Investing General Discussion
- Thread starter Furious
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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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Sanrith Descartes
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Sanrith Descartes
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Jysin
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Meme-Stock Probe Finds Robinhood Woes Were Worse Than It Let On
Robinhood Markets Inc. faced a more dire situation during the height of last year’s meme-stock frenzy than executives at the online brokerage let on publicly, according to a report from top Democrats on a key congressional committee.
www.bloomberg.com
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Sanrith Descartes
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They lied? No way.Meme-Stock Probe Finds Robinhood Woes Were Worse Than It Let On
Robinhood Markets Inc. faced a more dire situation during the height of last year’s meme-stock frenzy than executives at the online brokerage let on publicly, according to a report from top Democrats on a key congressional committee.
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Sanrith Descartes
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Arden
Blackwing Lair Raider
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Thankfully, I don't count my wins and losses by the day
Edit: really bad day for my inverse etfs, comparatively much better day for my crypto? /shrug it will all change next week. For me it's a marathon not a sprint
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Aldarion
Egg Nazi
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Its hard to wrap my head around not riding sqqq/spxu in this environment. I like investments that make the number go up rather than down.
Obviously there will be green days and it'll hurt for a day or two. Do we sit around laughing at bulls every time theres a red day? In both cases it just takes a little patience to ride it out. Bullishness isnt some kind of morally superior position, its just guessing the line will move in one direction instead of the other.
Obviously there will be green days and it'll hurt for a day or two. Do we sit around laughing at bulls every time theres a red day? In both cases it just takes a little patience to ride it out. Bullishness isnt some kind of morally superior position, its just guessing the line will move in one direction instead of the other.
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Sanrith Descartes
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Different strokes for different folks. If shorting is your thing then have at it. I prefer the other side of the trade.
Izo
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Jysin
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Pick a side dude.. jeez.
www.bloomberg.com
Michael Burry of ‘The Big Short’ Fame Warns Fed May Alter Course
www.bloomberg.com
Zog
Blackwing Lair Raider
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No different than any random joe predicting the market based on the 1 minute chart on any particular day.Pick a side dude.. jeez.
Michael Burry of ‘The Big Short’ Fame Warns Fed May Alter Course
At some point you just got to think for yourself. The talking heads change their tune on a daily basis.
The fed wants a recession, it's the only way to combat inflation. They are willing to see unemployment tick up because it's low to begin with, until we get to depression levels of unemployment i don't see them reversing course.
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Mist
REEEEeyore
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Also unemployment can hit different sectors differently if the recession is a manufactured one. At the way things are going with the collapse in the tech sector and tightening of new investments, I can imagine a job market in the near future where <40% of college STEM grads can't find a job while Dunkin Donuts is paying 18 dollars an hour to any mouthbreather who walks in the door. Obviously that wouldn't last, but it would still be a serious WTF in the short term.
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Sanrith Descartes
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I have been thinking about this and if we continue on this trajectory for a year or two more, I might retire and then take one of those shitty min wage jobs for $20 an hour. No responsibility, shitpost on FOH all day while ignoring customers, and put 50% of my salary into maxing out my 401k. The math really isnt all that bad to be honest.
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