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Will this go lower than the last Corona low?
Jose Lopez
Charles Williams
I don’t think so. Corona was a real game changer to the world and our society. Only things happening right now are just petty riots.
I don’t expect to see it dumping past 24,000
Lucas Lee
First those normie retailfags gotta shaked out.
This will happen at -40%.
Then we can buy back in.
Josiah Taylor
the market has been going up in a straight line for 3 weeks. The country is reopening, corona is forgotten. No rate hike through 2022, $80B / month for the forseeable future. SPY support at 290~, as long as we hold that we're fine. If we break below it's gonna be a painful couple months, but I don't think we're setting a lower low. It might be a 'W' shaped recovery though.
Caleb Thompson
doubt it, it looks like its recovering bit by bit and there is insane support at 9k
Noah Evans
No but it will last much longer.
Jonathan Sanders
this is the killshot
Isaiah Clark
it's possible with the spikes and the start of wave 2
David Morgan
Ok boomer
And what about the european bank that are on the verge of bankruptcy ? the European banking system will collapse and it's a matter of weeks or months at most.
If a single French bank fails (like BNP Paribas) the entire European system collapses and by extension the entire American system. To project oneself like that until 2022 under the pretext that the unlimited fed QE works is ignorance. This shit is not meant to last.
Daniel Sanchez
isn’t euro banking far more dependent on the Americans than vice versa?
Alexander Cooper
everything is so interconnected (interbank market etc) that if a few European (or even Japanese) banks collapse, the American system will follow the shitstorm
Nathan Jones
The ECB is copying the FED. Unlimited QE. Obviously this cannot last forever, but what comes next? As a betting man I'm banking on stock market ATH for Trump's reelection, followed by the overt nationalization of the FED and a return in the US to hard money. This naturally sounds ludicrous, but consider trying to explain the past six months to yourself in mid 2019. The alternative is a complete global financial meltdown and a global great depression. I honestly think that Trump will do whatever is necessary to avoid this. (This also likely means WW3)
Lucas Bell
I hope the Dow/NASDAQ/S&P all drop to half what it is now.
Ayden Martin
I didn't fully jumping for the corona shutdown, when will hit the low of the low?
Jonathan Green
sp500 0
total collapse of society
Jace Thomas
Maybe it will, maybe it won't. Friendly reminder: no one can predict the future.
Matthew Ross
Who's "we"? You got a turd in your pocket?
Hunter Allen
Josiah Martinez
This. The virus was a nothingburger. The protests are a nothingburger. This whole country just wants to get back to work and get back to normal and nothing will stop that.
Adam Wilson
y git back to work u fkin slave
Camden Murphy
I know that man, but plumber Joe just wants to go back to being elbow deep in shit. That's how he defines his existence and if you take that away from him, he doesn't know who he is. He rather be elbow deep in shit then not know who he is.
Wyatt Nelson
lol, knowing that is exactly the kind of thing that depresses me.
I hope that one day people will wake up and realize that their lives are empty and inhuman and that this global system must be destroyed
Ethan Williams
Probably not, but the magnitudes of moves are the most unpredictable element of the market. Overall direction and trend gets telegraphed fairly clearly and objectively. Is it going down? Is it going up? Basic and easy questions to answer. There's no reliable way to measure magnitude though.
Because of that if something decent is going down you buy it. If it goes down more, you buy more of it. When it goes up, you start selling it. You don't know how long it will go down for, you don't know when it will turn around, you don't know how far it will carry on in the other direction. Select the right stuff and size correctly and you generally won't have to worry over the long term.
Jacob Bennett
Maintaining societal necessities isn't meaningless. Your life is, though.
David Smith
I have no idea, but I want to see what happens in the fall when shit hasn't improved and we see a real second wave coming. You never know, so just buy when things look shitty and hold since we are all kids anyways
David Mitchell
Yes. Corona drop was based on fear and didn't reflect the actual economy, this drop will.
Adam Green
>new virus enters the scene
>puts whole economy to a halt
>no planes
>no tourists
>all industry shuts down for 2 months in Europe
>corona hits jew york hard
>no flattening on horizon
>40 million Americans out of work
>policeman kills aspiring porn actor
>chimps chimp out
>make Minneapolis Niggeropolis again
>DOW falls 5%
I DON'T GIVE A SHIT ABOUT YOUR FUNNY MONEY !!!
There is no fucking chance that a complete halt of travel, 2 months halt of production with an extreme consumption reduction, riots and a virus that forces you to close your facility for a month if any worker so much as sneezes yields only a 5% drop.
President will hold a speech and it will go 8%,12%,20% or "as much as it needs to get on 0 again" on monday.
I imagine someone just opening excel sheet typing 1 and holding 0 for as long as he can
Hunter Mitchell
Moshi moshi is this based department??
And am i speaking to Mr.Red-Pilledovski?
Owen Roberts
Yes
Everything is still shutdown sweetie pumpkin cupcake
Jonathan Turner
do you really think this i because of the riots?
the riots started like a week ago, the dip is probably more related to the fed running out of steam.
Thomas Thomas
Fed running out of steam?
>You have not yet witnessed my power padawan
David King
At this point I believe the end game is to eliminate all bulls. When I see major economic news networks release statements like "today's rally signals a bull market!" I become convinced that the entire world is colluding to create the biggest slew of bull traps the world has ever known.
For what? Strategy? Sacrifice? Revenge? All I know is that you have to be completely delusional to buy into this nuclear wasteland of a stock market right now.