Amazatron Posted March 16, 2020 Share Posted March 16, 2020 Tracking for a -10% opening... Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 16, 2020 Share Posted March 16, 2020 Unrelated, but remember in The Dark Knight Rises where the stock exchange was taken over by terrorists and the trades went through anyway like, “what are you gonna do, Bane had Bruce Wayne’s fingerprints.” God that movie is fucking dumb. 2 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 16, 2020 Share Posted March 16, 2020 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 16, 2020 Share Posted March 16, 2020 I just got a pretty good raise at a time when my company is being very stringent. Quite happy about that one all things considered. The jobs report, Q1 GDP, all of this will be stunning to read about over the next few months. My g/f wants to do fewer things outside. It's sad because we like to do a lot outside and eat out, but it's true that it's not about us. Don't really give a shit about the online atmosphere where everything is doomsday; do your part, which is the most you can do. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 16, 2020 Share Posted March 16, 2020 Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted March 16, 2020 Share Posted March 16, 2020 On 3/14/2020 at 10:59 AM, b_m_b_m_b_m said: The arbitrary difference between the federal reserve,a private bank chartered and borded by federal government appointees and the federal government is quite narrow. That it exists as set up by the government, and there is no similar structure for private citizens is the point though. We bend over backwards for the wealthy and powerful by having creating and importantly maintaining a private bank of last resort because we saw what happened in the banking crises in the early 1900's late 1800's, and we didn't think it best to leave the next crisis to another JP Morgan. That we have this set up and maintained while hollowing out institutions, or not having them at all, for regular people is the problem. You are correct that the finance sector wields an asymmetric amount of power over the government, and that this should be addressed; however, IMO the Fed's independence from the treasury is key to keeping the dollar's exchange rate relatively stable (and flexible during crises), not to mention maintaining its status as the global reserve currency. (even though the latter is most certainly temporary) Countries where the government has direct political control over the central bank have been much more prone to stagflationary/hyperinflationary episodes--although I would argue in most cases it's usually more of a contributing factor than a direct cause--and no one's going to conduct international trade in a currency entirely in the hands of a country's treasury, where debt monetization can happen the moment the president/prime minister/whoever wants it. Not that there aren't those who would disagree--there are a few economists I otherwise agree with that advocate for a central bank under direct control of the government. But historically its usually led to problems. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 16, 2020 Share Posted March 16, 2020 I knew I expected a rocky morning but looking at the markets after my morning standup has been a bit crazy. I even tuned in for a bit of the news on yahoo finance and the host were already talking about that the markets are already getting behind joe biden as a forgone conclusion and trump fucked this up royally. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 16, 2020 Share Posted March 16, 2020 While I remain eternally pessimistic about the American voter...I can't see Trump winning if this all continues as projected. The only way he might pull it off is that Republicans will have no issues cramming into limited polling stations while Democrats remain home out of fear of catching COVID-19 (assuming it had a fall bounce-back). Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted March 16, 2020 Share Posted March 16, 2020 Just now, CitizenVectron said: While I remain eternally pessimistic about the American voter...I can't see Trump winning if this all continues as projected. Never underestimate the power our ignorance, nor the speed with which we leave behind the lessons we've learn! 1 Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 16, 2020 Share Posted March 16, 2020 I am following my strategy of purchasing a little bit each day. I did modest purchases across my accounts today. 1 Quote Link to comment Share on other sites More sharing options...
Jwheel86 Posted March 16, 2020 Share Posted March 16, 2020 Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted March 16, 2020 Share Posted March 16, 2020 28 minutes ago, CitizenVectron said: While I remain eternally pessimistic about the American voter...I can't see Trump winning if this all continues as projected. The only way he might pull it off is that Republicans will have no issues cramming into limited polling stations while Democrats remain home out of fear of catching COVID-19 (assuming it had a fall bounce-back). He'll lose simply because enough of his voters in PA, WI, and MI will die. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 16, 2020 Share Posted March 16, 2020 21 minutes ago, Jwheel86 said: This is the shit that @SFLUFAN has been talking about. The inability of the democratic party to actually move left in a non performative manner is creating a vacuum that the fash wing is more than willing to fill and will not be good for the country. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 16, 2020 Share Posted March 16, 2020 Democrats continue to run the risk of being outflanked from the left, by the right Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 16, 2020 Share Posted March 16, 2020 2 minutes ago, b_m_b_m_b_m said: Democrats continue to run the risk of being outflanked from the left, by the right Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 16, 2020 Share Posted March 16, 2020 7 minutes ago, b_m_b_m_b_m said: Democrats continue to run the risk of being outflanked from the left, by the right This is what @SFLUFAN has been saying / fearing for some time, appropriately so. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 16, 2020 Share Posted March 16, 2020 The Republicans are going to give us universal healthcare, UBI, and and an effective carbon plan before the Democrats. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 16, 2020 Share Posted March 16, 2020 by Teapot Jeffries at resetera https://www.resetera.com/threads/the-dow-is-down-aka-stock-market-watch-2020-update-bear-is-victorious.133055/post-29933556 2 5 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted March 16, 2020 Share Posted March 16, 2020 17 minutes ago, mclumber1 said: The Republicans are going to give us universal healthcare, UBI, and and an effective carbon plan before the Democrats. Yep, along with whites-only immigration, the end of Roe V. Wade, Brown vs. Board, and a dictator in the White House. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 16, 2020 Share Posted March 16, 2020 5 minutes ago, Uaarkson said: Yep, along with whites-only immigration, the end of Roe V. Wade, Brown vs. Board, and a dictator in the White House. As white Jesus intended Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 16, 2020 Share Posted March 16, 2020 (sigh) Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 16, 2020 Share Posted March 16, 2020 59 minutes ago, SFLUFAN said: (sigh) I guess the only silver lining is that American conservatives are too cowardly to try? Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 16, 2020 Share Posted March 16, 2020 Frick. Did anybody notice that oil dropped below $30 today? It's down about $3 from opening. https://ca.finance.yahoo.com/quote/CL=F?p=CL=F -.- I'm going to be paying $120 for animal crossing by friday. 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 16, 2020 Share Posted March 16, 2020 So is Yang going to pop up and say "hey that was my idea!"? Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 16, 2020 Share Posted March 16, 2020 21 minutes ago, chakoo said: Frick. Did anybody notice that oil dropped below $30 today? It's down about $3 from opening. https://ca.finance.yahoo.com/quote/CL=F?p=CL=F -.- I'm going to be paying $120 for animal crossing by friday. I also have noticed that certain assets that are supposed to protect you during downturns are not doing so. Take corporate/muni bonds, silver, and even gold as examples. They have all failed as far as I'm concerned. The sell off behavior is now more panic-like and is extremely broad based. It reminds me of the selling behavior in the financial crisis. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted March 16, 2020 Share Posted March 16, 2020 Just now, Massdriver said: I also have noticed that certain assets that are supposed to protect you during downturns are not doing so. Take corporate/muni bonds, silver, and even gold as examples. They have all failed as far as I'm concerned. Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted March 16, 2020 Share Posted March 16, 2020 5 hours ago, Keyser_Soze said: Investors see it for what it is, panic and uncertainty. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 16, 2020 Share Posted March 16, 2020 Could be July or August according to Trump before things return to normal. So January it is. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 16, 2020 Share Posted March 16, 2020 4 minutes ago, mclumber1 said: Could be July or August according to Trump before things return to normal. So January it is. 2025 1 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 16, 2020 Share Posted March 16, 2020 Dow is down 2,700+ points. -12%. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 16, 2020 Share Posted March 16, 2020 8 minutes ago, mclumber1 said: Could be July or August according to Trump before things return to normal. So January it is. No way. Way later. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 16, 2020 Share Posted March 16, 2020 ugg. So close to dropping below 20k.20,186.42 -2,999.20 (-12.94%) At close: 4:00PM EDT It did peak above -3,000 for a second before the end. 1 Quote Link to comment Share on other sites More sharing options...
Firewithin Posted March 16, 2020 Share Posted March 16, 2020 best TWO TRILLION ever spent Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 16, 2020 Share Posted March 16, 2020 How low do we think it will go? 15k? Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted March 16, 2020 Share Posted March 16, 2020 3 minutes ago, Firewithin said: best TWO TRILLION ever spent Any day now the damn is gonna break above us and we'll be showered with sweet sweet cash. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.