The Stock Market doesnt care about your feelings or identity politics

Originally posted by Robtard
I have stocks; those stocks are affected by what's going on.

do any stocks in your portfolio care about your feelings or identity politics?

No idea who sable is, someone masquerading as me?

No one would ever want to be you ***

Originally posted by Bashar Teg
do any stocks in your portfolio care about your feelings or identity politics?

I do care when Trump gives such an disastrous error-filled speech (despite reading from a teleprompter), a speech meant to calm the fears and distrusts he's spent months seeding about a real pandemic, that the market panics and crashes with each fumbled word, nonsense phrase, lie and look of squinty orange confusion.

Originally posted by carthage
No one would ever want to be you ***

No one would ever want to have sex with your mom, but hey you were born.

I’m sorry dad

Its ok son

Originally posted by Bashar Teg
people panic at round numbers. if it dips below 20k, watch for another mass-panick sell off

Welp, the market is crashing again today. All of yesterday's small gains are currently lost and we've gone into the hole even deeper.

Dow 19,760.72 -1,476.66 -6.95%
S&P 500 2,370.48 -158.71 -6.28%
Nasdaq 6,952.69 -382.09 -5.21%

"Dow tumbles more than 1,300 points amid questions whether government action on coronavirus is sufficient"

We could have the first below 20,000 close since the 2017 crash. Back when the warnings started...

Stock market in on the verge of dipping below 19,000 right now, Dow was 19,087 when I typed this.

^ This is with the Fed cutting interest rates to zero and a 1tril economic stimulus package in the works.

Originally posted by Robtard
Stock market in on the verge of dipping below 19,000 right now, Dow was 19,087 when I typed this.

^ This is with the Fed cutting interest rates to zero and a 1tril economic stimulus package in the works.

As long as I have a job, I stand to benefit from this stock market stuff, considerably.

I hope my company can weather this downturn and I don't get laid off. I will literally profit off of the misfortune and that sounds terrible. But if I do invest when we hit rock bottom, I can be part of the recovery efforts.

Based on how things are, we should be able to make it through this downturn with no issue at all and even absorb some of our competitors assets (they will need an injection of cash to help them with their declining revenue problems whereas we are hitting record volumes).

Originally posted by BackFire
Politics aside. It’s going to be really interesting to see if, or I guess more likely, when, the market drops below where it was when Trump took office. Crazy to think all gains made under his presidency will be wiped out in a matter of like 2 weeks.

It’ll also be interesting to see the effect this has on his re-election chances. Lot of people, myself included, felt that even though a lot of people don’t like him, as long as the economy was going well he’d have a good chance at reelection. If the economy begins struggling in a real world way that regular people begin to feel because of this, then the one thing Trump really had going for him will be gone.

It's happened, you Nostradamus: The Dow has officially erased all gains minted during the Trump presidency

The Dow Jones industrial average on Wednesday slid below the level seen at President Donald Trump's inauguration.

It plunged to 19,727.33 around 12:30 p.m. ET as Trump's coronavirus task force delivered an address. That was below the Dow's close at 19,732.40 on January 19, 2017, the day before Trump's inauguration. -Snip

It's currently at 18,978. With a threat that it will not only close below Trump's inauguration numbers, but considerably so in the 18k range. It was at 19,765 average when Trump was sworn in.

"The stock market has now erased all of the gains in the S&P 500 since Trump became president. A decline this sharp is unprecedented for a modern president's first term."

Interesting if true and it likely is.

Market had abysmal gains today, still in the hole from the record setting loses of the last two weeks, recession is here:

Dow 20,087.19 188.27 0.95%
S&P 500 2,409.39 11.29 0.47%
Nasdaq 7,150.58 160.73 2.30%

This was with the looming promise of a 1trillion stimulus package coming down.

It’s going to be bad at least for the next few weeks. There’s no telling how long the service, airline, hospitality, and artists are going to be down for. This is definitely closer to the depression in terms of negative ramifications for the economy than the recession/housing crisis.

Weeks? If only.

This is going to have a cascading effect for a very long time.

Oh yeah
But I mean assisting the American Worker for the basics at present. Just basic tech events like SXSW and Facebooks tech meeting have lost like 2 billion dollars collectively and these were just events. The loss to entire economic sectors is probably going to be in the tens of billions

I think your "tens" might be underselling it when all is said and done.

Originally posted by Robtard
Market had abysmal gains today, still in the hole from the record setting loses of the last two weeks, [b]recession is here:

Dow 20,087.19 188.27 0.95%
S&P 500 2,409.39 11.29 0.47%
Nasdaq 7,150.58 160.73 2.30%

This was with the looming promise of a 1trillion stimulus package coming down. [/B]

It moderately improved, not sure how you can say it is abysmal.

But the AI news writer (there is an AI that writes news articles about the stock market) said that futures point to a 400 point loss for tomorrow. It's usually correct (but, like The Oracle from The Matrix, it might be causing people to rely on it so it becomes a self-fulfilling prophecy? I haven't dug into it, enough).

A 190 gain after 1,500 loss is abysmal recovery/gain by comparison.

Close today, yesterday's gains lost and sank further, another sub 20k close.

Dow 19,173.98 -913.21 -4.55%
S&P 500 2,304.92 --104.47 -4.34%
Nasdaq 6,879.52 --271.06 -3.79%

Originally posted by Robtard
A 190 gain after 1,500 loss is abysmal recovery/gain by comparison.

Close today, yesterday's gains lost and sank further, another sub 20k close.

Dow 19,173.98 -913.21 -4.55%
S&P 500 2,304.92 --104.47 -4.34%
Nasdaq 6,879.52 --271.06 -3.79%

My company's stocks jumped quite a bit today despite the losses.

I think we are finally starting to see some companies (it was more than just my own) move up and down independent of the composites. Meaning, we are starting to see signs of normalcy where people are trading a bit more often based on company performance instead of mass sell-off hysteria.