Investing General Discussion

  • 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

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,559
120,846
Damn, Cuomo shut down all construction today. Not great time to be invested in real estate construction :D
He said it, but I just read the executive order changes and it isnt actually written in it. This is the plan for these governors. They say it is an "order", but the actual legal documents have the word "suggests" somewhere for the quarantine portions. They are hoping most people just nod and obey.
 

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,559
120,846
30 minutes and less than 1%. Normally I would be like "no way", but in these times, that shit is nothing. We could be green today.

Edit: forgot it was Friday. No one wants to be long over the weekend. Into the depths we will go.
 
Last edited:

Asshat wormie

2023 Asshat Award Winner
<Gold Donor>
16,820
30,968
He said it, but I just read the executive order changes and it isnt actually written in it. This is the plan for these governors. They say it is an "order", but the actual legal documents have the word "suggests" somewhere for the quarantine portions. They are hoping most people just nod and obey.
There is new update today. As of 11 am today:

  • All non-essential construction must shut down except emergency construction, (e.g. a project necessary to protect health and safety of the occupants, or to continue a project if it would be unsafe to allow to remain undone until it is safe to shut the site).
  • Essential construction may continue and includes roads, bridges, transit facilities, utilities, hospitals or health care facilities, affordable housing, and homeless shelters. At every site, if essential or emergency non-essential construction, this includes maintaining social distance, including for purposes of elevators/meals/entry and exit. Sites that cannot maintain distance and safety best practices must close and enforcement will be provided by the state in coordination with the city/local governments. This will include fines of up to $10,000 per violation.
  • For purposes of this section construction work does not include a single worker, who is the sole employee/worker on a job site.
 

Ravishing

Uninspiring Title
<Bronze Donator>
8,456
3,577
Kicking myself I was working and missed RCL at $49 yesterday.

Surprised the markets are hanging on tbh. I'd be afraid for the posters on /wsb
 

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,559
120,846
There is new update today. As of 11 am today:

  • All non-essential construction must shut down except emergency construction, (e.g. a project necessary to protect health and safety of the occupants, or to continue a project if it would be unsafe to allow to remain undone until it is safe to shut the site).
  • Essential construction may continue and includes roads, bridges, transit facilities, utilities, hospitals or health care facilities, affordable housing, and homeless shelters. At every site, if essential or emergency non-essential construction, this includes maintaining social distance, including for purposes of elevators/meals/entry and exit. Sites that cannot maintain distance and safety best practices must close and enforcement will be provided by the state in coordination with the city/local governments. This will include fines of up to $10,000 per violation.
  • For purposes of this section construction work does not include a single worker, who is the sole employee/worker on a job site.
Thanks, I didn't see that on the governors site. I didn't think to look at ESD.
 

Asshat wormie

2023 Asshat Award Winner
<Gold Donor>
16,820
30,968
Thanks, I didn't see that on the governors site. I didn't think to look at ESD.
We shut it all down except places that are mostly done and just need shit like plumber or electricity where a single person can do the work. Very gay, was hoping to have a bit more cash in 2 months :D
 

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,559
120,846
Thank you. Kungflu will potentially open up opportunities to snag up discounted land so money wise it wont be too bad.
Yeah. Not to be a ghoul, but come the fall/winter there will some prime opportunities for real estate.
 

Pops

Avatar of War Slayer
8,136
21,317
Hah. Missed that last -2% sell off in ten minutes. Still a moral victory. Those energy names can't rally, end of the quarter no one wants them on their books.
 
  • 1Like
Reactions: 1 user

Furry

🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
<Gold Donor>
21,913
28,653
Looks like a lot of people jumped ship before the weekend.

We're in for a race between hope and realizing what's coming. The most terrifying trigger in the market right now is the buildup of securities that have lost value and the banks are deferring margin calls on. That can't be sustained forever. There could be a real implosion almost overnight if they change their mind and decide to demand they meet their obligation. REITs that are not liquid enough should terrify people right now.
 

Pops

Avatar of War Slayer
8,136
21,317

Thats what triggered the last minute sell off.
 

Attog

Blackwing Lair Raider
2,431
1,859
My cousin owns a giant apartment complex mostly caters to lower income folks. I asked him if this stimulus check is going to help him out, he thinks $1200 is going to let those folks buy some flat screen televisions and new phones but won't do a damned thing for them paying rent.
 
  • 2Like
  • 1Truth!
  • 1Worf
Reactions: 3 users