Rolling US Economy Into The Shitbin Thread

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my 'shrug it off' comment is no longer valid.. 1% drop just turned into a 2% drop in 30 minutes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

I've been waiting all year for biotech to collapse. Today was a good day.

Can I invest in the Yerac fund?

My fund dividend plan is that I always buy the booze and food.

I'm in

yeah I think the news about rate increases is telling everyone the crack party is over

This might be worth a look: https://www.cfr.org/blog/trumps-stimulus-trumps-his-trade-policy

Is it bad the first thing I did was look at the author bio and roll my eyes?

damn, first the tech and now the graphy? no bio is safe.

at the least it didn't say "Proud Dad"

Trump's "Rates are unsustainably low and you're raising them too fast" reminds me of that old joke "Terrible food! And such small portions!"

At work the other week (consulting at a ratings agency) someone was talking about how the big three ratings agencies had done a lookback about their role in the puerto rico debt crisis and everyone felt fairly confident that they didn't mislead the public about the credit worthiness of the bonds and the blame rests with puerto rico and their mismanagement. Me and the latina woman in the room gave each other the look. I told her after I was going to buy an O RLY owl head to have on hand to put on in times like that.

I bring this up because I was just hate googling that guy in the blog post and watched 15 seconds of his talk on sanctions on Venezuela.

I got the impression that there's a fair amount of blame to put on UBS, which more or less controlled the entire bond market for puerto rico from front to back?

ok, sure, but from what I could see of that post (as the headline says) the rhetoric isn't matching the actions, and some of Trump's actions that do match it have effects that are yet to kick in. It didn't sound like he was a supporter. xp

I had to google a video because I thought he was british at first.

The way that blog post was written is like trump isn't doing all that shit in a spur of the moment silo and people are working backwards from the data produced.

Wheeeee!

On the one hand it’s too bad for my net worth but on t’other I’m getting a raise, the economy is a strange creature