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!
Palum
what Suineg set it to
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That's not what I meant. Black swan events are high impact that can't be predicted easily. That has nothing to do with whether you can see any indicators at all.
By your definition 2007 wasn't a black swan event because some people did predict it, I guess? I think lots of people individually saw particular concerns with one bank, or mortgage program or market segment.
Gravel
Mr. Poopybutthole
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It's sad that some are just now realizing the Fed has no fucking clue what they're doing.
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Jysin
Ahn'Qiraj Raider
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Big Phoenix
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Imagine being the foremost economic expert in the country and saying that.
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Sanrith Descartes
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Palum
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Blazin
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Of course it wasnt! Da fuq! people act like the GFC came out of nowhere on some random day. The market had run sideways for 7 months then spent another 7 months struggling before it shit the bed. So obviously every mutha fucka out there knew there was problems. Things going off the rails for a few months in the fall of 08 is "THE EVENT" but people will paint a picture that we were happily printing new highs oblivious to the risks and most of this knowledge comes from some movie they watched years later that now makes them an expert.
The market lost the 200d almost A YEAR PRIOR and couldn't recover it, da fuq you people on about. The hot takes are just too much for me sometimes
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Big Phoenix
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Blazin
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Sure I do and they often amount to nothing. 9/11 is a black swan, the flash crash, JFK assassination , even start of covid lockdown though we had some lead up happened fast enough to be considered a black swan event. People constantly list "concerns" in categories that the market is regularly laser focused on such as debt/credit risks as being black swans which is laughable, when those are the exact things the market is looking at. What the bears always mean is they feel left out and decide the market is ignoring some issue that is obvious to even the short bus.
Hey guys the political climate is unstable and could be a black swan!! Nobody is aware of this it could come out of nowhere! Hey guys housing affordability is BAD, if only the people not as smart as me knew!
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The alternative is the foremost economic expert in the country either lying to you or not being self aware enough to know what he doesn't know.. so I guess take your pick.
Sanrith Descartes
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Palum
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Ok you're right I'm sorry, everything is predictable. So what's going to happen?
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Sanrith Descartes
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Mist
REEEEeyore
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Mist
REEEEeyore
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The person that said it would be sell the news was right and everyone owes them an apology.
Palum
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Sanrith Descartes
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