Economy Stock Market Has Worst Week Since 2008

[VivaRevolution]

Survival plan for the apocalypse. Find a distribution center. Create a perch in the warehouse rafters.

Stack bodies until you have a defensible position.

 

[Greoric]

Survival plan for the apocalypse. Find a distribution center. Create a perch in the warehouse rafters.

Stack bodies until you have a defensible position.

Savage.

 

[ElKarlo]

When exactly did you buy Nike? it just took a shit and much of the market is being propped up by sneakerheads ala the crypto scam. ("oh sneakers can go up in value!" idiots)

IRL I don't talk to ma y about investing, because that's usually what I hear. Most regular people have no clue how to invest. Even with ETFs, they don't have any idea

 

[ElKarlo]

Oh wait. Housing markets across the country are already flashing red.

I'm sure that is Trump or Obama's fault though.

QE mam, QE. All that money in circulation had to go somewhere. It went into equities and housing. Inflated the prices of both

 

[ElKarlo]

As you're aware (despite our address of different concentrations of power) this isn't just a housing overreach. This is a cluster of hyper-bubbles; housing, stocks, student loans, car loans,... and the biggest of all soverign debt. If this is the flashpoint that bursts them, while people are talking about Trump's orange skin, we're going for a ride.

This, plus add corporate debt. A lot of companies have some alarmingly high debt to ebita now due to pointless buybacks and poorly timed aquisitions

 

[Gandhi]

The largest recession in recent memory (probably ever) was preceded by 4.7% unemployment rates.

I mean lol, when was the last time a bust followed a boom, derp.

 

[ElKarlo]

Thank you. Only amateurs trade on news. The financial media is pushing a narrative. Like the guy mentioned about the Facebook smear campaign. Another media narrative. Basically nobody knows what is gonna happen, then when the market goes up or down they construct post hoc stories as to why. Nobody knows. The people on CNBC all day might as well be arguing how many angels can fit on a pin. It's nonsense.

True a lot.is unknown, but the market is spooked. A lot of indebted companies look toxic and can't get funding at s reasonable rate. That could start changing the market mood. Add in Europe being stuck growth wise, and outside China there isn't any other growth to speak of. Check out visualcapitalist for data.
I hope this market starts a slow recovery. As I don't want a recession for many reasons.
That said I bought, adding to my MO holding. Wasn't much, but I hope that helped a microscopically amount to calm markets ;0

 

[PEB]

Steve Mnuchin may have shown something he did not really want to show via everyone's favorite media outlet Twitter. Now Wall Street is scared sh#tless about Wall Street bank failures. Funny he named the 6 banks he called but he did not mention Goldman's his old stomping grounds.

 

[ElKarlo]

Don't know if I'd go that far in a literal sense, but they are definitely at fault for destroying the economy and should have been jailed for it. Equally important, something should have changed drastically after.

We can't make laws that work against corporations. Limit ceo pay? Nope that made it go up faster .
Stop banks from being so crazy reckless ? We end up punishing smaller banks who are now sifi . So the bank big get an advantage

 

[ElKarlo]

I mean lol, when was the last time a bust followed a boom, derp.

But this recovery took so long to finally have a boom. It's been very weird. It's like it's been in slow motion. We still haven't fully recovered, St least not the middle and lower classes

 

[brackis1]

QE mam, QE. All that money in circulation had to go somewhere. It went into equities and housing. Inflated the prices of both

I'm fucking hating myself for pussying out on buying an inverse ETN called DRV that measure housing market uncertainty (as housing market, or at least futures contracts in housing) this morning because it was a half-day market and it's mathematically shitty to hold those overnight (lose value due to recalibration when you hold leveraged funds that pay out a multiplier gigher than 1:1 on market fluctuations)...I'd bought it every day and sold every afternoon for weeks making and losing 1-2%...it went up 12.5% and another 6% after hours in the halfday christmas eve market the one day I sit my mouse over the submit button and hold off thinking Xmas sentiment would keep things cheery.

Housing has been actually amazingly steady during this drop but it's going to catch up quick, particularly in the overbuilt mcmansion market.

 

[Greoric]

I mean lol, when was the last time a bust followed a boom, derp.

Like I told you a couple of years ago, the depth of this correction is going to be unmistakable. This very well may not be the start of it, and speculators like @BonesJones could be right on the money to buy the dip, but when it's going south like I described, it will be undeniable.

 

[Greoric]

I'm fucking hating myself for pussying out on buying an inverse ETN called DRV that measure housing market uncertainty (as housing market, or at least futures contracts in housing) this morning because it was a half-day market and it's mathematically shitty to hold those overnight (lose value due to recalibration when you hold leveraged funds that pay out a multiplier gigher than 1:1 on market fluctuations)...I'd bought it every day and sold every afternoon for weeks making and losing 1-2%...it went up 12.5% and another 6% after hours in the halfday christmas eve market the one day I sit my mouse over the submit button and hold off thinking Xmas sentiment would keep things cheery.

Housing has been actually amazingly steady during this drop but it's going to catch up quick, particularly in the overbuilt mcmansion market.

Ain't retrospect a bitch?

 

[Sano]

We can't make laws that work against corporations. Limit ceo pay? Nope that made it go up faster .
Stop banks from being so crazy reckless ? We end up punishing smaller banks who are now sifi . So the bank big get an advantage

This has been done before. A new, New Deal and Glass-Stegall act as well as splitting the major banks up would help secure that it never happened again.

 

[Greoric]

This has been done before. A new, New Deal and Glass-Stegall act as well as splitting the major banks up would help secure that it never happened again.

At the surface breaking the banks up is a solid solution, but that's only understanding the problem proximally. The big banks were only organizing their instruments in response to interest rates, which they don't control by themselves. That's why I wrote earlier, they're greedy motherfuckers, sure. But for them in the lead up to the GFC, it was either play ball, lend out no income no credit no down payment mortgages and absorb the collateral in the inevitability they defaulted or go under themselves. The interest rate forced their hand as a market signal.

 

[JonesBones]

oil is also cheap as hell. back up the truck.

True a lot.is unknown, but the market is spooked. A lot of indebted companies look toxic and can't get funding at s reasonable rate. That could start changing the market mood. Add in Europe being stuck growth wise, and outside China there isn't any other growth to speak of. Check out visualcapitalist for data.
I hope this market starts a slow recovery. As I don't want a recession for many reasons.
That said I bought, adding to my MO holding. Wasn't much, but I hope that helped a microscopically amount to calm markets ;0

They have been doing some buying of companies I am skeptical of. Weed has been a hedge against the market for a while. Atria invested in Cronos, which hasn't proven itself. And this Juul business, this business could be taken down at any time. lol. Vaping is gonna take a hit. Get out.

I got Pfizer and Bausch Health.

 

[Gandhi]

Like I told you a couple of years ago, the depth of this correction is going to be unmistakable. This very well may not be the start of it, and speculators like @BonesJones could be right on the money to buy the dip, but when it's going south like I described, it will be undeniable.

Oh come on, your predictions?

You are basically the Peter Schiff of the War Room.

@JonesBones is gambling, although I wish him luck.

 

[Gandhi]

But this recovery took so long to finally have a boom. It's been very weird. It's like it's been in slow motion. We still haven't fully recovered, St least not the middle and lower classes

Ok I agree it’s different how does that change what I said? The unemployment rate has never been a good leading indicator for future economic growth, in fact it’s the classic defitnition of a lagging one. So bringing that up in the context it was is, well, lol worthy.

Also the equivocation of loose fiscal policy and monetary policy in response to a GFC compared to now is also laughable (not saying you did that). Yay we got unemployment to record lows and will now have zero bullets to fire when we need it.

I think we should get rid of these tax cuts and raise rates. Identify critical infrastructure programs with a 3 - 6 month push button readiness plan. The next crash happens or even 2 to 3 qtr consecutive slow downs, and we press the shovel ready button. Everything goes into the bank until then.

Just a thought

 

[hillelslovak87]

Survival plan for the apocalypse. Find a distribution center. Create a perch in the warehouse rafters.

Stack bodies until they constitute a defensible position.

Fixed.

 

[nostradumbass]

Wait, you're not an economist? Could have fooled me. With your blame of tax cuts instead of interest rates and use of the politicians' phrase "trickle down" that no economists have ever said, I figured for sure you'd won a Nobel prize for economics.

Btw, stock market dives at the end of the year because people write off their losses for the tax year. Pretty good time to buy stocks, actually, cause they always climb up.