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Historical night- Market is crashing tonight
03-09-2020, 08:07 AM
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#91
03-09-2020, 08:10 AM
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#92
- soaponarope1
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Originally Posted By HomerJThompson⏩
Shhhhh, you're killing their vibe with facts. Pls liquidate everything guys, I've got cash and am considering buying a home in the short run so all the help is appreciated.In 2008 stock market had similar moves like 6% down days. But i agree with you regarding bonds and oil.
03-09-2020, 08:11 AM
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#93
Here’s the real question to me
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
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03-09-2020, 08:14 AM
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#94
Originally Posted By 5x10⏩
It will be a fuking messHere’s the real question to me
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
RIP Pedro Suarez Vertiz. Te queremos Hermano
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03-09-2020, 08:32 AM
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#95
- LooksMaximus
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Srs question, OP (and any other trader brahs). If you know the market will drastically drop the next day, can't you just short several stocks and benefit? Or is it difficult to open short positions in such a "panic" situation?
03-09-2020, 08:41 AM
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#96
- climberbrah
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Originally Posted By LooksMaximus⏩
Its risky because the market always favors going up and you can lose infinite cash when shorting.Srs question, OP (and any other trader brahs). If you know the market will drastically drop the next day, can't you just short several stocks and benefit? Or is it difficult to open short positions in such a "panic" situation?
03-09-2020, 08:42 AM
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#97
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watchout your comments boyo ↓
03-09-2020, 08:48 AM
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#98
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Originally Posted By aleeboy⏩
We might be starting a recession right now (its about time based on time periods of previous recessions), but you positing we've been in one since 2016 is absolute horse****.LOL if you think this is not a recession.
*Updated* If you can't hit a 320 yard drive, are you even a man?
03-09-2020, 08:58 AM
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#99
- Vexidi
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Originally Posted By 5x10⏩
If quarantines were to shut down enough of the country like in China and Italy, absolute bloodbath.Here’s the real question to me
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
03-09-2020, 08:59 AM
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#100
- Witrebel
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Any of you boyos familiar with Vanguard 401k offerings? I went to money markets before the crash, looking to maximize the gains when I buy back in. Officially will be allowed to as of tomorrow (30 day delay window), but I expect more downside so I just want to be prepared.
The other option would be take it as a loan and invest in the next down payment for another multifamily, but I don't like being at risk like there where if employment changes I suddenly have tax exposure.
The other option would be take it as a loan and invest in the next down payment for another multifamily, but I don't like being at risk like there where if employment changes I suddenly have tax exposure.
We are all gunna make it
03-09-2020, 09:03 AM
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#101
- jackamo2887
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This won't be worse than 2008.
The marked tanked in 2008 because of policies going back decades, into the Clinton administration. The subprime mortgage crisis was a fundamentally flawed system that was just building up and up and preparing for a major disaster. It was like having a cog stuck in a wheel. The wheel could no longer turn unless you ripped that cog out and ****ed everything up for a good while, which eventually happened.
With this situation, there is a clear reason why the market is going down. Nobody wants to leave their house because if the virus. If they don't leave, no money gets spent and nobody works.
The second this virus is resolved, the market is going to rocket back up. This could be next month, or Christmas. But now is an amazing buying opportunity.
The marked tanked in 2008 because of policies going back decades, into the Clinton administration. The subprime mortgage crisis was a fundamentally flawed system that was just building up and up and preparing for a major disaster. It was like having a cog stuck in a wheel. The wheel could no longer turn unless you ripped that cog out and ****ed everything up for a good while, which eventually happened.
With this situation, there is a clear reason why the market is going down. Nobody wants to leave their house because if the virus. If they don't leave, no money gets spent and nobody works.
The second this virus is resolved, the market is going to rocket back up. This could be next month, or Christmas. But now is an amazing buying opportunity.
Survival. When the jungle tears itself down and builds itself into something new. Guys like you and me, we end up dead. Doesn’t really mean anything. Or, if we happen to live through it, well that doesn’t mean anything either.
03-09-2020, 09:08 AM
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#102
- darkeminence
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Originally Posted By jackamo2887⏩
Wait, wait... So you're telling me that since 2008 they haven't propped up the markets with QE 1, 2, 3 and 4 (soon) and slashed rates to sub-zero in order to band-aid what would have crashed and burned instead if they didn't do all that back in 2008?This won't be worse than 2008.
The marked tanked in 2008 because of policies going back decades, into the Clinton administration. The subprime mortgage crisis was a fundamentally flawed system that was just building up and up and preparing for a major disaster. It was like having a cog stuck in a wheel. The wheel could no longer turn unless you ripped that cog out and ****ed everything up for a good while, which eventually happened.
With this situation, there is a clear reason why the market is going down. Nobody wants to leave their house because if the virus. If they don't leave, no money gets spent and nobody works.
The second this virus is resolved, the market is going to rocket back up. This could be next month, or Christmas. But now is an amazing buying opportunity.
The marked tanked in 2008 because of policies going back decades, into the Clinton administration. The subprime mortgage crisis was a fundamentally flawed system that was just building up and up and preparing for a major disaster. It was like having a cog stuck in a wheel. The wheel could no longer turn unless you ripped that cog out and ****ed everything up for a good while, which eventually happened.
With this situation, there is a clear reason why the market is going down. Nobody wants to leave their house because if the virus. If they don't leave, no money gets spent and nobody works.
The second this virus is resolved, the market is going to rocket back up. This could be next month, or Christmas. But now is an amazing buying opportunity.
03-09-2020, 09:18 AM
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#103
- jamalfudge
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Originally Posted By 5x10⏩
I think we'll see in the next week or 2 the impacts of factories being shut down in China. Cheap plastic will be tough to come by.Here’s the real question to me
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
If this virus spreads like it did in China, Iran, and Italy, what is the usa going to do?
Are we also going the quarantine route?
If we do, what implications to the economy/market?
#
03-09-2020, 09:23 AM
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#104
- phaginator
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Originally Posted By darkeminence⏩
Sure but this crash isn't because of the FED's policy.Wait, wait... So you're telling me that since 2008 they haven't propped up the markets with QE 1, 2, 3 and 4 (soon) and slashed rates to sub-zero in order to band-aid what would have crashed and burned instead if they didn't do all that back in 2008?
- We were already due to a correction since stock markets reached new records
- Corona media caused panic
- Saudi Arabia saying **** you to Russia this weekend
This is not a structural crisis. (in the long term it is, but that's not for now...)
03-09-2020, 09:26 AM
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#105
03-09-2020, 09:28 AM
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#106
- darkeminence
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Originally Posted By ****inator⏩
It is absolutely a structural crisis. This has been a crisis in the works for the last 11 years and now it's being triggered by the coronavirus. Doesn't matter what the trigger is, but it's been triggered.Sure but this crash isn't because of the FED's policy.
- We were already due to a correction since stock markets reached new records
- Corona media caused panic
- Saudi Arabia saying **** you to Russia this weekend
This is not a structural crisis. (in the long term it is, but that's not for now...)
- We were already due to a correction since stock markets reached new records
- Corona media caused panic
- Saudi Arabia saying **** you to Russia this weekend
This is not a structural crisis. (in the long term it is, but that's not for now...)
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
03-09-2020, 09:31 AM
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#107
- DeputyDong5
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Originally Posted By truesteez⏩
You ever watch Billions? Can confirm?you short into strength/delusion, dont be a sheep. You can scalp but those habits will come back to bite you. srs. Why short so far down? you'll have to face discomfort to make any money.
When it comes to trading, everything you know about human emotion and temptations, do the opposite. When I worked as an equities trader, we had heavy heavy psychological training. We were trained to be robotic and literally rewire to go against the emotional sheep mentality.
When it comes to trading, everything you know about human emotion and temptations, do the opposite. When I worked as an equities trader, we had heavy heavy psychological training. We were trained to be robotic and literally rewire to go against the emotional sheep mentality.
I am in engineering but I find that show fascinating.
03-09-2020, 09:33 AM
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#108
03-09-2020, 10:01 AM
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#109
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Originally Posted By darkeminence⏩
Wut do?It is absolutely a structural crisis. This has been a crisis in the works for the last 11 years and now it's being triggered by the coronavirus. Doesn't matter what the trigger is, but it's been triggered.
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
03-09-2020, 10:04 AM
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#110
- phaginator
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Originally Posted By darkeminence⏩
Yes there are structural problems but that is not the cause of this crisis, Corona is not the trigger it is the crisis + oil war between russia and saudi arabia.It is absolutely a structural crisis. This has been a crisis in the works for the last 11 years and now it's being triggered by the coronavirus. Doesn't matter what the trigger is, but it's been triggered.
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
But let's follow your theory, this will be worse than 08 then? Where will this end?
03-09-2020, 10:29 AM
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#111
- knightofday
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Originally Posted By elterrible987⏩
Sure feels like it IMO. All these countries seemingly overreacting 10X over what the threat really is, feels like a massive overreaction.This is market manipulation.
You look at the actual corona virus info and its not 1/10th of what the news makes it out to be. Its a more potent flu, thats it.
Other than oil prices from the Saudis having beef with non OPEC countries, the rest of this is manufactured crisis and its the big wigs that are moving the market, it isnt your uncle moving his 20k 401k into a money market fund.
You look at the actual corona virus info and its not 1/10th of what the news makes it out to be. Its a more potent flu, thats it.
Other than oil prices from the Saudis having beef with non OPEC countries, the rest of this is manufactured crisis and its the big wigs that are moving the market, it isnt your uncle moving his 20k 401k into a money market fund.
I get the virus is dangerous, but shutting a whole country;s schools down for an entire month?! That and some other measures taken just feel soo incredibly overly cautious to me, feels contrived af.
The media is hyping THE FUKK outta this virus which makes me 100000% more skeptical of the real threat, we're all very aware the media and the LEft would fuking LOVE for the market to crash and stay down until December. havent watched any media, but I would guess theyre screeching this is the end of the world and Trump isnt doing anything and he sucks blah blah blah. Soo manufactured its sickening
When this all blows over, it will disappear from the airwaves overnight and the media will act like they never hyped it as the end of the world. Just watch.
03-09-2020, 10:32 AM
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#112
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All I know is im ready to BUY BUY BUY! Been waiting for a correction for an opportunity to buy in, also hoping housing dips a bit (like soo many of you other guys!) so I can finally buy a house in this expensive ass city
03-09-2020, 10:33 AM
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#113
Originally Posted By darkeminence⏩
Very true. At least in 2007-2008, the fed could lower interest rates from 5.25%. Today they're at 1.5% and have ballooned their balance sheet to $4 trillion.It is absolutely a structural crisis. This has been a crisis in the works for the last 11 years and now it's being triggered by the coronavirus. Doesn't matter what the trigger is, but it's been triggered.
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
Central banks have dug a hole for themselves and they're not gonna be able to dig themselves back out.
Helicopter money is probably coming, as it is the only thing they have left. Agree with a previous poster that inflation and negative rates are locked in.
This system is rotten to the very core.
03-09-2020, 10:40 AM
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#114
- iwant2beswole
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- iwant2beswole
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How much money are you *******s boasting about buy buy buy even sitting on? Just lol if it’s like 20k or something like that
watchout your comments boyo ↓
03-09-2020, 11:00 AM
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#115
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Originally Posted By iwant2beswole⏩
100k waiting lol. if you guys even listen to warren buffett for like 5 mins you would be so happy right now. i guarantee i double my money in 2-3 years from nowHow much money are you *******s boasting about buy buy buy even sitting on? Just lol if it’s like 20k or something like that
GAINS, GAINS, More GAINS
03-09-2020, 11:11 AM
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#116
- paul_v
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Sweet...my new 401k starts next week and it seems to be the perfect time. Haven't been in one since last July (disability and employment issues)
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03-09-2020, 11:13 AM
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#117
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Originally Posted By iwant2beswole⏩
130k here waiting to buyHow much money are you *******s boasting about buy buy buy even sitting on? Just lol if it’s like 20k or something like that
(these are my opinions i am not a licensed broker by trade)
03-09-2020, 11:14 AM
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#118
- iwant2beswole
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Originally Posted By ontclone⏩
I went all in home equity but might skip buying a car to put money in now.100k waiting lol. if you guys even listen to warren buffett for like 5 mins you would be so happy right now. i guarantee i double my money in 2-3 years from now
watchout your comments boyo ↓
03-09-2020, 11:19 AM
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#119
- Witrebel
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Originally Posted By knightofday⏩
Not to make this into a corona thread, but just offering some FA insight. Been following this since very early January. In the begging there was virtually zero media hype. There were articles mentioning a new virus in China, but no hysteria and no real attention and concern for the drastic actions China was taking. Remember that before the world was calling for action, China was shutting down entire cities, spraying disinfectant in the air all around Wuhan with massive aerosol machines, and building makeshift hospitals. That all happened voluntarily by the CCP with no media hype and no pressure from the outside world. China literally shot their economy in both feet and then some.Sure feels like it IMO. All these countries seemingly overreacting 10X over what the threat really is, feels like a massive overreaction.
I get the virus is dangerous, but shutting a whole country;s schools down for an entire month?! That and some other measures taken just feel soo incredibly overly cautious to me, feels contrived af.
The media is hyping THE FUKK outta this virus which makes me 100000% more skeptical of the real threat, we're all very aware the media and the LEft would fuking LOVE for the market to crash and stay down until December. havent watched any media, but I would guess theyre screeching this is the end of the world and Trump isnt doing anything and he sucks blah blah blah. Soo manufactured its sickening
When this all blows over, it will disappear from the airwaves overnight and the media will act like they never hyped it as the end of the world. Just watch.
I get the virus is dangerous, but shutting a whole country;s schools down for an entire month?! That and some other measures taken just feel soo incredibly overly cautious to me, feels contrived af.
The media is hyping THE FUKK outta this virus which makes me 100000% more skeptical of the real threat, we're all very aware the media and the LEft would fuking LOVE for the market to crash and stay down until December. havent watched any media, but I would guess theyre screeching this is the end of the world and Trump isnt doing anything and he sucks blah blah blah. Soo manufactured its sickening
When this all blows over, it will disappear from the airwaves overnight and the media will act like they never hyped it as the end of the world. Just watch.
Why did they do that? Was it contrived? Or was it a proportionate reaction to the threat? Just something to consider.
We are all gunna make it
03-09-2020, 11:45 AM
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#120
- triception
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Originally Posted By Witrebel⏩
It was surreal watching all of that happen in China while having little to no press coverage in the US.Not to make this into a corona thread, but just offering some FA insight. Been following this since very early January. In the begging there was virtually zero media hype. There were articles mentioning a new virus in China, but no hysteria and no real attention and concern for the drastic actions China was taking. Remember that before the world was calling for action, China was shutting down entire cities, spraying disinfectant in the air all around Wuhan with massive aerosol machines, and building makeshift hospitals. That all happened voluntarily by the CCP with no media hype and no pressure from the outside world. China literally shot their economy in both feet and then some.
Why did they do that? Was it contrived? Or was it a proportionate reaction to the threat? Just something to consider.
Why did they do that? Was it contrived? Or was it a proportionate reaction to the threat? Just something to consider.
Actually made me think it was even worse than it looked because usually I'd expect the media response that knightofday is talking about. I guess we're finally at that point but it remains to be seen if it's warranted or not.
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