Is this the bottom?
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unironically yes
Only after we have videos of suits jumping off from buildings
Probably not, but I'm starting to trickle some money in. I think it will go significantly deeper though. Just keep in mind anything we buy now we'll probably need at least 2 years of holding the bag with. It's hard to say where the bottom is, but the top will for sure be higher than it is at now since we are young.
unironically no the people telling you to buy are fellow bulltards
This time there is no bottom.
It's over.
We're not even out of the incubation period yet senpai, wait till we go full Italy.
Lol
You mean stock or crypto?
20k is a meme number, and since it has finally broken it, there is nothing left to panic sell 'toward'. I think this was the last major drop, it might go down further, but sellers went all out to hit their "high"(low) score.
Extremely high iq post
Have seen this line? We're nowhere near the bottom
Exactly, I am unimpressed by people's lack of faith in corona chan, wait till the hospitals start filling.
I think Corona is going to get worse in America, we just don't know how much of that is priced in now. I personally think we have a lot more to fall, but that isn't stopping me from starting to trickle some money in slowly. When we are at peak hell, and the hospitals are full of boomers, I'll probably increase buying a bit more, but even after I think we have a ways to fall. This is absolutely disseminating small businesses.
When everyone fears corona, I fear stock market fucking crashing. This shit will worse than 2008
Why do you fear it? We're going to make a bunch of money off this.
He bought before the crash.
Falling stock prices directly correlate with increased mortality rates
Well I bailed with gold before the crashing. But that doesnt mean I'll be okay. Judging by graphs this crisis will be the worst crisis in history, soo...
This. I bought one stock today, already down in the same day, but my expected returns on it should be 5-10 fold, if not more years down the line.
That is, of course, assuming the dollar itself doesn't shit itself and die, in which case it's all moot and literally does not matter whether I buy, sell or hold.
>That is, of course, assuming the dollar itself doesn't shit itself and die, in which case it's all moot and literally does not matter whether I buy, sell or hold.
Just remember that companies can survive currency collapses better than the currency itself. Be in anything but cash when the dollar shits itself.
>assuming the dollar itself doesn't shit itself and die
that is a risky assumption...
what did you buy?
I'm a fucking retard who has no idea what I'm doing. When numbers go down I post AAAAAAAAAAAAAAAAAA and when numbers go up I post WEEEEEEEEEEEEEEEEEEEE and all I've being doing is slowly drip-feeding money into an index fund and hope it pays off in like 5 years because the interest rates for the bank are so low. I'm currently -17% down in terms of return on my initial investment so it's not going too well, but I'm going to keep dripping money I don't need into it because the way I see if I'm right I gain money, and if I'm wrong then the entire world economy has collapsed and I'll have more to worry about than potential gains on money I don't need. Is this a good strategy or am I fucking retard?
Virgin galactic. Could have bought more if I delayed pulling the trigger by a couple hours, but even still, under 11 is still a good price. I anticipate it's probably going to defy my hopes and go down even further, probably down to the 5-6 range, but what are you gonna do. The trade is in.
It is, but like I said, if it does go it won't have mattered that I bought. The end result will be the same as if I held.
No
It bottoms out when New York gets locked down
>Virgin galactic
Oof. I don't think that's going back up. If (probably when) Branson gets his bailout that will probably go.
>It is, but like I said, if it does go it won't have mattered that I bought. The end result will be the same as if I held.
I disagree, you could have taken that money and invested in something like gold. Gold has been a store of value throughout all human history, that will not change now. At the end of this, it might not be dollars that you exchange gold for, but it will still have much value
Temporarily, yes.
>petrodollar devalued
>multiple week/month city/statewide mandatory quarantines
>fed dumping unimaginable amounts of worthless money into markets
We're not halfway to the bottom, user. And the recovery will take literal decades, if it recovers at all. This is so fucked up it's not hyperbolic to think that this might be the literal end of the way we live our lives.
you sound rational, take this tip
bottom is at least one month out
expect a deadcat bounce until like november from there, then another massive dip but it won't go as low as the bottom in late April
Unironically you should pick up some CKB too
It's a long term holder for me. I'm absolutely not expecting any short term gains for it. I'm looking at it the same way some people were looking at Amazon 20 years ago. It's all about the infrastructure which opens up gateways to new industries and investments. Just hoping I'm right.
Don't tease me. I can only get so erect.
Whales having a whale of a time getting normies to FOMO in with these little pumps and then dumping it again. Every. Fucking. Time. The big dump will arrive very soon. The bottom will be 3.8k.
Fair enough. I'm looking at wind and solar, which will go down in the next few weeks, maybe months, but will definitely shoot up long term.
Well what next?
>USA only now starting to see cases and the panic hasn't even set in among all the amerinogs
No, give it a few more weeks.
Bitcoin won't follow the DOW wtf
I bought TVIX towards the end. Planning on selling it as soon as the market opens. I don't see how it could go up overnight with all the retarded shit going on.
Solar might be a good bet, especially with electric cars and the rise of Tesla and such, however I think wind is just dead in the water. Way too many complications, variables and costs for a very small comparative output. I'd go all in on the solar, personally.
lol no you fags.
Yeah wtf it has been DOW's bitch for the past couple of days and now 2 green candles?
Sounds reasonable to me. Keep trickling into index funds. I started investing when I graduated college in the great recession. When I first started I was down about what you are, and later nobody wanted anything to do with the stock market and I kept trickling in. I lost money to start, but in the end I made a whole lot. I've had by bank propose managed funds and I've turned those down, only to match their performance with no fees using index funds. There are people who play the market, and people who move with the market. I fall into the latter category. When I get old, I'll start trickling money out so that if a recession hits I'm not stuck having to cash out in a low.
I have no crystal ball, but I'm 34 and I feel I'm going to make a lot of money off this recession...In the Great Recession it got to a point where bad news was no longer sparking massive sell-offs, and that's when I sorta knew that it was time to increase putting money in for a while. I go with my gut a bit, so at high times when people are excited and truck drivers have stock tips I put very little in, and at low times when people are saying the stock market is a scam I put more in.
sneed
Looks like bulls are defending 2350 on spx. Might be time for a dead cat bounce. But we are beyond the point of fundamentals here. If we rally, it is a dead cat bounce. As retail, travel, and hotels shut down across the us and the American shale oil industry goes bankrupt, prepare for a wave of unemployment insurance claims, scarcity from panic driven demand and lack of supply from the supply chain breaking, inflation from helicopter bux, and a surge in demand on healthcare.
If we do have our dead cat bounce, I will only be using it for accumulating out of the money puts on spx.
If the dollar collapses what happens to credit card debt? Should we all go max out our funny money cards?
Lmao nope
10k DOW
Yep. I think after the month long shelter in place style rules go in effect in NY we may see lows for the short term. I see the market spike up in the summer when everyone realizes the impact of weather.
The second late fall hits it'll be corona time again and I'm going to fucking smash puts. Corona time pt. 2 will be much worse.
It will be interesting to see if quarantines become the new norm for a while. With the Spanish Flu the second round was much worse. I mean, I don't want to see people die... but I'll take the extended low for more gains (if I make it kek).
I have no fucking idea what will happen though, but I still think we are in a position to make some nice coin either way.
We were the bottoms all along
The US economy is literally on shutdown for the next three months if not more.
This is a disaster out of any proportion to which we can meaningfully relate. The 08 crisis is fucking sandbox compared to this.
Imma keep it 100
just stay the fuck in the crib
Here's a good article about that in MIT Tech Review yesterday.
technologyreview.com
They suggest:
1. Operationally things will change forever (obv)
2. Major cultural shifts (obv)
3. There will need to be a minimum of 18 months of scheduled distancing to manage this outbreak (periods of on and off distancing and quarantine like we have now)
y-you're joking, right?
please tell me you're joking
Does cryptos close at 4pm every day now?
But yeah working in trend forecasting I can tell you this shit is definitely going to be different than any other "traumatic" worldwide event.
I think the market will definitely get fuckin smashed but there will be a way to make coin from this without a doubt. I think the big thing to remember though is even in times of extreme volatility like this the people who really make it out were already rich or connected (and not as rich but still super rich). And I'm not talking about 2008 or 9/11, I'm talking about like world wars and shit. We don't really have anything to compare this shit to though so even people like myself who are just supposed to sit around all day and figure out what's going to happen next are still basically sitting around with our dicks in our hands.
I like to watch Oil Crashing with Dark Souls 3 music. Especially with Gael's theme, so fucking epic.
Thanks, that is very interesting. I think people will adjust to this new norm, it's amazing watching people in complete denial though.
What do the forecasts say for when the virus will peak in the US? Do they have any idea?
We will be at the bottom in the weeks before the quarantine ends. The stock market will rebound in a cartoonish way immediately after but will only climb back up to where we are now. Then it will slowly curve back up toward where it was over the rest of the year. The pain over the next few years will be felt mostly in inflation.
November-January depending on our response (for the northern hemisphere.)
Cases will likely decrease all summer so May / June may feel like the peak but unless some insane innovation and distribution chain disruption happens in biotech and some early stage vaccine is found "effective" right now....fall / winter will be much worse.
Like most folks are saying it's likely to be a regular thing that we deal with forever but we can get properly vaccinated at some point hopefully. There's also the chance that it mutates and becomes weaker (or like....a lot worse)