Cometh the day when we have no choice but to use our 1st edition Charizard’s as toilet paper because toilet paper is rarer!
That aged VERY poorly
Queue more “reassuring” emails from my retirement funds. The USA completely botched our response to this.
Wall Street on fire 
!
no worries everyone, i just double downed on puts which means that we will be seeing new all time highs this evening!
To be fair, no one saw Saudi Arabia trying to bankrupt Russia
Oil is Charizard for boomers 
Glad I sold off 75% of my portfolio, I’d be down thousands if I listened to the people telling me to hold and ride the wave.
Literally every booster box I’ve been planning to buy has gone up like 30% in a week! Now I’m going to have to cash in my Gem Mint 3 ply cushioned toilet rolls. Fml the things I do for pokemon.
I see it the other way, no one saw Russia and Saudi Arabia playing a big role in USA election year.
Russia wants to drop oil enough to make US shale unprofitable. Which hurts the US economy, which hurts the sitting president. Which is funny because all heard last several years is they are trying to get the sitting president reelected.
I certainly didn’t anticipate the “oil effect”. I was only referring to the coronavirus effect. Nobody even mentioned the Saudi/Russia situation. Let’s see where we are in 6 months.
Maybe not but anyone with any actual knowledge knew that the economy had been in trouble since September when the Fed had to jump into the repo markets and save the day. The virus and now the oil war are nothing more than events that are exposing all the lies of this false economy.
We witnessed the biggest ponzi scheme in history over the last decade it couldn’t last. Sub 25k dow was inevitable and id say we are no where near the bottom. I wont be shocked if it goes sub 20k even sub 15k.
The whole system needs a reset to flush out all the mess created from poor monentary and fiscal policies over the last 3 decades.
They are lambs to the slaughter who are tricked into providing liquidity all the way down as the last of the smart money gets out.
That was nothing more than the plunge protection team trying to stop the leaking boat from sinking. The Fed increased its balance sheet last week by 80 odd billion. To put that into perspective during QE1 they were increasing it at 80billion a month. It is pure lunacy what they are getting away with.
If you realized how soccer games are now being played in front of ZERO fans in Europe and now they are thinking of applying it to baseball and other sports…and how empty flights are becoming…and how many events and meetings and travel plans are being eliminated…you would know that the economy is in for a large downturn, didn’t matter about oil. Oil is just a nail in the coffin - if the virus doesn’t somehow pass soon or a worldwide vaccine is discovered. Italy is now officially countrywide quarantined. My wife’s work won’t allow more than 10 people in a room, my company is cancelling big events. My gym has fewer and fewer people in it. I know several older people (my parents included) who don’t want to eat out at restaurants, a few million people think this way…wow. Enormous economic impacts.
Remember, this time it is different, people talk about SARS and Avian bird flu - that was pre social media. That was pre everyone being connected and fear was a lot easier to contain. This is different - even if this is does cause less deaths than a normal flu, the sharing on social media of empty stadiums, flights, conference rooms, etc reaches far and wide and fear can start to become reality. I know serveral older people who don’t want to eat out at restaurants, a few million people think t
You only need to roll a small snowball down a mountain to cause an avalanche.
Holy shit your guys comments make me want to advise my dad to get rid of every stock he owns lol
This is true. 8 weeks is about how long China started to increase production, shipping again. My vendors are not all at 100%, but they are shipping better than they were. Of course this can change.
This either passes in about 8 weeks and there is a strong 3rd and 4th quarter. Or it doesn’t and it is a very long year.
The bigger long term could be the oil. Putin doesn’t care if he is making as much per barrel. He is still making something. Saudi doesn’t seem like they are backing down. This leaves America and the shale oil, Putin’s target, out of work.
If you (or him)is a long term investor no need to panic at all. I’m only 29 and put a set amount in the stock market monthly. Stock Market goes up and down. I’m just buying the same stocks I own at discount right now. Long term it will bounce back and some…