[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 93 KB, 794x520, Screen Shot 2020-03-16 at 3.36.55 PM.png [View same] [iqdb] [saucenao] [google]
17858048 No.17858048 [Reply] [Original]

>three largest crashes of the dow happened all in the last month
>today will be the largest one
>crashes keep getting worse

"it's just a flu bro"

>> No.17858145
File: 47 KB, 656x438, 13-trump-signed-stock-market-chart-coronavirus.w700.h467.jpg [View same] [iqdb] [saucenao] [google]
17858145

lol

>> No.17858149

>>17858048
you should look at percent drop not points

>> No.17859480
File: 1.05 MB, 2722x1837, 20200316_141904(1).jpg [View same] [iqdb] [saucenao] [google]
17859480

>>17858048
It is just a flu. The nothingburger narrative is already forming. In a few weeks you will see articles like, "Why Did The World Overreact to Coronavirus?" and "Coronavirus comes to a halt in X country as weather warms"

>> No.17859578

>>17858149
it's at 12,9% currently

>> No.17859673

>>17858149
this. if im not mistaken this was the second worst ever daily % loss

>> No.17859769

>>17859578
it closed at 13%. 13% trading halted

>> No.17859779
File: 20 KB, 452x301, 3320209482.png [View same] [iqdb] [saucenao] [google]
17859779

>>17858149
>>17859673
So...
When do we call this a depression?

>> No.17859789

>>17859578
>>17859673
yep second largest drop in the dow history

>> No.17859796

>>17859673
1987 20% drop was a fluke, functionally this was the biggest, beating 1929

>> No.17859850

>>17858048
it is just a flu, human stupidity and herd mentality has always been a problem https://en.wikipedia.org/wiki/Dancing_plague_of_1518

>> No.17860060
File: 160 KB, 1260x778, 232636234235.png [View same] [iqdb] [saucenao] [google]
17860060

>>17859850
>j-just a flu b-bro

>> No.17860063

>>17859850
It's not that it's the flu that's causing panic but the ass retarded attempts at trying to contain the Coronavirus that's causing panic. No one has any faith in the government to handle this mess.

>> No.17860093

>>17859850
Yes and it just so happens that the entire basis of investment in the modern economy is based on herd mentality

>> No.17860110

>>17860063
good, nobody should have faith in government to do anything right

>> No.17860124

>>17859779
when parts of society collapse

>> No.17860133

>>17858048
MY SPY PUTS ARE PRINTING MONEY FASTER THAN THE FED. NO SURVIVORS BOYS. FUCK NIGGERS.

>> No.17860216

>>17860133
based.

>> No.17860326

>>17860133
Fuck I should've done that, I only bought SPXU
Should've got some calls for that too, fuck I shouldn't have put off learning about options

>> No.17860382
File: 233 KB, 620x634, 9E3A1E74-BCE6-4CF1-A53C-0262057A73E1.png [View same] [iqdb] [saucenao] [google]
17860382

Wait until all those nice bluechip companies start defaulting on their loans. It’s not even happening because... (pic related)

I advise buying all the physical gold and silver you can get your hands on, ideally recognized, easily exchanged shit: 1oz gold krugerrands, silver dollars. It’s actually not too late... yet.

>> No.17860383

>>17860326
I know that feel. Should have got comfortable with options BEFORE the collapse.

>> No.17860712
File: 213 KB, 1242x1048, 6DE7C69A-0D10-455A-8997-C4D695B93444.jpg [View same] [iqdb] [saucenao] [google]
17860712

>>17860383
Don’t feel to bad. I’m broke as fuck anyways. It’s just a nice feeling when the line goes the way you want it to.

>> No.17860771

How do I tell silver coins from normal coins.
I got a shitload from my bank and I want to make sure

>> No.17860872

>>17860771
Rub it on paper it should leave a greenish stripe

>> No.17860876

>>17860383
Reminder the only comfy options are rifles and gardens

>> No.17860915

>>17859480
>>17859850
this

>> No.17861086
File: 148 KB, 984x1024, 1555703623561.jpg [View same] [iqdb] [saucenao] [google]
17861086

>ballooning monetary base
>rampant share buybacks over wage growth and reinvestment
>11 years of "uncharted territory" in the wake of QE
>repo crisis started in sep 2019
>oil producers waging price wars
>largest global trade relationship entrenched in 3 year trade war
>stock market exponential, at all time highs, valuations disconnected from reality
>repo crisis accelerates
>this is all entirely the fault of the coronavirus

>> No.17861215

>>17860771
pour bleach on it.
If it turns black then it's silver

>> No.17861383
File: 120 KB, 764x1024, 1582627970463m.jpg [View same] [iqdb] [saucenao] [google]
17861383

>>17859480
I am beginning to think this. It's bad, even very bad, but not the apocalypse. And I've been in /cvg/ since double digits.