Rolling US Economy Into The Shitbin Thread

amen brother

Let's fix this mess by giving businessmen more money.

seems to have recovered somewhat

Still down a record # in dollars I believe

Times:

Markets tanked on Monday as investors assessed whether the global economy was moving away from the slow growth, low inflation, and low interest rates that prevailed over the last decade.

The Standard & Poor’s 500-stock index was off by nearly 4 percent on Monday. The weakness built off the previous week, when stocks had their worst performance in two years.

If the momentary market sputter turns into something worse, it could become awkward for President Trump. He has repeatedly claimed credit for the surging stock market, and gave the markets a high-profile mention at his State of the Union address last week. At its recent peak, the S. & P. 500 was up 27 percent since Mr. Trump took office. But that number has slipped with the recent sell-off to roughly 20 percent.

Is the historic -1500 DOW drop a false flag by the big banks? Should we investigate Goldman Sachs?!

— Alex Jones (@RealAlexJones) February 5, 2018

Yes, we probably should.

what would "false flag" even mean in that context?

The stock market dropped to distract people from the fact that the banks are making a lot of money?

in the spirit of earnest conversation, though, i jest in the other stock faces thread because this is definitely no big deal and on its way to recovery

As with every instance someone uses the phrase, I assume he means he wants a real flag forcefully jammed up his ass. But that's just a guess.

#flashcrash #baby

no flash crash, just a good old fashioned crash

https://www.marketpulse.com/20180205/dow-recovers-brief-flash-crash/

that person thinks the past tense of "shed" is "shedded" = he is a false flag columnist, i'm calling it

oic, you mean that brief even worse crash in the middle of the crash

the article reads like automated content farm spam tbh

https://www.bloomberg.com/news/articles/2018-02-05/dow-s-15-minute-plunge-had-elements-of-a-flash-crash-isi-says

“We can officially call the last 20ish minutes a flash crash,” said Dennis Debusschere, head of portfolio strategy at Evercore ISI. Loosely defined, the term “flash crash” denotes a phenomenon in electronic markets in which the withdrawal of stock orders rapidly exacerbates price declines.

Sad photo of Wall Street traders reacting as stock market plunges. pic.twitter.com/671pG4Db4L

— Binyamin Appelbaum (@BCAppelbaum) February 5, 2018

I would think marketplace dot com uses AI article writing software, honestly

stock news is actually horribly clogged up with bot-written articles to the point that it's hard to research legit news on a company because you always get like 20 articles that are just auto-generated technical analysis.

https://www.marketpulse.com/wp-content/uploads/2015/02/craig_erlam.jpg

how do you do, fellow humans

https://www.marketpulse.com/wp-content/uploads/2015/02/craig_erlam.jpg

did you have a nice weekend? mine was relaxing

xxp

those are the easiest ones to write in terms of using sentences that make sense, so ya you're right

anything with stats and numbers though basically (sports articles is another good one)

craig erlam has just started a podcast:
https://audioboom.com/posts/6636528-oanda-weekly-podcast-presented-by-jonny-hart-and-craig-erlam

IN 2018 IS THERE ANY OTHER MOVE FOR A SENTIENT A.I. TO MAKE I ASK YOU

From infinity's rather upbeat marketpulse.com link:

The Dow shedded more than 1,500 points at one stage

^inspires confidence in author's firm grip on the direction of the stock markets

stock news is actually horribly clogged up with bot-written articles to the point that it's hard to research legit news on a company because you always get like 20 articles that are just auto-generated technical analysis.

IIRC Bloomberg generated something like 3,000 robot-written earnings pieces in a single day recently.

the skynet we deserve

"it's a flash crash.. no need to panic.." *dark metallic chuckles*

vxx, which is supposed to roughly track the daily movement of the volatility index, is up like 40% after hours. Good chance another big drop coming tomorrow.

a jolly analyst comment: "I have a strong feeling that this sell off is going to intensify because bears are seeing blood on the street"

Circuit breaker is an underrated Autechre album

it's just further proof of how decoupled the stock market is from the real economy

― Fedora Dostoyevsky (man alive), Monday, February 5, 2018 7:48 PM (two hours ago) Bookmark Flag Post Permalink

mind you, twitter is also busy with stuff like this:

Your periodic reminder that the Dow is a trash index and you can ignore it.

— Jesper (@jandersen) February 5, 2018

It is a trash index. 50% of the weighting from just 9 co's.

trashness of the dow is true but only relevant if other non-crap indexes show different trend; s&p also down 4% today

yeah, that's a pointlessly pedantic point to make on a day when all the indexes crash

trump casinos
trump steaks
trump university
trump america

nikkei down nearly 7%

darling nikkei

Need a rolling global recession 2018-eotwawki thread imho

https://pbs.twimg.com/media/DVTiYqyW4AMkHSO.jpg:large

tomboto otm

Trump otm?

I had a longer post about the expansion. In the money supply vs activity and how that lead to evaluation but I’d rather focus on firing the current POTUS out of a cannon.

I need to preface this (as i should most posts) by saying that i don't know what i'm talking about but is this not a good thing, in some respects? Central banks seem to want to get to a position of sustainable wage growth, sustainable inflation and sustainable interest rates of about 2% - all of which are starting to line up. The stock market dip seems to be based on the idea that interest rates are likely to rise modestly so safe investments (like long-term savings bonds) are relatively more attractive than risky ones to some people.

It seems like you can have an ever-growing DOW and interest rates of close to 0% or you can have a wage increases / a return on normal savings accounts but you can't really have both. It sounds like the ECB is still printing money with the aim of getting to this scenario, rather than trying to avoid it.

iirc i think that trump tweet is a fake

tbf it's about the Dow Joans which is a totally different exchange

Dow Joans is a character in steinbeck's "the grapes of WRTH"

also i agree with the take that the dow/stock market in general got overeager and this is a simple market correction, but we def seem due for a recession within the next year or two bc business cycle

that tweet is fake

https://www.snopes.com/did-trump-tweet-president-dow-joans/

joker's remorse

Sweet mother of god. Not for one second did I think people would believe that to be genuine.

— Shaun Usher (@ShaunUsher) February 5, 2018