/biz/ - Business & Finance

[Anonymous No.18955609]

>Worst unemployment numbers since the Great Depression
>Dow is up

There's no connection between the big line and reality is there?

[Anonymous No.18955627]

>>18955609
>number go up
>line go up
yes

[Anonymous No.18955673]

>>18955609
>he thinks the Dow is based on workers
Soon we won't need workers at all, this virus just gave amazon a free pass for more automation.

[Anonymous No.18955689]

>>18955609
Never forget we're living in a simulation so none of this matters. Also, the stock market is part of this clown world, so it does whatever it wants.

[Anonymous No.18955720]

>>18955609
>the stock market has to do what I think it should i'm a special snowflake

[Anonymous No.18955977]

>>18955609
But the health of the economy is fine. The great depression, everyone and their mothers were leveraged out of their asses from loans, margin and credit (which was literally a new creation during that time). When bad business started to fail, everything just fell together.

The unemployment is that high because there is an incentive to be unemployed to get money and businesses can't pay workers when they are forced to shutdown.

[Anonymous No.18956002]

>>18955673
if there are no wages how will people buy hitachi magic wands and funko pops from amazon, big guy?

[Anonymous No.18956020]

>>18956002
>implying companies have thought that far ahead

[Anonymous No.18956025]

>>18956002
you are impressively stupid anon

[Anonymous No.18956036]

>>18955609
Sorry sweetie but the line has to go up no matter what

[Anonymous No.18956038]

>>18955720
He's not fully wrong either because as the market is going up and up the expected returns are lower now because investors are paying premium on those stocks. I personally sold all my leveraged etf which I bought practically at the bottom to buy regular stocks. I am doing much better right now than 3 months ago and am willing to take lower returns.

[Anonymous No.18956083]

>>18955609
>ITS PRICED IN! ITS PRICED IN!

[Anonymous No.18956088]

>>18955977
On what planet are tourism numbers fine? Airline companies? Hotels? Airbnb? Uber? Oil companies? What happens when the knock on effects of these industries being fucked hits us in a few months? What happens when people can't afford their mortgages?

[Anonymous No.18956617]

>>18955977
>The great depression, everyone and their mothers were leveraged out of their asses from loans, margin and credit

How is this any different from what's happening now?

[Anonymous No.18956690]

>>18955673
You understand automation doesnt just happen overnight right? They were replacing people with robots as quickly as they could before this happened.

[Anonymous No.18956693]

>>18955609

[Anonymous No.18956705]

>>18955609
THE ECONOMY IS NOT THE STOCK MARKET.

Stocks reflect the expected future earnings of companies, they're forward facing whereas employment numbers look into the past. The market expected the unemployment numbers to be much worse, and millions to be dead. That's why it reacts positively.

It's the same as when earnings come out and a company reports a loss for the quarter but the stock goes up... investors expected worse.

[Anonymous No.18956730]

>>18955609
>Number was at 30k when our monetary system had a 4T balance sheet and 55T in monetized debt w/ 5% unemployment.

>Number is now at 24K with 6.8T balance sheet and 55T monetized debt w/ 17-25% unemployment.

Number is going down you're just using the wrong measuring stick.

[Anonymous No.18956761]

>>18955609
The printer paper has to go somewhere

[Anonymous No.18956773]

>>18956693
$50 bucks says Venezuela's economy improved because more people are playing runescape (and buying gold) due to the quarantine.

[Anonymous No.18956793]

>>18955609
>during depression we had an initial dump, followed by an arching "rebound" that lasted several months before finding new lows
>we currently had an initial dump, and now appear to be forming an arching rebound that could last several months
>"theres no connection between the big line and reality is there?"

[Anonymous No.18956847]

>Holy shit this virus is nuts it's really effecting the economy!
>Everyone has access to this information
>People are thinking about where to put their money hmmm let's think
>Bond yields are laughingly low due to low interest rates
>Money market accounts just make you lose money
>Real estate (commercial and residential) is extremely uncertain(obviously)

Where else to invest but stocks?

[Anonymous No.18956988]

>>18956002
UBI

[Anonymous No.18957053]

>>18956847
Physical gold

[Anonymous No.18957071]

>>18955673
Kids in Bangladesh are still cheaper and will continue to be compared to robots.

[Anonymous No.18957196]

>>18957053
That's useless though

[Anonymous No.18957236]

>>18957053
you mean Bitcoin

[Anonymous No.18957277]

>>18956988
Under what timeline will ubi occur in the United States?

[Anonymous No.18957406]

>>18957196
Poorfag

[Anonymous No.18957494]

>>18957406
Poorfags are the ones hoarding gold though lol, especially physical gold.

[Anonymous No.18957535]

>>18955609
Wow it's almost like the stock market is based on the future which means they're expecting a strong Q3 or something

[Anonymous No.18957576]

>JPMorgan executive says it will take ’10 to 12 Years’ for US employment levels to return to where they were before coronavirus
>strong Q3

[Anonymous No.18957591]

>>18957494
>>18957494
>MFW I'm up over 70k in the last 18 months on physical gold and gold mining shares

[Anonymous No.18957682]

NOOO YOU CAN'T GIVE EVERYBODY THOUSANDS OF DOLLARS! THERE HAS TO BE GOLD RESERVES FOR IT! NOOO STOP BUYING THOSE STOCKS! YOU'RE NOT SUPPOSED TO! I HAVE TO UNDERSTAND BEFORE YOU CAN DO SOMETHING. THEY HAVE TO RUN IT BY SOME FAG ON THE INTERNET. STOP MAKING MONEY! CRINGE!

[Anonymous No.18957690]

>>18955720
If the stock prices have no rhyme or reason to them, why would anyone want to invest in stocks? How much will your stocks be worth if nobody wants to invest in them anymore? It's one thing that retail investors can't predict every daily swing, but if not even the big moves make sense to people the value proposition of the stock market as a whole goes away.

[Anonymous No.18957814]

>>18956847
bitcoin

[Anonymous No.18957835]

OH NO NO NO ________BROS
WE GOT TOO ________

[Anonymous No.18958079]

>>18957814
Shitcoin?

[bogatti-fucker-666999 No.18958096]

>>18955977
>incentive

the incentive is to fucking survive til the end of the year shithead

[Anonymous No.18958115]

>>18957690
But they do have "rhyme and reason" to them, just because you don't understand something doesn't mean everyone else is stupid.

>How much will your stocks be worth if nobody wants to invest in them anymore?
People will want to own shares of large and profitable companies.

[Anonymous No.18958515]

>>18956036
based rootless cosmopolitan

[Anonymous No.18959183]

>>18955609
Late stage Capitalism for you.
>>18955673
Automation doesn't create value. It's the opposite. But you cannot comprehend this if you are into the mainstream economical paradigm.

[Anonymous No.18959215]

>>18957277
sooner than you think thanks to covid

[Anonymous No.18959256]

>>18959183
>Automation doesn't create value
Kill yourself

[Anonymous No.18959474]

>>18956617
Because the underlying economy was fine until the virus hit. Investors obviously believe that this virus is short term thing based on all the reports and the general consensus from most people.

[Anonymous No.18959703]

>>18955977
Wrong. Corporate, state and also private debt levels are way higher than in that time (also inflation asjusted). Apart from a spongy hope that there will be a quick recovery to normal in consumer behavior and a pumping fed, you have the same situation. It doesn't really matter if the damage to the economy was done on purpose due to lockdowns or just happened due to a general economic downturn. Once the damage is done, the cause is not relevant for the conditions of a recovery. The market will learn this in q3 and q4 and going into 2021.

[Anonymous No.18959787]

>>18959474
What assumptions make you think that the cause for a certain amount of economic damage (eg certain unemployment rates or bankruptcies) is relevant for the speed of the recovery once the damage is done?

[Anonymous No.18959899]

>>18956693
>2016

[Anonymous No.18960046]

>>18956773
kek

[Anonymous No.18960262]

>>18955720
The Nasdaq is green on the year dumbass

[Anonymous No.18960297]

>>18956847
Gold silver and crypto if you aren’t a fucking retard

[Anonymous No.18960300]

>>18960297
>shiny metal
>cryptoshit get rich quick scams
LOL

[Anonymous No.18960315]

>>18955673

> Soon we won't need workers at all, this virus just gave amazon a free pass for more automation.

[Anonymous No.18960318]

>>18955609
>stock market is a graph of rich peoples feelings
>+30M filling for unemployment
what did you think was gonna happen?

[Anonymous No.18960348]

>>18960318
>There is nowhere else to invest your money and get a decent return
>People expected much worse from corona

Why does /biz/ think they're so much smarter than every sophisticated institutional investor with access to better information than them?

[Anonymous No.18960353]

the fed and the market makers can fake it for longer than you'd think, but what is going on right now is apocalyptic, not even taking into account the inevitable supply disruption we'll see with diplomacy in china falling apart. Pic related is the economy right before looking down and realizing there is no there there.

[Anonymous No.18960611]

>>18960353
this

[Anonymous No.18960798]

Anyone with a brain knew those numbers 2 months ago. Thats why the stocks were tanking 2 months ago. Why would they tank now, after we get information we all already knew?
Essentially OP is asking
>I have the memory span of a guppy fish. Why arent other people like me?

[Anonymous No.18960875]

>>18960798
They probably think that stocks are rigged when a stock reports a quarter loss and the share price increases.

Stocks are just a reflection of future expectations...the economy and stockmarket are separated.

[Anonymous No.18961098]

>>18960875
yep
You're gonna see number go down if:
New monetary policy comes up
Coronavirus acts much different than expected
More tension between russia/china/middle east