/biz/ - Business & Finance

What the fuck is going on with BOIL, it's almost at its 52 week low. Should I be slurping this?

I generally despise retail traders and here's why: They are typically short-sighted, antsy, undisiciplined gamblers just looking for their next hit. They have no respect or understanding of actual financial instruments and economic metrics, let alone any real knowledge of the strategic and tactical profession of a legitimate trader. No, retail traders tend to simply chase their next high. They see something pop off and think "To the moon!" and not "This is acting unexpectedly to the fundamentals in play, but I can still take advantage of this movement -- I must now hedge accordingly and monitor this security closely."

Boring? That's the way it should be. That's the way it always has been, that this is a gentleman's sport of skill and not merely a dance of chance. Ask these men, if they can be called that, for they behave no better than giddy childten racing snails: What does one do when they are in a profit? Why to them they continue holding! Holding until... it goes back down. No trading sense, no investor sense, this what we call nonsense. When you see one of these cretins boasting, ask them what principal were they working with, how many lots, what cost basis did they start with? What time horizon, what level of risk tolerance, what strategy? They return with a blank stare and a dumbfounded smile as if to proclaim silently "What are those? I'm just here to make money and want to talk about the next hot stock." Thankfully I can always be on the other side of their trades.

Letters from the Trading Desk

>>55245096
dont ever touch boil until there is clearly an up trend.

I chose the forbidden step and acquired more liquidity by taking a personal loan for the summer while I wait for long-term housing refinance so I can finally buy this fucker happens.

Damn I forgot about my Tesla for a couple of weeks and just checked on it. Holy shit.

>>55245096
to start a new seed i just buy a tiny amount to have as a monitor and somewhat "dca" into as it drops. after getting burned pretty good a few times i've been altering the proportions of the injections as it travels downwards/upwards. i do not suggest essentially ever "going all in" unless you are catching a very clearly defined momentum because it is easy af to get heemed by the wild bucking bronco.

>55245111
Despite your trips, not gonna give a (You)

Yields....

The balance sheet... grew 5 Bill this week

Spreads

My financial aid offer lets me take out about $20k in loans ($10k per semester). My school expenses are already taken care of. Is it a good idea to take out these loans and go all into SOXL? I wouldn't need to start paying on these loans for another 2 or 3 years.

>>55245206
>>55245196
>>55245185
Thank you macrosama

Here's a key reason Ford's fucked up. Just look at this. F-150 through the years; 1983 - 2020. Hint; By 2020 the F-150 is the size of a tank while the "old" models are the size of a current year Ranger. Plus uh you can actually fucking see out of the older ones better.

We can officially say the bulls won another week. The bears will sulk in despair for another 2 days.

>>55245300
Extended cab works just fucking fine for boomers that need more space and that support a family. I don't have a box on my ranger xlt, so I have behind my seat to store stuff like extra antifreeze and stuff to get ice off windshield etc, ratchets and straps etc. However I bet they had to do away with that due to "safety protocols" that the fold down seats weren't safe enough for babies so they had to do the monstrous double door.

>>55245300
i am definitely not a fan of these new huge boxy front ends. both F and GM have turned into huge shoeboxes. i also think it is total fuckin bullshit that one can no longer get a Ranger sized Ranger anymore, and the S-10 went totally the way of the dodo. But you are exactly right on that the new rangers are essentially the old F-150s. fuckin clown world creeps into every facet.

STAY POOR anti-dividend tards

>>55245178
>>55245111
You wont but I will

>>55245223
>I will buy more on margin.

>>55245178
This is fake because ricky got his grade 10

>>55245300
>>55245330
>>55245322
Blame emission and safety standards. Those early models are literally illegal to design.

>>55245172
kek'd and based.

>>55245111
>Letters from the Trading Desk
holy based

third worlder here
will be throwing my first 1 kilodollars to the stock market this monday
looking out for a pullback to buy some tesla
otherwise may just go balls deep long on unity

>>55245518
i have learned to just always assume it is about to drop more, then just get surprised by the pumps.

>>55245563
>looking out for a pullback to buy some tesla
lol

>>55245111
>nooo you have to respect our profession and sport of skill even though we all have shit returns
>-haha line go up

>>55245574
230-ish should be perfectly doable before it moons

i boughted $1.76 of BTC and $1.10 of DOGE just to keep the numbers and lines moving in the live mode at all times for the weekend. it is satisfying even when it's dropping because it's only pennies, but also interesting just to monitor what happens in real time on a weekend following huge shakeups in that "world". i might add little bits to it on significant drops too.

Rate my portfolio:
DIS
TGT
BUD

>>55245111
trips checked

I did it. I finally killed /smg/. Feels good.

this is the only general in this website that gets so slow during weekends which leads me to believe most posters are fucking normies who have a life outside of finance autism and it makes me very angry

>>55245074
Heh, I made that image

>>55245696
most of us actually just shitpost and trade at work. weekends are just weekends.

>>55245696
there's a saying around here "fuck em and feed em beans". it doesn't make any sense in the context that it is used, but i have always liked it nonetheless. i haven't heard it used in decades. anyway, no need to get angry, fuck em and feed em beans.

>>55245743
I've always heard it as "Fuck 'em feed 'em fish"

Anyone like selling cash covered puts, collecting the premium AND the 5% on the cash?

>>55245696
no man it's because people are red and they dont want to lurk anymore

during bull market the weekends would normally be full of shilling and people asking for DD and people sharing their DD begging for confirmation bias

>>55245758
is that maybe the yankee version?

is it ok to buy yourself a little treat?

>>55245800
....that depends. What's the little treat you're thinking of?

>>55245800
Yeah fren it's friday have a lil treat.

>>55245815

So now is a good entry point for Target right?

The boycott crap is already dying down, and i know they dipped a bit because of the last quarter earnings report but much of it was the controversy. It literally can't get any lower now

What do you faggots think?

>>55245800
i am grappling with that very conundrum. i am in the red, *very* slowly clawing back little by little, but KO boomer got me to hankerin' pizza and it ain't quittin' so i might ride into the edge of town tomorrow and pick up a cheap one when i make a run to the garbage dump. yet, i know that it is not the best idea to spend even the $10, despite being almost to my next $5 WMT card from Bing Rewards. i reckon the answer is up to the individual circumstances.

>>55245825
Extra Saucers are literal animals

>>55245800
personally im ordering a new car once 2024 model rolls in
it'd only cost me 1/3rd of my covid gains (though i won't actually buy it with cash im just gonna finance it and keep my money invested)
i deserve this little treat

i'll get silver wheels for it too to make it more boring, i dont actually want to stand out i just want a nice clean fun car. I wouldn't mind driving my old 2009 car if it wasn't rusting visibly around the wheel wells already (fucking mazda and their shit steel), also the inside is gross i bought it used years ago and i never feel like i can get it perfectly clean :(

>>55245760
Yeah but I just could have bought TQQQ and massively outperformed myself

>>55245111
checked trips. sauce btw? sounds like a neat except, where can i find this book

>>55245206
this is what HYG and JNK yield and get priced against...
ludicrous

>>55245300
>By 2020 the F-150 is the size of a tank while the "old" models are the size of a current year Ranger
There wasn't any choice. Burgers got proportionally fatter over the decades.
The F150 was only adjusted for (BMI) inflation.

>>55245074
So uhh
This is the market cycle chart right? It’s about to crash like crazy, yes?

>>55246016
nah bro it's fine

What's for dinner /biz/?

>>55246062
I went to cookout

>>55245300
no-one who actually works drives those monstrosities

>>55246062
based
there's a new monster cereal girl character coming out this year

>>55246062
I went and had a delicious burrito

>>55246062
Salmon and barley.

Im not even shitposting. Are there any people ITT that fell for the whole "global financial collapse" narrative? Was it the China FUD that got you? Or the 2022 bear market? Sincere question, not trying to shitpost or gloat or anything faggoty like that. Just trying to understand.

>>55246124
I expected the dump to be bigger but not to doomer Mad Max levels

>>55246124
Top signal

>>55246124
There has been a global financial collapse. Perhaps you missed it.

>>55246124
You should ask this in PMG

>>55246062
a girl just gave me her leftover chips, mexican rice, and salsa

>>55246124
My portfolio sure did.

>>55246124
signs for the global collapse have been right there all along, just that it's gonna be after Q3 2023 at the earliest, Q4 2024 at the latest
bears just couldn't keep it in their pants and went apeshit shorting everything thinking we will get a -20% crash any day

>>55246124
that level of unwarranted smugness

>>55245612
boy this shit is really delivering on the action this weekend so far. that one was almost 2 hours ago and this one is right now, and it only shows the last hour so this is a whole new fresh dipparino. it is a wild buckin' bronco, very well worth the price of admission.

>>55246201

>>55246227
???
surely you're not just letting your line and numbers sit still
you bought line and numbers movers, right anon?

>>55246249
obviously

>>55246030
I don’t understand your reply
Can’t tell if sarcasm

>futures

>>55246290
You're gonna make it.

>>55246269
kick ass! them's really mighty nice ones you got there!

>Gains in the U.S. stock market this year have been concentrated among a handful of immensely valuable tech companies. Technology and communications services stocks in the S&P 500 are up more than 30 percent this year to date. Consumer discretionary stocks are up this year as well — by around 18 percent — but all of the other eight S&P 500 sectors are down. Stocks in the energy sector are collectively down more than 10 percent.

>

>>55246306
i've been doing by far most of my recent buying in the energy sector

>>55246124
doomers and pessimists are everywhere. everyone distrusts experts, the media, biden etc. it just HAS to crash because people are angry

>>55246306
What's going to be the next hot thing in the 2nd half of the year?

>>55246339
>angry
*fucking retarded

>>55246359
Credit crunch, earnings compression, bac folds, btcusd 3k. Probably none of those.

>>55246359
T-bills

>>55246381
OK, but what if Powell is panicking about that credit crunch, hence the "skip"? Banks only have months left in them; they need a 100-200bps cut or their margins and activity are kill. Especially with post-SVB regulators on their asses.

Maybe he tries to have it both ways: amend BTFP to be a cheaper lifeline while hiking another 25 in July?

>>55245111
>Thankfully I can always be on the other side of their trades.
With your own money or the desk's? It's kind of gay when you aren't risking your own money.

>>55246402
Yes, rack up 5% while inflation is 5%. That's definitely The Next Big Trade. Come on, anon, you can do better.

>>55246411
Gotta use reverse repo to buy the bonds, it's that simple no btfp required.

It's going to be a rough summer for Bobo's.

https://www.youtube.com/watch?v=ic8j13piAhQ

>>55246381
god i wanna fuck her asscheeks hard and release all my goo over her pink sweaty asshole

>>55246434
Sure, Yellen is slow walking the TGA and leaning heavily on bill issuance. I'm not worried about the $2tn in the RRP moving into that, I'm talking about main street lending activity.

Banks now have to pay customers 4-5%, while nobody wants to take out a 7% mortgage or 9% auto loan. And all the existing debt on their books is at post-COVID ZIRP rates. It's a situation that requires time or yield curve uninversion to unfuck itself.

>>55246455

>>55246269
hory shet i hope you sold that
i sold mine right before the free fall and moved it all to the BTC. i don't mind losing a little change but it became clear that DOGE is going to do nothing but dump, along with probably most alts. i don't give a fuck about crypto though other than as a COPE for the markets not being open.

>>55246306
Tech is speculation and im still in cash. No one knows where this shit is going and I feel like our country is too Adhd to actually let the market heal. Everyone’s just trying to get back in ASAP and I think it’s a huge mistake. Could be wrong but I get 4.30 in my brokerage account, so whatever. Playing it safe because of real life expenses.

>>55246509
probably ultimately vindicated

AI will be the new DOT com bubble. Very clear that the market is pricing in a boost in productivity that won’t be realized for probably a decade for a lot of these backwards as corporations ran by mouthbreathers. That being said, companies that specialize in implementing AI solutions for these corporations are going to make BANK. Unfortunately, these probably won’t be publicly traded so you aren’t going to make money on them unless you start one or are a VC.

>sell 26m barrels of oil at prices below $72
>buy 3m back at $73
>while futures contracts 4+ months out all trade below $70
>claim a profit referencing some barrels sold 12 months ago
Genius.

>>55245615
I like it.

The market may be closed but the Pee Pee futures are open! Step right up and try your luck. Here's the latest quote, are you longing or shorting bros?
I'll be posting an updated chart in one hour.

>>55246753
Short.

>>55246733
Anas the Oil Arab ran the numbers on the actual cost of those sold barrels. It's pretty funny: https://twitter.com/anasalhajji/status/1567748699014537219

>>55246753
Strong reversal on those last couple candles. Long that shit to the moon.

>>55246753
i happen to have insider information that there will absolutely guaranteed be a peepeepoo supply glut coming very soon and it will not let up fucking
EVER

So Merrick Garland is going to arrest Biden for illegally possessing classified documents in his house too, right? RIGHT??

>>55246753
Go long.

Me and my beautiful wife just got back from a friend's wedding. We had a good time. She wanted to sing a song for /smg/. So please be respectful.

https://youtu.be/7Wcr_vLtt2U
https://youtu.be/7Wcr_vLtt2U
https://youtu.be/7Wcr_vLtt2U

Stocks and crypto decoupled again

>>55246753
My only meal today was half of a Costco pizza. Short on poo poo futures, that shit will be clogged for days.

>>55246974
john-chan how are you doing

Yo mumufags. Can you tell me what happens if JPOW skips? And what happens if Jpow surprise hikes? Thank you

>>55245111
>I generally despise retail traders and here's why: They are typically short-sighted, antsy, undisiciplined gamblers just looking for their next hit. They have no respect or understanding of actual financial instruments and economic metrics, let alone any real knowledge of the strategic and tactical profession of a legitimate trader. No, retail traders tend to simply chase their next high. They see something pop off and think "To the moon!" and not "This is acting unexpectedly to the fundamentals in play, but I can still take advantage of this movement -- I must now hedge accordingly and monitor this security closely."
>Boring? That's the way it should be. That's the way it always has been, that this is a gentleman's sport of skill and not merely a dance of chance. Ask these men, if they can be called that, for they behave no better than giddy childten racing snails: What does one do when they are in a profit? Why to them they continue holding! Holding until... it goes back down. No trading sense, no investor sense, this what we call nonsense. When you see one of these cretins boasting, ask them what principal were they working with, how many lots, what cost basis did they start with? What time horizon, what level of risk tolerance, what strategy? They return with a blank stare and a dumbfounded smile as if to proclaim silently "What are those? I'm just here to make money and want to talk about the next hot stock." Thankfully I can always be on the other side of their trades.
>Letters from the Trading Desk

>>55247080
>Can you tell me what happens if JPOW skips?
Easy money and removal of event risk. It's not even a "short the end of a Fed hiking cycle" because he'll hike in July.

>And what happens if Jpow surprise hikes?
He won't. He never surprises and, furthermore, has show no balls since Jackson Hole.

>>55247144
If inflation continues to cool due to manipulation there will be no july hike, they are going to declare 4.9 Core inflation on tuesday and mission accomplished, Powell did it!

>>55247144
>easy money
Why? Why would the stock market rallye further? Isn't it already priced in? As with the BoC surprise hike. Have you seen the drop happening, because they thought JPOW could hike too? If we were at that level with priced in skip, why would we rallye further with a skip and not just stay there, if a hike would mean a drop? If there is a move, the skip isn't really priced in, but only the chance.

>>55247181
Soft. Landing. Achieved.

>>55247181
This shit is because of oil, August and september CPI will look different again should oil stay at 70 and worse should it rallye back to 80 or higher for whatever reason.

>>55247067
I'm doing well, but I'm absolutely obliterated. There was so much booze and pre-rolls at this reception that I'm prying open my 3rd eye.

>>55247194
Biden wants to drain the SPR so who knows if oil will ever get above 80 since OPEC won't just embargo us

Wow! Extreme fear & greed! What could the goy think of next! (besides losing their entire portfolido!)

>>55246812
>>55246829
>>55246832
>>55246888
>>55247053
Another 100 candles has passed by. Bulls have been BTFO.
>inb4 b-but I got out at 15400!
Sorry anon, you kept saying something about it going up forever. And then that the dip is "just a pullback".

>>55246753
uhhhhhhhhhhh bros?

>>55247304
i will buy now

bulls win again

>>55247373
dumb niggerbull

>>55247332
We should've been at extreme greed like 2 months ago

Bitcoin bros???

>>55247610
Sir this is a brown free zone. Post hands or you will be escorted out.

>>55246455
>sounds nothing like the original
lame
https://www.youtube.com/watch?v=l9ml3nyww80

Ford just broke out of the 200WMA/50WMA wedge this week. Buy now for an easy 10-30% by end of June.

just woke up, what did i miss?

>TSLA 240

>>55246887
Long AI

>>55246312
I've always been confused what happened here? Did he have a battery in his shoe or some shit?

>>55248212
More bear copium. Rocker had a nice evening with his waifu. Ugly girls were posted. And there was a video of a guy being eaten by a shark. King of like what's happening to people shorting the market.

you dont know how short i am

>>55245206
can someone explain this chart please? what is it showing and what is the significance?

>>55248404
same

>>55248444
corporate bond yields
https://fred.stlouisfed.org/series/BAMLH0A0HYM2
read here, its' complex

>>55248590
me three

>>55248444
Theses are credit spreads for investment grade bonds and High Yield bonds

A credit spread is the different between U.S. treasuries and corporate yield.

It shows the risk/reward a bond relative to a zero* risk bond

Right now corporate spreads are still tight, showing little to no fear in buying corporate paper, but will widen if there a credit event.

I don't want to sound like a Bobo but I don't see how resuming student loan payments isn't gonna completely tank the market

>>55248748
What's the link?

>>55247304
What's this chart?

>>55248748
Why would it do that?

>>55248792
>>55248848
Less spending in the market

>>55248896
Less spending on equities... by people with student loans?

>>55248905
Yes my negus, people with college degrees have higher salaries. Salaries they've been using on equities if they're smart and retail if they're stupid. Either way, that money goes away when student debt payments resume. Less money in the market, less money in retail, lower earnings.

THATS IT! Im shorting the fucking UK! This has to be the most antisemitic thing they've ever done. Good job UK you're on the road to become a dark age shithole again, Im shorting you economy because apparently you want to destroy it. Banning fucking science? lmao

>>55248922
>people with high salaries
>but outstanding student loans that eat into their disposable/investible income
yeah I don't think that's something that can move equities.

>>55249009
wtf, uh, how can I do clinical research on my toddlers now?

>>55248896
What the average amount owed per person?

Weekend futures basically flat

>>55249072
Crypto pajeetfutures are down though

Is it time to buy more nvidia?

Why can't we trade stocks 24/7 like crypto?

>>55249061
Just federal?
1.65 trillion total money owed
43.8M borrowers
$37,338 per borrower
Roughly $500 dollars a month payment

>>55249114
Why can't you make money Mon - Fri?

>>55249082
Meaning?
I'm talking about the stock market here, I not talking about crypto

>>55249152
I know, but IG "weekend futures" don't mean much. Meanwhile crypto just took a big hit.

>>55249163
What are you saying? Are you saying the dow jones will open negative because crypto took a hit?

>>55249181
I'm saying it's slightly less meaningless than "IG weekend futures"

>>55249188
If dow jones were to open now, what would you predict it to open at? Basically flat?

>>55249207
A flat open is inherently negative

>>55249211
It's neutral

>>55249150
Who says I can't?

>>55249286
The fact you're not out spending the money you made Mon - Fri and instead asking for the market to be open forever

>>55249314
I only spend my money on necessities and things that earn more money

>>55249340
Sounds like you don't have enough.

>>55249348
I don't

>>55249348
Enough for me is however much it takes to be able to crush normies, which I estimate is at least $20m. I am not ashamed to admit having less than $20m.

>>55249222
The market is never still, and if it’s not up it’s down

I'm down 30% on CVNA, should I sell or is it going backup?

>>55249397
That's why I said "basically " flat...as in not much happening...obviously it's never perfectly at zero

>>55249009
SELL ALL PHARMA EXCEPT FAT PHARMA (NOVO AND ELI?)

>>55249408
>buying after a 60% pump
Retardbro...

Nowhere near enough cat posting. recession confirmed

should I buy puts on nvdia?

>>55249553
I don't know

>>55249828
Very helpful

Looking at all the jokers on Freelance websites pretending to be serious workers and getting paid for it made me realize this entire economy is based purely on bullshitting each other. JUST TRUST ME BRO, I'M AN EXPERT CONTENT WRITER WITH MY BA IN ENGLISH, I'VE GOT A 5 STAR RATING LIKE AN UBER DRIVER.

>>55249553
Sure :)

>>55249490
There's a schizo on /biz/ who hates cats.

>>55249340
I spend money on food. Too much.

>>55247332
everytime we've gone to over 75, we've had a market top

*puts on noise canceling headphones to deafen the tumult of the crypto pits*

>>55250116
I always known crypto is nothing but a scam. And I made about 5k on it, while knowing it's a scam. I just sold right after the pump. It was so easy.

>>55246820
Interesting analysis but not especially relevant. The original intent of the SPR was not to produce a long term profit, but to provide some insurance against another potential embargo like the 70s.
Nowadays, that cushion of extra storage is less necessary since our own domestic production + Canada is much higher and roughly balances consumption needs. There are still issues with location/transport, quality, and refining capacity that mean we continue to both import and export significant quantities of crude/products, but overall the balance is much better than it once was.

So on the whole I see nothing wrong with draining the SPR in general, just the political posturing around a fake profit.

are SOXLsisters prepared for the deep red in the next few weeks yet?
I sold AMD at $128.5, never looked back

Also, I need to buy Shopify at 53.
Bearbros, please do your job and smash this market down.

>>55246124
>that one retard that posts the same fucking doomer graph every thread
It was at that point I knew nothing was going to happen, and that 2022 to early 23 was the low.

>>55245111
>crashes the entire world economy because of relentless greed
will americans ever revolt against their overlords?

>>55247181
there will be rate hike in both June and July unless this market go down again.

>>55250598
Sitting on 9000 shares rn

>>55250685
back to $100 IMO, I will reload there

>>55250700
I meant SOXL not AMD. NVDA drives the whole sector and there’s too much support in the 360-380 range for NVDA for me to worry much. Wish I’d sold $23 0dte calls on Friday though.

>>55250735
bro, during the smash down, all those support won't mean much.
NVDA hit the top of the long term log scale channel and only move is down now IMO.

TODAY
IS
HERBS & SPICES
DAY
anyone who didn't feel the instinct to buy MA yesterday or is otherwise not presently holding any is a
CONFIRMED FAGGOT
who takes dicks up the ass and sucks dicks and lets other faggots piss in their mouth and is about to
CONTRACT THA MOONKEYPOOX
and had best get some of that SIGA shit pronto
i felt the natural instinct to buy some yesterday so i am confirmed based and heterosexual you fucking no MA holding dick up the ass dick sucking fucking faggot.

>>55250865

Who /shorting MSTR/ here? Their average BTC price is nearly $30k. Saylor's down bad. Company is extremely unprofitable.

The United States is a military dictatorship controlled by the CIA/DHS/NSA/FBI, that LARPs as a democracy. How do I profit from this?

>>55250876
Now I can understand why Juneteenth is June 19th. Wouldn't want to overshadow KFC day.

>freelance job post
>"5 dollars an hour, must have a master's degree"
>hire rate: 0%
Nowhere in this world have I ever found an employer to be reasonable or pay enough to justify their demands.

Seems like VIX could catapult back up according to my TA

What do you anons think? Might all in this shit

>>55245111

>>55251305
i sure would love to grab me one of those watermelons, i had some of a really good and sweet one the other day, better than most you wind up with these days. herbs and spices brings to my mind trading ships going to and fro far away mysterious lands in days when there were still lands and peoples which were mysterious to each other. everyone ate the same locally available staples day after day, and having some way to enhance and varietize flavors was strongly desired and welcomed. i enjoy going to wikipedia and reading about the origins of certain herbs and spices and thinking about how they were very first discovered by their own local peoples, and then shared and spread between peoples from around the world back when sharing and spreading was far more difficult, laborious, expensive, slow, and rare. it's easy to take the ubiquitous availability of such a wide variety of herbs and spices for granted these days when WMT and KR have a whole section top to bottom just filled with MA bottles. that's why i wanted to hold some, so i could think about that.

How do I profit from the United States turning into an FBI/DHS led junta? Should I go long on PLTR and GEO? (financially speaking and not politically)

>>55245696
Its disc golf season, 99% of 4chaners worth a shit are white and in their 30s
You do the math

Wheres the racism you faggot janny. Find a real job you sad fuck.

>>55251400
I actually make a decent living scraping the pajeet of projects that companies thought $5/hr was going to get them something that actually worked.

>>55251437
who has the screencaps of the other posters who all ined vix plays?

>>55245111
What you really do is cheat with inside information & changing the rules whenever you lose. You build up this mystique about your elite 'skill'; its bullshit. Guys in their basement can & have beaten you, at which point your team flips the table & invents a new game. Youre a fraud.

>>55251631
oh shit i missed that. was it recent? got a strong feeling it’ll bounce

>>55250755
>only move is down now
The graveyard is full of people who shorted nvidia with those final words.

>>55245782
this. weeked is like a vacation from the pain because at least today the number can't go lower

>>55251806
well there was the dude last year who bought a bunch of uvxy calls and said if it didn't work out he would kill himself, then there's the .50c vix trader kek

Kek. 680.84 a month gets sucked from my check for taxes. 347.26 a month gets sucked for Health/Vision/Dental for me and my wife. Where does the rest of the green go? 401k,pension, emergency fund, and expenses in general.

>>55251606
Don't they complain it doesn't work though, or do they not care? Anyway I'm just surprised everywhere I look is some boomer trying to save 5 bucks by being cheap. This country is going to hell because 80 years ago they cared about paying for quality work but we're being run by 80yos who go the opposite way and want cheap work.

>>55251437
If by 'catapult' you mean remain low until march 2024 when political instability causes economic instability and we see a record sharting of the mart(ket) when the FED pivooots in september 2024, leading to RED OCTOBER.

Biden will mysteriously win, as californian turnout increases to new highs despite the overall population of california being in decline.

>>55252036
Kek. 462.12 a month gets sucked from my check for taxes. 0 a month gets sucked for health insurance. Where does the rest of the green go? 401k, emergency fund, options gambling and expenses in general

Could we at least get a 5% drop on the S&P and maybe a 8-9% drop on the nasdaq? C'mon people, I'm dying over here.

New plan: spy puts on margin since I spent all my money already

>JUST IN - Ted Kaczynski, known as "Unabomber," was found dead in his jail cell this morning, authorities say.
Bullish for the industrial society

>>55252110
it's a combination typically of users complaining and management not caring. by the time they get to me they are already 3-4x over budget and should have just hired a european dev team to start with.

>>55252202
Oil and natural gas are the only things that will go down, but tech will keep the market going up.

>>55252570
it's over the jews have won...

XLI it the moon

Hmm. Just via tax refunds to bag VZ based on a 40 per share price, it'd take 3.2 years before I hit my target share number. Ironically enough uh my personal loan would also be paid off by this time with my remaining credit card debt a little before then to.

yeeeeeeeeeehaaaaaaaw
very exciting weekend action
it's like the General Lee in flight over a creekbed

>>55245196
that is bearly a drop in the ocean when you see how much they took off from that prior

>>55252920
>Bearly

Yo bros and bizraelis.
Is optionstrat worth the subscription?
I wanted to use it to try to practice and was considering the yearly. Just wanted to know if any fellas here actually use it at all.

>>55252920
They are about 1.5 Trillion away from have the M2 following the long term trend line
I only made those charts when the Fed added more to the balance sheet during the banking crises and when the amount is a 8.3 Trillion I will stop posting it.

>>55252975
I enjoy the $15/mo version and it pays for itself easily.

>>55252754
>it's back down
I have no idea what's going on, I just hope it means TOTAL MUMU DEATH

>>55253185
It's got nothing to do with the share market tho

>>55253185
indeed, as expected when i said that, considering the General Lee always came back down on the other side of the creekbed!

https://www.youtube.com/watch?v=JP_qQAkoZ8I

>>55253194
yes it does nogbrain, it's a way of coping during times that the "share market" is closed". it is stock market enthusiast autist coping therapy to keep the numbers and lines moving at all times.

>>55245074

just buy VERI

the you know whoos already you know jooooed it so hard they are now buying it all

>>55252625
Just like the metaverse!

>>55253279
Weekend stock futures are basically flat

>>55251400
The fact someone willingly went in debt for a masters proves how stupid they are that they couldn't find a way to teach themselves the information on their own with the internet at their disposal and deserves the life of a slave.

>>55253319
ah, i never have see those, only the ones that start up Sun eve. aren't those there just randos making their own little bits and rooted in nothing actually even influential in the least, or what is their basis?

>>55253346
I've watched it for 3 months and it's very accurate...even others seem to think so

>>55253290
META will be the next tech shitstock to pump.

Incidentally I remember back in like march or april someone saying he had 'insider tesla info' and said it would dump in the short term, but in the medium term would pump hard.

>>55253343
>teach themselves
This is very much a 4chins meme but the reality is no job cares that you 'know the skills', they are filtering people by including a master's requirement and won't take the epic /g/ programmer and his portfolio of sneedacity.

But in this case it's inappropriate because they're paying pajeet wages.

>>55253390
hmmmm, very interesting, it sorta smells of jeet tho, i bet HOOD will be having this even better as a next step after the 24/5 trading of actual stooks that's coming later this month.

>>55253343
today it's all about credentialism. you could be a retarded PhD and work at a fortune 500. you can be a self taught genius and get passed up at McDonald's to someone with 6 months prior frier experience.

>>55253413
>won't take the epic /g/ programmer and his portfolio of sneedacity.
Wrong. I'm an epic Cnile /g/ programmer, didn't have a real job for 14 years and I got hired last year based on my portfolio as a senior embedded software engineer.

>>55253520
Must be a good profile. But it's weird that plumbers make about 60k on average but 4chan always has "that one self-employed plumber who makes 200k" as a counter to the medians and averages that are most common.

>>55253548
two of the wealthiest self made men in my area started as plumbers. they made so much plumbing they were able to parlay into other ventures and expand exponentially. i only know of one of the main plumbers around here that was too dumb to do that and is still plumbing himself directly. the other two still have their plumbing companies but it's all just people working for them now.

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

>>55253133
I will trust your dubs, good anon. Thanks for the one reply

>>55253577
Yeah but I'm not talking about boomers cleaning pipes in the 1980s, I'm talking about people saying "I'm a 22 year old plumber making 200k, people line up and offer me their wives as compensation". It's amazing people will actually jump out of the woodwork to defend 4chan do you really believe it? Type stories, when in reality unless proofs are provided everything is a just trust me bro.

>>55253675
there are no poor people on 4chan, just look at all the people here that have totally not 4 figure portfolios

Someone told me beyond $100,000 investing that amount of money into just stock / similar assets is stupid.
Are they right?

>>55253675
those posts are designed to create status anxiety in the viewer and encourage them to gamble in the casino

>>55253675
i shovel shit for a living and i make 100k and fuck other men's wives. but don't be jealous, just gamble all your money on dumb risks

>>55253704
excuse me but my portfolio is 3 figures

>>55253675
that one plumber that didn't mi i saw a few months ago in the arrest reports for DUI. one of the two that did mi wound up buying the supply store that every area contractor uses and even had to move it into a huge (for around here) new warehouse after already moving it into a building that was 3x the size of the original.

https://www.youtube.com/watch?v=N81mlXMRSdA

plumbers get to set their prices because when they are needed, they are needed badly and everyone know they do work that sucks to have to do. there's no reason a 22 year old plumber can make really good money and increase it as he builds reputation. reputation is dang near everything. the other plumber that mi always had the reputation for "he's high but if you want your shit done right then he's the one you call". i'm not defending 4chan, i'm just telling you how shit is. i don't know, maybe it's different in cities because the faggot and nigger dynamics cause reversals of sense and functionality.

>>55253732
you should do whatever you think will give you the highest returns in accordance with your own risk tolerance. I am of the opinion you can diversify plenty within the realm of stocks without having to play other games you are unfamiliar with. At some point you might want to consider buying/opening a business, but that is probably in the millions.

>>55253732
If you go all in on stocks you'll be in pain during downwards movements, but if you hold you'll eventually be in profit again. It's people who are drawing down or will need to withdraw in the next 5y or so who need to diversify so they aren't forced to sell at a loss. If you want to live off of investments ($100k is nowhere near enough for that) then you can switch to mostly dividend stocks and some bonds and try to withdraw only the dividends/interest.

In growth phase (i.e. when they have a job) most people go all in on high risk stocks and ride the volatility.

nose running. pls not a cold. i don't want to be sick. maybe it's allergies. it's probably allergies. this is bearish for the market. i'm shorting on Monday.

>>55253675
Kek it's the same with the WFH threads.
>Yep, just crack open my laptop and send a few emails. Do some zoom meetings. Jack off to tranny porn, smoke some weed. I'm making 600K a year with this one simple trick!
Either they're bullshitting or SPY is really going to 0.

>>55253829
those jobs are real but you don't just get one, you're given one

>>55253829
Or wfh stories where they spend 2 hours a week sending emails and making $150k a year forget to mention they probably have senior level experience and can output maximum productivity with minimal output.

>>55246062
Homemade chicken thighs with veggies. Saturday lunch with parents on rainy day, can't get any better.

>>55253881
That's kind of the point though. You want to position yourself so that a bit of hard work early on in your tech job can pay dividends later on when you're the only person in the building able to maintain your code.

>>55246124
Both bulls and bears are too smug right now. THEY. WILL. LEARN. Why are there holes in the sand?

>>55253916
Of course. But spending years working hard to get there is not what the wfh threads are saying. They leave out the countless failures and blood and sweat and tears. They make it seem like you lrn2code and walk out making 6 figures working 2 hours a week. Very disingenuous.

>>55245354
>12 cents
I cant cum to this

>>55253942
>They make it seem like you lrn2code and walk out making 6 figures working 2 hours a week.
It's not that far off, of course you need a bit of experience, but when you're there at least with my current job it's really like having a few meetings, and most of the work is about waiting for colleagues to answer questions or review your code, and because the time it takes to get anything done is so variable you can easily get away with giving a small fraction of what would be considered 100% effort. In fact I always complain that my job involves too little programming and too much communicating.

I live and work in Poland so my salary won't impress you ($52k/year gross which is typical for a senior embedded software engineer around here, but keep in mind the national average is less than $12k, paying $400/month for the rent is common) but the Silicon Valley equivalent would probably be 4x as much (and the rent there 10x as much). It's hard enough for companies to find good C coders that you can get away with asking for special accommodations on top of not working too hard, like recently my employers accepted that I would relocate to a smaller town 4 hours away and that I would work part time as B2B.

>>55253732
Investment is long term, if you invest 1 million over your 40 years until you retire, the stock market theoretically will give you a return of 5 million averaged out over decades of inflation and shit. Your house will also go from 450k to 2 million or whatever.

>>55254002
i already blew it all fuckin' with BTC and DOGE. such a feeling of shame. the change portion of my HOOD total was 95 cents, and now it's .72. I'm desperately hoping to get it back to .73 right now.

>>55246062
>>55246070
What country are these sold in ?

>>55254062
>It's hard enough for companies to find good C coders that you can get away with asking for special accommodations on top of not working too hard, like recently my employers accepted that I would relocate to a smaller town 4 hours away and that I would work part time as B2B.
This wouldn't work in the USA specifically because American boomer CEOs would rather lose money than lose power to accommodate good workers and would outsource to indians who 'know how to C, sir!'.

Is it just me or is 4chan in general becoming less active than it used to be
Also stocks

>>55254173
I mean isn't 4cahn 20 years old? It's only natural for traffic to slow down, I mean nothing can last forever anon :D

Honestly stock market is boring in it's current state. I want to see some of these giant megacorps get in some 21st century warfare. Kick the chair on the government and just start knocking each other off. As a retailer shrimp in markets id love to participate in some corporate warfare. I want to see meta and alphabet form an alliance and blackmail Raytheon or Lockheed into disrupting apples supply chain. Intel and amd form a temp alliance and sabotage Nvidia facilities. Walmart and Costco get in a free for all with Amazon and start kidnapping personnel at Amazon.

>>55254163
True, American CEO are H1B addicts (yet even the H1Bs make 5 figures), good thing that's not my problem.

>>55254173
Yes, I guess you can verify by checking how long it took for a number of posts to be posted across different periods.

>>55254173
All the retards got burnt, leaving only the degenerates and boomers and even the degenerates that have money won’t have that money forever so a lot of them are gone too.

>>55254191
5 figures in california gets you a place in the ghetto with the meth zombies.

Bored so read another hentai doujin. Girl visits her friend to get him to finish school and graduate. As motivation she tells him that if he shows up she'll suck his cock at school in a restroom. Later after she blows him she tells him that if he keeps going and graduates she'll fuck him. (Chapter 2). So he keeps going and he graduates. She keeps her word and they fuck. Later they decide to start dating. It ends with her telling him that if he graduates college she'll move in with him.

>>55254173
1) during summertime posting slows down because normalfags go on vacation
2) kids (thankfully) go to discord now instead of 4chan so eternal summer isn't so bad
3) on the weekends the people screaming "AAAAA SOXL" fuck off for a little while.

>>55253732
no that's when divvies start stacking and a 1% day is +1k.

Monday will be brutal

>>55254325
for oilers

>>55254244
oops I meant 6 figures, well, lower 6 figures

>>55254328
What happened with oily boys?

keep the shitposting to a minimum this thread has to last us til euro open monday

>>55254333
You can afford an apartment but it's not a good one. But since you are indian you split the cost with ten other men and you circlejerk to AI generated porn of taylor swift, the ultimate blonde white woman of your youth.

>>55254335
the government and hedge funds keep dumping on us, russia won't stop pumping, and muh recession fears won't go away in the face of tech making all time highs. Nobody takes the Saudi's threats at face value.

>>55254325
no, its crabbing until CPI

>>55254249
if you're bored then why not read something actually worthwhile and enriching rather than that satanic fuckin soul and mind rot?

https://en.wikipedia.org/wiki/Dutch_East_India_Company

>>55253577
Yt link : street shitters

Plumbers here earn the same as a cashier only "smart" immigrants do this. The dumber one are in constructions.

>>55245830
I sold the $130 put I had on friday, I dont think its going to go much lower if at all

https://www.youtube.com/watch?v=3HMRLEceXMM

That domino's pizza I got the other night, I didn't tip at all for it. I picked it up myself. Which uh its retarded to pay for delivery cause at most it's maybe 5 min? from the house to the store. https://www.youtube.com/watch?v=9Zkc5s1yOeA

>>55254355
Big dump for the next 1-2 weeks, back to 60 bucks. Bottom around late june/early july.

>>55254365
>crab until CPI
Market dumps after CPI as "numbers are worse than expected".
>dump before CPI
Market pumps after CPI as "numbers are better than expected".

Baking.

>>55254529
be careful of the weekend janny, he hates bakers more than even racists and coomer posters

>>55254173
/biz/ is in a brutal bear market
/vg/ is trending up, most other boards are crabbing

>>55254545
relatively based janny

>>55252570
>>55254396
rip my nigga

>>55254642
/biz/ posts/day count looks like this chart

>>55254642
>>55254761
It's just anons failing to transition from crypto to stocks. For whatever reason 85+% stock market talk in this board is concentrated in /smg/ only.

>>55254846
i have 2 of those same capos, 1 guitar, 1 banjo.

>>55254062
Wait, there's actual jobs in C?
I'm a software tester (pleb, I know), I never heard of C jobs browsing job offerings
It's be great to code in C I imagine, I know some Java and it's okay but there's so much boilerplate in how the language is set up

i want to bake with a Ted K op pic but janny-chan will probably heem me

My nogs, are you actually trying to get rich with investing?
I want to do 5x, 5x, 5x in nine years and go from 10K to a million

>>55254948
>there's actual jobs in C?
Yep but it's all embedded microcontroller stuff.

>>55254975
Oh, that makes sense
So you just tinkered around with embedded software as a hobby and learned C for a good amount of time, and then you got a job?
Did you learn any math as well, or was that not really necessary?

>>55254325
i have giga puts on amd so we can expect the market to experience the bull run of a generation starting this week

>>55254950
Here's a secret: you can take any picture you want, copy and paste it on top of a stock chart, and it's fine to post

>>55254189
Sounds like you want cyberpunk but real.

So if the SEC or whatever kills crypto, would we have the board all to ourselves?

>>55254948
>I know some Java and it's okay but there's so much boilerplate
If you hate boilerplate C is not for you.

>>55255043
Yeah could be
Maybe the board will turn into a leveraged stock trading board
Most ppl here are too adhd to just buy stocks

>>55254991
No, I had my own sort of business making audio software, then when I ran out of money due to sales not keeping up last year I decided to get a real job, and it was all about microcontrollers. I needed lots of math for the audio stuff but for embedded there's actually a shocking lack of math, my colleagues barely understand how floating point math works. Tbh they even lack any arcane knowledge about embedded stuff, the bar is just not very high. Embedded programming is definitely more about very basic logic.

>>55255064
I don't hate it, anon, and I don't dislike Java (although my experience is limited)
But I also messed around with Scheme/Lisp and that was very beautiful, much more beautiful than whatever you get with Java when you solve practical problems

>>55255100
Lisp is God's language, of course it's beautiful.
Common Lisp in particular is extremely practical as well. Would recommend for anything where you can get away with garbage collection.

>>55254948
>>55254975
I've used C and Assembly every day for the past 5 years.
t. Reverse Engineer / Vulnerability Researcher

>Rates are high
>Yields are high
>Equities are high

What exactly happens next?

>>55255166
>What exactly happens next?
Depends on whether I buy calls or puts on Monday.

>>55249148
>Roughly $500 dollars a month payment
18K over 3 years in student loan relief, and people still want 10-20K more wiped off

>>55255137
Common Lisp looks comfy, yeah

>>55253881
>output maximum productivity with minimal output
bureaucracy, everyone

>>55255271
>>55255271
>>55255271

>>55255232
is this /smg/?
wtf did I miss?

>>55254846
>For whatever reason 85+% stock market talk in this board is concentrated in /smg/ only.
Because it's the only reliable general. Everything else is shitcoin shilling and

>>55255232
I remember liking it in school but I never went further.

Ill start,
I see the market as currently overbought, with the RSI (5 period) at 75.81 and the SPY just above last august highs. Mathematically speaking, a pullback or at least bearish consolidation should occur.
>FED MEETING
Im bullish on this, so I expect shecklestein to dump the market Monday and Tuesday before JPow absolutely sends the market up.

>My Play?
Im currently looking at fib retracements from our previous run up, plan on selling puts at the 61.8% retracement on the SPY (roughly 418) if we touch the 50 percent retrace (roughly 421). Although, I would honestly sell at any level if Monday and Tuesday are bearish because Jews love to carpet pull on FED weeks.