Sanrith Descartes
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Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Today was the first day I really felt a sense of "God damn is shit fucked up". The realization is sinking in that Coronachan won't kill is, but our governments (all levels) are going to destroy the greatest economy the world had ever seen.
I had 4 of my limit orders pop at their strike (DIS, QQQ, IVV and ABBV) and a bunch that didn't get low enough. At this point I have put about 70% of my cash to work. Probably going to add a bit more if prices keep plunging and sit on 20% cash.
One positive i saw today was WMT making a new all-time high before pulling back. To my eye, it didn't look to be total liquidation today. Some stocks (high quality, solid balance sheet guys) didn't suffer nearly as bad as the overall market. That shows me at least some blue chips are finding some floor in the near future.
Agree with Blazin though, we have got to get bonds unfucked or none of this in equities matters.
I had 4 of my limit orders pop at their strike (DIS, QQQ, IVV and ABBV) and a bunch that didn't get low enough. At this point I have put about 70% of my cash to work. Probably going to add a bit more if prices keep plunging and sit on 20% cash.
One positive i saw today was WMT making a new all-time high before pulling back. To my eye, it didn't look to be total liquidation today. Some stocks (high quality, solid balance sheet guys) didn't suffer nearly as bad as the overall market. That shows me at least some blue chips are finding some floor in the near future.
Agree with Blazin though, we have got to get bonds unfucked or none of this in equities matters.
Blazin
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You changed your statement significantly when called out. You said never going to reach a new high in our lifetimes. Then you changed it from what ~40yrs to 2 yrs? I'll formalize your original statement I responded to, anytime you want.
Blazin
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Had no idea how many of you would take this one to heart, up 8% since post. Someone threw Tuco money at it.
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Pops
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I can see why you are a felon. You don't have the balls to make real money. Fraud was your only chance. Go beat your wife some more.
Fogel
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U.S. stock futures down, but pare losses after ECB stimulus package
U.S. stock index futures pared losses early Thursday after the European Central Bank announcement it will buy 750 billion euros' worth of securities and...
www.marketwatch.com
Sanrith Descartes
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Yes or No?
The Fed, in desperation, get authority to buy equities and goes batshit at the printing press buying SPY.
The Fed, in desperation, get authority to buy equities and goes batshit at the printing press buying SPY.
Sanrith Descartes
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Blazin
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They will do a lot of commercial paper before that. I'd rather see soc sec admin dump $500B into S&P
Pops
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Pops
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Pops
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Khane
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Yes. And hopefully we're all still employed and can get back to work when this is all over.
LachiusTZ
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Was asking if it was bad, not if it was unpleasant.
I dont know enough to know if our system needed a flushing or not.
But if all our shit is this American Inventor rigged, and precarious, then we needed the shock to allow the system to reinfornce itself. Which wont happen b/c politicians are going to dump billions into whatever pays the most lobbyists.