I still can't believe the stock market lost a third of it's value over just a couple weeks in March and everyone just... acted like it didn't happen.
Like, if you compare it to 2008 which took around a year to reach its low point, this should have caused a much worse recession. But just, nothing.
It makes sense. To make line go up, they stole our money and dumped it into the stock market.
Then they deleted a lot of that money by losing our labor because they fucked up on COVID.
But don't worry. They stole our future money way more than they were originally going to. So line went back up!
multiple times there was emergency trading halts. it was absolutely insane.
The worst boss fight ever, every time you do 5% damage it turtles up for the rest of the day and you have to wait one whole day
And the asshole mage in the next area gives it HP regen because we didn't destroy the magic crystal or some shit first
not true oil futures went negative so the big banks could take everyone who rationally bought in when price per barrel hit $0 “pRiCe CaNt gO bElOw $0 mUst InvEst”
the banks literally took oil short at $0 per barrel just to drive it negative for a second and obliterate everyones stop losses
banks do this kind of stuff all the time, they have access to the data of where everyone in the market has their buy orders, sell orders, stop losses and whatever for future orders, so they will take assets long or short in order to trigger these areas where they know there’s lots of orders or stop losses. they use their massive financial wealth to cause shifts in the prices of these assets that they can then reverse to make more money.
imagine if everyone was going to buy apple at $10 a share and had their stop at $7 a share and it was currently trading at $12. banks see this and go short apple with their massive dick until this causes it to drop (bc oh wow banks going short they must know something we don’t) to $10. everyone buys in now, but the banks keep taking it short until 7 and everyone gets stopped out at a 30% loss. it’s then that the banks take can take it long again or stop putting short pressure on apple, they make money on the way down off of your stops getting hit and make money on way up bc they likely own shares too.
true, i’m trying to figure out currently how to accurately see this happening in real time so that i can jump in with the banks and also make money off of it. as marx said “it is worth it in order to deprive the enemy of some of his money”
would use proceeds to help coop jackson
I first heard about that pattern in crypto markets, I was told it was possible there because of the complete lack of regulation, which allowed the exchanges to abuse their extra information in this way. Interesting to hear about it also happening in conventional markets, for the same reason.
And since Biden and the DNC are so beholden to the suburban white voter (who is by definition a homeowner), they will bankrupt the country in order to prop home values, should they win. Not that Trump will do any different, just that Biden will do the same.
Yeah but it has another boss called "the State" assisting it, it heals it whenever its HP gets close to 0.
We'd have beaten it by now if someone hadn't split the raid.
"LEOOOOOOOOOON TROTSKYYYYYYYYY"
his knowledge of the stock market cause him to build all those bunkers to prepare for the collapse of civilization (we need a hoxha emoji)
The way its "supposed" to work (according to the propaganda that they teach us in business school) isn't remotely how it in fact works and basically is a casino where the rich are the house and they're always winning even when it goes down
literally. if it goes down too much at any one point they can close the market, the government will bail out the big players, and they can always play it like craps where they’re profiting even on stocks losing. in addition, once all the poor people have lost their shit and sell their stocks out of fear they have enough cash that they can just buy everything at a low price.
To be fair there's plenty of rich people who still lose tons of money in volatile markets. They difference is that they can still ride it out long term without going bankrupt and still make money in the long term.
Don't apologize for the wall of text! It's important for people who oppose capitalism to know how capitalism actually works. And the "casino" and "shadowy cabal" miss-explanations are far too prevalent on the left.
I was warned by a BTC fanboi to move all my mutual funds into bonds back in late February. This year seemed to have prove him wrong. Is it too late now?
Looks like stocks weathered the election. Should I prepare for the covid crisis or did it all go away now that Biden is elected?
:crab-party: :floppy-parrot: :crab-party: :party-blob: :crab-party: :party-parrot-mask: :crab-party: :party-parrot: :crab-party: :crab-party: :floppy-parrot: :crab-party: :party-blob: :crab-party: :party-parrot-mask: :crab-party: :party-parrot: :crab-party: :crab-party: :floppy-parrot: :crab-party: :party-blob: :crab-party: :party-parrot-mask: :crab-party: :party-parrot: :crab-party:
Love how I own no shares or stock of anything but if line goes up my life stays the same and if line goes down I lose my job and can't afford rent.
this is a totally fair and just economic system
The wealthiest 10% that own over 80% of stocks are worried.
Didn't this happen already in April? The stock market plummeted and shit? And then a recession didn't hit? I don't get it
But like... how? Prices of commodoties haven't seemed to changed much, and obviously unemployment is super high but that was triggered by covid
Prices don't have to rise for things to be unaffordable if nobody has the money to buy them to begin with. The government sank trillions in ensuring "business as usual" for businesses, so while they might not be feeling the same pressure as consumers/real fucking people (yet), they sure will be when suddenly tens of millions of people are evicted because of the crisis, and many more default on credit and debt of one kind or another.
The economy is currently behaving like a cartoon character who ran off the edge of a cliff but hasn't looked down yet. It's too late and the catastrophe is inevitable, but thanks to the power of make believe it'll get a little further than it should.
Recessions last on the order of years. Businesses operate on quarterly reports, so they (more or less) need to get their shitty report for Q2, make some "adjustments" (layoffs and re-organization) in Q3, and then step it up with desperate layoffs going in Q4 and next year to keep the company in business.
Also Republicans dumped trillions into business aid to keep things looking ok on the books for now like others have mentioned.
The original CARES Act provided the Federal Reserve with $5t that they used to artificially prop up the stock market.
Between the election & the beginning of flu season, we're hitting new turbulence in the market. Wall Street needs a second bailout, but the Democrats do not want to give Trump a political win before the election.
The recession absolutely did hit. It's ongoing. Unemployment is higher now than at any point in the Great Recession.
The line is a rough measure of how profitable it is for capitalists to own businesses, instead of something else like being landlords or speculating on commodities. The news will pretend it means something handwavy about the economy. It may affect workers as profits fall and capitalists do nasty shit to maintain them.
Pls -1000 pls pls pls :stonks-down: :hex-crab: :crab-party:
Hex the Dow Jones Industrial Average :hex-moon: :hex-crab:
Unless that line goes down like that for a week straight there won't be any stimulus check this year.
🦀🦀🦀 LINE GO DOWN 🦀🦀🦀
:crab-party: :hex-crab: :stonks-down:
What about your 401k? What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?What about your 401k?
-10 000 pls
(I know it's not possible, but I can dream I guess)
BASSUI TOKUSHO
抜隊 得勝
Died on the twentieth day of the second month, 1387 at the age of sixty-one
Look straight ahead. What's there?If you see it as it isYou will never err.When Bassui was about thirty-one years of age, he heard the running of water in a brook and was enlightened. Thereafter, he spent most of his days in a hut in the mountains. When people heard of the solitary monk and gathered to hear "the word," he would flee. In spite of his longing for solitude, Bassui did not turn his back on the simple people, but taught them Zen in words they could understand. He often warned his followers against the dangers of drinking, and forbade them to taste "even a single drop." On the margin of his portrait he wrote, "I teach with the voice of silence."
Just before his death Bassui turned to the crowd that had gathered around and said the words above. Repeating them in a loud voice, he died.
