/biz/ - Business & Finance

I make $11 an hour and invested most of my money into the SOXL dip. Will I make it?

SO IS BITCOIN LEADING NASDAQ OR NOT?

BUDDY LOOK AT NEW YORK FED
https://libertystreeteconomics.newyorkfed.org/2022/06/the-new-york-fed-dsge-model-forecast-june-2022/
PROJECTS 2 YEARS OF NEGATIVE GDP GROWTH
SAYS NO SOFT LANDING
BUDDY!!!!!

>Americunts racked up record trillions of debt last two quarters
Its literally over isnt it? Who is gonna service the nigger's debt?

>>49787597
lol
lmao
SOXL is going to have to reverse split like 3 times before this is over

>>49787563
Tuesday (since Monday is nigger worship holiday in America) will be a bloodbath.
But I'm comfy just holding cash.

>>49787597
It will get worse before it gets better

CUDDY JOOK AT SHITGOIN BOMBUTER LAMO

Where do you guys think SPY is headed? Thinking of betting on 270 by late august.

>>49787833
5

>>49787744
ZH is so fucking disingenuous that it's actually infuriating. When things go right they're all "WE TOLD YA SO LOL", and when things go wrong, it's fucking silence and just no articles on the topic.
Or sometimes they just play both sides and cite the article that got it right.

The worst thing is that they are right exactly 50% of the time, so you can't even invert them. It's just fully entropic noise.

My negroes, looking at BTC I realized holding nasdaq over the weekend might have not been a good decision after all. I'll sell in 27 hours when trading opens up

>>49787563
I've been trying to wrap my head around the bear market and what might come. The biggest difference since the last bear market is passive investing and ETFs and the slow death of mutual funds.

The trouble is that ETFs own most of the market. So in a sense they are incredibly diversified and incredibly illiquid. Now when passive investors get spooked and start redeeming who is going to be the buyer and where is the money going to come from. I don't see it. There is this structural fragility problem in the markets and I don't know how that might play out.

>>49787935
A 99% drop, nice. I’d make a lot of money with my puts then, yeah?

what are the odds that brandon takes powell on a meeting, demands he stops hurting america's economy and instacuts the rate back down to zero while resuming QE pumping, maybe a stimmie or two?

basically why the fuck are the democrats just taking this humiliation before midterms, tuesday will be a bloodbath at this rate if brandon doesn't wake the fuck up

>>49787833
down
I’m still considering some late puts but august seems like it could be early. Idk. Still feeling it out

Currently I just have puts exp eow. Gonna grab some more after the fake and gay pump next week

https://youtu.be/2g3QTdjeF98
Expeditiously.
<3

>>49787580
SEX Chloe

>>49788028
Because they can just stuff the ballot boxes again...

>>49787833
220 should be the absolute bottom by early next year. This year bottom? I would go with 300 by sept bounce back to 350 by end of the year and then crash to 220 august/sept.

>>49788028
Brandon can’t tell Powell what to do though.

>>49788121
How would I best profit from this with options?

Do you think we gonna get at least a small pump on monday at least or is it gonna be a rollercoaster straight to hell? Mutts need not apply because of their gay holiday

>>49788179
no way this is real
how did they train it

>>49788121
>Early next year
Shit I mean late next year.

>>49788198
No, I’ve seen chickens do that all the time. Fucking city people.

>>49787995
>I'll sell in 27 hours when trading opens up
Monday is closed

>>49787635
no one. the system is designed to bait society into the debt pump & dump and then rugpull everyone. even if you don't personally hold debt you will get gaped

>>49787733
Kek this meme gets better and better

>>49787833
The Fed, BoE & ECB are actively involved in yield curve manipulation (see TYY precipitous drop last week).
Considering this, (((they))) aren't planning to let the market fall much further.
My guess is the lowest we could see SPY would be 330-340 range and I'm not even sure we will see that.

>>49788121
2016 levels? After extensive inflation.

>>49787995
I just have oil and gold calls, wish I got SPY puts now but what can you do

I’m really hoping everyone here with a net king portfolio gets fucking liquidated. I actually despise you faggots

>>49788295

>>49788356
y-y-you 2 brah

>>49787563
Bros. How big of a gape with Nasdaq have when futures open? I’m thinking, uuuuge.

>>49787995
>27 hours when trading opens up
ah ah ah, anon
its juneteenth on monday
you need to stop trading and take a knee for st. floyd

>>49788387
Due to BTC waterfall

>>49788356
Please send your window jumping videos to Joseph Biden at the White House. Thanks for playing.

Headed for a recession and then Google has to rub this shit in my face. Fuckin hell.

Holy hell GS was at 321 when I made the first iteration of the OP pic back in April.

>>49788358
Thats the ankle breaker zone. Vote correctly and it could be a bottom. Vote Democrat, prepare to get slaughtered and we go to 260 easy peasy.

>>49788410
dude is that thing real??

>futures allowed to essentially trade all of Juneteenth

what are the chances that they'll dump everything to oblivion and then everything will pump even higher as a result Tuesday?

>>49788559
Yeah Americans having a holiday to worship niggers is very real

>>49788478
I really want this piece of shit company to die. Their disgusting kike tendrils are trying and succeeding to invade every facet of life.

>>49787950
Disingenuous? All the crypto-shilling posts were sponsored content from Bitcoin Magazine. Everyone knew they were sponsored posts

>>49788623
no I mean the cat, that is extraoardinary. how can I teach frankie to do that!!?!?!

>>49787611
Crypto is down to an 800 bil combined "market cap" at this point, and is mostly self contained in it's own world. Money tied up in stablecoins and on exchanges has already been rugged, but its a slow wait to see the formal announcements of insolvency flow through.
This 10% selloff isn't enough to kill markets aside from the crypto-tangential stuff like HOOD, COIN, and all the shitcoin miner stocks. However, if bitcoin sells off below 15k then we'll probably start to see some meaningful crossover selling. As people with a mix of crypto/stocks will want to preserve some liquidity. Hard to say. At this point crypto is pretty clearly fucked and I'd like to imagine most people know that, but obviously there's still 500-600 billion of imaginary wealth left to disappear before bitcoin returns to a more acceptable level.

If we do dump Tuesday, I think it'll mark a short term bottom. Options expired Friday (quad witching) and there'll be some support from all the funds buying/selling a new round of puts. I expect we bounce next 2-3 weeks, and then from there it depends on the next CPI reading. The economic stress is obvious at this point, but the Fed is focused on these backwards looking inflation readings so if we miss then the expectations of even more rate hike frontloading will just compound the market weakness. Treasuries are pretty close to the point of being a legitimately good investment given the current economy and likely depression.

The reality is that the only cure for the economy in the medium term is for democrats to admit they were wrong on climate change alarmism. Unfortunately that'll never happen.

well. thank god monday the market is close. Holy shit. nasdaq will literally follow bitshit

>>49788295
No. Nasdaq going to 3500. Fed can bullshit all they want but they are fucked beyond belief. They can’t YCC yolo like Japan bc of inflation causing serious political pressure. They are going to let this fucker burn and try to jawbone a soft landing, with the bullshit you just mentioned. But we all know this dumpster fire is just getting started.

>>49788410
Everyday I’m sad we don’t have Trump lowering black unemployment.

>>49788123
surely there must be something brandon can do. otherwise im thinking they will have to make him "suffer a tragic heart attack from stress" to let kamala take the office as le first black woman president. in the middle of a recession. christ what are they thinking

>>49788299
The way I see it the money supply will solve itself once the Fed gets out of the bond market and starts activily destroying their balance sheet. That should take care of most of the "new money" created since 2020 and then some. And company valuations have gone retarded but also their profits. So I see the market bouncing back to 2016-2017 levels because profits would have grown to match the retarded overvaluated (by the time) 2016 valuations.

Which will finally open up for natural growth (and overvaluation) for the next bull market.

>>49788640
Wasn't that a few days ago when Bitcoin hit 21k?

>>49788478
oh boy i sure love me some niggers, give me nigger music nigger foods nigger noise nigger smells nigger sounds nigger dranks nigger kangs nigger kwangs everything niger nigger nigger all the time niggers in my ears niggers up my nose niggers coming out my ass until theres nothing but blackness and then give me a trillion more niggers

So lay it out for me. How bad is it going to be on Tuesday?

>>49788742
I hear you, I like the logic I just think your overshooting a bit.

>>49788387
On a daily basis, they are not really correlated. Sometimes QQQ leads, sometimes BTC.

But look at e.g. the 2021 may BTC dump that was not nearly as bad for QQQ. Or some of the larger drops since: some of them preceded a dump, some of them didn't, most of them happened together (i.e. BTC was _not_ a leading indicator)

>Pic related is TQQQ vs BTC to bring them to roughly the same scale

>>49787611
It's an indicator of what nasdaq traders are feeling yeah. Btc Is high risk to them so other tech stocks like them might get hammered.
>>49788658
>mostly self contained in it's own worl
Btc hasn't really been contained in its own world. Just compare it to the qqq. Theyre together.

>>49788643
I'm not even talking about the cryptoshit, that's by default shilling. So are the political posts that's just straight up russian psyops.

More about muh supercycle, muh death of the USD, muh retail smart money.

>>49788640
How the hell is he not margin called yet?

>>49788790
I support equality but that’s fucking hilarious. A true genius wrote this.

>>49788805
hopefully murderous, especially to tech stocks. bitcoin crashing another 20% is going to upset some balance sheets

>>49788830
Correlation doesn't require magnitude to be the same, like you saw you need to leverage QQQ to bring the moves to the same size

>>49788912
Go Dollar! Go! Go! Go Dollar!

>>49788640
What was MSTR's margin call threshold again? I heard 18k, but that might be Celsius.

>>49788809
I am being conservative since it is, after all, a bear market. But I could also see a bounce back to 2018/19 levels around 290 and the bottom for this year to be 350 in the next few weeks. But for that the QQQ should take most of the beating and I don't see that possible because most of the QQQ that aren't profitable already took a giant ass beating already and even the ones that are profitable got massive PE contractions already. I don't see, lets say PayPal, going down another 70% in the next 2 years.

>>49788002
>who is going to be the buyer
Me.

this bitcoin crash today has me very worried for the NASDAQ on teusday

Just found a job bros!

YA NIGGA, WE WUZ FEDERAL BANKERS N SHEEEEIIIIITTTT

How will this effect the stock market?

>>49789055
>BANKERS N SHEEEEIIIITTT

GAY SEX
A
Y
S
E
X

>>49789055
Sus

>>49789054
I hope you enjoy your week of employment

>>49789055
Get back to work Jerome.

>>49789006
The fintechs are all weird. Not sure why all of a sudden they took the hardest beating and led the charge down. Most of forums for the past year have been discussing how good PayPal looks and there has to be a catch? I’m just saying PayPal’s a bad example as nothing about those companies have made sense, yet the hedge funds called them perfectly.

>>49789090
imagine the sex

>>49787950
ZH basically trying to write a bear market rally into existence in stonks. They are shillfags. The bags are very heavy everywhere in the whole crypto ecosystem. The crunch will be felt across all markets. Nasdaq dead man walking.

>>49789087
You should have been nicer to me scoopsies. I had no choice but to offer moloch your bussy in return for pumping SIGA next week. Moloch gladly accepted.

crypto crashing is a good indicator to what the market will do when it opens

>>49789223
I thought you were fucking off

>>49789055
>>49789087
>WE WUZ JEROME POWELL N SHEEEEIIITTTTTT

>>49789055
Did you knock?

>>49789256
I'm always here, always. I may not have an IP to post with all the time, but I'm always here. Nobody can hide from me.

>>49789245

It's pretty safe to say they move in unison.
Crypto has been in the hands of the Wall St for so long that it's basically the same market at this point.

>>49787563
Too soon to slurp bonderinos?

>>49789279
why are you there scoops

>>49789287
I fucking kicked in th door n went in, nigguh
See here:
>>49789279

>>49789355
He probably is a glowie now

>>49787563
What the fuck is happening to Oil stocks? Is the run over? This is it everything will crash now including energy? Almost feels like a head fake

>>49789279
If you bump into Eric tell that faggot he still owes me a bottle.

>>49789279
Are you okay? Is Juneteenth doing a number on your psyche?

>>49789420
People figured out that a recession is not actually good for energy stocks.

>>49789371
I got dubs scoops you have to answer me

>>49789371
>>49789279
>BANKERS N SHEEEEEEIIIIIITTTT

>>49789279
>>49789087
>>49789055
These truly are the end times, a darkie in the hallowed halls of the federal reserve? Our new currency is going to be bananas and rims, and you will only be able to buy Gucci flip flops, weed, and 40s of malt liquor with it.

>>49788028
The problem with that is inflation is so high, the fed has to at least pretend it's trying to fight it. All the americans that are older, on fixed income, or just can't afford life with these price increases are gonna be pretty mad that the fed lowered rates and increased inflation just so some faggots who hold shit coins and nasdaq calls be bailed out. lol

>>49789048
Probably means the tech workers are semi-desperation selling their bitcoin to pay for long weekend parties and 'fun' expenses. I'd assume this is an indicator that company stocks are already being depressed and will accelerate being depressed by workers selling for necessities (gas money, mortgage, groceries). This with interest rates rising fucks over a bunch of over-leveraged hedges and causes even worse drops.

>>49788478
>using Jewgle
>not startpage.com

>>49789471
You're at the SF on huh?

>>49789179
>I’m just saying PayPal’s a bad example as nothing about those companies have made sense, yet the hedge funds called them perfectly.

Oh there is no big secret. Most of them were on ARKK and people just shorted ARKK instead of QQQ because, QQQ has a lot of profitable behemoths that kept the index (and SPY and the entire markets) profitable and stable price wise.

So hedgies that wanted to short tech decided to short ARKK instead and basically short all Finetech and the only behemoth holding ARKK/G was Tesla and considering Tesla is a high beta stock, it hold really well a 30% fall of QQQ.

So most of finetech now is approching "value investing" ranges, but is also because with interest rate hikes, looming recession and unemployment and a stop in consumer expending (which is primal in a finetech profitability) the markets are being overly bearish on all of finetechs (SQ is reaching Coronavirus selloff levels of madness) because Finetech don't have the upside of interest rate hikes (unlike banks).

No idea what /biz/ is doing but I am buying Finetech as my number 1 sector though I am containing myself to PYPL and SQ.

>>49789479
Juneteenth is coming up, he's probably getting ready for a chimp out

>>49789462
Oil is over 100 a barrel even with that rugpull. Oil demand is inelastic those companies will be printing money at 70$ oil while every tech company is in the gutter. Look at the rebound they made after 2009

>>49788123

Yes he absolutely can. Fed is an extension of the treasury. It's just a stupid shell game to pretend they're independent. It's just how they push the line that QE isn't print money and velocity is collapsing (if we just ignore asset prices lol) and CPI is totally accurate, blah blah. It's all shadows on the cave wall.

>>49788028

They know there's no good outcome for them in the midterms and there's much much bigger things going on. Ultimately they're both on the same team in that they want the furtherance of the power of the US government over everything else. Right now there's been too much talk of the Dollar losing it's reserve status as the sanctions do not achieve their desired effect (Ruble is up) and many countries seem to think we went to far and are helping Russia. Not good. What was supposed to be a flex now makes us look weaker than expected.

So it's like if the school bully gets embarrassed. He first goes and lashes out at his lackeys who he knows will just take it. For us that's Japan and Europe. We are sacrificing our lackeys and our own markets to pump the dollar in a bid to look strong and show we're still the big dog. DXY to 110. See? We're still King Shit.

This is all about currency war as the major contest of WW3 and who will have the power in the 21st century. US pushing ahead with CBDC, even tho Powell is a proponent of US banks and obv not thrilled by it, is the same thing. That is 100% Congress and WH getting nervous about the Chinese eating into their franchise and developing countermeasures. Currency war arms race.

>>49788723
Black woman president would be based, but Kamala is like Obama black.

>>49788855
>Btc hasn't really been contained in its own world. Just compare it to the qqq. Theyre together.
More like ARKK. Bitcoin is a vehicle for leveraged speculative beta. QQQ has a mix of profitable companies.
While there's a general correlation with all risk assets as yields rise and liquidity declines, the crypto market doesn't flow through directly to stocks. It's natural that all this shit is generally trending downwards during this QT period, of course. Weekend bitcoin is it's own thing though, and right now in particular there's a crypto specific panic due to the various stablecoins and exchanges locking up withdrawals. It's a bank run.
This is a 3 day weekend where no one can make new deposits into the crypto ecosystem because banks are closed, and meanwhile there's some panic to escape out of fear that the exit lanes will be cut off.

QQQ will probably lag on Tuesday a tiny bit as well due to the cross-asset exposure, though I expect SPY will have awkward volume and generally stay flat, and value/commodities stocks could see a rebound since they sold off hard into OpEx on what looked like options traders closing out winning positions from last months big XOP spike, which fed and transformed into a general collapse. Bitcoin has sold off ~40 billion in "value" today, but the s tock market is collectively something like 50 trillion. It's still small potatoes.

I could be wrong, but that's my current read. A lot could happen in crypto over the weekend. Could also get some international support on monday since they'll be open, but I think that's unlikely. Not much can save bitcoin here. No one really even wants it to succeed anymore. Feels like there's more hype to watch it completely burn and then re-enter for pennies.

I'm a shitty psychology bachelors degree holder (at least my degree was free lol) who hates my administrative job and want to pivot to finance.

Is the best way to pivot to finance right now to learn python applied to finance?

>>49788723
Also Biden can't officially have a heart attack because people would blame the vaccines. If he gets removed from play it'll be a car/plane crash or a bullet.

>>49789657
Oil demand gets fucked once people stop buying random shit and nothing needs to be transported. They won't be printing that money for long.

>>49789713
Watch the first thing black woman do as president be banning miscegenation between black men and white women because they don't want the competition.
If there was a way to trade rapper career futures it would be the single largest sell indicator ever.

>>49789786
You cannot get into proper finance programming without either a maxed out CompSci Msc. or a Maths Phd.

You can go to MS to write perl for their shitty backend systems, but that's hardly finance. You might as well go anywhere else.

>>49789786
Finance and trading are the best place for your degree, no irony at all in this comment.

I would recommend you to take a few economy classes if you are still at uni or could get into classes due to contancts. So you find what is your inner economic ideas and "values" (for lack of a better word) so you can find what type of trader/investor you are, so you don't fight yourself with what companies/industries you are goinv to invest are.

>>49788028
Biden wants this. Why? Bc his base doesn’t own stonks. They can’t even afford groceries or gas. So, if inflation gets worse, red tidal wave in mid terms. Having inflation down and stonks dead is a much better platform for mid terms as he can then promise free shit.

>>49789860
No it doesn’t. Recessions do not negatively effect demand more than 1-4% the market is under supplied. Not enough investment in energy. Will rebound hard after the correction or when they are forced to turn the money printer back on. Strong dollar only think keeping energy down

I’ll be long on AAPL as long as roasties prefer blue bubbles

>>49789786
go get a job as a bank teller to get your foot in the door. or if you have balls, sign up for a sales or service job at a brokerage firm where you have to get licensed or you get fired. good luck

>>49790015
So in order to get into finance I would need to get a full blown CS degree? I already have my bachelors and have been in the job market for a couple years now.
>MS to write Perl
Microsoft?
>>49790017
I know what kind of trader/investor I am, I've been shitposting on /smg/ for years now and I am probably one of the few people in this general who actually ever reads 10-K's and tries to calculate debt ratios, or see how EBIT figures are manipulated. I have that love for finance.
I just have zero knowledge of coding, albeit a small background in statistics.


I meant to ask if I should take a Udemy / Coursera course on applied statistics in finance using python or something similar to that. Or one of those UNC Charlotte/UC Berkeley finance in coding bootcamps.

>>49789860
Keep in mind that at least 2 billion people don't have electricity and 1.2 billion on top of that have unreliable power. These guys are living in the stone age.
Oil demand isn't going to go anywhere even if the West lowers the consumption, because rest of the world is constantly developing and raising their living standard and require more energy.
Weather reliant renewables are a joke and won't do shit to alleviate the power demand.
Also it's enough that one or two large refineries get fucked and there's an instant supply issue even with reduced demand.

>>49790116
>Recessions do not negatively effect demand more than 1-4%
Do you maybe have a source for that figure?

>>49790188
>>MS to write Perl
>Microsoft?
Morgan Stanley.

And yes, you need to be a very good software engineer to get into the investment part of finance. I have some friends at HFT and Quant firms, and they are the smartest people I know.

All of these jobs are absolutely soul crushing though, so keep that in mind.

>>49790116
What recessions are you talking about? We're on the verge of something worse than 2008. Demand will definitely get fucked for a while.

>>49790297
I definitely do not want to work in HFT at some arbitrage firm. Lol I'm not going to be the type of person with an IQ high enough to do vol arbitrage on second/third order greek exposures.

>you need to be a very good software engineer to get into the investment part of finance.
But what if I want a simple, foot-in-the-door role as a small time analyst? With a background only in Psychology, would it be worth it for me to take Python Finance courses / bootcamps so that I can transition from my current job field to being an entry-level analyst? Foot-in-the-door status I mean, not a top shot quant at an options desk working for a Susquehanna or Citadel lol.

I understand FA relatively well, I can grasp when a company is bullshitting on a 10-K with ease because of my experience with legal compliance.
I just have no coding experience and almost all financial analyst positions I see ask that of you.

>>49789860
>Oil demand gets fucked once people stop buying random shit and nothing needs to be transported.
Demand is actually gonna move higher. A lot of that "random shit" is essentials like food items. With weak harvests, supply chains might be more fucked too, increasing fuel requirements to get that food where it needs to be. Then there's heat and power. NG is preferred for power, but if you've seen the prices on NG (especially in europe), you should understand that some power gen will likely have to come from oil this winter. People also need to transport themselves to work of course, and there's been a slow rising pushback against the endless remote jobs so more people are getting forced back to the office.
On top of that is a mad rush to take some vacation travel after 2 years in relative isolation.

Demand might decline next year if the whole economy shuts down, but the next 3-4 months will look incredible and for 3-4 after that it'll continue to hold balance due to the SPR ending. SPR right now is really just giving China fat refining margins, so that portion of the profit will be shifting back towards domestic E&P companies. Gas prices right now imply crude oil price at $170 under a normal refining margin situation - perhaps next year we'll see cheaper gas despite higher oil price. In the end, supply is what it is and increasing supply is slow and difficult. It all comes down to what people are willing and able to pay for the marginal barrel. In the US at least. I don't think people have reached their limit.

>>49789618
Good call

SIGA will be the only green stock next week. You will FOMO in at $15 and you WILL BE HAPPY.

>>49789686
What a terrible day to be literate.

>>49790452
look into licensing and maybe even develop your own algos and strats to show you're profitable and know what you're doing.

cool thing about finance is your degree doesnt really mean too much compared to your license. maybe take the SIE exam or some shit at least, to show you're above room temp iq

>>49790297
>Do you maybe have a source for that figure?
Pick related.
>2020 was a unique lockdown
>early 1980s were a literal supply shortfall, so demand couldn't possibly be met
https://en.wikipedia.org/wiki/1979_oil_crisis
>all other declines sub 1%

Demand never changes by much, though the price at which supply meets it can change as marginal buyers drop out in a recession. The poor always suffer the most.

>>49790452
I didn't know analysts needed coding. You usually just use company tools, a PDF viewer and fucking excel. When you start doing coding it's sually quant terrytory, and you can't get a profit from there, with the big players squuezing everything dry.
Or am I wrong here?

Is it bad that I don't care if I lose some money on the NASDAQ from all the crypto dumping? I am more entertained from all the seethe and cope this dump is causing.

>>49788258
>Monday is closed
4(for) you Muttoide

>>49789223
Moloch is a strong deity anon. Sadly you have to present blood, to the blood god for any curse to work.

>>49790553
Yes.
>>49790830
An exception was made. I just offered the foreskins of all /smg/ posters instead of blood.

>>49789048
>NASDAQ on teusday
For monday you mean, only goys can't trade

>>49790672
Thanks a ton bro appreciate you entertaining my dumbass questions on here.
>look into licensing
Please elaborate....licensing *what* exactly? Licensing programs I write that might generate some alpha?
>and maybe even develop your own algos and strats to show you're profitable and know what you're doing.
Right, this is what I hear most CS students have to do to get decent jobs...develop a portfolio on github and demonstrate applicability.

So basically if I write some code that demonstrates skew/edge and positive Expected Values on the strategy, it would look really good for me? And this would usually be uploaded on a place like Github?
>SIE
I've considered this since it is more in my wheelhouse as a /smg/ FA autist....how helpful is an SIE for hiring entry-level folks if you're in finance?

Atleast we get to watch the crypto meltdown. I wonder if USDC coin will survive? I had 20k in this at one point just to collect 100 bucks a month

Anyone else long WEAT? M

18000 and 800 about to be broke, should've diversified into assets that productive assets. Glorified Forex trading should be looked down upon

>bought tqqq at $75

>>49790917
Jokes on you, the jews already took mine. Might wanna go clear that up with Moloch.

>>49791153
I think we're already past peak panic in ag commodities and fertilizer.

>>49791234
>SOXL average is $30

at least I'm 80% cash

my face when BTC and the Q's take oil and oil equities down

You think the cryptotards have their shoes tied?

>>49791234
I opened a Rabbihood account and tossed 100 dollars at TQQQ @ 55. I feel the pain anon

>>49791370
>100 dollars at TQQQ @ 55. I feel the pain anon
I'm down like $7,000

>>49791262
That's ok, he will just super circumcise you instead

>>49791234
Breakeven in 2027.

>>49791108
we finna be heemed if the correlation sticks.........those schizos will take us down with them

BTC <18k
>BTC <18k
BTC <18k
>BTC <18k
BTC <18k
>BTC <18k
BTC <18k
>BTC <18k
NASD-ACK! is going to hit circuit breakers Tuesday isn't it?

Bitcoin just broke 18k

>18k barrier's neck snapping like a twig
uhoh cryptopits going to shart even redder blood

>>49791268
Meaning I shall dump it?

>>49791454
No touchies, you can run and tell Moloch that.

>>49787563
she's literally me

>>49791496
stop raping bitchcoin chan! shes underage!

>>49791632
is her age on the clock?

I’m really tempted to buy one Bitcoin…

>>49791748
I didn't ask if she was ready for some cock!

>>49791632
She can still take it until she drops from 17,750 all the way down to 17. Only then will she get court ordered relief.

>>49791632
Yall never should have let Biden close to her. She gets what she fucking deserves, fucking slut.

>>49791905
>your honor, she clearly looked 18!
>oh... 18 YEARS? my bad!

I know we're probably nowhere near the bottom, but I won't try to time much. Never ended up well for me, missed too much trains by doing so. I'm slowly DCAing every month into NASDAQ-100 x2 leverage, to increase the overall little leverage I have on my portfolio right now. I can add more here if there are huge drops in the base index, say every -7 or -8%, I'll buy double the amount that month. And by the time we reach the bottom and maybe stay down for a bit, I think I should have a decently sized leveraged portfolio to profit from in 15 years.
I won't go triple leverage, especially not in this shaky environment. x2 is the most I'd be comfortable with, I think. And even there, it's kinda hedged by my oil positions, though I think they'll go down the shitter 2008-style once the recession is truly triggered.
Maybe I'm making a huge mistake, but gotta take a bit of risks if I want to semi-retire in 15 years or so.

>>49791922
>biden takes a fall on video
>btc gets raped in retaliation

I so mad I not sorting MSTR right now

BUDDY LOOK AT BITCOIN COMPUTER

>Its a fire sale!!!!! HODL!!!!!

>>49790716
>>49790468
Thanks m8, that's surprisingly good info and reasoning.

>>49789786
The big bucks are in FPGA programming for HFTs, very hard field to get into.

>>49792095
How can BTC be dropping?!? Mandatory HODL mode was activated!

Tuesday is going to be blood red isnt it

>>49791496
>Tuesday
In 26 hours you mean, I'm scared fuck

This will fuck up the market on Tuesday won't it?

How come the order book is open on crypto?

>>49792158
HODL!!!!! My wifes boyfriend bought me a new StarWars leggo speeder today!

>>49789713
good enough for the retards that care about stuff like that

>>49792106
I don't care for learning about HFT's. I'm not trying to become some hot shot arbitrageur at an options desk where I use trinomial trees to learn about option pricing asymmetries.
I'm just wondering if a way to pivot to traditional finance would be to learn python applied to finance so i can have an upper-hand on finance bros with minimal understanding of data analysis.

This is the great reset of /biz/
>Bitcoin goes to zero
>scoopsies gets liquidated
>SIGA goes to $400 a share
Homophobes will be begging us SIGA sisters for crumbs when this is all over.

>>49792158
>Haha, it's not a bank run and a liquidity crisis
>Its HODL mode
>XDxdXDxDxDXDXDXD
Do cryptards really.

>>49791959
im doing the same, except with triple leverage with the largest buys coming in at obscenely low numbers just in case. pyramid style buying. the bottom could happen in clown market at any moment.

>>49792268
Didn't anyone let the crypto traders know it's JUNETEENTH? Fucking racists.

>tfw I gotta pull an all nighter again to sell my nasdaq on sunday

Bros I'm risking a leveraged trade at 17.2k with a stop at 16.8k, this is it

>>49792197
Market is closed Monday because of all those years Negroes weren't allowed to buy scratch offs and malt liquor or something.

Uhhhhhhh, hadn't looked at anything today until now. What happened to BTC and cryptos? Is it unironically over?

>>49792309
If SIGA goes to $400 I will be a millionaire

SIGA GAYSEX BROS
"Who drops endemic distinction for MUNkeypox"

>>49787563
The amount of money I'm losing today is making me want to fall back into porn /smg/ I hope Tuesday goes better. I really don't wanna fall back into that poison

>>49792489
resist!

>>49791850
Go for it. Personally I'd wait for 5-10k because that feels more like a long term bottom (since 2018), but as a short term swing trade this is starting to look like a pretty juicy entry price.
If you're a mid 6 figs portfolio then having some crypto exposure isn't that terrible. Just use a good exchange and avoid all that stablecoin trash.
I mean I think bitcoin's pretty retarded but I still rode one coin from 25k to 60k in early 2021. When something has no intrinsic value, it all depends on mass psychology.

>>49792445
I miss the Big Don memes, they were so fucking trash.
>get it? trash XDXD

oh my god look at the average mortgage rate HAHAHAHAHAHHAHAHA

Are stocks and crypto still disjointed? I opened a long for the weekend but seeing crypto's performance today I'm starting to worry

>>49792445
>To better unify response
>kek

Munkeypox is going to be a global pandemic and the correct word will still be censored on biz because some pajeets failed to make a shitcoin

>>49792489
Did you do this? Is your sexuality causing us to dump?

>>49792612
but most mortgages are 30 yr fixed rate. so this will cool housing down, which is a good thing

BUDDY BITCOIN

So... For someone just investing for retirement, far long term, what's the play here? Just buy SPY here and there throughout the bear market?

>>49792612
>Not even at 2008 rates yet
>Housing market is already beginning to shit the bed
>75bps hikes on the table for the next 3 FED meetings
Housing crash bros... we did it!

>>49792371
No, its closed for you bc you are goy and circumsized
>American culture is centered around niggers. They have holidays for niggers. They killed hundreds of thousands of white men to free niggers. They listen to nigger music. They elect a nigger as their president. They dress and act like niggers. They draw the entirety of their modern culture from niggers. They post sassy gifs about niggers. They watch sportsball in worship of niggers. Their biggest event of the year involves throwing parties in honor of niggers playing sports. They use nigger slang like "bruh" and "thot". When you say "Martin Luther" they're not thinking of the father of protestantism. They're thinking of the nigger. Their cities are completely overrun with niggers. They worship their ZOGbot police force disproportionately filled with niggers and their global police force of soldiers filled with niggers. Their men sit around watching nigger ball while their women sit around watching nigger talk shows and fantasizing about nigger dick. They worship niggers like Muhammad Ali and Michael Jordan and Michael Jackson and the late Janet Jackson while attacking the whites who actually built their country before niggers took over. Their movies are filled with niggers and their music charts are topped by niggers. They send niggers to the Olympics and celebrate when the niggers win because those niggers are true red blooded american niggers. They watch nigger porn to a point where "BBC" does not make them think of an international media company but about nigger penises instead. They will tell you how much they hate niggers and how the mutt's law meme is a stale joke and they are just pretending to love niggers but the evidence speaks for itself in that America has always been and will be a nation of nigger loving niggers
I'll sell my nasdaq at a higher price than you will be able to

>>49792597
Kek
>>49792623
8 day case doubling. 10k infected by July 4th. After JUNE 26TH this number is going to get spicy

>>49792633
I hope not. :( Because there's nothing sexually thrilling about losing tons of fucking money. I wish my stocks were doing better but I'm long oil

>>49792365
Am I the only one doing this bros? Let's stack some positions here and make some money

>>49792721
plus this is the private loans. so even after another 75bps increase. they could increase the private average if their risk tolerance for lending for mortgages is lower due to a recession

>>49792622
ye bro all that money is gonna pump the stock market all next week

BUDDY LOOK AT BITCOIN COMPUTER HOOOOOLYYYYYYYYY SHIIIIIIIIIIIIIIIT ITS CRASHING IN REAL TIME

Nasdaq fucked on Tuesday confirmed

>>49792622
MARKET BREADTH IS VERY LOW

This can be a sign of a bottom coming soon: the number of stocks trading above the 50 day moving average is super low, less than 5%.

In the past similar situations led to good bounces..

Got blown the fuck out by the wordle today bros.....

>>49792908
>only the Nasdaq

>>49791550
>Meaning I shall dump it?
I'm not confident enough to tell you that, sorry.
I'm basing my view primarily on Ukraine news expectations, but I don't follow food shit closely enough. There should be some vague correlation with natural gas which keeps fertilizer costs high, I think. Just not sure how they move much higher.

BITCOIN 17.5k. What will be funny is the influx of new people to /smg/. They will toss money at the current shit being shilled. Unironically they will make it off SIGA

>>49792959
It was a tough one, but I got it in 4

>>49793113
>>49792959
I feel a bit cheated. They typically avoid foreign words...

>>49792721
I don't think so. The main thing driving housing prices is low inventory. This might lower demand some, but with rents going up as well, I'm not sure where people are supposed to go. Probably more of a cooling off and decline than a total crash.

>>49793113
fuck I got it last one Wordle 364 6/6

Fuck this dumb greg floyd "holiday"

>>49793039
There's some small cross-asset risk but it'll probably be contained.

>>49793223
4chan doesn't let us do the wordle pastes :(

>>49792948
>the fed printing years
Show me 2000-2009

>>49793160
it's not a foreign word lmao

>>49792908
Cryptos have been trading independently on weekends until futures open lol

Bobros serious question:
How do I long suicide?

I spent 6 weeks just watching the market go lower, go very high and low the next day. I got in thinking I would get a rally next week for OPEX primarily and the fed being out of the question. It will be the case

>>49792373
>>49792326
>>49792268
There are a million threads for crypto. Go there and stop off topic posting.
Also, 4chanx can let you filter out crypto tards.

what should shill to the new posters that are leaving the cryto pits

diesel don
SIGA
ARKK
AQB
Workhorse
RYCEY

>>49793443

>>49793416
Rejoice that the crypto meme will soon die in the wake of a thousand redditors committing suicide. The board will improve.

Which one is best to go 100% in at the bottom?
SPY, QQQ, SOXX, TQQQ, or SOXL?

>>49793322
I know but kinda... trying not to spoil. I don't feel completely cheated, but a little bullshit about it. Got it in 5, btw.

>>49793209
Inventory is low because airbnb "hustlers" are leveraged to the tits buying houses to rent. Also a lot of people who work in tech use stock and options as collateral for loans - stocks and options that have plummeted in value. We are going to see a LOT of people getting squeezed into selling all at the same time, and very few people will be able to afford houses at current prices and rates so the only way to clear the inventory is to discount.

>>49793443
SOXL
TQQQ
AQB
SIDU

>>49792959
Ironic considering what the word was.

>>49793443
MONI SOXL

Guys... the entire crypto market is gone. It just died.

What the fuck is going on and is this bullish for us?

>>49788830
Nice reply. Thx!

>>49793443
>>49793075

>putting SIGA with those shitstocks
I fucken hate you guys. You have a chance at wealth right in front of you and you don't even do the DD.
I'm starting to get the whole "some people just deserve to be poor" thing

>>49793337
Rope futures.
>>49793605
No, this market is crashing with no survivors.

>>49792299
I don't see how it would help. You could try to glean some general correlations by analysis of stocks but a lot of this info is already public.
e.g Low P/E stocks tend to outperform but for the big winners you have to use your head.

>>49793372
This got me in the feels

>>49792908

While it has been the case I don't think so this time. BTC has it's own problems with scams imploding.

Indexes need a bounce. Probably there will be something they'll take as a signal inflation has actually peaked (this time for realsies). Then the Fed either backs off or they decide no that's not enough demand destruction here's 75 bips again and we proceed to capitulation phase and the helldump. That will be the moment to make sure you have your shorts in place, but also stop losses on them.

>wake up
>BTC is 18k
>mfw
What's yours, /smg/?

Who else feeling euphoric watching crypto burn?
FAGMAN sissies are next

>>49793337
We call that shorting.

I have a dream.

nano machines son.
nano machines that deliver the antitode straight when they open the release for the chemical.

>>49793712

>>49793748
> nooooooooooooo not my comfy WFH job making 350k per year while working for nly 2 hours per day noooooooooooooooooo

>>49792948
>50 year bull market
>it always bounces here

No shit it bounces, it's completely meaningless

>>49793748
Who ever said bobo doesn't get to cum, lied out there ass.

>>49793748
Maybe the quality of /biz/ will improve.

>>49793416
>as if I'd get a response
/smg/ would give better answers than random AAAAAAA threads.

>>49793712
Half joy, half sadness that I didn't get any coinbase puts on friday.

>>49793605
>a speculative bubble run entirely on greed and fomo pops the moment something rocks the boat and suddenly its the end of the world
You're supposed to be better than this.

>>49793748
Makes me feel a lot better about that SQQQ I bought while Nasdump was still up over 1.8%, not that I had a bad feeling to begin with.

>>49793257
>Hurrr durrr muh demand destruction!!!!

>>49793632
They refuse to see 3 MILLION DISEASED COCKS WAVING FAG FLAGS JUNE 26TH. I will be sure to clftranny post here with gains.

>>49793748
In this moment, I am euphoric. Not because of any phony Moloch's blessing. But because, I am enlightened by my shorts

>>49793794
>>49793822
>>49793748
>>49793545
>>49793337
>>49793372
>>49792948
>>49792623
>>49792427
>>49792309
>>49791905
>>49790553
>>49790830

>>49793416
Why do you have the filter if you open the posts anyway?
Also 4chan has filters built-in nowadays.

>>49793443
Bayhorse, PLTR

>AQB
You do now the mutasnt fish trades below their cash on hand? It's not like when they were at $10

>>49793209
>I'm not sure where people are supposed to go

Back with their parents
Living 10 to a house like the mexicans
Their cars

There is a LOT more room for housing demand destruction than the boomers think

>>49793639
I am unironically thinking about buying some ammo or funeral home stocks

>>49793605
short term bearish
long term VERY bullish

>>49793532
QLD,SSO,USD and develop/backtest a swing trading strategy.

>>49793794
Why is their a chud in a suit?

>>49793931
NONONO Marriage rates are UP fertility is UP EVERYONE NEEDS A BIG HOUSE

>>49793532
ASS (1x) and TIT (1x), or if you don't mind leverage BUTT (3x) and BOOB (3x) desu.

>>49792355

how can you sell nasdaq on sunday?

16k to be accepted in a future very near to you

>>49793879
Could see multiples decline again though. Even at EV/FCFs near 2-3, hard to beat the race to liquidity as all risk asset correlations approach 1.

I doubt if given the huge XOP correction last week, but its possible.

Where have I seen this pattern before

>>49794111
Not sunday exactly but I must wait (sunday night) for futures to open on monday at 00h00(yurop time)

I like how liberal rags are reporting how to have safe sex with monkey-pox using the cdc infographic.

>>49794318
Your multicoloured meme lines are giving me a seizure.

>>49794318
5000 looking like a decent bottom.

the demand for btc is 70% less than in 2017 from a larger captive audience with easier access to buying it

It's dead, no ponzi can survive this, will actually need a real catalyst or use-case for any future gains

>>49794361
Mkt holiday in the US Monday. Everyone needs to buckle up until Tuesday morning.

>>49794447
try 750 lol. lmao, even

>>49794405
I thought it was an attempt by gays to appropriate technical analysis

>>49794388
Please masturbate 6 feet away from your consenting partner in order to stop the spread.

>>49794479
that would make the pe ratio of the nasdaq like 1, why would it ever go there

>>49794318
price isn't what anyone looks at
It's PE, forward guidance, cash on hand, debt, DCF, etc.

>>49794473
Indices still trade, its only you(mutts) who can't trade
Picrel is nasdaq

Are there actual men here think we will have a green week next week or even a complete pivot? If so I want to smoke what you're toking.

>>49794670
Picrel forgotten
>>49794678
OPEX copium, I have now realized my mistake and will sell on monday at 0(zero)hours

Sorry guys

>>49787950
That’s actually a decent explanation why unironic faggotry hasn’t been bred out

>>49794678
My TA on SPY says green week.

>>49794789
The CDC has negatively credibility, no one cares what they say.
This doesn't help their reputation lmfao.

>>49794789
If you have a small pox relative just wear clothes :^)

I love American Government elites

>>49793794
I had a draemsicle today anon but it melted

>>49788179
Dumb nigger, futures are open Sunday and Monday

Weekend DOW is at -0.70% already and keeps dropping.

The dump continues next week.

https://www.ig.com/en/indices/markets-indices/weekend-wall-street

>>49791959
>>49792333
brothers
we could've shorted ethereum or COIN or BILI
we could have compounded our returns in SOXS
I would then have been able to afford a qt anime watching wife.
Why is life like this?

>>49794945
>he doesn't know that you can trade on the weekend

NGMI. This board is full of so many dumbos after 2020 retail craze.

Nice

>>49794897
Its better to coom on the carpet than your partner. The CDC knows best, don't you trust science?

>>49794807
Amateur.

>>49794807
Meme circles are becoming more common. Is this a paradigm shift?

On a scale of One to RED how red will tuesday be

i let my shorts ride over the weekend expecting some sort of horrible news and now btc is 18k
hopefully i make enough to fully prep for a complete collapse

>>49794959
I slurped the falling knife

>>49795240
Anyone with exposure to crypto is fucked.

>>49795265
>>49795265
>>49795265
NEW

>>49795165
I kneel.

>>49794959
>71% of client accounts are long on this market
hehe, this shit is ripe to go subterranean

>>49789006
Big tech bigger weight, big fall coming

>>49789618
Buying fintech with high cost of capital (interest rates) is retarded.

>>49796462
I loaded up on SOFI puts the other day