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I don't know what's more embarrassing. Happeningfags being wrong everyday and just hitting the reset button as if no "happening" was ever claimed. Or the fact happeningfags posts frogs, type in all caps, and believe in meme magic.
Either way, these threads are 100% embarrassing.
This so fucking awesome, its actually happening. China crashed, russia on -5, we breached 16k and its still going down.
Though the feds are probably going to try their hand again, there is speculation that even they may be at their limits.
>there are people that still believe the market isn't controlled by the richest fags in the world
they're lowering it so they can buy cheap again idiots
Dude fuck off, a small happening has already been confirmed.
Whether or not it will breach the mythical /pol/ standards for happening (riots on streets, no food etc.) remains to be seen. But it reached -3% in the premarket. At -5% you would have enough reason to go to your nearest store and buying up all the canned goods.
ITS ON THE FUCKING NEWS I REPEAT THIS IS A HAPPENING!!!!!!!!!!!!!!!!!!!!!! EVERYONE GET THE FUCK IN HERE NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! STOCKS ARE GOING TO CRASH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>tfw neet and knowing you won't gain anything good from this
God damnit /pol/, stop the meme magic. I have investments, please don't ruin my investments
>there are literally people that saw this post and started scrambling to sell their stocks
Who here has Gold? Peter Schiff is right again!
Trump is greater then Hillary and Bernie!
Just calm down already. You are panicking everything.
Look, read at this. Global players are positive about the future, it's okay.
It's not just about this day alone, but the whole 2016 so far.
Shut up Brother, like our reputation wasn't bad enough we have an idiot who can't into ID's
The only people who panic are poor fags with less than 100k in investments :^)
If you don't have a self-managed IRA/401k you're going to get BTFO by the market consistently during bear markets.
Kramer even said we're in a bear market, expect declines of another 10-15%
That the markets move a lot in the first few minutes always happens. It's correcting for news and shit that happend while it was closed. So it is -2% since it closed yesterday, NOT IN 5 MINUTES.
I was up about another 5%, didn't sell and I lost about 4% before I sold earlier this week. I'm staying away from stocks for now.
I was up to 150k in November, wish I had sold then desu
Been considering doing mostly bonds in my retirements Roth IRA and IRA accounts because its less volatile and you get semi-annual income.
looks like someone wanted to keep the dow above 16000 no matter what.
of course a happeningfag manchild would have world of warcraft open in a different window
It's not a "happening", but the Dow and other stock markets are going to be incredibly volatile as long as the world economy is trending like it is now.
It's a feedback cycle between cheap oil, the Chinese bubble deflation, and the Dow reacting to both. Each is helping feed the other.
>30 biggest companies in the fourth largest economy in the world
Also those 30 biggest companies without a doubt correlate with pretty much every other german company.
>only the 30 biggest companies in germany.
how does that not scare the shit out of you? your countrymen WILL be laid off within 6 months after next quarter because of this.
I though cheap oil only temporary hurt 1st world economies that have a large industry base and oil extraction industries?
Surely the extra money consumers save at the gaspump will contribute to economic activity!
I'm patiently watching my favorite stock hover around $2.00 per share right now. I'm waiting for it to hit $1.50, when it typically starts going back up to it's average high of $250.00
I may never be rich, but my retirement will be comfortable.
Wouldn't it be ironic if the world re-recessions right as Obama's about to leave office?
>Trump about to take oath
>country literally no better than it was 8 years ago
>still blaming Bush
0% INTEREST UNTIL THE SYSTEM DIES
0% INTEREST UNTIL THE SYSTEM DIES
0% INTEREST UNTIL THE SYSTEM DIES
0% INTEREST UNTIL THE SYSTEM DIES
0% INTEREST UNTIL THE SYSTEM DIES
>This has been ongoing since summer.
Lol, only the rich are losing money. Small fries are only losing opportunities like handing 10 years worth of wages over to bank for the "privilege of owning a home" in a urban area.
Yo who is that guy? I'm watching this and he's based as fuck.
He's dropping redpills left and right. That one fucking kike was like "hurr people will spend moar due to low gas prices" and British dude was dropping the, "PEOPLE AREN'T SAVING MONEY DUE TO THE RISING HEALTH CARE COSTS" and other shit.
SHUT THE FUCK UP FAGS IT ISN'T HAPPENING!!
I JUST GOT A GOOD JOB AND QT3.14 WHITE ARYAN GF!!
A vast majority of investors are not big businesses or the wealthy, but small, single investors with retirement plans; 401ks and IRAs, mostly.
Most people think they're little guys, and, just like you, that the market won't effect them. They don't pay attention to their investments and in crashes, they lose the most.
Yeah, it would suck to be saving enough money now for it to actually be worth a damn when you retire.
This is actually the time you should be invested and saving aggressively. But, hey, shortsightedness for the win, I suppose.
I think you missed my point; only those who have the extra income to invest are getting hurt. Hourly workers and the middleclass are not that affected by this stock drop since their share of the market, retirement funds will be put back to profitability out over time.
>Are you aware of the effects the 1929 crash had on the little people?
Yes. However it's not 1929 dickhead.
IT'S 2016 AND THE US GOVERNMENT IS TOO SMART TO MAKE THE MISTAKE OF BURNING FOOD, NOT HELPING STARVING CITIZENS AND HAVING BANKS GO UNDER TAKING EVERYONE'S MONEY!
Americans almost went communist/fascist during the great depression. The people in power will steal from their own before the even allow the poor to starve in this country and risk a upheval again.
Did you read the original comment?
>Is it safe to assume that more common men are playing the markets today, then maybe even 10 years ago?
As in people trading on the side. Not professional traders. Everyday men with stocks.
>extra money to invest
Most investors are hourly workers putting %3 into their retirement plans every check.
How much fucking money do you think it takes to start a retirement plan? The middle class gets hit the hardest precisely BECAUSE they don't have extra cash floating around to absorb loss.
>Yes. However it's not 1929 dickhead.
They think it could be actually.
We never really recovered from 2008, people are still getting poorer.
Only you don't see soup kitchen lines anymore because it's done discreetly, and you can blame shops closing on the internet.
We expended our ammunition during the last recession and things didn't recover enough for that to be an option again, which means the next crash will be a financial disaster.
It won't happen boys, I'm sorry. I truly am. It's just a slow dimming of the flame.
Just in case
Except this is the real world and drops that big mean jackshit. No one is going to starve due to the chinese stock bubble. No one starved during the 2008 crash which was a lot bigger than this has even potential to ever be.
>Canned food is a solid investment either way.
Seriously, it's an investment now, why not buttcoins and sugar why we are at it.
This is why no one takes you retards seriously.
This is going to be worse than 2008, way worse.
I would literally sell what you can in the next 2-3 months, because this is the year the bottom is going to drop out.
Stock up on ammunition, storable food & medicines. These become invaluable during catastrophic economic collapses.
Make sure you have a go-bag and a group of friends and family that you can regroup with if shit gets really bad.
Here is some good reading on what life in a crashed global economy will look like, from someone who lived through their country's economy literally imploding;
If the stock market actually crashes what does this mean for the job market?
I'm trying to get a software development job with no luck and I have 4 months until I graduate.
The great recession was signaled by the great quant meltdown of August 2007. The first generation of fully automated algorithmic trading strategies all contained terms for real estate property values, because, among other things, homeowners were using their houses like ATMs.
When those math models failed, they failed spectacularly. That was really the canary that died in the coalmine. Bear and Lehman and AIG were downstream casualties.
Stocks in the Great Depression only dropped a little over 10% a day. A 5% drop is significant if it keeps happening regularly.
We're now experiencing regular 2-3% drops. It doesn't take much for it to pick up speed.
Some advice from a guy with 20 years in the industry.
Make a looking for job app that aggregates jobs in your local area, with adds in it. Put it on the marketplace for free or a dollar without adds.
You will make more money that way, because you are not going to have a job and neither will anyone else, but at least you can make money off all of the people looking for work.
If the American economy drops-out (as many have already predicted it will) there wont be a job market.
If you can get a job now, look into something in construction or a skilled trade.
There will be millions of unemployed and unexperienced college kids fighting for menial jobs, you need to become skilled labor and you will put yourself above and beyond the college-educated masses.
Learn how to pick locks. Learn the local police response time. Learn how to set up distractions in one area of town to tie up the police so you can do things in another area of town.
Learn the surveillance mapping of your local area (that alone will be valuable and can make you a ton of money selling that). Set up tin can wifi sniffing so that you can find any unsecured wifi in your area and use that to go online.
Hmm what else. Try to learn who are the local drug dealers and their suppliers/grow ops. Make friends with people in the police dept and other local government. Surveil them to ensure compliance or favours etc.
Basically prepare for an actual police state
What do you mean by a job app that aggregates jobs with adds?
This is what I feared. Do you need training to do construction? I'm thinking about grabbing a construction job if I don't get anything and continue developing on the side until I can find work.
So also can someone explain, when you buy stock in say...nasdaq, you are not buying stock in any company but more a conglomorate of stocks/companies and you reap the benefits or losses based on those included stocks combined average (like the s&p 500)? So investing in similar stocks to your post is sort of like investing in a countries economy as a whole?
CNBC during market hours is probably the most objective news station compared to the fox, msnbc, cnn, etc
But make no mistake they still shill 80% of the time so don't get too excited
I recommend listening to Bloomberg radio
We aren't anywhere near a scenario that is close to the GD
If you want to make money, from this panic sell short stocks.
In the future when you want to make money in the long term buy stable oil companies, not drillers most of them will go banktrupt and it's too early to say which ones will remain.
Oil price is always tied to politics. Remember that and you can make money like I did when shit hit the fan due to Ukraine.
The weird thing is I'm very skilled. I had an internship in ASP.net C# development, have dabbled in iOS development and data analysis with mysql and python. I have a 3.1 GPA, I just can't get past interviews because I stutter on the behavioral parts.
I've applied to a bunch of banks and credit card companies.
What I did was essentially start as a unskilled laborer / construction worker, and throughout the years, my job my employer gave me pretty valuable training and experience in various shit.
I also took Community College classes in Plans-reading and Construction management that got me promoted to a management position at the company.
If you live on East Coast USA, construction jobs are booming and you are guaranteed a job as long as the economy does not totally collapse.
Look into trade schools and/or apprenticeship positions in HVAC/Carpentry/Plumbing/Electrical.
Write a cell phone app, that aggregates job listings according to the area that the person is in. Put adds in it (adds give you passive income) or have an "upgrade" that takes the adds out for a dollar.
Yes. Kinda. The stock market is not the economy, but it is the sum of predictions for the economy. Stocks almost always overshoot both up and down.
The exchange traded funds (ETFs) for the major indices maintain their tracking to the index by owning shares (real shares) of every company in the index, weighted by the same formula the index uses. So if you own SPY, you own a little bit of all 500 companies in the index. In your countries currency. That last part is important.
If you believe that the Korean Won will go down versus the USD, then the trade is to buy dollars, then buy stocks in dollars. If you believe the Won will strengthen against the dollar, then buy stocks in Won.
Could curry loli have prevented this?
hey boys woke up from a nap, market still crashing?
Again, thank you /pol/ for making me sell all my index fund shares because of the September meme. I saved a lot of the money which my parents wasted on me.
Same here. I almost put $30k into a vaguard acct in August.
Kinda stupid to try to time the market when it's a long term investment but hey, if I bought then I'd be down a lot
im going to die a poor man
>not believing in /pol/'s meme magic
This >>61082827 guy wouldve lost a fuck ton if he didn't. I bet you trust /biz/ top kek
I don't really understand why so many in the u.s. are flipping the fuck out of low oil and China slowing down. I think both of those things are good for the u.s.
Low oil means cheap gas, means American consumers get more money for themselves and less for saudi faggots etc. How is that bad? Especially because cheap oil hurts our enemies a lot more than it hurts us.
Having Venezuela, Saudis, Russia, Iran collapse due to their over reliance on oil to pacify their dumb population would be great. Then we could have expensive oil that goes to u.s. industry.
A slowing China has the same possibility. Social unrest, though it'd more easily fuck the u.s. economy for awhile I would think we could recover. Gives more focus to u.s. industry or we just shift to some other shithole like India to make our pencils for us.
Tldr, I don't understand why the stock market is crashing here.
were all going to with the ship, we rule the waves or no one does
Whatever. Wake me up when it gets bad enough that we actually see something tangibly change. Everyone will still go to work tomorrow, and all the /k/ fags will still be clutching their guns waiting for some apocalypse while practicing in DayZ or whatever.
> Tfw invested in VIX tracking funds at the beginning of the year for about $18 / share.
Feels good man.
>tfw working with Chinese anyone in their US accounts.
Feels good mang.