Stock market

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  • tempo_n_groove
    tempo_n_groove Posts: 41,385
    Markets reflect 6 months  what happens in the economy on average.  What was the blip and how many months ago was it when people started screaming that the next recession was coming?
    It was August 19. so 7-1/2 months ago.

    Sounds about right.
  • Saltzy23
    Saltzy23 Posts: 1,350
    edited March 2020
    Markets reflect 6 months  what happens in the economy on average.  What was the blip and how many months ago was it when people started screaming that the next recession was coming?
    It was August 19. so 7-1/2 months ago.

    Sounds about right.
    We were due for a correction and were like 2' from the ledge.

    The virus pushed us off said ledge.

    The oil market and having a _____ in the Oval Office is like an anvil tied around the feet.

    We fucked.
    Post edited by Kat on
    'I know I was born and I know that I'll die, the in between is mine.'
  • mrussel1
    mrussel1 Posts: 30,882
    edited March 2020
    Saltzy23 said:
    Markets reflect 6 months  what happens in the economy on average.  What was the blip and how many months ago was it when people started screaming that the next recession was coming?
    It was August 19. so 7-1/2 months ago.

    Sounds about right.
    We were due for a correction and were like 2' from the ledge.

    The virus pushed us off said ledge.

    The oil market and having a _____ in the Oval Office is like an anvil tied around the feet.

    We fucked.
    Corrections are okay.  I don't think we're fucked at all.  I think we will have a two quarter recession at least though.  
    Post edited by Kat on
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    edited March 2020
    mrussel1 said:
    Saltzy23 said:
    Markets reflect 6 months  what happens in the economy on average.  What was the blip and how many months ago was it when people started screaming that the next recession was coming?
    It was August 19. so 7-1/2 months ago.

    Sounds about right.
    We were due for a correction and were like 2' from the ledge.

    The virus pushed us off said ledge.

    The oil market and having a _______ in the Oval Office is like an anvil tied around the feet.

    We fucked.
    Corrections are okay.  I don't think we're fucked at all.  I think we will have a two quarter recession at least though.  
    I hate to say it and I hope it doesn't happen and that I'm completely wrong but I'm thinking 4 to 8 quarters minimum. There's a lot of trickle down impacts folks aren't thinking of. Like AirB&B'ers, Uber/Lyft, all aspects of the casual dining/tourism industry and what that means for folks who rely upon it for a living, etc. There's a lot of people that might have mortgages or car payments based upon AirB&B, Uber/Lyft, tips revenue. It always trickles down, just not the way the repubs sell it.
    Post edited by Kat on
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  • CM189191
    CM189191 Posts: 6,927
    edited March 2020
    Saltzy23 said:
    Markets reflect 6 months  what happens in the economy on average.  What was the blip and how many months ago was it when people started screaming that the next recession was coming?
    It was August 19. so 7-1/2 months ago.

    Sounds about right.
    We were due for a correction and were like 2' from the ledge.

    The virus pushed us off said ledge.

    The oil market and having a ______ in the Oval Office is like an anvil tied around the feet.

    We fucked.
    It's not the correction that scares me, that's inevitable and cyclical. 

    It's the lack of safety net.  All that's left is guillotines, I guess. 
    Post edited by Kat on
  • The Juggler
    The Juggler Posts: 49,594
    Trump talks. Futures down. 


    Of fucking course. Nobody with a brain has any confidence in this dope. 
    www.myspace.com
  • bbiggs
    bbiggs Posts: 6,964
    Think about this.  Trump’s tax cuts created a windfall for corporations. Most, if not all, of these corporations used the windfall for stock buybacks.  Carnival (cruise line) did so to the tune of $1B+.  Guess who’s likely going to be asking for a bailout real soon, and may just end up getting one? 
  • mrussel1
    mrussel1 Posts: 30,882
    bbiggs said:
    Think about this.  Trump’s tax cuts created a windfall for corporations. Most, if not all, of these corporations used the windfall for stock buybacks.  Carnival (cruise line) did so to the tune of $1B+.  Guess who’s likely going to be asking for a bailout real soon, and may just end up getting one? 
    I don't know that Trump has the power to do that.  I think any package like that would have to run through the D House.  Dick Durbin was on MSNBC and he was pretty focused on paid sick time being covered by the gov't.  You can see the clear dichotomy between D and R.  Trump is focused on earnings.  Durbin was focused on sick leave. 
  • mrussel1
    mrussel1 Posts: 30,882
    Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    mrussel1 said:
    Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 
    21300 and change. Brilliant brilliance in all its brilliancy. Feds gonna go to 0%? How about that deficit?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • josevolution
    josevolution Posts: 31,614
    mrussel1 said:
    Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 
    Man I hope the American voters really remember this come November..
    jesus greets me looks just like me ....
  • Saltzy23
    Saltzy23 Posts: 1,350
    This is so fucked.
    'I know I was born and I know that I'll die, the in between is mine.'
  • bbiggs
    bbiggs Posts: 6,964
    This is a ride I do not want to be on.
  • tempo_n_groove
    tempo_n_groove Posts: 41,385
    bbiggs said:
    Think about this.  Trump’s tax cuts created a windfall for corporations. Most, if not all, of these corporations used the windfall for stock buybacks.  Carnival (cruise line) did so to the tune of $1B+.  Guess who’s likely going to be asking for a bailout real soon, and may just end up getting one? 
    Isn't Carnival Cruise a foreign company though?  I thought only a small part was in the US?
  • mickeyrat
    mickeyrat Posts: 44,428
    how much of this sell off do you think is human generated trades vs the algorithm trades?

    and can the exchange(s) suspend those trades for x amount of time?
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  • tempo_n_groove
    tempo_n_groove Posts: 41,385
    mrussel1 said:
    Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 
    I am still saying rally tomorrow as today will be a lost cause.

    What is the lowest possible correction at 17k?  I think that is what I figured out before.
  • mrussel1
    mrussel1 Posts: 30,882
    mickeyrat said:
    how much of this sell off do you think is human generated trades vs the algorithm trades?

    and can the exchange(s) suspend those trades for x amount of time?
    I don't know, but there are flash crash controls today.  
  • tempo_n_groove
    tempo_n_groove Posts: 41,385
    I said 15K , man that's bleak, what am I thinking... Jeeze.
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    mrussel1 said:
    Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 
    So it once again seems the repubs inherit a golden opportunity after the dems fix everything, they come back and fuck everything up again. Bush to Clinton to Bush to Obama to Team Trump Treason. Third times a charm I guess but why the fuck do the voters trust repubs with the economy?
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  • Saltzy23
    Saltzy23 Posts: 1,350
    There is no bottom until Planet Earth can figure this virus out and start calming people down.  The pendulum needs to stop swinging the direction it is, and at the minimum, start to stabilize.  Events needs to stop being cancelled.  People need to start to feel safe again.

    Until you start to see toilet paper again at Duane Reade, we're porked.

    'I know I was born and I know that I'll die, the in between is mine.'