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/biz/ - Business & Finance


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18328856 No.18328856 [Reply] [Original]

>DOW FUTURES UP 300 POINTS

>> No.18328878

>>18328856
bad news

>> No.18328888

This terrifies me. The incoming crash is going to be horrific.

>> No.18328895

>>18328888
this and checked

>> No.18328902

dead cat bounce

>> No.18328906

>>18328888
COPE

>> No.18328915

>>18328856
Congrats on this, seriously

>> No.18328916

>>18328888
Did you miss the horrific crash where it dropped 30%? We're at the bottom. Cases are curving down. People are more optimistic about it. The only things that could ruin this run up is two things:

Boris dies
Trump gets Corona

>> No.18328926

>>18328856
it's forming a bear flag

>> No.18328928

>>18328888
checked and prepped for wrecked

>> No.18328949

always do the opposite of what the /biz/ consensus is

>> No.18328961

>>18328906
>>18328916
rekt by kek
>>18328888

>> No.18328963

>>18328888
Checked

>> No.18328967

>>18328916
How about 30% mortgage defaults? 30% drop in GDP? How about the 15% of corporations that are zombie corps unable to get funding and stop from going bankrupt? How about worst corporate earnings ever? How about cascading unemployment? How about food shortages?

Everything I just listed is happening.

>> No.18328993

>>18328916
You’re delusional if you think that the health crisis is the issue here. The cascading series of crises that are going to spiral out of this are the problem.

Namely multiple countries defaulting on debt, mass joblessness, further fracturing of political relationships etc.

If the virus were to completely disappear today, we would still be heading for a serious economic collapse.

>> No.18328997

>>18328967
>dow futures still up 4%
welcome to clown world enjoy your stay

>> No.18329017

>>18328997
It's a highly volatile time, swings of 5-10% in both directions is normal. Long term you might get wrecked once the full impact becomes known. Trade the trade.

>> No.18329020

I for one am scared. holding through this is the most stressful thing ever, as I'm not cut out to swing FUCK

>> No.18329037
File: 136 KB, 1024x576, 1554521149606.jpg [View same] [iqdb] [saucenao] [google]
18329037

>>18328997
>"The world doesn't work as I want it to, we're in the clown world." -Your average 4chan neet before the crisis
>"This crash is not enough, THE CRASH is still impending. If not, we're in the clown world." -Your average 4chan neet during the crisis
>"Wtf why is it going up?? We truly live in a clown world." -Your average 4chan neet after the crisis.

Clown is in the mirror, anon.

>> No.18329042

>>18328888
include me on screencap

>> No.18329045

>>18328967
Take your meds, schizo

>> No.18329055

>>18329020
Take it from me, selling close to the bottom and seeing your investment shoot up by 60% is more stressful

>> No.18329059

>>18329037
Don't look at me, I'm betting BVLL in the short term

>> No.18329084

>>18329020
Holding stonks is easier than holding cash atm.
Whatever happens, you're all in with stocks. With cash you need to considering to buy or not to buy every day, or you'll miss the train.

>> No.18329118

>>18328967
I say this unironically, but that's all priced it. Dow dropped 30% from it's high. You genuinely think that it dropped that much because some people were going to die from Corona? You think last week and this week, those people who are investing back into the market are thinking "oh boy I bet those corporate earnings are going to be great! I bet the GDP will see a rise soon! I bet unemployment is going to drop to record lows!" No you idiot. Everyone is aware of that. THAT"S why the Dow dropped as much as it did. And now that things are going back to normalcy soon enough as the fear over the virus is abating, you'll see the slow rise of the market.

>> No.18329125

>>18329118
"bull"shit

market was overinflated anyway

>> No.18329142

>>18329084
what if stonks crash?

>> No.18329153

>>18329142
But they already did.

>> No.18329155

>>18329118
>And now that things are going back to normalcy
What a dumb cunt.

>> No.18329157

>>18329125
>market was overinflated anyway

And corona gave them an excuse to sell. Now they've sold. And here we are. Everyone already is aware of the repressions of Corona, which is why the market is as low as it is. Why would it go lower? "Oh nooo how could I totally not see a 30% reduction in GDP?"

>> No.18329166

>>18329155
>soon enough

Sorry that you're reading comprehension is lacking.

>> No.18329173

>>18329153
so now they are protected by some stonks magic?

>> No.18329174

What I wonder, is if crypto will continue following the market or finally become detached.

>> No.18329177

>>18329157
market will drop more

Most "people" are vastly overestimating how fast this recovery will be. Doubt if recurrent lockdowns all over the globe are priced in

>> No.18329188

>>18329174
Detachment is a meme
Crypto is useless outside speculation

>> No.18329189
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18329189

>>18329084
>mfw holding crypto instead

this whole drama is aging me by the day, I want to make money from it so bad, but am not a degenerate gambler. but all that means is I'm destined to live a medicocre life as a pussy who doesn't dare FUUUUCK

>> No.18329194

>>18328856
They are printing out of their ass guys, it's going to go up. They're willing to destroy the dollar if necessary.

>> No.18329209
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18329209

everytime the market swings, /biz/ decides its solid proof of the next trend. market goes up. RECESSION IS OVER V-SHAPED RECOVERY PERMA BVLLS. market goes down. THIS IS IT WHAT GOLD AND GAS MASKS HAVE YOU BOUGHT? maybe the market is just fucking volatile. itll keep going up and down for awhile, because no one knows what the fuck is going on. there's a convergence of geopolitics, plague, and economic factors, and the three are too big to comprehend. too many shifting components

>> No.18329221

>>18329118
>>18329157
>>18329166
He bought ?

>> No.18329227
File: 74 KB, 976x501, 2020-04-03.jpg [View same] [iqdb] [saucenao] [google]
18329227

>>18329045
>How about 30% mortgage defaults?
https://news.bloomberglaw.com/banking-law/home-lenders-brace-for-up-to-15-million-u-s-mortgage-defaults

>30% drop in GDP?
https://www.cbo.gov/publication/56314
>Gross domestic product is expected to decline by more than 7 percent during the second quarter. If that happened, the decline in the annualized growth rate reported by the Bureau of Economic Analysis would be about four times larger and would exceed 28 percent. Those declines could be much larger, however.

>How about the 15% of corporations that are zombie corps unable to get funding and stop from going bankrupt?
https://www.zerohedge.com/markets/mortons-parent-scrambles-reopen-frozen-loan-market-record-yielding-15-secured-paper
>Worse, for the past month the loan market which despite being secured is even more illiquid than junk, has been frozen without a single issuers coming to market.
>Landry's, which is the parent company of Golden Nugget casinos and hundreds of restaurants including Chart House, Saltgrass Steak House, Bubba Gump Shrimp Co., Claim Jumper, Morton's The Steakhouse, McCormick & Schmick's, Mastro's Restaurants, is hoping to crack the leveraged loan ice by offering investors a record interest rate of 14% over Libor for a $250 million loan, Bloomberg reported citing "people familiar with the matter."

>How about worst corporate earnings ever?
https://www.zerohedge.com/markets/goldman-after-crash-2020-corporate-earnings-wont-recover-until-2023

>How about cascading unemployment?
pic related

>How about food shortages?
https://www.wmur.com/article/food-banks-struggle-as-demand-explodes-thanks-to-coronavirus-layoffs/31989340

Suck my cock you little bitch

>> No.18329234

>>18329177
>Most "people" are vastly overestimating how fast this recovery will be. Doubt if recurrent lockdowns all over the globe are priced in

No need for that. They're not looking to destroy the economy even more to prevent a few more coofs. Projections from a month ago which promoted a lot of the fear and the lockdown policies were wildly inaccurate. HCQ seems like a very promising treatment. Masks will probably be wildly used as we come out of lockdown.

I honestly don't know what kind of land people live in who think corona will get worse at this point.

>> No.18329238

>>18329118
>return to normal

>> No.18329240

>>18329209
But I do know where the market will go. I have a certified IQ of 111 after all. I'm practically a financial genius.

>> No.18329242

>>18328856
fake pump
the market is irrational atm

>> No.18329256

>>18329234
If you reopen the economy without recurrent lockdowns you will have the same situation as today?? People will get reinfected or infected you know..

>> No.18329267

>>18329242
>The market is irrational when I can't predict it
>but it's rational when I can

>> No.18329269

>>18329234
The economy was one giant debt bubble. Everyone is leveraged up the ass with debt. It's gotta unwind before things get better.

>> No.18329282

>>18329269
nah bro you just loan more bro

>> No.18329286

>>18329242
they're pumping it so they can dump it on fomoing retards.
besides, the european markets have banned shortselling for now, when it will be allowed, some funds are going to go ham

>> No.18329293

>>18329227
>https://www.zerohedge.com/markets/goldman-after-crash-2020-corporate-earnings-wont-recover-until-2023

Did you read it though? It's not that earnings wont recover until 2023, it's that earnings will not recover TO THE LEVEL THEY WERE AT until 2023. By 2021 they're already well into recovering with 50% rises. Again, the bottom is in.

>> No.18329303

>>18329118
you got a point, the 30% certainly stem from the expected economic impact and not from people dying.
However, I think there's still the question whether there was a bubble before the crash and the 30% correction might just be the bubble bursting. In a "normal" financial crisis this would be it and the markets would go up as soon market confidence is back. However, in contrast to the last financial crisis, this time the real economy is directly affected which would justify further correction in my opinion.

TLDR: In case there was a bubble before corona -> further correction; in case there was no bubble -> it's going up

>> No.18329305

>>18329256
>If you reopen the economy without recurrent lockdowns you will have the same situation as today?? People will get reinfected or infected you know..

The situation is far far less dire than predicted in the US, which is why we shut down in the first place. The justification for the shutdown in the firstplace, in that sense, never existed.

And like I said, now we have HCQ, a seemingly effective treatment, and we will probably start wearing masks outside. That's it.

>> No.18329324

>>18329269
>The economy was one giant debt bubble. Everyone is leveraged up the ass with debt. It's gotta unwind before things get better.

You're right. It was a giant bubble. And it wiped out all of it's gains for the last 3 years. Why do people think that a 30% drop wasn't an indicator of anything?

>> No.18329337

>>18329118
>Everyone is aware of that
>things are going back to normalcy
kek, I wish

>> No.18329339

>>18329303
>you got a point, the 30% certainly stem from the expected economic impact and not from people dying.
However, I think there's still the question whether there was a bubble before the crash and the 30% correction might just be the bubble bursting.

it's both. There was a bubble being popped and an expected economic impact. Id say a 30% drop from highs would account for both of those.

>> No.18329341

Millions of people won't be able to pay their rent in a few months. Homelessness is going to be a historical high, there will be schools of roving homeless wandering the public spaces. But the stocks will be up, up, up! Pretty appropriate picture of modern America.

>> No.18329352

>>18329337
They're aware. It's why the unemployment numbers, when released, even though they were worse than predicted, didn't affect the market. The economic turmoil has largely been priced in by now.

>> No.18329353

Printer goes brrrrr

>> No.18329359

>>18329324
First of all, before all this, corporate earnings didn’t improve since 2015. Yet stocks doubled. Stocks were due for a massive correction before all this economic shutdown happened. Second, this debt bubble is larger than anything we’ve ever seen. The impact of it unwinding will be enormous, especially when you consider that the entire rally since 2010 has been because of the Fed pumping the bubble. We have a long way to go, 30% was nothing.

>> No.18329370

>>18329359
I should correct myself, corporate profits didn’t improve.

>> No.18329400

>>18329359
Hey man, straight up, I know you're trying to look at the fundamentals, but the market isn't based on that anymore, it's based on projection of how hopeful people are about the immediate and short term future. We're living in an economy based on fake money that they can print on a whim. Do you genuinely think a debt bubble matters in a scenario like that?

You're predicting things based off a logical look at what the market SHOULD be, and how the economy SHOULD work, rather than the reality of how it does work.

>> No.18329409

>>18329339
In the 2007/08 financial crisis we also had a correction of 30% and there we "only" had a bubble bursting....

>> No.18329423
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18329423

>>18328888

You doubtfags have been rekt the last 2 weeks.
Go back to your boomer rocks faggots

>> No.18329431

>>18329409
Public perception and outlook is better than in 2008, for now anyway.

>> No.18329507

>>18329409

It was an entire other crisis but this time the fed and ecb have implemented systems to preven financial crisis to happen in the beginning with flooding markets with utterly cheap money

>> No.18329558

>>18328888
baste

>> No.18329588

>>18329400
>but the market isn't based on that anymore,
its always been based on belief. the boom-bust cycle is nothing new

>> No.18329605

>>18329507
>>18329431

True that, but do you think that the cheap money will suffice? Money has been extremely cheap for the last 10 years, we might very well be in a liquidity trap already. Further reducing the long-term might not have an impact anymore.

>> No.18329644

Return to normal

>> No.18329658

>>18328888
Seething goldfag cope. The market has evaluated corona and deemed it a nothingburger, happooners are of course not happy about this.

>> No.18329672
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18329672

>>18328888

>> No.18329692

>>18329400
Just please don’t come at me saying the terrible fundamentals are “priced in” clearly they’re not. I can understand bubble mania and the effects of central bank liquidity injections. If you would have gone with those excuses then I would have agreed.

>> No.18329703

>>18328856
It's 600 points now. The second wave crash is going to have biblical proportions lmao.

>> No.18329731

>>18329692
lol fundamentals havent been priced in the market since 2008 happened.

>> No.18329737

>>18329703

Oh really
And what you gonna do with all the cash generating negative yield due to inflation??
Most banks will keep on buying in these times

>> No.18329783
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18329783

>>18329731
>lol fundamentals havent been priced in the market since 2008 happened

>>18329118
>I say this unironically, but that's all priced it.

Then why say that they are?

>> No.18329805

>>18329783
Sorry when I say priced in I mean that they don't actually matter in regards to how much they affect the overall market in anything except the extreme short term, and haven't mattered since 2008.

>> No.18329822

>>18328888
Past performance should not be a guide for future performance

>> No.18329860

>>18328967
Money printer go BRRRR
The only way to pay off the debt will be negative interest rates.

>> No.18329879
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18329879

>>18329658
Coronachan is on the move towards the gateway city and all the other big flyover metropolises that have been more or less ignoring safe practices.
From the important port/refinery cities in Louisiana and the Gulf coast all the way up to Detroit, Chicago, St. Louis and Minneapolis. Shit's about to get Real
t. Missourafag.

>> No.18329886
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18329886

>up 700 points

>> No.18329887

>>18329118
dog are u insane? the only reason things havent bottomed out is because of money printer and they cant do that forever. for all the reasons ur replied post said plus that they will not be able to "return to normalcy". they never even unwound 2008 rates

>> No.18329917

>>18328916
>People are more optimistic about it
Don't understimate the power of positive thinking

>> No.18329948

>>18329879
nobody cares about flyover rural retards

>> No.18329965

>>18329948
These cities are the hubs through which most domestic goods move, particularly but not limited to agriculture.

>> No.18329975

>>18329879
Priced in unironically, those regions are literally economically irrelevant

>> No.18329994

>>18329887
>the only reason things havent bottomed out is because of money printer and they cant do that forever.

You have more things to worry about than the stock market if we get to the point where printing money stops doing anything.

When I say a return to normalcy, I mean a return to what we think as normalcy.

>> No.18329998

For example, I work at one of the big General Mills plants, which produces about 10 brand names that everyone buys.
They have JUST this week started suggesting maybe, just maybe you ought to wear face masks while preparing all this packaged food. I see about 1 person in 20 actually doing it.
No one is being checked for fever, and you can forget about actual tests for the Coof.
All you non-flyovers gotta eat, and we are the ones feeding you. Good Luck!

>> No.18330034
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18330034

>>18329975
>Coasties thinking their real-estate bubbles, financial paper-shuffling and tourism means jack shit.
California is an important agri-hub, but its other industries are kill. The East Coast is kill except for Merchants trying to extract value from arcane paper movements. The Gulf Coast's oil refining is a mess.
Midwest thus far has remained fuctional, and is the reason your groceries stories aren't dusty shelves.

>> No.18330052

>>18328888
I honestly wonder if every bull is just trolling or if everybody is actually retarded. Corona was a jump starter, the real damage is yet to come. Wait for the earning reports. All you bulls are in for a bumby ride to bear territory.

>> No.18330112
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18330112

>>18330052
This. Earnings are shit, Consumer confidence is practically non-existent, the entire service industry is on life-support, tourism is kill, foodservice is kill unless you have a drive-thru, energy is pumping oil with basically no where to store and no customers, landlords are going unpaid, agriculture and food packaging is about the only thriving industry left aside from healthcare, which is a warzone or preparing to become one.

Even IF Dolan manages to cut a deal with the Russians and Cameljocks, they'll only agree to a 50% cut in American production to match their own. Which STILL creates unemployment out the ass, and unemployment is already at a disastrous point.

>> No.18330132

>>18330112
P R I C E D I N
R
I
C
E
D
I
N

>> No.18330158
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18330158

>>18330132
This would be true if the Dow was about 5k.
Everyone is gambling on Dolan's Magical Cure being effective, and Golden Son-in-Law being able to suddenly gain mad skills at organization to take advantage of it.
And even then, India has said "Fuck Off" and cut off half our pharma infrastructure.

>> No.18330571

>>18329240
Kek

>> No.18330609

What's the point of buying stock in clown world

>> No.18330615

>>18330609
To gamble and get some clown IOUs

>> No.18330619
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18330619

>>18328856
I bought this shit yesteray, how mch money am i gonna lose when this market opens?

>> No.18330621

ahhhhhhhh, I haven´t bought in yet. They can´t moon without me, thats not fair

>> No.18330978

>>18328888
ebin

>> No.18330997

>>18330619
F

>> No.18331172

>>18328916
Your time frame is too narrow, this pump is based on less cases and the curve turning downwards which means social distancing is working. Social distancing is good to prevent covid but bad for business. What do you think is going to happen when we lift mitigation measures and covid comes back?

Spoiler alert: you're going to lose money

>> No.18331200

>>18329293
Did you actually just ignore everything else he posted, just to point out the fucking zerohedge article’s wording?

>> No.18332131

>>18329293
>the bottom is in.
>actual first case of major public company bankruptcy just 2 days ago
ahahahahaha, delusional retard

>> No.18332502
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18332502

>>18328888
How are your puts going LMAO

>> No.18332574
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18332574

800 POINTS

>> No.18332606

Lmao get every fucking degen to put their gubment Bux in to the stonks
Then a fucking stop hunt on the retail trader, DOWs going back to 19.6.
Also get ready to short the absolute fuck out of the FTSE.

>> No.18332647

>>18328993
I'm new here, but even two months ago people seemed to agree that the dive wasn't set off by the pandemic.

>> No.18332675

>>18329227
how's it feel doing all that big boy research and slurping up zerohedge bear porn only for markets to continue ramping higher?

of course, everyone is stupid except you, right?

>> No.18332764
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18332764

>>18328949
>/biz/
>consensus

>> No.18332971

>>18328916
This. The worst is over. Better luck next time doomers. Another decade at least of prosperity where you're not getting laid before you get another chance to fantasize for a month about civilization collapsing and how cool you'd finally be in the post-apocalypse, before again having the Fed cancel your delusion.

>> No.18333256

>>18328888

>> No.18333323

>>18332971
he’s right you know

>> No.18333380
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18333380

>>18328888
CHECKED

>> No.18333383
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18333383

>>18328888
I hope so, I'll use my massive gains to buy the next dip and the next dip after that

>> No.18333588
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18333588

>>18332764
Do you have the Chika dancing webm over the crash?