Rolling US Economy Into The Shitbin Thread

https://blogs-images.forbes.com/peterlazaroff/files/2016/07/2016-07-20-President-Market-Data.jpg

I should say that having known about DJ Trump as an investor since the late 90s, the prudent choice is to short any institution he's affiliated with, particularly after an early term run up to a management payday.

There’s still way too many people taking the long position on US debt to make money shorting it I would think

The implication of this really is incredible: regular people working 40 hours a week are essentially working one day per week for free, with all their pay for that day going to the top 1% https://t.co/q0O3mpZvke

— Jon Schwarz (@schwarz) August 20, 2018

this has always been a (the?) goal for foreign-government support of trump and the GOP, no?

https://talkingpointsmemo.com/edblog/100966

This month, officials from France, Germany, and the UK have begun planning with China and Russia a special payments channel that would allow these countries to defy new American sanctions against any company doing business with Iran. This payment channel would bypass the American-dominated international banking system and the dollar.

no, that's a specific response to Trump backing out of the Iran deal

'help put trump in office and egg him on to do stupid own-goal isolationist BS' is what i was getting at

hi

https://www.youtube.com/watch?v=gH476CxJxfg

also lol at the last 2 hours https://www.coinbase.com/charts

Probably for the best all things considered

Until things turn down by roughly 10% from the recent high water mark, this doesn't even qualify as a "correction". This could be due to traders tea-leaf reading, based on Trump's trade wars and uneasiness about the midterms, but without more data solidly showing retrenchment, this is just a round of profit-taking.

Tbh I care more about interest rates continuing to go up than the stock market doing anything in particular, cheap debt has a lot of societal fuckery to answer for

the NYT article says the markets will be back up on friday when several banks report Q3 results, which is going to show that sweet tax cut that will trickle down to the rest of us in Q4.

silby otm. the markets are not the economy but interest rates (and therefore housing and debt) are a big deal practically and electorally (which presumably is why trump is openly criticizing fed policy).

At this point in the cycle, those interest rates need to be creeping up.

totally. trump is wrong.

Trump was bloviating about how the Fed was keeping rates too low, what, a year ago?

I put it on another thread, but the general market needs to pull back at least by 30%. I hope it tanks the rest of the quarter. I've been waiting for it. It's like watching only the beginning of The Big Short over and over. The housing market is already mushy. And all this new money in the market from from people who haven't had to weather a downturn before..

it's difficult, i mean, i _could_ pull back but at this point it's, you know, either the markets will recover or capitalism will collapse, and either way i don't have an incentive to not invest.

Yeah, the only reason not to invest is if you need money *right now* or very soon, like retirement. Otherwise, my understanding is that invested wealth doubles every 7-10 years or something, unless yeah, the economy collapses and never recovers.

I want to cash out my 401k before the market crashes and the world is submerged by the melting ice caps

good to have cash 2 set on literal fire for warmth

I mean if you have sizable gains already you could cash out partial at least, you can always rebuy it back on dips. Don't lose all profits because you are married to a position. I am thrilled I got out of some equities on recent run ups. I missed out on additional gains but all are now under where I sold them anyway. Also I had a lot of 3xs lev etfs that are bearish so those were my hedge.

Also, I think it's funny if we start the next recession almost on the 10 year anniversary of Lehman. It was jokingly expected.

market apparently shrugging off yesterday like it was nothin'

feels like a trap

lol you called it

https://dev.tradingsim.com/wp-content/uploads/2011/06/Bear-Trap-3-1024x385.png

my 'shrug it off' comment is no longer valid.. 1% drop just turned into a 2% drop in 30 minutes

So I am hoping that no one will want to hold over the weekend and that will further the decline tomorrow and then asia will be all messed up when they start trading on our sunday that we can really get this recession started.

the classic trap-two-bears-n-let-em-go trend

wheeeeeee

Looks like I picked the wrong week to quit sniffing glue think about quitting my job.

All potential candidates should be led into the interview by a disinterested third party after they've donned an oversized burlap suit (and, naturally, a matching hood which covers the entire head). All responses to interview questions should be tapped out in morse code lest the interviewer lapse into unconscious bias triggered by hearing a human voice.

Wow, was that ever the wrong thread!

Eh, I've been through more degrading job interviews.

so many little shitbins surrounding the big shitbin.

🎵 i’m a little shitbin, short and stout 🎵

gonna invest in shitbin inc.

speaking of bear traps, that was a helluva trap the first 45 mins of trading. 200 day moving average was breached which is a very negative signal (for longer time frames). But if you bought instead of panic sold you made almost 2% return in a day as the market rallied hard all day.

can't we just put the entire economy into Vanguard indexes and get this all over with once and for all

funny to read this thread

Who's pushing the pedals on the shitbin cycle?

Retail investors who were lulled into thinking the market goes up forever without a pullback. The last two years were a huge stupid ponzi.

you can always be sure the banks will lend some push to the shitbin cycle. assisting speculators in the misallocation of capital is practically their business model.

The market still has a ton of room to pullback.

i blame seeking alpha's mini cramers

I am hoping all the funds that have this last quarter to bring their numbers up for bonus season are doing their job to create downside volatility. They don't make money when stuff goes straight up.

The market still has a ton of room to pullback.

^ otmfm.

These days the equities markets and bond markets are only tethered to the real economy to the extent that monetary policy (the Fed) is tied to the real economy. The Fed's policies are tethered to accommodating banks' balance sheets as a proxy for the real economy. The banks no longer care about due diligence and throw money around carelessly on the understanding that if their risks blow up in their faces they will be rescued. The whole machinery is as shaky as a washing machine during the spin cycle with an unbalanced load.

Luckily we have a president who's an expert on unbalanced loads