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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The first time hearing for me was xmas of '18. If memory serves (I'm too lazy to double check), didnt we have a nasty drop in 16 as well?
Blazin
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The term has been around since the late 90's.
"The name "Plunge Protection Team" was coined by The Washington Post and first applied to the group in 1997."
Plunge Protection Team (PPT): Definition and How It Works
The Plunge Protection Team is a nickname for the Working Group on Financial Markets, which makes recommendations to the U.S. president.www.investopedia.com
Thanks, never looked it up. Been trading since about that time and don't recall ever hearing the term used during that period but communication with traders on the web was far less frequent.
Pretty sure everyone here knows that, at least I hope so.
Sanrith Descartes
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I was joking. And you mean OUR fed doesnt buy equities. BoJ has been doing it for years.
Attog
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Town of 30,000 near me just shut down for two weeks because a lady had the virus and attended a bunch of events in town. Our governor just put out an alert urging all citizens to have two weeks of food and water on hand. I'm sure he means well but telling me to have two fucking weeks of water on hand makes me panic. Why do I need water on hand? Is our water supply in danger? If I turn that tap and water doesn't come out, I am going to need guns.
Asshat wormie
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LachiusTZ
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Yeah . . . prolly.
I started buying silver because I put such a huge amount into the stock market etc this year I wanted something else. So after a 10 month stock buying spree, I bought all the toys I had to skip for the years we were poor. Then I bought some silver b/c fuck it why not.
And the shit is really pretty. Lol. Since I liked having it I got some more etc.
I get the buying all metals thing, I just think its misguided. But I'll admit, I do like having it myself.
I use coins to pay my kid his allowance (a dime per thing, quarter if you get 100% of your shit done each day), and he lost his fucking mind when I gave him a giant ass silver coin.
Anyway, yeah . . . after about 3 or 4 of those videos I had to shake off the "Need to buy at least a ton of American 90% silver coins".
Sanrith Descartes
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Pops
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I have a friend who got out a couple days into this drop and has been pressuring me to liquidate, saying this is the beginning of much worse. I don't know what to believe anymore. He has half convinced me to at least liquidate my individual account and then look for a opportunity while leaving my 401k as is. (well thats what his urging have gotten me to consider so far, he of course says the 401k needs to be converted to bonds too before it "all goes".)
He saying now with oil price crashing, its even worse.
Psychology at play in this.
He saying now with oil price crashing, its even worse.
Psychology at play in this.
Do you need the money in the next 10 years? If no, shut off the news and check back in next year.
Sanrith Descartes
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Holy shit.. 10-year treasury yield is at 0.48% right now. The money is flowing into bonds endlessly.
