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Lobby General Discussion topic #13369212

Subject: "Market is tanking" Previous topic | Next topic
legsdiamond
Member since May 05th 2011
67178 posts
Thu Feb-27-20 10:57 AM

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"Market is tanking"


          

That is all.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Topic Outline
Subject Author Message Date ID
You know why.
Feb 27th 2020
1
It's because the Democratic debate
Feb 27th 2020
2
... As the President sues a media outlet.
Feb 27th 2020
3
Proves once again the amrket is only a barometer how how traders feel th...
Feb 27th 2020
4
algorithms don't have feelings.
Feb 27th 2020
6
      Not all trades are algorithmic
Feb 27th 2020
7
      But they do have biases.
Feb 27th 2020
11
We're living in China adjacent
Feb 27th 2020
5
Prepare to buy then right?
Feb 27th 2020
8
Yup.
Feb 27th 2020
10
10% drop in 8 days right?
Feb 27th 2020
9
Almost half way back in one day. Dow Jones up 5% today
Mar 02nd 2020
12
it'll drop again once the virus spreads more in the U.S...watch
Mar 02nd 2020
13
      Dropped 700
Mar 03rd 2020
14
           yup, and it will recover a bit, then drop again
Mar 09th 2020
40
Good
Mar 03rd 2020
15
Tomorrow looks like it might be a bloodbath.
Mar 08th 2020
16
Oil falls 31% in one day. Russia + Saudis start a price war
Mar 08th 2020
17
If this is what I've been reading,
Mar 08th 2020
18
Gotdamn this is ugly.
Mar 09th 2020
19
dow opened and tanked 1800+ points in minutes
Mar 09th 2020
20
I know next to nothing about reading the financial markets
Mar 09th 2020
29
      Mortgage rates are at an all time low. It's the best time to buy
Mar 09th 2020
30
           So banks
Mar 09th 2020
32
Wtf. This has to be more than CoronaV
Mar 09th 2020
21
OPEC related oil selloffs.
Mar 09th 2020
26
Yup. Why now? I’m not in this deep but...
Mar 09th 2020
27
      could be demand dropping due to less travel etc.
Mar 09th 2020
28
           So why would the Saudi’s release more oil and bring down prices furthe...
Mar 09th 2020
35
                To punish Russia
Mar 09th 2020
37
                     Gangster shit.
Mar 09th 2020
42
The sensationalistic claims I've been reading,
Mar 09th 2020
34
they just gave the market a 15 min time out???
Mar 09th 2020
22
Didn’t this happen in 2008 with the housing crash?
Mar 09th 2020
23
      if it hits 20% trading will be closed for the day...
Mar 09th 2020
24
           This is the first time since 2008
Mar 09th 2020
25
If Trump continues to really fuck this up, Biden will luck
Mar 09th 2020
31
As much as I despise Trump
Mar 09th 2020
33
      Trump said he should’ve been a doctor
Mar 09th 2020
36
If only there was a candidate running on reeling in
Mar 09th 2020
38
https://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=1337...
Mar 09th 2020
39
−2,013.45 (7.78% drop) closed at 23,851.33
Mar 09th 2020
41
trump is always the victime
Mar 09th 2020
43
Back up almost 5% today
Mar 10th 2020
44
It shows what a scam it is
Mar 10th 2020
45
      too bad all the candidates that address wall street corruption
Mar 11th 2020
47
           This ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Mar 16th 2020
73
           Maybe they should take the issues more seriously
Mar 17th 2020
86
                Who is the 'they'...in your deflection?
Mar 17th 2020
87
                     It was T Reynolds who invoked "all the candidates who address Wall Stree...
Mar 17th 2020
90
                          So you can’t name these so called people on the fringes?
Mar 17th 2020
101
                               Again, I never accused anyone of being 'on the fringes.'
Mar 17th 2020
102
definitely been buying
Mar 11th 2020
definitely been buying
Mar 11th 2020
46
Trading halted for 2nd time this week
Mar 12th 2020
48
My crypto really took a hit...wow...
Mar 12th 2020
49
thank jebus i dont need those accounts for another
Mar 12th 2020
50
Right?
Mar 12th 2020
51
Down 10% today. Worst day since Black Monday in 1987.
Mar 12th 2020
52
Trump bullied the Fed chair. Fed chair caved. Market still tanking
Mar 15th 2020
53
Doesn't it also means we have no more tricks left to goose the economy?
Mar 16th 2020
55
Trump is a fucking bungler of immense proportions that will never
Mar 16th 2020
64
Trump is a fucking bungler of immense proportions that will never
Mar 16th 2020
65
Trump is a fucking bungler of immense proportions that will never
Mar 16th 2020
66
Trump is a fucking bungler of immense proportions that will never
Mar 16th 2020
67
dow hit the circuit breaker immediately at opening.
Mar 16th 2020
54
i see more econ experts warning of a *depression*.
Mar 16th 2020
56
to put things into perspective:
Mar 16th 2020
57
damn...
Mar 16th 2020
58
i definitely think the virus needs to be attacked like a war
Mar 16th 2020
59
      def gonna have to reconfigure some supply chains.
Mar 16th 2020
60
           Wish we’d do it for ventilators.
Mar 16th 2020
62
                we are gonna have to do it for them too.
Mar 16th 2020
63
                No I mean now. Like I spent half the night trying to volunteer
Mar 16th 2020
78
                but there wouldn't be enough techs to run them
Mar 16th 2020
68
                     gotta start training folks
Mar 16th 2020
70
                     That’s a downstream problem.
Mar 16th 2020
79
                          true. tech is the limiting factor. ppl need to be put into the pipeline....
Mar 18th 2020
130
We were too dependent on China
Mar 16th 2020
61
yep and look at us right now.
Mar 16th 2020
74
You have only Nixon and Clinton to thank for that.
Mar 28th 2020
137
UPDATE: CDC recommends no gatherings of 50+ people...
Mar 16th 2020
69
NYS shutting everything down...
Mar 16th 2020
71
.
Mar 16th 2020
72
This is why 401ks are a BAD IDEA
Mar 16th 2020
75
Market goes up, market goes down
Mar 16th 2020
76
You mean like people who are retiring???
Mar 16th 2020
80
      Shouldn't they have adjusted their allocation then?
Mar 16th 2020
84
           True, true
Mar 17th 2020
85
                See, IMMEDAITLY blamed the victims
Mar 17th 2020
88
                     100.
Mar 17th 2020
89
                     I mean, thats what the stock market does
Mar 17th 2020
91
                     Dude ain’t say a word when the market was going up and up
Mar 17th 2020
93
                     You’re the one screaming about 401K’s during a pandemic meltdown
Mar 17th 2020
92
                          These are the things he said that are important:
Mar 17th 2020
100
                               I’m not an expert... lol
Mar 18th 2020
103
mine is pretty low risk
Mar 16th 2020
77
Down almost 13%. New worst day since Black Monday
Mar 16th 2020
81
i might be tired of winning
Mar 16th 2020
82
RE: Market is tanking...errytime he’s on TV
Mar 16th 2020
83
Short Sellers have to be making a killing
Mar 17th 2020
94
Might have to jump on a cannabis stock once things settle
Mar 17th 2020
96
      RE: Might have to jump on a cannabis stock once things settle
Mar 17th 2020
98
           It would be a small amount. I’m not an all in type of guy
Mar 18th 2020
104
Also the only way to survive the market over time is the Warren Buffett ...
Mar 17th 2020
95
I use M1 and buy at least $10 worth of stocks every week
Mar 18th 2020
108
What happens if the markets are closed?
Mar 17th 2020
97
That's a great question.
Mar 17th 2020
99
      im more asking how relevant is the market during something like this
Mar 18th 2020
105
      What do you mean? Why would trading be any more/less relevant now?
Mar 18th 2020
106
           the economy has changed
Mar 18th 2020
107
                Markets just reflect information
Mar 18th 2020
118
                     is there any event that would warrant closing the markets?
Mar 18th 2020
119
                          In my opinion, yes. An event that affects the ability to trade
Mar 18th 2020
121
                               i hope im just overreacting
Mar 18th 2020
124
                                    You'd definitely have normal access to checking accounts
Mar 18th 2020
125
                                         oh, i misread
Mar 18th 2020
127
      theres the floor
Mar 18th 2020
122
           That's pretty wild.
Mar 18th 2020
123
           Everything happens electronically already. This won't change anything
Mar 18th 2020
128
                another thing that this pandemic is pushing forward
Mar 18th 2020
129
           Not much happens on the floor these days
Mar 18th 2020
126
Wasn’t +20K DJI the record...under Clinton?
Mar 18th 2020
109
Nah, it was like 11k at the end of the Clinton years.
Mar 18th 2020
114
No.
Mar 18th 2020
115
Why they show the stock market screen while Trump speaks?
Mar 18th 2020
110
All press conferences should be discontinued
Mar 18th 2020
113
it aint the stock market screen while trump speaks.
Mar 18th 2020
117
Trump has now completely lost his stock market gains.
Mar 18th 2020
111
10k point drop in a month for the 1st time ever.
Mar 18th 2020
116
VladStocks: What Can Be Done During a Stock Market Crash
Mar 18th 2020
112
as in DJ Vlad?!
Mar 18th 2020
120
smh, the fuck is this?
Mar 26th 2020
131
2 Trill dead cat bounce.
Mar 26th 2020
132
Bill Ackman
Mar 27th 2020
135
      made 2.5 Bill
Mar 27th 2020
136
I expected a bounce after the stimulus package but I’m shocked that
Mar 26th 2020
133
      The unemployment stuff isn't new information
Mar 26th 2020
134
Market (SP500) is back to Oct 2019 levels
Apr 29th 2020
138
ha i was thinking about this thread the other day
Apr 29th 2020
139
we are still pumping money into the market.
Apr 29th 2020
140
S&P500 back to Feb 28, 2020 level
May 20th 2020
141
The vaccine news really gassed people up
May 20th 2020
142
      INSANITY
May 20th 2020
143
           They are cooking the books and using lapdog doctors to push
May 20th 2020
144
                Moderna announced their clinical trials.. then sold 30 mill in stock
May 22nd 2020
145
                     that shit is VERY ILLEGAL
May 22nd 2020
146

flipnile
Member since Nov 05th 2003
12718 posts
Thu Feb-27-20 10:58 AM

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1. "You know why."
In response to Reply # 0
Thu Feb-27-20 10:59 AM by flipnile

          

Time to make those Costco and Weedman runs to stock up a bit.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Thu Feb-27-20 11:03 AM

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2. "It's because the Democratic debate"
In response to Reply # 0


  

          

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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Kira
Member since Nov 14th 2004
28261 posts
Thu Feb-27-20 11:29 AM

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3. "... As the President sues a media outlet."
In response to Reply # 0


  

          

  

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handle
Charter member
16733 posts
Thu Feb-27-20 11:30 AM

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4. "Proves once again the amrket is only a barometer how how traders feel th..."
In response to Reply # 0


          

There's no component based in logic or fact aht can be undone by how some coked up trader feels at that moment.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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double negative
Member since Dec 14th 2007
21387 posts
Thu Feb-27-20 12:15 PM

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6. "algorithms don't have feelings. "
In response to Reply # 4


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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handle
Charter member
16733 posts
Thu Feb-27-20 12:20 PM

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7. "Not all trades are algorithmic "
In response to Reply # 6


          

Traders will do what they want based on how they feel.

Then the algorithms do their thing.

But it's ALL based on feelings when the market is this high.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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Backbone
Charter member
8200 posts
Thu Feb-27-20 02:03 PM

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11. "But they do have biases."
In response to Reply # 6


  

          

They're only as good as the people writing and using them, and it looks like they can mimic "coked up trader panic" quite well.

___________________
"So this is what everybody's always talking about! Diablo! If only I'd known. The beauty! The beauty!"

  

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bentagain
Member since Mar 19th 2008
15040 posts
Thu Feb-27-20 11:34 AM

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5. "We're living in China adjacent"
In response to Reply # 0


  

          

The Morey/NBA story was fodder...but it's crazy how entwined we are with China

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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FLUIDJ
Member since Sep 18th 2002
42724 posts
Thu Feb-27-20 12:21 PM

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8. "Prepare to buy then right? "
In response to Reply # 0


  

          

  

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legsdiamond
Member since May 05th 2011
67178 posts
Thu Feb-27-20 12:51 PM

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10. "Yup. "
In response to Reply # 8


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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mista k5
Member since Feb 01st 2006
13007 posts
Thu Feb-27-20 12:31 PM

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9. "10% drop in 8 days right?"
In response to Reply # 0


  

          

this before real effects start hitting

im about to fill my shoe boxes up with cash redman style.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Mon Mar-02-20 04:55 PM

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12. "Almost half way back in one day. Dow Jones up 5% today"
In response to Reply # 0
Mon Mar-02-20 04:56 PM by PimpTrickGangstaClik

  

          

It's looking like the Fed is going to step in and help prop things up

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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Damali
Member since Sep 12th 2002
34569 posts
Mon Mar-02-20 06:14 PM

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13. "it'll drop again once the virus spreads more in the U.S...watch"
In response to Reply # 12


          

  

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legsdiamond
Member since May 05th 2011
67178 posts
Tue Mar-03-20 03:08 PM

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14. "Dropped 700 "
In response to Reply # 13


          

It’s all over the place.

Feds cutting rates.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Damali
Member since Sep 12th 2002
34569 posts
Mon Mar-09-20 03:04 PM

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40. "yup, and it will recover a bit, then drop again"
In response to Reply # 14


          

pretty much around the time when folks start seeing health systems collapse

d

  

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Dr Claw
Member since Jun 25th 2003
130730 posts
Tue Mar-03-20 03:24 PM

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15. "Good"
In response to Reply # 0
Tue Mar-03-20 03:25 PM by Dr Claw

  

          

the market is a fuckin unregulated casino as it is

I really hope I don't live much beyond 50 because this is bullshit.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Sun Mar-08-20 09:52 PM

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16. "Tomorrow looks like it might be a bloodbath. "
In response to Reply # 0


  

          

They had to set trading limits to stop prices from crashing too much. It's getting crazy on these (Wall) streets.

https://finance.yahoo.com/news/rout-u-stock-futures-trigger-221631295.html

(Bloomberg) -- Waves of selling in U.S. stock index futures triggered Chicago Mercantile Exchange limits that prevent declines from surpassing 5% from a closing reference price, as the spreading coronavirus rattled investors and crude oil plunged.

E-mini futures on the S&P 500 Index sank 5% to 2,819 as of 8:05 p.m. in New York, hitting a limit triggered when the measure falls 5% from the price calculated in the last 30 seconds of trading Friday. The curb means the contract can’t trade at a lower price for the remainder of the overnight session, although transactions at or above the threshold are allowed.

“It allows cooler heads to prevail,” JJ Kinahan, chief market strategist at TD Ameritrade, said by phone. “Particularly in the overnight sessions it’s a good thing to have because you just don’t have as many products at work. This is one rule that it’s been so long since we have seen it, but it’s proved effective over time.”

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Sun Mar-08-20 09:59 PM

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17. "Oil falls 31% in one day. Russia + Saudis start a price war"
In response to Reply # 0


  

          


https://www.reuters.com/article/us-global-oil-idUSKBN20V131

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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stravinskian
Member since Feb 24th 2003
12240 posts
Sun Mar-08-20 10:57 PM

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18. "If this is what I've been reading,"
In response to Reply # 17


          


it's more terrifying than the coronavirus.

  

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legsdiamond
Member since May 05th 2011
67178 posts
Mon Mar-09-20 07:15 AM

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19. "Gotdamn this is ugly. "
In response to Reply # 17


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Reeq
Member since Mar 11th 2013
10639 posts
Mon Mar-09-20 08:43 AM

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20. "dow opened and tanked 1800+ points in minutes"
In response to Reply # 0
Mon Mar-09-20 08:46 AM by Reeq

  

          

https://twitter.com/BreakingNews/status/1237008376737009665
-----
Dow opens down 1,800+ points Monday.

https://t.co/Rwfv4Z3jlL
-----


this shit is about to get rough.

went to open a new credit card earlier and got hit with a form 4506-t to help them verify my stated income matched my tax returns.

first time that has ever happened to me in life.

been reading on some financial/credit message boards that things are tightening up.

------

  

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Numba_33
Charter member
17423 posts
Mon Mar-09-20 10:31 AM

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29. "I know next to nothing about reading the financial markets"
In response to Reply # 20


  

          

>https://twitter.com/BreakingNews/status/1237008376737009665
>-----
>Dow opens down 1,800+ points Monday.
>
>https://t.co/Rwfv4Z3jlL
>-----
>
>
>this shit is about to get rough.
>
>went to open a new credit card earlier and got hit with a form
>4506-t to help them verify my stated income matched my tax
>returns.
>
>first time that has ever happened to me in life.
>
>been reading on some financial/credit message boards that
>things are tightening up.

but this must be the absolute worst time to buy a car or a house, which I would think Trump and his staff would have to care deeply about since that's huge for the market, outside of the fluctuating stock market.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Mon Mar-09-20 10:38 AM

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30. "Mortgage rates are at an all time low. It's the best time to buy"
In response to Reply # 29


  

          

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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Numba_33
Charter member
17423 posts
Mon Mar-09-20 10:48 AM

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32. "So banks"
In response to Reply # 30


  

          

aren't going to be tight in terms of lending their funds out due to the market being on shaky ground?

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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legsdiamond
Member since May 05th 2011
67178 posts
Mon Mar-09-20 09:10 AM

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21. "Wtf. This has to be more than CoronaV"
In response to Reply # 0


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Brew
Member since Nov 23rd 2002
19850 posts
Mon Mar-09-20 09:51 AM

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26. "OPEC related oil selloffs."
In response to Reply # 21


          

----------------------------------------

"Fuck aliens." © WarriorPoet415

  

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legsdiamond
Member since May 05th 2011
67178 posts
Mon Mar-09-20 10:17 AM

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27. "Yup. Why now? I’m not in this deep but..."
In response to Reply # 26


          

some gangster timing for an oil war.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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T Reynolds
Member since Apr 16th 2007
42007 posts
Mon Mar-09-20 10:23 AM

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28. "could be demand dropping due to less travel etc."
In response to Reply # 27


  

          

https://www.cnn.com/2020/03/09/business/oil-demand-coronavirus/index.html

  

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legsdiamond
Member since May 05th 2011
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35. "So why would the Saudi’s release more oil and bring down prices furthe..."
In response to Reply # 28


          

to get people to buy gas?

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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37. "To punish Russia"
In response to Reply # 35
Mon Mar-09-20 12:10 PM by PimpTrickGangstaClik

  

          

Russia isn't an official part of OPEC, but pretty much affiliated.

OPEC said we are going to cut supply to boost prices. Russia said fuck that, we are tired of cutting production. You guys (OPEC) cut, but we're going to produce/sell what we damn well please.

Saudis said "aight... bet". So the Saudis/OPEC are going to flood the market to crush Russia's oil industry. Russia probably can't afford to extract oil at these low prices for very long. The Saudis can because it's cheaper to produce there.

So Russia is either going to come to the table begging. Or their oil industry will collapse and the Saudis will take their market share

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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legsdiamond
Member since May 05th 2011
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42. "Gangster shit. "
In response to Reply # 37


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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stravinskian
Member since Feb 24th 2003
12240 posts
Mon Mar-09-20 11:09 AM

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34. "The sensationalistic claims I've been reading,"
In response to Reply # 21


          


revolve around the fact that major US banks have a lot of highly leveraged money in US oil companies. Supposedly Russia is taking the opportunity (presented by the virus chaos) to drive down the price of oil to break those US banks, force bailouts and inflation in the US, and undermine the US Dollar's position as global reserve currency (which is key to how we were able to get through the last financial crisis).

It all sounds a little too "Putin scheme"-ey to take completely seriously, but the dynamics are very scary.

  

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My_SP1200_Broken_Again
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22. "they just gave the market a 15 min time out???"
In response to Reply # 0


  

          

... holy shit, has this ever happened before??

-----------------------------------------
https://www.instagram.com/dj_chief_one
(Live Mixshow Thursday Nights 9PM/EST)

https://soundcloud.com/djchiefone
https://www.mixcloud.com/djchiefone/

  

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legsdiamond
Member since May 05th 2011
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23. "Didn’t this happen in 2008 with the housing crash? "
In response to Reply # 22


          

or was that when they made it possible to do it?

Pretty sure it’s been done since it’s implementation.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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My_SP1200_Broken_Again
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24. "if it hits 20% trading will be closed for the day..."
In response to Reply # 23


  

          

...this is looking like black monday '87 all over again ...i don't remember them doing this in '08 though.

-----------------------------------------
https://www.instagram.com/dj_chief_one
(Live Mixshow Thursday Nights 9PM/EST)

https://soundcloud.com/djchiefone
https://www.mixcloud.com/djchiefone/

  

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legsdiamond
Member since May 05th 2011
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25. "This is the first time since 2008"
In response to Reply # 24


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Teknontheou
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31. "If Trump continues to really fuck this up, Biden will luck "
In response to Reply # 0


  

          

into the presidency.

I've been saying for the last 3 weeks that a recession, in addition to Trump really screwing up badly with Coronavirus is the only way Trump loses. That's looking more and more likely as of right now.

  

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Numba_33
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33. "As much as I despise Trump"
In response to Reply # 31


  

          

I'm not in the boat of rooting for him to screw up with the coronavirus situation. If that's the case, I'm hoping local/statewide officials will step up to the plate and serve folks as best as possible. I suppose only the Federal government can affect the stock markets to a great deal, so ultimately that will be in Trump and his cabinet's lap squarely.

Would be wild if Trump the Deal Maker gets undone by the economy though. The dude and his base are so outside the norm that I wouldn't be shocked if the stock market cratering won't matter to them come time to vote.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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legsdiamond
Member since May 05th 2011
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36. "Trump said he should’ve been a doctor"
In response to Reply # 33


          

incapable of shutting up and letting the experts speak.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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bentagain
Member since Mar 19th 2008
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Mon Mar-09-20 12:11 PM

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38. "If only there was a candidate running on reeling in"
In response to Reply # 0


  

          

Wall Street speculation...

M4A, endorsed by coronavirus
Wall St tax, endorsed by stock market crash

But yeah, vote Biden.

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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PG
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39. "https://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=1337..."
In response to Reply # 0


  

          

https://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13371498&mesg_id=13371498&page=#13371685

  

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walihorse
Member since Aug 03rd 2006
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Mon Mar-09-20 03:06 PM

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41. " −2,013.45 (7.78% drop) closed at 23,851.33"
In response to Reply # 0
Mon Mar-09-20 03:07 PM by walihorse

  

          

If trump is going to take credit for a good market, fuck him and let him take blame for it too.

If a fat guy falls in the woods and there is no one around to see it, do the trees laugh?

  

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handle
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43. "trump is always the victime"
In response to Reply # 41


          

That's the entire Republican game.

Something goes well - you did it.

Something goes wrong - someone else did it.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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44. "Back up almost 5% today"
In response to Reply # 0


  

          

I think it's best not to look at the stock market for a while lol. Shit is a wild roller coaster

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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handle
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45. "It shows what a scam it is"
In response to Reply # 44


          

And how they shifter our money to 401ks by getting rid of pensions makes us completely vulnerable to these criminal financial people.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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T Reynolds
Member since Apr 16th 2007
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Wed Mar-11-20 09:55 AM

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47. "too bad all the candidates that address wall street corruption"
In response to Reply # 45


  

          

get relegated to the fringes of politics

  

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Damali
Member since Sep 12th 2002
34569 posts
Mon Mar-16-20 10:33 AM

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73. "This ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^"
In response to Reply # 47


          

  

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stravinskian
Member since Feb 24th 2003
12240 posts
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86. "Maybe they should take the issues more seriously"
In response to Reply # 47


          


so they aren't relegated to the fringes.

  

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bentagain
Member since Mar 19th 2008
15040 posts
Tue Mar-17-20 11:34 AM

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87. "Who is the 'they'...in your deflection?"
In response to Reply # 86


  

          

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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stravinskian
Member since Feb 24th 2003
12240 posts
Tue Mar-17-20 11:57 AM

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90. "It was T Reynolds who invoked "all the candidates who address Wall Stree..."
In response to Reply # 87


          


So you'd have to ask him who he was referring to.

I would certainly differ with his apparent characterization. Nobody has talked more about wall street corruption than Elizabeth Warren, and she's one of the most important voices in the party right now. The difference between a progressive like her and the "progressives" who get relegated to the fringes is that she takes the issues seriously and puts in the effort to understand how the system works and why.

  

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spirit
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101. "So you can’t name these so called people on the fringes?"
In response to Reply # 90


  

          


Peace,

Spirit (Alan)
http://wutangbook.com

  

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stravinskian
Member since Feb 24th 2003
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Tue Mar-17-20 10:05 PM

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102. "Again, I never accused anyone of being 'on the fringes.'"
In response to Reply # 101


          


I assume T Reynolds was either talking about Bernie Sanders or Liz Warren.

As I've already said, I dispute the characterization if it refers to Warren.

Re Bernie: yeah, in a sense he is on the fringes. He gets a solid number of votes, and good for him. But nobody who knows him seems to take him seriously. And as I said in my first response here, I think it's because he doesn't take the issues seriously.

  

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lsymone
Member since Nov 03rd 2007
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Wed Mar-11-20 09:46 AM

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"definitely been buying "


          

take a message

  

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lsymone
Member since Nov 03rd 2007
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Wed Mar-11-20 09:46 AM

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46. "definitely been buying "
In response to Reply # 0


          

take a message

  

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bentagain
Member since Mar 19th 2008
15040 posts
Thu Mar-12-20 08:39 AM

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48. "Trading halted for 2nd time this week "
In response to Reply # 0


  

          

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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FLUIDJ
Member since Sep 18th 2002
42724 posts
Thu Mar-12-20 08:42 AM

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49. "My crypto really took a hit...wow..."
In response to Reply # 0


  

          

  

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fontgangsta
Member since Sep 04th 2005
5266 posts
Thu Mar-12-20 08:49 AM

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50. "thank jebus i dont need those accounts for another"
In response to Reply # 0


  

          

25 years

  

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legsdiamond
Member since May 05th 2011
67178 posts
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51. "Right? "
In response to Reply # 50


          

I have an M1 Roth account and I need to delete the app. Shit is fugly


It was all good just 2 weeks ago.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Thu Mar-12-20 03:23 PM

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52. " Down 10% today. Worst day since Black Monday in 1987. "
In response to Reply # 0


  

          

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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53. "Trump bullied the Fed chair. Fed chair caved. Market still tanking"
In response to Reply # 0
Sun Mar-15-20 05:41 PM by PimpTrickGangstaClik

  

          

https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html

Trump implied he could fire Federal reserve chair Jay Powell yesterday. He was upset that Powell isn't pulling enough levers to boost up the stock market.

Today, Powell dropped a bomb and set rates to 0%.

Futures markets dropped immediately (Dow Jones down 1200 points right now).

All this did is freak people out because big surprise cuts like this don't happen. And it suggested that there is no political independence with our central bank

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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Buddy_Gilapagos
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Mon Mar-16-20 08:49 AM

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55. "Doesn't it also means we have no more tricks left to goose the economy?"
In response to Reply # 53


  

          

I feel like I am experiencing this on a macro level because I have all these Boomers I work with and all they are doing is worried about the market. Shit I keep hearing my friends on the groupchat talking about how is the best way to take advantage of this market drop.

Meanwhile I am out buying CB radios, Life Straws and trying to get weapons and the stock market is the last thing on my mind.

There isn't a market solution to this problem. There is a science, public health and healthcare solution and all our leadership can do is worry about the Market. It is driving me nuts.



**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

  

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eclipsedInI
Member since Jul 29th 2002
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Mon Mar-16-20 09:48 AM

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64. "Trump is a fucking bungler of immense proportions that will never"
In response to Reply # 53


          

take responsibility

i can't wait until he blames Obama for this

_____________________
puttin' the roota in the toota since 98'

  

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eclipsedInI
Member since Jul 29th 2002
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Mon Mar-16-20 09:48 AM

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65. "Trump is a fucking bungler of immense proportions that will never"
In response to Reply # 53


          

take responsibility

i can't wait until he blames Obama for this

_____________________
puttin' the roota in the toota since 98'

  

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eclipsedInI
Member since Jul 29th 2002
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Mon Mar-16-20 09:48 AM

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66. "Trump is a fucking bungler of immense proportions that will never"
In response to Reply # 53


          

take responsibility

i can't wait until he blames Obama for this

_____________________
puttin' the roota in the toota since 98'

  

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eclipsedInI
Member since Jul 29th 2002
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Mon Mar-16-20 09:48 AM

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67. "Trump is a fucking bungler of immense proportions that will never"
In response to Reply # 53


          

take responsibility

i can't wait until he blames Obama for this

_____________________
puttin' the roota in the toota since 98'

  

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Reeq
Member since Mar 11th 2013
10639 posts
Mon Mar-16-20 08:40 AM

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54. "dow hit the circuit breaker immediately at opening."
In response to Reply # 0


  

          

https://twitter.com/EamonJavers/status/1239545652398489601
-----
Dow opens, falls 2,250, immediately hits circuit breaker and shuts down again. Will reopen after 15 minute halt. Watch on @CNBC
-----

trump was just doing a victory lap after the stock rally on friday

https://twitter.com/thehill/status/1238970431601852419
https://twitter.com/Hedgeye/status/1238672419415560193

------

  

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Reeq
Member since Mar 11th 2013
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Mon Mar-16-20 08:52 AM

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56. "i see more econ experts warning of a *depression*."
In response to Reply # 0


  

          

saying these stock plummets and some new manufacturing data are showing we need drastic intervention to avoid a possible depression (not just recession...which we are likely already in).

------

  

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Reeq
Member since Mar 11th 2013
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Mon Mar-16-20 08:57 AM

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57. "to put things into perspective:"
In response to Reply # 56


  

          

https://twitter.com/Mikel_Jollett/status/1239550454238830592
-----
The Dow is down *12%* so far this morning.

To put this in perspective, the Dow fell 20% in 2007-2008 because of the housing crisis. It took 7 months.

This happened in 35 minutes.

https://pbs.twimg.com/media/ETPEkR4VAAMZFwL?format=jpg&name=large
-----

------

  

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Trinity444
Charter member
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Mon Mar-16-20 09:02 AM

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58. "damn..."
In response to Reply # 57


  

          

  

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mista k5
Member since Feb 01st 2006
13007 posts
Mon Mar-16-20 09:09 AM

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59. "i definitely think the virus needs to be attacked like a war"
In response to Reply # 56


  

          

drop nukes on it. nah

but put everyone (who is healthy and not susceptible) to work towards helping get rid of it. bump up production of ventilators and other supplies that are needed. have people help out in the care of the sick. preparing food, producing raw materials and parts for the above. basically what they did with the automotive industry to build tanks, do it for medical equipment.

  

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Reeq
Member since Mar 11th 2013
10639 posts
Mon Mar-16-20 09:24 AM

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60. "def gonna have to reconfigure some supply chains."
In response to Reply # 59


  

          

i see some major french cologne/perfume company is switching their assembly lines over to making free hand sanitizer for their government.

we are gonna have to start doing shit like that.

------

  

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MEAT
Member since Feb 08th 2008
19796 posts
Mon Mar-16-20 09:30 AM

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62. "Wish we’d do it for ventilators. "
In response to Reply # 60


  

          

-------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Reeq
Member since Mar 11th 2013
10639 posts
Mon Mar-16-20 09:42 AM

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63. "we are gonna have to do it for them too."
In response to Reply # 62


  

          

------

  

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MEAT
Member since Feb 08th 2008
19796 posts
Mon Mar-16-20 11:12 AM

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78. "No I mean now. Like I spent half the night trying to volunteer"
In response to Reply # 63


  

          

And it’s not being done on any scale.
Monday seems to be the day we’re all trying to plan based on military response and a functioning government would already have a scale and production plan in place.

-------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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eclipsedInI
Member since Jul 29th 2002
92783 posts
Mon Mar-16-20 09:49 AM

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68. "but there wouldn't be enough techs to run them"
In response to Reply # 62


          

_____________________
puttin' the roota in the toota since 98'

  

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mista k5
Member since Feb 01st 2006
13007 posts
Mon Mar-16-20 09:57 AM

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70. "gotta start training folks"
In response to Reply # 68


  

          

people getting laid off? move them there. even if it is only to take care of menial tasks to free up the actual techs to get to their work.

  

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MEAT
Member since Feb 08th 2008
19796 posts
Mon Mar-16-20 11:13 AM

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79. "That’s a downstream problem. "
In response to Reply # 68


  

          

You move the rock there first.

-------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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poetx
Charter member
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Wed Mar-18-20 06:32 PM

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130. "true. tech is the limiting factor. ppl need to be put into the pipeline...."
In response to Reply # 79


  

          


peace & blessings,

x.

www.twitter.com/poetx

=========================================
I'm an advocate for working smarter, not harder. If you just
focus on working hard you end up making someone else rich and
not having much to show for it. (c) mad

  

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legsdiamond
Member since May 05th 2011
67178 posts
Mon Mar-16-20 09:26 AM

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61. "We were too dependent on China"
In response to Reply # 0


          

About to feel the pain since production has prolly been halted or severely impacted by this virus.

Really wondering if this will impact the election.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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lsymone
Member since Nov 03rd 2007
7273 posts
Mon Mar-16-20 10:35 AM

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74. "yep and look at us right now."
In response to Reply # 61


          

begging, pleading, gnashing of teeth at China to supply us w/ mask and medical devices.


huge wake up call to bring those manufacturing supply jobs back to US, instead of standing in line behind France, Italy and every country.

take a message

  

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Shaun Tha Don
Member since Nov 19th 2005
17955 posts
Sat Mar-28-20 07:56 PM

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137. "You have only Nixon and Clinton to thank for that. "
In response to Reply # 61


          

Rest In Peace, Bad News Brown

  

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Kira
Member since Nov 14th 2004
28261 posts
Mon Mar-16-20 09:52 AM

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69. "UPDATE: CDC recommends no gatherings of 50+ people..."
In response to Reply # 0


  

          

... for 2 months... WTF.

How are people going to survive without income for two months? People could at least work in the recession.

  

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Trinity444
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71. "NYS shutting everything down..."
In response to Reply # 69


  

          

Cuomo is doing a wonderful job handling this....I think

  

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FLUIDJ
Member since Sep 18th 2002
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Mon Mar-16-20 10:16 AM

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72. "."
In response to Reply # 0
Mon Mar-16-20 10:17 AM by FLUIDJ

  

          

.


"Get ready....for your blessing....."
"Bury me by my Grand-Grand and when you can come follow me"

  

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handle
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75. "This is why 401ks are a BAD IDEA"
In response to Reply # 0


          

Fixed pensions are the only truly stable way to guarantee retirement income.

I feel sorry for people who didn't have the right mixture of risk in their portfolio - I am sick to my stomach thinking about everyone online I will see saying "It's your own fault for not doing everything perfectly."

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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legsdiamond
Member since May 05th 2011
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Mon Mar-16-20 11:07 AM

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76. "Market goes up, market goes down"
In response to Reply # 75


          

Fed sucks for anyone who was just about to cash out.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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handle
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Mon Mar-16-20 11:13 AM

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80. "You mean like people who are retiring???"
In response to Reply # 76


          

>Fed sucks for anyone who was just about to cash out.
Like people who saved money for decades and in a few weeks of a crisis have a large portion wiped out??

Yeah "sucks to be them."

Greta system we got.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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sectachrome86
Member since Dec 22nd 2007
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Mon Mar-16-20 04:22 PM

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84. "Shouldn't they have adjusted their allocation then?"
In response to Reply # 80


          

If youre close to retiring your portfolio should be very low risk.
I mean it still sucks, but if your 401k was still at 90% stocks and youre retiring this year youre doing it wrong. Don't most people just use target date funds that do this for you automatically?

-------------------------------------------------
http://www.soundcloud.com/sectachrome

  

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legsdiamond
Member since May 05th 2011
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Tue Mar-17-20 11:17 AM

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85. "True, true"
In response to Reply # 84


          

I remember I went to a fund management dinner with my MIL.. just for the free dinner.

This was after the crash. I asked dude for some advice after it was over and he said “ignore everything I just said.. you have time to invest in the market”

as you get older you should definitely have it flipped by the time you are ready to retire.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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handle
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Tue Mar-17-20 11:47 AM

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88. "See, IMMEDAITLY blamed the victims"
In response to Reply # 85


          

Now, for a small number of people who are 65 and are in the very very riskiest investments then yes - maybe they deserved to take the hit.

But the market is NOT science, can't be predicted, and frankly people are BUSY working and not adjusting their portfolios a lot - if ever.

They probably sat down with the retirement person that comes into the office occasionally and set it up and just forgot about it.



This shows that markets can not be counted on to provide retirement income - that the risk carried can strike unpredictably and no matter how vigilant you are there is no guarantee of income - and no protection from loss.

That's why defined pensions are >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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Brew
Member since Nov 23rd 2002
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89. "100."
In response to Reply # 88


          

>Now, for a small number of people who are 65 and are in the
>very very riskiest investments then yes - maybe they deserved
>to take the hit.
>
>But the market is NOT science, can't be predicted, and frankly
>people are BUSY working and not adjusting their portfolios a
>lot - if ever.
>
>They probably sat down with the retirement person that comes
>into the office occasionally and set it up and just forgot
>about it.
>
>
>
>This shows that markets can not be counted on to provide
>retirement income - that the risk carried can strike
>unpredictably and no matter how vigilant you are there is no
>guarantee of income - and no protection from loss.
>
>That's why defined pensions are
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
>
>

----------------------------------------

"Fuck aliens." © WarriorPoet415

  

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sectachrome86
Member since Dec 22nd 2007
2547 posts
Tue Mar-17-20 12:03 PM

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91. "I mean, thats what the stock market does"
In response to Reply # 88


          

It goes up and down. But over time it always nets positive. This is why its a long game. Im no expert but I dont touch my 401k at all, I just put it in a target date fund and let it do its thing.

Not saying that crashes like this dont suck and we shouldn't empathize with people who are seeing big losses, but its kind of part of the game.

-------------------------------------------------
http://www.soundcloud.com/sectachrome

  

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legsdiamond
Member since May 05th 2011
67178 posts
Tue Mar-17-20 12:10 PM

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93. "Dude ain’t say a word when the market was going up and up"
In response to Reply # 91


          

As soon as we have global meltdown he’s on some “this is why”

FOH.. lol.

I’m losing all my little bit a money right now because I’m high risk.

Unless you are pro you shouldn’t have your life savings in the market at 65.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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legsdiamond
Member since May 05th 2011
67178 posts
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92. "You’re the one screaming about 401K’s during a pandemic meltdown "
In response to Reply # 88


          

don’t get mad when people (I wasn’t even the one who pointed it out) rightfully point out that anyone getting ready to retire shouldn’t have their money in high risk investments.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Brew
Member since Nov 23rd 2002
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100. "These are the things he said that are important:"
In response to Reply # 92


          

>and frankly people are BUSY working and not adjusting their portfolios a lot - if ever.
>
>They probably sat down with the retirement person that comes into the office occasionally and set it up and just forgot about it.

And the part about "defined pensions" being better than betting your retirement on the market. Based on the above, that's why defined pensions should be the norm. People are busy with their full time jobs and life, they shouldn't have to double as their own financial advisors on a volatile market that the experts should be handling for them.

I'm not taking away ALL personal responsibility. Just saying that retirement is earned and should be treated as such. There should be no variability.

----------------------------------------

"Fuck aliens." © WarriorPoet415

  

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legsdiamond
Member since May 05th 2011
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103. "I’m not an expert... lol"
In response to Reply # 100


          

but when dude said no one should have the bulk of their money in stocks right before retirement it reminded me of things I’ve heard.

I have 529’s for my kids and it’s going to work the same way. It’s aggressive now but it will taper off the closer they get to 18.

IMO no one should be in charge of their retirement unless they are experts or assume the risk.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Mynoriti
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77. "mine is pretty low risk"
In response to Reply # 75


  

          

i forgot how i even set it up but it's not that wrapped in the market.

i expected it to be much worse but i didn't take much of a hit.

I just borrowed from it to cover a year of rent if in case lose my job.

--------
http://ambitiondeficitdisorder.tumblr.com/

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Mon Mar-16-20 03:28 PM

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81. "Down almost 13%. New worst day since Black Monday"
In response to Reply # 0


  

          

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
Member since Feb 01st 2006
13007 posts
Mon Mar-16-20 03:31 PM

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82. "i might be tired of winning"
In response to Reply # 81


  

          

how do i know if i am?

  

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bentagain
Member since Mar 19th 2008
15040 posts
Mon Mar-16-20 03:42 PM

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83. "RE: Market is tanking...errytime he’s on TV"
In response to Reply # 0


  

          

Sit him down and shut him up

He tanked the futures market with a Saturday address

Let Fauci be the spokesperson and STFU

He’s getting people killed.

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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allStah
Member since Jun 21st 2014
2612 posts
Tue Mar-17-20 12:15 PM

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94. "Short Sellers have to be making a killing"
In response to Reply # 0


          

Someone is always making money in the market, either one side or the other

Short sell, put stop losses at 10%, unless markets open up and rebound higher than stop loss orders. That would be a major issue of course. Shit even if there is a small rebound like today, you know there are going to be more plummets.

Hospitality and restaurant industry is being hammered, so you know those ETFs are going to plummet. Short that entire industry


Another note, those cannabis stocks that people were high on, those mugs were tanking before the market started going down, so those are just trash at this point. I remember when ACB was around 9.00 a share last summer. That shit is now a penny stock. And might get delisted if it does not meet the 1.00 compliance in the next 6 months.

I miss trading in the market because of the action, but 80 -70 percent traders lose money and that’s in a normal market.

  

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legsdiamond
Member since May 05th 2011
67178 posts
Tue Mar-17-20 12:31 PM

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96. "Might have to jump on a cannabis stock once things settle"
In response to Reply # 94


          

If it’s still listed.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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allStah
Member since Jun 21st 2014
2612 posts
Tue Mar-17-20 01:01 PM

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98. "RE: Might have to jump on a cannabis stock once things settle"
In response to Reply # 96


          

Be very cautious. That industry is not booming like people expected. A lot of those companies have yet to show any signs of a profit. And constantly changing future valuations does not help. Investors bailed. They can grow weed, buy other weed facilities and borrow money, but investors want to see profits either up in sales or revenue.

But at penny stock prices...it might be worth the chance.

  

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legsdiamond
Member since May 05th 2011
67178 posts
Wed Mar-18-20 07:52 AM

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104. "It would be a small amount. I’m not an all in type of guy"
In response to Reply # 98


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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allStah
Member since Jun 21st 2014
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Tue Mar-17-20 12:30 PM

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95. "Also the only way to survive the market over time is the Warren Buffett ..."
In response to Reply # 0


          

Or Basically Dollar Cost Average.

Buying the stock with a certain amount either monthly or weekly , catching different price points, losses will be low, but rebounds will be high as fuck. So I’m sure cats are buying as the market goes down, but only sure fire stocks that have survived crashes and Plummer’s like McDonald’s( real estate company really...fuckers ain’t going anywhere ), coke, Microsoft,etc....and the stores who are profiting like Walmart, Home Depot, etc

Those Put options? shittt...mad loot. And if we do get out of this, and show signs of rebounding in 2 months, I would put a 3-6 month call option in on a stock from the restaurant industry as spending starts back up.

  

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legsdiamond
Member since May 05th 2011
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Wed Mar-18-20 10:13 AM

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108. "I use M1 and buy at least $10 worth of stocks every week"
In response to Reply # 95


          


****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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mista k5
Member since Feb 01st 2006
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Tue Mar-17-20 12:43 PM

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97. "What happens if the markets are closed?"
In response to Reply # 0


  

          

looks like the last time it happened was WWI, at least for more than a few days.

  

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Numba_33
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99. "That's a great question."
In response to Reply # 97


  

          

The physical floor of the stock market in practice is a potential breeding ground for the virus spreading I think since folks do get crowded there.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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mista k5
Member since Feb 01st 2006
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Wed Mar-18-20 09:23 AM

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105. "im more asking how relevant is the market during something like this"
In response to Reply # 99


  

          

in theory the trading could all be done remotely but what is the point in trading right now?

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Wed Mar-18-20 09:44 AM

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106. "What do you mean? Why would trading be any more/less relevant now?"
In response to Reply # 105


  

          

It's funny that people discuss shutting down markets when it crashes down, but not when it spikes up.

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
Member since Feb 01st 2006
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Wed Mar-18-20 10:12 AM

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107. "the economy has changed"
In response to Reply # 106


  

          

its not going to be for a week or two. there is essentially a shut down of big segments of the economy. im not very well versed on the markets so an explanation of how the markets can stay open during this volatility would be appreciated.

i tried looking up pros and cons but didnt find many articles talking about it. at most they would say its possible but it would take much more to get to that point.

im just curious on if it would make sense at all to close the markets (for weeks/months) until things are stabilized. until we have a grip on the pandemic.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
14877 posts
Wed Mar-18-20 12:59 PM

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118. "Markets just reflect information"
In response to Reply # 107


  

          

More specifically, people's perceptions of information. At some points in time, the information environment is very uncertain (like right now). People have no idea what the human toll of this will be. What the government's response will be. What the effect on business will be. How long the effects will last. That's why there is so much volatility.

These questions will not be completely resolved anytime soon (years). But traders are responding to information that hints to possible answers.
There is nothing inherently wrong with volatility. It is just caused by information discovery/processing.

Eventually the information environment will be more clear and it will stabilize. But there is no reason to stop things until we get there. If you paused markets now, you will just see either a huge jump or huge crash once you open them up again because they will reflect the information at that time.


Also, a key thing to remember is that there are 2 sides to every transaction
And both sides are getting into the transaction voluntarily for specific reasons. By shutting down the market, you are preventing people from doing what they want to do.


Imagine the market was shut down for a month.
What if you need cash tomorrow? You can't sell your stocks to get it.
What if you think things are overblown? You can't buy stocks to reflect your optimism.
What if you think things are going to get a lot worse? You can't sell stocks to reflect your pessimism.

Each of these things (needing cash, optimism, pessimism) happen every day. There is nothing special about right now other than great uncertainty and prices going down (because the information coming out is all bad).





_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
Member since Feb 01st 2006
13007 posts
Wed Mar-18-20 02:42 PM

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119. "is there any event that would warrant closing the markets?"
In response to Reply # 118


  

          

>Eventually the information environment will be more clear and
>it will stabilize. But there is no reason to stop things until
>we get there. If you paused markets now, you will just see
>either a huge jump or huge crash once you open them up again
>because they will reflect the information at that time.

thats something i was wondering. if the markets are closed, what happens when they reopen? i would think you need some advanced timing before closing but could that be worse than just saying, markets arent opening tomorrow? how do you handle reopening them?

>Also, a key thing to remember is that there are 2 sides to
>every transaction
>And both sides are getting into the transaction voluntarily
>for specific reasons. By shutting down the market, you are
>preventing people from doing what they want to do.
>
>
>Imagine the market was shut down for a month.
>What if you need cash tomorrow? You can't sell your stocks to
>get it.
>What if you think things are overblown? You can't buy stocks
>to reflect your optimism.
>What if you think things are going to get a lot worse? You
>can't sell stocks to reflect your pessimism.

thats the big question i have on markets closing. what would be the practical effect on people? would markets ever be completely closed or would there be some exception for accessing funds? how easy is it to get cash from your investments right now? what is that process like?

>
>Each of these things (needing cash, optimism, pessimism)
>happen every day. There is nothing special about right now
>other than great uncertainty and prices going down (because
>the information coming out is all bad).
>

i would argue this is extremely special from anything we have seen in our lifetimes. not even 9/11. that was a scare but it was a quick hit then a climb back up. crashes due to bubbles are straight up part of the market. this is more like a war. its really outside of the everyday market ups and downs. this is life changing. its a reset to a way of life. capital kind of loses its purpose during a time like this. at least in my point of view. im guessing all the countries closing borders, a huge portion of the population being forced to isolate, and oh yeah dealing with the actual health of people will upend the economy in a way we havent seen.

i just feel like trying to calm the markets requires too many resources and im not really sure what the point is to do so right now.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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Wed Mar-18-20 03:40 PM

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121. "In my opinion, yes. An event that affects the ability to trade"
In response to Reply # 119


  

          

For 9-11, they closed the markets for a few days because there were physical/infrastructure disruptions, not just uncertainty.


>
>Thats something i was wondering. if the markets are closed, what >happens when they reopen? i would think you need some advanced timing >before closing but could that be worse than just saying, markets arent >opening tomorrow? how do you handle reopening them?
>

I would think the opposite. They could suddenly stop trading in the middle of the day. Then announce the reopening date. When that day comes, everything opens up like usual.



>
>thats the big question i have on markets closing. what would be the >practical effect on people? would markets ever be completely closed >or would there be some exception for accessing funds? how easy is it >to get cash from your investments right now? what is that process >like?
>


There wouldn't be exceptions. It's like the bank being closed (and no ATMs existing). You can't withdraw until the bank opens again. Similarly, the only way to get cash from a stock is to sell, and if the market is closed you gotta wait til its open again..
Right now it is easy to get cash. Just open up your trading account (like Etrade) and click sell. Wait a day, and you'll have cash sitting in your account.


>
>i would argue this is extremely special from anything we have seen >in our lifetimes. not even 9/11. that was a scare but it was a quick >hit then a climb back up. crashes due to bubbles are straight up >part of the market. this is more like a war. its really outside of >the everyday market ups and downs. this is life changing. its a >reset to a way of life. capital kind of loses its purpose during a >time like this. at least in my point of view. im guessing all the >countries closing borders, a huge portion of the population being >forced to isolate, and oh yeah dealing with the actual health of >people will upend the economy in a way we havent seen.
>



On all this I'll just say it seems special because the drops are huge. But the way you are framing it, makes it seem like a game where stocks are game pieces.

Stocks actually represent something real. If you buy Delta stock today, you become an owner of Delta. As an owner you are entitled to a portion of their profits. When people think their profits will go up (because of a govt bailout), the price will rise. When people think the govt will leave them hanging, the price will fall. This will be the case whether the economy is thriving or in shambles.

If we get to the point where capital actually doesn't mean anything, then throw everything I said out the window.

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
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124. "i hope im just overreacting "
In response to Reply # 121


  

          

it seems there are some asset managers calling for a two week close. theyre in the minority right now. i would guess you still have access to checking during such a close right?

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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125. "You'd definitely have normal access to checking accounts"
In response to Reply # 124


  

          

The banking system and stock market are separate. Not that you'd ever really have to worry, but the banking system is looking pretty healthy. So money in banks are safe.

>it seems there are some asset managers calling for a two week
>close. theyre in the minority right now. i would guess you
>still have access to checking during such a close right?
>
>

Most of the stuff I'm reading says folks are against shutting down. And they're getting annoyed at these 15 minute pauses (circuit breakers) that occur whenever things drop top much too fast

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
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127. "oh, i misread"
In response to Reply # 125


  

          

>There wouldn't be exceptions. It's like the bank being closed (and no ATMs existing). You can't withdraw until the bank opens again. Similarly, the only way to get cash from a stock is to sell, and if the market is closed you gotta wait til its open again..
Right now it is easy to get cash. Just open up your trading account (like Etrade) and click sell. Wait a day, and you'll have cash sitting in your account.

totally skipped the "like" in there. when i googled i found nothing so thought maybe hes right, the banks would be close and no ATMs if the markets close...being separate does make more sense.

i think the speculation is just overboard right now, reading that the market is reacting to every trump fart is bizarre.

  

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mista k5
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122. "theres the floor"
In response to Reply # 99


  

          

https://www.cnbc.com/2020/03/18/nyse-to-temporarily-close-trading-floor-move-to-electronic-trading-because-of-coronavirus.html

  

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Numba_33
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123. "That's pretty wild."
In response to Reply # 122


  

          

I would imagine that'll means trading will be a bit slower as I imagine bandwidth and processing power won't be as fast in the face-to-face trading that takes place on the floor.

I wonder if there'll be enough bandwidth and computing power to handle all the trading that'll go down.

One thing for certain; that Wall Street area will be a complete and total ghost town. Outside of the regular retail banks, I wonder what other businesses will be open in that area.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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PimpTrickGangstaClik
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128. "Everything happens electronically already. This won't change anything"
In response to Reply # 123


  

          

Except it will be a weird look to turn to CNBC and see an empty floor

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
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129. "another thing that this pandemic is pushing forward"
In response to Reply # 128


  

          

obviously most of the effects of the pandemic are bad but there are some things that are being forced to be modernized and made more efficient.

some things weve been holding on to for no good or practical reason.

  

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PimpTrickGangstaClik
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126. "Not much happens on the floor these days"
In response to Reply # 122


  

          

I honestly don't even know why floor traders still exist

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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bentagain
Member since Mar 19th 2008
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Wed Mar-18-20 11:42 AM

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109. "Wasn’t +20K DJI the record...under Clinton?"
In response to Reply # 0


  

          

So...the market just reset to 1999?

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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stravinskian
Member since Feb 24th 2003
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114. "Nah, it was like 11k at the end of the Clinton years. "
In response to Reply # 109


          


Today it just fell below where it was on Trump's inauguration.

So yeah, it's given up a hell of a lot. And there's probably still a lot farther it'll go. But so far we're just back to 2017 levels.

  

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Oak27
Member since Apr 17th 2005
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115. "No."
In response to Reply # 109


          

It was around 10, 11 in 1999, dipped down below 8 during Bush's first term before getting to 14 before the recession brought it down to 7. When Obama left office it was basically where it is right now.

  

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legsdiamond
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110. "Why they show the stock market screen while Trump speaks?"
In response to Reply # 0
Wed Mar-18-20 12:21 PM by legsdiamond

          

shit seem like the news is helping these markets tank?

Something ain’t right.


Lemme chill.



****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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bentagain
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113. "All press conferences should be discontinued "
In response to Reply # 110


  

          

I’m watching local officials...
A group of +10
Share a podium and microphone
Like...WTF

We’re not testing w/o symptoms and a dr’s order
They’re proving...in real time...that we’re too stoopid to stop the spread

There’s nothing they can say that is reassuring

They should release statements to the press

These ‘appearances’ only increase anxiety.

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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Reeq
Member since Mar 11th 2013
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117. "it aint the stock market screen while trump speaks."
In response to Reply # 110


  

          

its the trump speaks part.

------

  

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stravinskian
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111. "Trump has now completely lost his stock market gains."
In response to Reply # 0


          


At least in the DJIA, which for some reason is still what people talk about. I assume the S&P numbers are similar.

DJIA is now below where it was on Trump inauguration.

Just a week after he was signing autographs on printouts of the curve.

  

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Reeq
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116. "10k point drop in a month for the 1st time ever."
In response to Reply # 111


  

          

a lot of this is karma for corps taking their tax cut and buying up their own stock instead of investing in their employees.

------

  

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The3rdOne
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112. "VladStocks: What Can Be Done During a Stock Market Crash"
In response to Reply # 0


  

          

https://www.youtube.com/watch?v=23Q5EFUKh9U

  

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Amritsar
Member since Jan 18th 2008
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120. "as in DJ Vlad?! "
In response to Reply # 112


  

          

lmao

_______________________________________________
"Ran through enough dope for Castro to build schools in Cuba. Teach ya kids how to read and write. And use the Ruger."

  

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sectachrome86
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131. "smh, the fuck is this?"
In response to Reply # 0


          

Market shooting back up just as things keep getting worse. Based off a little stimulus money and Donny saying well be done by Easter?

-------------------------------------------------
http://www.soundcloud.com/sectachrome

  

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legsdiamond
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132. "2 Trill dead cat bounce. "
In response to Reply # 131


          

I want to know who shorted the market and made money off this crash.

Shit feels suspect as hell.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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lsymone
Member since Nov 03rd 2007
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135. "Bill Ackman"
In response to Reply # 132


          

and I aint even mad, impressed actually.

take a message

  

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legsdiamond
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136. "made 2.5 Bill"
In response to Reply # 135


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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calij81
Member since Jan 17th 2007
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Thu Mar-26-20 12:44 PM

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133. "I expected a bounce after the stimulus package but I’m shocked that"
In response to Reply # 131


          

It is still going up with these new unemployment claim numbers that came out today. That to me is the real head scratcher.

  

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PimpTrickGangstaClik
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134. "The unemployment stuff isn't new information"
In response to Reply # 133


  

          

It's been expected for two weeks. So it shouldn't have any impact

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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PimpTrickGangstaClik
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138. "Market (SP500) is back to Oct 2019 levels"
In response to Reply # 0


  

          

I can't call it.
It hard to imagine a company's outlook today being similar to its outlook back in October.


_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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mista k5
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139. "ha i was thinking about this thread the other day"
In response to Reply # 138


  

          

i definitely didnt see this happening.

sad to see that rich people are getting richer through this while so many people are dying, unemployed, waiting for government checks.

  

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legsdiamond
Member since May 05th 2011
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140. "we are still pumping money into the market. "
In response to Reply # 138


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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PimpTrickGangstaClik
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141. "S&P500 back to Feb 28, 2020 level"
In response to Reply # 0


  

          

Back to where it was before things really hit the fan in the US in March (before SXSW cancelled, college and nba basketball cancelled, etc).

*shrug* I get that things are starting to reopen, but to say expectations today are the same as they were in February is a head scratcher.

_______________________________________
You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude

  

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legsdiamond
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142. "The vaccine news really gassed people up"
In response to Reply # 141


          

or the computers..

Also heard people are still buying homes. Something like a 6% increase in new mortgage applications.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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handle
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143. "INSANITY"
In response to Reply # 142


          

Deaths projected to go WAY up - but these ghouls are feeling good about the future.

------------
My prayers have been answered!

Gone
My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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legsdiamond
Member since May 05th 2011
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144. "They are cooking the books and using lapdog doctors to push"
In response to Reply # 143


          

terrible science on us to reopen.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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legsdiamond
Member since May 05th 2011
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145. "Moderna announced their clinical trials.. then sold 30 mill in stock"
In response to Reply # 144


          

and somehow this isn’t illegal?

Looks like they don’t have faith in their vaccine.

https://www.cnn.com/2020/05/22/investing/moderna-coronavirus-vaccine-stock-sales/index.html

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Bob Darker
Member since Aug 04th 2008
29 posts
Fri May-22-20 03:48 PM

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146. "that shit is VERY ILLEGAL"
In response to Reply # 145


  

          

  

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