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  1. #11476
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    Quote Originally Posted by Benny Profane View Post
    X
    This is some great news.

    The lower GDP is, the less money companies make and the more people who are unemployed. Less money companies make and the more people who are unemployed, the higher stock prices go.

  2. #11477
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    Quote Originally Posted by californiagrown View Post
    Or, ill sit out a few weeks of big gains that happen because of...fucking magic? and wonder why there is no rhyme or reason anymore.
    I decide to accept that a long time ago.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  3. #11478
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    The stock market is doing its best to prove that it is utterly irrational.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  4. #11479
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    Jan 2017
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    on the banks of Fish Creek
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    2,599

  5. #11480
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    Sep 2006
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    I'm feeling exuberant today! And in a very rational way, I might add.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  6. #11481
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    Sep 2004
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    Quote Originally Posted by m2711c View Post
    This thread needs a soundtrack.

    https://www.reverbnation.com/alangreenspanproject/songs
    Quote Originally Posted by powder11 View Post
    if you have to resort to taking advice from the nitwits on this forum, then you're doomed.

  7. #11482
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    Oct 2003
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    Big in Japan
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    I'm telling you, the theory that a lot of this is gambling, especially sports gambling money, is not too far off the mark.

    Let's do some livin'
    After, we die

  8. #11483
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    Mar 2008
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    the ham
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    agree

  9. #11484
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    Dec 2003
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    funland
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    Quote Originally Posted by Benny Profane View Post
    I'm telling you, the theory that a lot of this is gambling, especially sports gambling money, is not too far off the mark.
    If I was about to enter a casino and someone gave me 1200 bucks....

    but the casino shut down and there was no online poker or sports to bet on...

  10. #11485
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    Feb 2005
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    North Vancouver/Whistler
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    11,878
    Covered rest of MVIS flat. It's dead money and the bag holders are tedious but tenacious.

    Rebuilt the CHK short which got bought in earlier in the month. Hedged with calls

    Watching LK die. No more shares to borrow but then again it never revealed an opportunity to add.

    COVID scams appear to be petering out. On to the next new scam fashions

  11. #11486
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    Unemployment numbers were worse than expected. Shouldn't the market be up on the news?

  12. #11487
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    Dec 2010
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    As a very green investor (only started in late March)... this is not how the market typically behaves right? There is usually pretty good rhyme and reason, and correlation to the economy? I cashed out of most everything earlier this week, except for some energy stocks i bought in early April, because things just stopped making sense.

  13. #11488
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    Quote Originally Posted by californiagrown View Post
    As a very green investor (only started in late March)... this is not how the market typically behaves right? There is usually pretty good rhyme and reason, and correlation to the economy? I cashed out of most everything earlier this week, except for some energy stocks i bought in early April, because things just stopped making sense.
    When companies lose money they inherently lose value, which pushes their stock prices higher. When people lose their jobs they are less likely to spend money consuming goods. This means that companies will make less money going forward, which pushes stock prices higher.

    The best hope for any company is to return to a pre-revenue stage (think unicorn tech startup like Instagram or Pinterest). If a company loses money with no plan to make money in the future the value of the company is infinite.

  14. #11489
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    Seattle
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    Quote Originally Posted by californiagrown View Post
    As a very green investor (only started in late March)... this is not how the market typically behaves right? There is usually pretty good rhyme and reason, and correlation to the economy? I cashed out of most everything earlier this week, except for some energy stocks i bought in early April, because things just stopped making sense.
    You're in a thread titled "Is the stock market going to tank?". Negativity and fear is in the title, LMAO
    90% of skiing is just looking cool

  15. #11490
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    Feb 2005
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    californiagrown - markets are driven by buyers and sellers and their respective aggression levels. They don't have to make sense or be rational since the market actors themselves don't make sense or are rational. Different people employ different tactics to try to achieve understanding and get an edge.

    IMO the best thing you can do is to find your own method to dealing with the madness.

  16. #11491
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    Mar 2008
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    northern BC
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    2 words

    indexed funds
    Lee Lau - xxx-er is the laziest Asian canuck I know

  17. #11492
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    Jan 2005
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    Denver, CO
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    Quote Originally Posted by f=ma View Post
    You're in a thread titled "Is the stock market going to tank?". Negativity and fear is in the title, LMAO
    Check the date on the first post.

  18. #11493
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    May 2016
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    Quote Originally Posted by El Chupacabra View Post
    Thatís good stuff! I think the last one might be better than the original.

  19. #11494
    One thing I did not anticipate was the forward PE of the S&P500 skyrocketing >20 in a depression. It's quite the spectacle watching money managers cheer on the monetization of wealthy fuckups on the back of the global worker. Literally making rich people whole after engaging in stupid misallocations of capital with paltry capital buffers. Monetary socialism for the wealthy, capitalism with a few weeks of UEI for workers. We are in this together!

    I get the perspective of critical theory & the thrust behind Bernie Bros. The problem is their remedies flow through giving more power to those that finance these injustices in the first place: monetary socialists. Depressions eviscerate ill-positioned capitalists while redistributing assets to the prudent. If you manage the relatively inexpensive baseline of food/shelter/education access you can mitigate a lot of the misery while letting the monied buffoons get their due. That also enforces contract law, allows for a reliable market for those on the sidelines to enter & build anew. What was standard modus in the pre-war era has now become verboten.

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  20. #11495
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    Feb 2005
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    Quote Originally Posted by LeeLau View Post

    COVID scams appear to be petering out. On to the next new scam fashions
    XSPA is a COVID scam that's rearing its head. It's not a scam per se but just a nanocap that has periodic pumps of hype. Failed to find borrows so just watching for now.

  21. #11496
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    Dec 2009
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    Spitballing, but a bet against movie theaters in the medium and longer terms seems reasonable on the surface: AMC, RGC, CNK. The Universal movies direct to stream thing. Disney+. Regal taking the opportunity to permanently close some theaters. But, then there is rumored Amazon interest in AMC.

  22. #11497
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    All of the soon to be abandoned shopping malls and other large retail centers would be cheap and easy to convert to drive-in theaters. It would be neat to see a revival of the drive-in. Going to see a movie in a theater has always extremely unappealing to me. Why the hell would I want to sit in a sticky seat that's been drenched in ass sweat from 50,000 other people, while listening to mouthbreathers make more noise eating and drinking than barnyard animals? I'll pass, thanks.
    I remember a bottomless freedom...

  23. #11498
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    And getting shot.

    I'm joking of course (well, sort of), but I haven't set foot in a mainstream movie theater in I don't even know how many years.

  24. #11499
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    Quote Originally Posted by glademaster View Post
    All of the soon to be abandoned shopping malls and other large retail centers would be cheap and easy to convert to drive-in theaters. It would be neat to see a revival of the drive-in. Going to see a movie in a theater has always extremely unappealing to me. Why the hell would I want to sit in a sticky seat that's been drenched in ass sweat from 50,000 other people, while listening to mouthbreathers make more noise eating and drinking than barnyard animals? I'll pass, thanks.
    And why would I sit in my car in a parking lot while I can watch movies from the comfort of my couch?

    Movie theaters made sense when people had crappy TVs, but with pretty much everyone having large flat screen HD TVs and the ability to stream in 1080p or 4k I see no reason that movie theaters are better. I don't want to deal with people kicking my seat, needing to walk past me, talking throughout the movie, eating food loudly, etc. The movie theater experience is way worse than the at home experience IMO.

  25. #11500
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    Oct 2007
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    Quote Originally Posted by Kevo View Post
    And why would I sit in my car in a parking lot while I can watch movies from the comfort of my couch?

    Movie theaters made sense when people had crappy TVs, but with pretty much everyone having large flat screen HD TVs and the ability to stream in 1080p or 4k I see no reason that movie theaters are better. I don't want to deal with people kicking my seat, needing to walk past me, talking throughout the movie, eating food loudly, etc. The movie theater experience is way worse than the at home experience IMO.

    My truck has a pretty good sound system. I used to live next to a drive in in WA. I could watch the movies from the parking lot and get the sound through the radio.

    We got tickets to see a drive in movie next week. I figure it is just something different. Doubt that it'll become a regular thing for us but it'll be fun every once in a while. Don't remember the last time I went to a movie theatre either.

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