Consistency, logic, reason. Is that too much to ask?
Last week it was off by nearly 4,000 points due to the bad news of Coronavirus. Over the weekend, the news of the spread of the virus got markedly worse. But the stock market it up 400 points right now. WTF?!?
I realize it can all slide into the shitter tomorrow. But what the fuck is all this bullshit explanation for it sliding last week worth if the disease is progressing? What, is the patient suddenly feeling better? And don’t give me that horseshit about “bargains”. If the news is getting worse, who are these motherfucking bastards who are suddenly looking at the bright side of life? Aren’t they the same panicky fucks who were selling everything last week?
Who is responsible for this monetary mockery of a farcical shit-show? That’s what I’d like to know.
That’s why I don’t bother following day-to-day market fluctuations. Who the fuck knows. You can easily explain it away with “the market thought it had over-corrected/over-sold last week” or some shit like that. My view is that people get paid to come up with reasons for the market going up and down from day to day because people want to hear “reasons”, but looking at the market each day also contains a lot of chaos/noise, so just by the principle of a “random walk” you’re going to get fluctuations that don’t necessarily directly correspond to news. Look at the long term trend. The market falling 4000 points is a pretty good sign that investors are worried. The fact that it’s up today is just a blip in the short-to-medium-term trend. (And, personally, with the market having fallen 4000, if I had any extra money to invest beyond my normal investment schedule, I probably would throw in a bit more money into the market now.)
And that’s another head fuck. Fed lowering rates. I heard the other day that the rates are so low that money is basically free. Really? Free to whom? Sure as fuck my bank isn’t handing money out for free! Who is getting all this free fucking money?
Man I feel like kicking the shit out of Kudlow & Crame right now. It won’t fix anything but it would make me feel so much better. Like there is justice in the world.
Donald takes it seriously. I do to. I just lost Mucho Dineros. I hope to make it back in a year or two, but we could be headed for Global depression depending on how bad things go. The US is certainly doing nothing to help matters.
-Thoughts and Prayers, My Ass!
My retirement is in 401K mutual funds, and I welcome occasional dips in the stock market. It means stocks are at a discount, and I’m able to buy more stocks for a given amount of money.
How about you buy and read a book on the subject? It’s embarrassing how stupid so many on this board are with regards to finances and economics. It does explain the leftist hive here though.
A dip is one thing. Even a correction isn’t bad, if it’s driven by forces within the market and you have policies that favor stability.
But what that mega drop last week should have told everyone is that the market is overpriced - has been for a while. A lot of Americans are not prepared for a real recession, and worse, I don’t think this administration’s prepared for the possibility of one either.
Typical horseshit post from you - more whining about book-reading and nothing to refute what quicksilver actually said, which I’m not sure if it’s more ignorant or chicken-shit-like of you.
To something that might hopefully contribute to the thread…
I certainly woudn’t consider the SM all that representative of the US economy, and this two-year-old article explains that about half of US households have no investments in stocks or shares.
I thought this was paywalled but somehow managed access, but if you can’t access let me know and I’ll find more cites:
Because it’s clear half of you fools haven’t even picked up the most basic literature on the stock market yet still feel the need to share worthless opinions.
It’s obvious to even a middle schooler that the stock market has an unknowable human psychological element. It should be obvious to a high schooler that the stock market has nonlinear components. Those two factors by themselves ought to be sufficient to figure out that short term predictions are very speculative.
Again, it’s not my job to provide remedial education to those who lack the brain circuitry to process it.
First time at the playground? Markets aren’t always rational. The futures were heavily down on election night when Trump was elected and then closed highly positive that day.
When people talk about the “cost” of money like that, they typically mean the interest rate on loans or something similar. In a sense, you’re paying to use someone else’s money to do something, and the “cost” of that money is what you paid in interest.
Meaning that when you say… take out a mortgage, you pay the seller immediately via the money from your loan, and then pay the lender back in installments with interest. The cost of not having to have that money up front is that interest. So if “money is basically free”, they’re saying that you can get loans and pay them off with very little interest to be paid.
As far as the stock market fluctuations are concerned, think of it this way- it’s a crowd sourced aggregation of what a bunch of stock traders think is happening at any given moment as reflected in the value of some particular stock market index (basket of stocks). And that value is determined by what people will buy or sell those stocks for as reflected by what people ARE buying and selling them for. This can mean multiple things- some sort of concern (good or bad) about the soundness of a business, concern about their future plans, or it can mean just generalized concern about the national or world economy in general.
So if you go out there today and look at individual stocks, you might see something like the stocks of surgical mask and disinfectant manufacturers being on an uptick, and stocks for Chinese tour companies on a downswing.
I wouldn’t sweat it- it’s generally unimportant in the short term, unless the bottom falls out in a more drastic fashion than what we saw.
On election night, the markets thought that evil woman would win and start a war, so they were all…
But on the following morning the markets learned the very evil but stupid man won and he’ll cut taxes and regs and give every CEO a gold pony so they were all…
We get that, and so, along with the dismal SM fiscal representation (only half US shareholders - not too fully representative, I’d say) we’re getting way too ridiculously a volatile stockmarket now.
I’d bet the Coronavirus might have still some more to say about that.
It was a rant. I was ranting. I get how the market works.
It just so irrational that I find it a miracle it works at all. (For various values of “works”.)
Apple was one of the biggest losers all through last week. I get why. Supply chain and manufacturing interruptions. Uncertainty. Perfectly logical. Come today, at least earlier in the day, it was among the biggest gainers. Was it because they worked really hard and solved their supply and manufacturing risks over the weekend? Fuck no! It was just up because, bargain! So fuck off with that supply chain and manufacturing bullshit scare the week before. Speculating automatic algorithm wankers.
