It’s done along with the other tankers, the peak is gone along with contango hype. You might get more dead cat bounces on the way down but it’s unlikely to recover.
Ian Richardson
SHOW THE MONTH
Ian Cook
>The Labor Department said Friday that the economy shed more than 20.5 million jobs in April, sending the unemployment rate to 14.7 percent — devastation unseen since the Great Depression. >Dow Jones +1.2%
Well yeah have you had a government official ask you If you were currently employed? Me either. Who the fuck knows how many people aren’t working they pull the number out of their ass.
Christian Ross
Had it not been for covid I'd probably be up 50% by now. Sadly only 11%. Still beating the shit out of the market though
The interesting thing about unemployement is once the PPP loans expire and the companies get their loan forgiven, they'll layoff more people. Some of those people they couldn't afford without the loans anyways, and if the total economy slows then they'll have less need for those people
RTX is actually having some slight positive action pre-market. I'll probably ride it out till noon and see where we're going. Did great swinging last week until Friday and had a bad week this week. Trying to end it on a positive note!
I refuse to believe you’re getting your shit rocked every day faggot
Sebastian Cox
Guys, I have the perfect clown market play. JCP Jun $1c It’s the pure embodiment of everything that’s been going on here lately
Aiden Thompson
Am I a retard for buying as many cheapies as I can, literally putting all my income into stocks while maxing out my credit card, in hopes that they rebound in the future? I think the potential of my portfolio mooning is greater than the possible interest incurred on my credit card payments that will take me months to pay back anyway. I'm partially unemployed, yet all my income and neetbux goes to stocks now.
Cameron Peterson
all of those jobs are coming back within a couple months market forward looking
Luke Ramirez
>female unemployment, hispanic unemployment, rate and un-educated unemployment went up more than average
How have people not figured out that the market, and the economy, aren't synchronized right now? The market in March, at it's lowest point, represents the economy at mid may. The market right now, is representing the economy as if it were mid July, aka, into a slow recovery where the worst is over.
Cooper Taylor
I'm buying calls since my puts are going to lose another 30%+ at open, fuck this market.
Luke Sullivan
Yeah somewhat retarded but smarter than people who max their credit out on tvs and onlyfans and cars. Least there’s a chance of some upside
Aaron Cooper
This but unironically. Companies are trimming their excess staff and least productive people.
Asher Price
credit card rates is 25% per year you retard
Adrian Gonzalez
Plunge protection team
Jaxon Robinson
yikes
Wyatt Williams
>>Dow Jones +1.2% BASED BASED BASED !!!!!
Camden Morgan
It's a new credit card, with 0% APR for the first 15 months or something.
Levi Baker
What is the interest rate of your credit card?
The problem is recovery of those stocks, which probably aren't even at the bottom, make take years. I mean in 2008 it took like 5 years to break even on average. I doubt you'd outperform what the interest rate on your card would be.
