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Forum » Are stocks the new sports? {srs}
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Thread: Are stocks the new sports? {srs}

post 1630673323 02-05-2021, 09:55 PM
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Are stocks the new sports? {srs}

Sure as hell feels like it

- its all people at work talk about all day
- instead of teams, its tickers like TSLA and AMZN
- winners and losers
- can make predictions and bet money on it
- daily news so theres always something to talk about



Brb cspan is the new espn
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post 1630673503 02-05-2021, 09:58 PM
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Wait for a market correction then they'll shut up quick.
post 1630673663 02-05-2021, 10:00 PM
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Originally Posted By SimpIeJack⏩
Wait for a market correction then they'll shut up quick.
Lol agree, but it seems so many people IRL have lost real, non trivial sums of money on meme stocks and they don't seem put off
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post 1630673813 02-05-2021, 10:04 PM
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Originally Posted By SaviorSelfJT⏩
Lol agree, but it seems so many people IRL have lost real, non trivial sums of money on meme stocks and they don't seem put off
Short term? Maybe. Long term? I'm not so convinced. Stock market has been going up for years fueling conspiracy like it's a reaction to stimulus money (corruption) or people using it as a gauge against money printing / inflation.
post 1630673983 02-05-2021, 10:07 PM
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Only an idiot would lose money in a huge bull market
Kindness is all that matters in life
post 1630674243 02-05-2021, 10:10 PM
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no, because a large % of people won't have a clue what they're doing, lose money, get frustrated and quit.
Awesome pics. Great size. Look thick. Solid. Tight. Keep us all posted on your continued progress with any new progress pics or vid clips. Show us what you got man. Wanna see how freakin' huge, solid, thick and tight you can get. Thanks for the motivation.
post 1630674313 02-05-2021, 10:11 PM
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This is what the dot com bubble was like. I remember news stories about secretaries and janitors making $100k+ on tech stocks back then. Thousands of people quit their jobs to day trade from home srs. That's what first got me into stocks and finance as a kid. It looked so easy lol.

My old man had an entire bookshelf full of day trading knaw-ledge lol. When the bottom fell out, most of those people lost their shirts.
post 1630674463 02-05-2021, 10:15 PM
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Originally Posted By ErnieMccracken⏩
This is what the dot com bubble was like. I remember news stories about secretaries and janitors making $100k+ on tech stocks back then. Thousands of people quit their jobs to day trade from home srs. That's what first got me into stocks and finance as a kid. It looked so easy lol.

My old man had an entire bookshelf full of day trading knaw-ledge lol. When the bottom fell out, most of those people lost their shirts.
I checked on Wiki. Dotcom was only 2 years long, serious.

If 2008 was the bottom - we've been in a hardcore rally for 13 years. And it'll probably stick that way unless Biden retards to the max. Like I said there's a conspiracy that stock market prices only go up because it's seen as an anti-inflation device more than an investment one.
post 1630674533 02-05-2021, 10:17 PM
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Originally Posted By DoYouEvenNEM⏩
Like I said there's a conspiracy that stock market prices only go up because it's seen as an anti-inflation device more than an investment one.
Mind elaborating? Sounds interesting, srs
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post 1630674603 02-05-2021, 10:17 PM
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Lmfao @ being into stocks when crypto’s are doing 1k%

Let the normies have stocks I could legit give af about stocks anymore
post 1630674823 02-05-2021, 10:21 PM
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Originally Posted By DoYouEvenNEM⏩
I checked on Wiki. Dotcom was only 2 years long, serious.

If 2008 was the bottom - we've been in a hardcore rally for 13 years. And it'll probably stick that way unless Biden retards to the max. Like I said there's a conspiracy that stock market prices only go up because it's seen as an anti-inflation device more than an investment one.
The rally will end when the money printer stops. I give it 2 years or less. (End of covid and "normal employment" will turn off the monetary tap, midterm elections will turn off the fiscal tap.)

A lot of people say equities are fairly valued since interest rates are so low. What they forget is that when rates rise again, bondsand equitieswill fall since the discount rate will increase. (along with pretty much every other asset from gold to real estate. They're all correlated with the 10-year treasury rate.)

That said, it will be interesting to see what happens over the next year. I think there will be some surprising things happening when they start unwinding all the extraordinary measures taken since March.
post 1630674973 02-05-2021, 10:23 PM
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Originally Posted By DoYouEvenNEM⏩
I checked on Wiki. Dotcom was only 2 years long, serious.

If 2008 was the bottom - we've been in a hardcore rally for 13 years. And it'll probably stick that way unless Biden retards to the max. Like I said there's a conspiracy that stock market prices only go up because it's seen as an anti-inflation device more than an investment one.
There's only so much air you can pump into that bubble, but it's already way more inflated than any economist predicted lol. Many would argue that the longer we let this thing rally, the worse the crash is going to be. Like great depression bad. But obviously it would be political suicide to stop the money printer and tick up interest rates now even though that's 100% the conservative play.

Printing all this money out of thin air to give to mega corps, running up the debt, record high levels of corporate/consumer/mortgage/college debt, etc. You open up the treasury and there's nothing but IOU's in there. Straight video game numbers. A storm's a brewin', son. We're all desperately hoping it somehow works itself out, but it could very well hit us like an atomic bomb and crush everything at once. China can essentially hit that button and rekk our chit at any moment, too srs.
post 1630675373 02-05-2021, 10:30 PM
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Originally Posted By ErnieMccracken⏩
There's only so much air you can pump into that bubble, but it's already way more inflated than any economist predicted lol. Many would argue that the longer we let this thing rally, the worse the crash is going to be. Like great depression bad. But obviously it would be political suicide to stop the money printer and tick up interest rates now even though that's 100% the conservative play.

Printing all this money out of thin air to give to mega corps, running up the debt, record high levels of corporate/consumer/mortgage/college debt, etc. You open up the treasury and there's nothing but IOU's in there. Straight video game numbers. A storm's a brewin', son. We're all desperately hoping it somehow works itself out, but it could very well hit us like an atomic bomb and crush everything at once. China can essentially hit that button and rekk our chit at any moment, too srs.
One thing that nobody ever mentions is the way mortgages work. The ability to repay them early has led to some really nice gains for homeowners over the last 20 years. But when rates start to rise it's going to lead to some serious market distortions.

High rates will decrease the value of homes. For current homeowners they will be locked into a low payment, but they will have negative equity. A lot of them will be unable to sell since they won't be able to pay off the outstanding debt. People will end up trapped in their neighborhoods.
post 1630675643 02-05-2021, 10:36 PM
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Originally Posted By SimpIeJack⏩
One thing that nobody ever mentions is the way mortgages work. The ability to repay them early has led to some really nice gains for homeowners over the last 20 years. But when rates start to rise it's going to lead to some serious market distortions.

High rates will decrease the value of homes. For current homeowners they will be locked into a low payment, but they will have negative equity. A lot of them will be unable to sell since they won't be able to pay off the outstanding debt. People will end up trapped in their neighborhoods.
Yeah it'll be a repeat of what we saw in 2008-2009. Tons of people walked away from their underwater homes. The ones who stayed got it all back and a bunch more, though. A correction is desperately needed for overall health.
post 1630676053 02-05-2021, 10:45 PM
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Originally Posted By ErnieMccracken⏩
China can essentially hit that button and rekk our chit at any moment, too srs.
They already did that to the whole world. It's called covid.
America is the number one clown show

India > China

Stay home, save lives.....UNTIL THE END OF TIME

Come for the sloot threads, stay for the riveting social commentary
post 1630676113 02-05-2021, 10:47 PM
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Originally Posted By ErnieMccracken⏩
Yeah it'll be a repeat of what we saw in 2008-2009. Tons of people walked away from their underwater homes. The ones who stayed got it all back and a bunch more, though. A correction is desperately needed for overall health.
4 million empty homes is the estimate ain't it? A lot of them might be on mortgages too. This isn't counting the millions or tens of millions of homes that people might be neck above water on.
post 1630676323 02-05-2021, 10:51 PM
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Originally Posted By DoYouEvenNEM⏩
4 million empty homes is the estimate ain't it? A lot of them might be on mortgages too. This isn't counting the millions or tens of millions of homes that people might be neck above water on.
Don't forget about the eviction moratoriums expiring soon
post 1630676483 02-05-2021, 10:54 PM
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Originally Posted By DoYouEvenNEM⏩
4 million empty homes is the estimate ain't it? A lot of them might be on mortgages too. This isn't counting the millions or tens of millions of homes that people might be neck above water on.
I think that estimate is high, but I've heard 4M, too. On the bright side, it might actually open up markets for the 80% of millennials who have been completely locked out up to now.
post 1630676573 02-05-2021, 10:55 PM
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Originally Posted By SaviorSelfJT⏩
Lol agree, but it seems so many people IRL have lost real, non trivial sums of money on meme stocks and they don't seem put off
Same thing happened with crypto few years ago. Once pullback comes around (maybe March), I'd expect everyone to shut up about it again.
500/295/530

.,
post 1630676653 02-05-2021, 10:57 PM
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Lost $3k on AMC stock lol should’ve just bought that new tv I wanted
Always pick 5,12 crew
post 1630676953 02-05-2021, 11:02 PM
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Originally Posted By SaviorSelfJT⏩
Mind elaborating? Sounds interesting, srs
There is a theory that George Gammon did a video on about the markets actually crashing up due to inflation similarly like what happened in the Venezuela market (Hyperinflation)
https://www.georgegammon.com/when-wi...-market-crash/
Live & Direct from rural Iowa- GBR
post 1630676973 02-05-2021, 11:03 PM
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Originally Posted By JonEh10⏩
Lost $3k on AMC stock lol should’ve just bought that new tv I wanted
Buy high, sell low.
post 1630677043 02-05-2021, 11:04 PM
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Uh oh, apparently this is what it was like before the 1929 crash.
post 1630677863 02-05-2021, 11:20 PM
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I feel like this was happening well before covid. Robinhood exploded in popularity in 2019. tbh
post 1630678163 02-05-2021, 11:30 PM
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Originally Posted By TugOfPeace⏩
You guys talking about the printing of money are aware that there are various money supplies (M0,M1,M2, etc)? The money being printed isnt really that large of a percentage of the total money supply.

Anyways, whats it like trading in a bear market vs bull market?
Printing $9T (and counting) within 12 months is a fukkin huge amount to create out of thin air. How is it insignificant?

And trading in a bear market is 350x more difficult. The only people who seem to print are those hyper invested in a small profitable niche. Even AAPL just sat at $8-$12 for years back then.
post 1630678293 02-05-2021, 11:32 PM
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Been a sport for a long time
Dallas Cowboys

Lifted for 30 years

Ass > tits
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