/sci/ - Science & Math

i feel like i might commit suicide if the dow crashes.

i dont have any money but if the dow crashes ill probably never get any money.

i dont know what to do. i feel like i need someone to talk to but there's no one i can tell.

Nobody's interested now? We had such lively threads the past two days...

I'd contribute, but I'm just holding on to my current portfolio.

I love this crash. there are some companies with P/E as low as 3-5 here. and those are actually growing and paying dividents.

>>3546066

Do you have money in the market right now?

I just entered the market this week, I'm trying to snatch up good bargains due to panic selling. Made around 100 off BAC yesterday, and I was trying to do the same with C today. Maybe tomorrow it'll pan out.

>>3546066

You want to email me? Not about the economy, but because I dont want you to kill yourself.

Hey OP Im here.

Ill talk about anything.

I was talking to a fellow econ major at my university. He was like "Eh, well have a slow few years and recover" while Im thinking this is the end of the world.

>>3546088

Mind sharing a couple of those? I'm new to this, and so far I'm only looking at companies whose names I can conjure up in my head. None of which have such a good P/E ratio

>>3546026

lol at ANX - 58% decline.

The stock market doesn't mean anything. Why should anyone care?

To me it all depends on what the Fed does. Since they just announced that they are keeping rates at 0 for the next couple years, I'd say we will have mild stagflation for the next few years. If they raised interest rates closer to the natural market rate, then we would have a massive market crash, really high unemployment, and deflation, followed by a swift recovery.

You can't talk about economics here. This is for /sci/ence.

>>3546139

Because we don't live in our mothers basements and actually have money there silly.

>>3546139
it may indicate the problems with economy.

CHK is a good company to but right now. Natural gas is ready to boom.

I didn't start a daily thread today because Monday seemed like a waste of time. I actually took today off from trading and glad I did. I was feeling bullish and probably would have made bad calls all day and wasted money. Also, my broker was pulling in all margin calls within a day which could have fucked me.

I went surfing today instead.

>feelsgoodman.jpg

There will be plenty of volatility the next couple weeks. This is good for intraday trading. I suggest people getting into this to be safe but there is money to be made. Pick a strategy and stick to it; go read at investopedia.com. Remember, if you have less than $25k in your account, you can only have 3 day trades in 5 consecutive business days. I had my account frozen one time because of this.

I'll think about starting one tomorrow morning, but who knows.

>>3546152
It's nice that you have dreams of getting out of your mothers basement.

>>3546154

Not with oil prices down. I believe NG is considered an alternative energy that needs government subsidies to really take off. And no governments have money to hand out.

>I bought C at 29.

Why? I've been thinking about finally opening a margin account and shorting the financials. I've always been a cash only guy but banks are spiraling into the toilet right now.

>>3546152

Although for the record I do agree the way the media covers it is ridiculous. The websites of major newspapers yesterday had some columnists that wrote columns like "wow, a nice gain after those last few days of bust" and then updated later in the day after the fed announced saying "now it's DOWN again? This thing is SO WACKY! I FEEL LIKE NOW IS A GOOD TIME FOR VOLATILE EMOTIONS SINCE THE MARKET HAS BEEN SOOOOOO VOLATILE FOR LESS THAN A WEEK!"

>>3546155

Hey bro. OP here. What do you think about C right now? I bought in thinking it'd pick up but it's less than what I bought it at right now. I expect it'll go up over the long term but I'm just dabbling and it's no fun to just have stocks sitting there

>>3546148

Then this place is the perfect spot. Science is about testing an prediction and applying logic and rationality to a system. Predicting and analyzing the market is science.

>lrn2aristotle.mkv

>>3546192

Oh god just wait for the shitstorm. You don't know what you've begun.

>>3546127
these are local lithuanian and estonian/Belarus companies. lithuanian one doesnt even have it's reports in english. and market moves are crazy here, so it is bad idea to invest here. link related

http://www.nasdaqomxbaltic.com/market/?instrument=LT0000127508&list=2&pg=details&tab=his
torical&lang=lt&currency=0&downloadcsv=0&date=&start_d=11&start_m=8&star
t_y=2006&end_d=11&end_m=8&end_y=2011

when the 2008 crisis started pretty much all companies had maximum 15% daily decline.

>>3546184

5 years from now you'll make money off of it. If you want to make money now in this volatile market, it isn't going to be holding C @ $29.

My strategy of late is playing the other side of shorters on bounces on stocks that are $1-$5. It's risky but can pay off.

>>3546170
NG prices have been really low for a long time, but that doesn't matter much. So many new sources of it have been found that can be extracted fairly cheaply. increased production with make up for low prices. Plus CHK has be genius with their hedging strats.

So is economics a good thing to study? Interesting, lots of job opportunities and such? I've always been somewhat interested in the field, but I went into a hard science instead.

>>3546210

Yeah, so you think I should take the first opportunity I have to sell and not lose money?

>>3546192
Economics still takes the Austrian School seriously. The people who don't believe in empiricism are a major politically relevant part of your "science".

>>3546211

We'll see. NG is cheap (high supply and low demand) but you have to have systems that use NG. You can build power plants near landfills that harvest methane and can power significant areas. But you need a government subsidy for an idea like that to take off, really.

>>3546214

I'm a mechanical engineer that is self-taught on economics. I'm still learning, but it's crazy interesting to me. I work a well paying engineering job to basically fund my account. I'm working my way to become a full-time day trader.

>>3546224
Really, I can't tell you what to do. If it were me, I'd probably set a limit on a loss, keep an eye on it for a couple of days, first bullish day, I'd get rid of it. You can write off up to $3000 in losses on your taxes if you itemize.

>>3546231

This post reminded me of a post I made a few days ago. Where I shared the following formula

GDP * CPI = VoM * MS

I think that formula is correct, but I think its associated with the austrian school. I was going to check it out on google. So I searched that formula to see what would come up, and the third listing was my own post on 4chan about it (404'd however).

</anecdote>

>>3546232
Actually any thermal power plant that uses coal can use NG as well. They all just heat up water and use the steam to turn a turbine. The fuel can be anything that burns. They could pile trash in there and it would work. It just would suck to clean up.

>>3546231
Actually, only people on the internet take Austrian economics seriously. Most economics have the same issues with it you do.

>>3546248


mmmm... kind of. The combustion side is different because coal furnaces would have to be replaced to combust natural gas. I mean, technically, yes you can convert any fossil fuel plant based on the fuel type, but it would still cost money. Money that businesses are not willing to put forth right now.

mmmm, ride that Fed funds rate through 2013 with my delicious mREIT dividends.

I'd have bought some US stocks but then I remember the exchange rate of CAN and US could potentially negate all my gain, so I took it easy and hold on to what I got. I'm picking some energy for long.