin good fellas.

>>19544587
About half of all gold mined is used for jewelry and guess who loves gold jewelry and have booming baby economies, China and India.

>>19544587
Your camping with your family in the woods. The boogaloo crew creeps up on your tent at night armed to the teeth. The demand payment for trespassing in their territory....you attempt to send them bitcoin but there is no signal....wut do?

>>19544588
>It's always outlasted government currencies, its always willingly traded at good value, and at whatever host country the holder is in
Gold is inherently worthless to your survival. It is difficult to denominate, difficult to transport, dangerous to carry or store. You want to go full retard with hedging against civilization then what matters is having your own land far away from everyone else. Land with access to fresh water.
Gold assumes that all fiat collapses, they hold their worthless boomer rock, then civilization comes back with fiat and they will be "compensated fairly". We already know this doesn't happen even in US history with the various Gold Reserve Acts which basically forced a compensation and confiscation of gold.
Retards that hold gold are worried that the world ends, but they don't want to even in this fantasy give up the creature comforts of living in a city or town.
>What exactly is this "winning move" to you?
For example, the "winning move" as a citizen of the Weimar republic was to buy US dollars or british shillings or whatever. Really it was to move the fuck out of the country.

>>19544711
shoot them

>>19544740
But he didn't invest in guns and ammo, only gold.

D A M N

>>19544762
Now your mixing shit up. Guns and ammo come before investing in gold. And trust me, it’s much more likely me and fellow gold hoarders are gun owners then the inner city crypto kiddies.

bull chads, I just woke up, what happened? Everything got big green dildos. I'm not complaining, this was just an unexpected surprise.

>>19544657
Reeeeeeeeeeee
I neeeed the moneyyysss!!!
WHERES the next short squeeze??

>>19544707
Jewelry is an industry in decline, even in those countries.

>>19544775
What the fuck???
Lmao I sold this shit a year ago for $3
Was there a damn R/S?

Early 20's me and a few friends shared a house. Thank college dorm room type deal. So I had plenty of spare green. But I was a typical 20 something. I blew a big wad of it on uh dumb stuff. But I still saved a nice wad as well so it wasn't a total loss. Then the housing market took a shit. Nice houses were being given away almost. I found this house real close to work here in the city at a steal. I further got the price knocked down a bit more when the owners attempt at remodeling the basement was on display. Never fell into the college debt trap so no loans to pay back. No auto loans either. No ex-wives to pay money to. No credit card debt. Just a house payment. Which as I said I got cheap. Nice house though the value has gone up nicely over the years.

>>19543721
Pls help me /biz/ I want to track my gains with the beauty of a graph for my mongoloid brain instead of just numbers

>>19544762
tell them you didn't see any no trespassing signs

For Bobo I recommend two scoops

>Two scoops
>Tfw Bobo a cuckold

Scoop

>>19544812
>Was there a damn R/S?
yes

>>19544812
And most of the country is dirt poor.

>>19544815
nice

>>19544711
I get stabbed and killed by niggers and watch my wife get raped before i slip unconscious obviously.

>>19544718
Once again, false fucking argument. The world doesn't need to implode for Gold to be valuable.

If I was in Weimar Germany and somehow had the genius to invest in America USD before hand, then yes that would be a good play. Conversely, had I invested in Gold, then traded it afterwards for USD, guess what? Also a fucking great play. Was it as valuable as specializing into USD? Maybe not. But guess what? If America had gotten involved in the War earlier, it could have been as broke as Britain. So all that USD you invested in? Worthless. Meanwhile the Gold holder just trades in their Gold at whatever country DID have a strong dollar.

Do you understand what I'm telling you? If you're psychic or a super genius, then there is more optimal plays... But nobody here is either of those, and most people aren't willing to bet it all over a assumption of what will or will not maximize profits.

Families who hold Gold will still have money 50 years from now no matter what as shown by history, while those in whatever various dollars may or may not.

>>19544812
and definitely not in India, gold is a tradition there.

>>19544568
0.030 and 0.100 obviously, all I'm saying is that you could have just started building the position when something is actually happening and nothing will happen until the study shit is done. I think they said the process was delayed aswell thanks to Corona. Either way, I will join in on OTSO later on so in the end let's hope it blasts up

>>19544547
>I gambled and got lucky
Cool story bro.

>>19544812
>Was there a damn R/S?
yes. Some anon is totally rekt on this. Idk where he is. It was something like 55k. I think it was a 17 to one split.

What's good to go for on Monday fellas? Got 1-2.5k to go with.

>>19544871
lol seethe more loser.

>>19544547
why no specifics

>>19543473
>>19543861
>down $77,000 in the last 5 years
>mfw
I’m in on the oil train myself but I’m sure as fuck staying away from them.

>>19544812
>WHERES the next short squeeze??
Now that I don't know. I've never been good at predicting those. I went in to airlines but only the JETS and briefly Air Canada. AAL itself at the time was not a desirable individual stock for me to purchase so I was only comfy with exposure to it through the ETF. AAL squeeze was unexpected and happy surprise.

I give a 15% / 85% chance that the riots this weekend are worse (more destructive) than last weekend.
I think if the riots do escalate (more intense, or more widespread), the market won't love it.

what do you think, lads

>>19544934
doubt

>>19544867
>The world doesn't need to implode for Gold to be valuable.
Gold so far is only traded as an intermediary between fiats. And by so far I mean through human history.
> Conversely, had I invested in Gold, then traded it afterwards for USD, guess what?
You used gold as a pointless middle man. You open yourself to getting shafted at every exchange point. Just get the USD in the first place.
> If America had gotten involved in the War earlier, it could have been as broke as Britain.
Just pick a country that wasn't running up debt at the time if you want to REALLY hedge like the Swiss Franc. You literally need there to be no standard stable currency ANYWHERE to justify the pointless middle step.
>Families who hold Gold will still have money 50 years from now no matter what as shown by history, while those in whatever various dollars may or may not.
Over 3000 years of human civilization it hasn't happened. Bitcoin is trash but the one good thing about it is it became an existential threat to gold shills.

>>19544934
I think lower chance mainly because police/national guard will be more prepared this time. Last week they clearly did not expect more than the usual with rowdy crowd but only light looting, minimal property damage. Got caught with pants down when things turned hot... and not in a good way.

>https://www.bloomberg.com/news/articles/2020-06-05/bearishness-just-won-t-play-in-market-that-believes-in-recovery
>Bears Thwarted Again by Stock Market That Believes in Recovery
>Stocks with shaky finances rally for their best week on record
>Friday’s jobs data underscores market’s prescience on economy

do bobos ever win? how do you guys live with the constant embarrassment?

>>19544934
National Guard is deployed and the cops are out in force, nothing is going to happen

>>19544934
it is getting too hot and humid for riots in most places. even in minneapolis i think.

>>19544960
Gold has been the store of wealth for the last 3000 years.

>>19544926
I knew a guy who did that for brass instruments, he made good money with his passion for music and skill with brass instruments.

Fuck man. If things don't change soon, not only will I not find my passion, I won't even find a way to avoid becoming one of the cyberpunk peasants.

>>19544934
Markets have never responded to social unrest. They barely flinched during the Rodney King Riots, JFK assassination, and MLK assassinations.
Money printing and the fear of money printing is all the current rally responds to. Even if war with China became hot in some boomer neocon wet dream it would still not flinch at least initially.

>>19545004
>do bobos ever win?
Sure. It's just that flying knife catching variety who enter on the grounds of "but but but this is stupid though!" get wrecked. Bulls who do falling knife catch get the same treatment, too.

Donald Trump is shittalking King Boomer. Is this bullish or bearish? I need more cheapies.

>>19545016
I'm usually WAY too lazy to do this. Only have time because I'm still a corona dole scrounging neeto.

>>19545009
too hot for riots?
I don't think that's how it works, the seasonal element to civil unrest is that it gets worse when it's hot. If it's not goinng to cause heatstroke, then it's just going to make it so people are more agitated.

>>19544934
Unlikely.

I wish I'd listened to that one anon who recommended WM.

>>19545004
bobo's won in February! That's enough winning!

>>19544990
I liked this show a lot actually. I wish there were more quality isekai

I make shit a year but like I've said my only debt is the house and the cost of living is low as hell. I get by on just $27,000 a year. Hell I blow only $45 a month on gas for the car (thanks to the virus that's dropped a fucking lot). Most things me and the wife like doing are here in the city with one of them being in walking distance from the house so it ain't like we're blowing tons of money on entertainment costs (which thanks again to the virus that's gone down a lot to). So between my pension, 401k,brokerage value, savings, lack of debt, and what my wife brings in we'll be just fine and dandy. Thanks to amazon and online ordering stuff that we can't get local or large shit we just order online and say ship it.

>>19542915
A very smart anon made a recommendation for IVR. Mortgages being frozen is hurting them. But I plan on quadrupling the 1300 I put in. Got it at 4.4. Felt stupid not waiting for a bigger dip. But it's all gravy. They've been at 15-18 usd now for almost 20 years. It is a long hold however.

If the anon who recommended IVR and MFA and KOS is here. Thank you for your juicy tip.

I would say just dont be dumb. That 2k can go a lot of places. I'd say take 400 and put it into 3 or 4 different companies on a decline atm. Use 800 or 600 dollars depending on what you do and huck it long. Get some bulk. You aren't going to make anything getting 10 or 20 shares in shit. If you can buy over 50 under 400 and if it looks safe for after covid. Then go long. Dont try to short the market. You're just going to cause stress. Buy in, and fuck off. Set alerts on your phone for certain thresholds. I wouldn't even put a stop limit on most shit for the negative direction because of second wave. Just remember that trees dont grow in a day. Weeds do, and they are pruned often.

>>19545056
Bearish.
Short Berkshire Hathaway class A.

>>19545072
This is legitimately blogging.

Hi you guys just moved over here from reddit bc it seems everyone on this place makes money unlike there.

Too many people on reddit say the market is going down when it is obviously going up.

I just opened a robinhood account and want to make my first trade ever. who here is an expert and can tell me what stock will moon.

>>19545013
Land has been the store of wealth for 3000 years. Arable, farmable land. Everything else is a proxy to it.

>>19545108
All in on HTZ my man.
Easiest 400% in less that 6 months, possibly like 3 bro just hold.

I agree with every who responded to me that the odds of sustained or increased riots/looting is low, but I still think that it's possible.
A lot of the more politically motivated agitators were imprisoned last weekend, who knows if they are still being held or not. But a lot of young urban "entrepreneurs" with less political motivation got a taste for widespread looting. I think that if they see possibilities for quick looting or violence, they'll take them.

We could see things turn less political and more tribal in some cities when the sun goes down.

>>19545056
I thought Trump was king boomer?

>>19545008
what happened to the habbening that was supposed to happen tomorrow (saturday) where supposedly a million joggers were going to rush the white house? or was that just fake news? still feels like all of this is just helping Trump get re-elected because the silent majority (like myself) is scared of joggers burning and looting and openly murdering whitey in the streets, beating whitey to death with 2x4's, etc. save me, Trump!

>>19544775
Gotta be algorythms getting stuck in a loop
I still think at some point the trading AIs will figure out that endless growth is best for everyone and will just trade in cycles to constantly raise prices

First day. Bought DAL and SSL how did I do?

>>19545126
Well you can buy land with gold. And jews were not allowed to own land in some places in history, but they still got rich on gold.

>>19545141
>but I still think that it's possible.
nah. https://www.youtube.com/watch?v=Yt35mlRRouk

my hot opinion is that a lot of them are gonna be sick now. i think a lot of people have just gone stir crazy from being cooped up in the house for months because of covid, they probably mostly worked that out of their system with their big temper tantrum.

>>19545108
>and can tell me what stock will moon.
bro. DYOR. listening to people will just get you in trouble. that being said oil and REIT are still low. OPEC is around the corner and thats why you saw a surge in prices. if you think there might be a dip later then wait for it.

>>19545177
>Well you can buy land with gold.
And fiat. You can mine more gold. You can find asteroids with literal tons of it.
Arable land with access to freshwater is the only true hedge against everything. You cannot eat gold.

>>19545174
You bought the high.
Now you just need to sell low on monday and you'll be a certified /biz/nessmen.

>>19544990
Buffalo riot force resigned, all of it. Similar or same will happen all over the country as governors are bowing to the literal criminal elements and #canceling the cops who don't let themselves be outright murdered in the streets.

>>19545141
Trump is the king of Israel you rabid anti-Semite.

>>19544678
Anon. You have no idea what the fuck you are doing and no money to lose.
Stay the fuck away from options.

>>19542512
what message is that comic is trying to convey

>>19545229
You're a absolute retard if you think mining gold to increase the supply is anywheres remotely relatable to pressing a button on a computer and adding some zeros on the end.

>>19545248
The high always looks low though. Should be alright if I hold on for a long time right?

>>19544934
Riots are over and the thing you weren’t supposed to see(inditements) has passed

>>19545288
trannies deserve literally everything and if you don't agree you should be gassed in the cis white male re-education camps

Alright, who's getting upgraded on monnday? Where do I stick my moneys?

>>19545303
I mean you don't have any serious money anyway, but even if it dumps extremely hard you'll make it back in less than a month.

>>19545301
No, I argued that the hedge against fiat is land. Not boomer rocks or digital boomer rocks.

>>19545303
You could be bagholding forever. SSL should keep going up for a bit. Do some research.

>>19545229
You can't eat semi conductors either but they are still valuable, and quality of gold deposits is getting lower and lower and the price is getting higher and higher. The price of gold is getting higher which is the currency on the forex XAU, so as time goes on gold is much better hold of land than any fiat ever could.

Honestly the smart play you could do was early this month buying into oil and airline stocks and then just doing something else for 6 - 7 months. The best play was doing the same just in march or april. Still wait for a dip (if any) and do something else with your time. Come back in Dec to find a fat baggie waiting for you.

>>19545108
Go back you fucking monkey nigger

>>19545356
>rocks are a store of land
brilliant, love it.
nobel prize in economics to you.

Well New York city re-opens monday.

>>19545174
>>19545303
Yes, need to be strong fren.

Market is hot so will possibly retreat a bit, but you should be good longer term as long as you don't panic sell

Good luck fren

>>19545398
I was using your store of value, holding fiat currency will get you less value in land over time than XAU.

>>19543933
> Dividends are value traps.
I've heard this before but how so?

>>19545419
Doubt it.

Pretty sure niggers will drive from outside New York and rampage it this weekend and delay the opening. The NY mayor is absolutely useless.

>>19545447
why allocate for land though, when the true finite resource for your purposes is time?

What will get you the most time over time?

>>19545469
nah, california reopening gyms and whatever too on monday. Crisis over until second wave of covid and/or first wave of defaults.

> land
I like how /smg/ is coming full circle to real estate and being land lords.

>>19543527
>universal suffrage

>>19545545
The seething hordes are going to fuck over every landowner and call it "Democracy". The market is positioning itself for another dive, once again people telling others to buy Gold are unheard, and the cycle of red wojacks will repeat, ALL, OVER, AGAIN.

Sad thing is, I think this will repeat at least another 2 times before people wake the fuck up.

>>19545518
Time is the biggest enemy against fiat currency, it constantly devalues. The positive of fiat currency is that it's easy to administer monetary and fiscal policy.

>>19542963
>he was a bull during the crash
>he's a bear now

>>19542915
>the boat
You missed it.

>>19542554
>>19542554
>>19542554

>>19545627
What was the threads like? i didn't start going to /biz/ until last month or so but I remember seeing these threads bleed over to other boards.

>>19544241
>Country with little debt
>Japanese Yen

>>19543933
Just go 50:50, rebalanced monthly or so, and you won't have to worry about downturns while still curbstomping boomer investing. A 50:50 TQQQ:TMF would have had a smaller drawdown than SPY during the GFC while still going 20x in the last decade

>>19544510
So much salt, how many old money boomers are going urban base jumping sans parachute when Papa Powell's inflationary debt jubilee really kicks off?

>>19545288
They want to say any kind of prejudice is bad and show how being inclusive has never hurt anybody.