DrBanneker
Space is the Place
Don't short, unlimited loss possibility and stuff is so manipulated by hedge funds and algos it can be hard to call. Try puts. As far as what to put, I can't tell, everything is so inflated.
Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid
- Thread starter GnauzBookOfRhymes
- Start date
Don't short, unlimited loss possibility and stuff is so manipulated by hedge funds and algos it can be hard to call. Try puts. As far as what to put, I can't tell, everything is so inflated.
I would say just buy at the bottom of the market and then hold until things pick back up.
I tried to get a thread started on this. We're due for a major correction. I've been watching housing prices in KC and we're seeing houses in the upper middle class range sit on the market for a LONG time. Entry level, lower-mid middle class houses seem to be solid, but people forget what killed the economy was speculators at the top end of the market.
I don't know if the level of speculation is what it was back in 2007-08, but I'd love to know how home sales were trending then and now.
Exacerbate that with the coming student loan bubble. That's going to be even worse. If students just say "fukk it I'm not paying" the way people were walking away from mortgages
EDIT: Another thing that bugs me is what feels like a tractor beam on the stock market. Every time there's a big drop, it get's pulled back up slowly. I'm not a stocks expert it could be regular corrections, but I've never seen this many big drops and immediate corrections. It's almost a monthly occurrence now ("Dow drops 500-1000 points!")
I don't know if the level of speculation is what it was back in 2007-08, but I'd love to know how home sales were trending then and now.
Exacerbate that with the coming student loan bubble. That's going to be even worse. If students just say "fukk it I'm not paying" the way people were walking away from mortgages
EDIT: Another thing that bugs me is what feels like a tractor beam on the stock market. Every time there's a big drop, it get's pulled back up slowly. I'm not a stocks expert it could be regular corrections, but I've never seen this many big drops and immediate corrections. It's almost a monthly occurrence now ("Dow drops 500-1000 points!")
GnauzBookOfRhymes
Superstar
Goldman says slowdown next year. Don’t trust them. They need to keep up the appearances of growth probably due to their current holdings/positions.
Goldman Sachs believes the US economy will slow to a crawl next year
This is what will happen. We’re going to go through weeks long drop in the stock market. Savage. Then all of a sudden massive layoffs. Wave of foreclosures and bankruptcies due to exploding personal debt (that people took on bc they were assured our economy was bulletproof).
The run up in the stock market post trump will be seen as a work in the same way the wildly inflated housing prices/mortgage scams of the mid 2000s. Same as the bitcoin surge.
Watch. This. Happen.
Goldman Sachs believes the US economy will slow to a crawl next year
This is what will happen. We’re going to go through weeks long drop in the stock market. Savage. Then all of a sudden massive layoffs. Wave of foreclosures and bankruptcies due to exploding personal debt (that people took on bc they were assured our economy was bulletproof).
The run up in the stock market post trump will be seen as a work in the same way the wildly inflated housing prices/mortgage scams of the mid 2000s. Same as the bitcoin surge.
Watch. This. Happen.
GnauzBookOfRhymes
Superstar
I tried to get a thread started on this. We're due for a major correction. I've been watching housing prices in KC and we're seeing houses in the upper middle class range sit on the market for a LONG time. Entry level, lower-mid middle class houses seem to be solid, but people forget what killed the economy was speculators at the top end of the market.
I don't know if the level of speculation is what it was back in 2007-08, but I'd love to know how home sales were trending then and now.
Exacerbate that with the coming student loan bubble. That's going to be even worse. If students just say "fukk it I'm not paying" the way people were walking away from mortgages
EDIT: Another thing that bugs me is what feels like a tractor beam on the stock market. Every time there's a big drop, it get's pulled back up slowly. I'm not a stocks expert it could be regular corrections, but I've never seen this many big drops and immediate corrections. It's almost a monthly occurrence now ("Dow drops 500-1000 points!")
Breh I am not an alarmist or conspiracy theorist. I’m not an ideologue. Yes there are things/people in politics etc I hate but I honestly always consider myself an even keeled type of dude.
But I believe to my core that the market is just one big scam. Not in the sense that every thing about it is a scam or criminal, or that it doesn’t serve a legitimate purpose or that people do not and cannot make money legitimately etc. but a scam in the sense that itnhas been basically overtaken by factors beyond our control.
It’s been shown that due to the compensation structures that CEOs no longer pursue policies/plans with a view towards stable growth. It’s all short term due to stock incentives etc. But most people get into the market thinking about retirement (or that’s how they’re sold into putting money there). that is a huge fukking disconnect.
I agree with u regarding those huge swings. shyt is all based on emotion. It’s same reason why I didn’t jump into bitcoin. None of this shyt is based on logical or rational factors anymore. Millions of people are going to spend way more than they can afford this Xmas bc they think we’re going to be growing at 4% indefinitely. So yeah the stock prices for all these companies may bump bc of the sales but what about when all these fools realize the CC company just yanked their interest rate to 20% and cut back their limit bc they see the economy about to tank?
I’m buying cheap buildings and fixing them up. Nothing luxury, just decent. Gonna be a landlord full time. Mfers going to be losing their houses all over again and you don’t need the newest iPhone to live but you do need a roof over your head.
GnauzBookOfRhymes
Superstar
GnauzBookOfRhymes
Superstar
GM to cut production at several plants, reduce salaried workforce by 15 percent
massive production/job cuts by GM
massive production/job cuts by GM
Made a thread for it, felt like news this big warranted one.
GnauzBookOfRhymes
Superstar
Q3 next year is promotion time. Don’t crash until after
WOOOOO.....cutting it close breh
I'ma pray for you. J/K I don't pray.
Sending positive vibes tho...
I wasn't in the workforce then, but apparently last time my company didn't give raises and said your job was enough for the promotion...... Got me like
until further noticeJson
Superstar
The only thing that bothers me about the current economy is that I'm seeing too many people needing work as Lyft/Amazon/UPS...etc for survival and not for extra cash.
Like if the wage growth/job numbers were what the economic indicators say, so many people wouldn't need these extra revenue streams.
Like if the wage growth/job numbers were what the economic indicators say, so many people wouldn't need these extra revenue streams.
GnauzBookOfRhymes
Superstar
I'm not the best with economics but what's good with this inverted yield curve
usually presages a recession...
Dow getting killed again
S&P 500 enters death cross territory (50 day moving average BELOW 200 day average)
brehs/brehettes, take it from someone who was around for the great depression....
i say this as a business owner myself - if you are thinking about going into business for yourself but you have a stable job right now, DON'T MAKE THE JUMP....don't go crazy this christmas, have a talk with your significant other (if applicable) about where in your lives you can cut unnecessary spending...save, save and save some more
if you do have the money and are looking to see how you may be able to capitalize, CONSIDER (with due diligence of course) purchasing a rental property (I would probably wait until mid next year when the housing market will be complete shyt). foreclosures are going to increase and people will be even less likely to want to own while we're in recession (not to mention mortgages will be tougher to obtain). the rental market will always be strong.