The destruction of a 1st world continent's economy and the shuttering of half it's economic activity was priced in at ~-5% in markets and a price decline in oil and natgas? Are europoors really that irrelevant?
Look at any basic demographics on Europe, they an extremely old and aging population that refuse to have children. There is no future in a society that doesn't procreate. It's the same reason why Japanese stocks perform horribly.
Bros, I need financial advice: My family is coming to visit me soon, for about a week. How can I put on a happy face for the entire duration even though my portfolio is down 59% (by some measurements) and also the rest of my life is sad and depressing too?
Well it's not half their economic activity. And a lot of the pricing in has already happened. Look at the DAX YTD or how much oil/nat gas have tumbled from their highs. Then adjust those values for inflation!
Justin Bailey
Sometimes you have to put in a little work so it does get priced in.
For small accounts why does it seem better to be trading options instead of trying to swing trade shares when it takes more money to buy shares and try to successfully swing them when there’s such violent swings from day to do. When you can instead play options will defined losses and you can day trade them without violating the PDT rule with a cash account?
dont you qoute that peter ziehan ameriboo horseshiit to me user. Thats not an explanation for a .5% drop on a day we find out the world is going to end. I want a real answer, not peter's endless masturbatory optimisim.
If you are seriously discussing this, your portfolio is under 5 figures. If your portfolio is under 5 figures, your main focus should be on getting a real job and incomemaxxing.
That'll earn you far more, far quicker than all but the most moonshot of moonshot investments.
Jordan Powell
Nothing happened. Real estate and oil shidded and farded. Bond shorts supported it.
Jordan Sullivan
BTC if falling so fast due to low liquidity we might see 13k the next week
This. The 150~ million spics America imported was a great move
Jackson Garcia
That chart only shows SPXL underperforming for a single buy-in date more than a decade ago. Give me a chart that compares them at multiple holdings periods like pic related. "Rolling returns" as opposed to total returns
the end of white people is not optimism, white people don't have children
Adam Scott
Lol since when did bongs manufacture shit
Charles Lee
>(by some measurements) Use the other measurements! Obfuscate reality with professional shibboleths like "accumulate the drawdown"
Jack Gray
>BTC if falling so fast due to low liquidity we might see 13k the next week Crypto fags are going to eat buckshot by November. I've got a friend whos lost 30k on BTC and just keeps throwing money at it.
So it'll be bad, but not -50% bad. Especially if they do some triaging/targeted bailouts as winter rolls around.
Owen Gonzalez
We're already beaned. Blue eyes are 70% less common in the us than Europe
Nathaniel Jones
they were coming next week a week ago when you psted this then. you need to go back.
Easton Allen
I have a stable job that basically pays me a 13k annuity every month, so I have plenty of time on my hands and don’t have a 401k, not doing this for anything other than fun, so I’m not going to throw 25k of savings to get around the PDT rule, until I get a system down, get good or just say fuck it. My assets are in a different class than equities
James Clark
checked and Z
death to davos!
Camden Lee
I switched to a margin account. I never use the margin, but it allows me to swing without violations. with a cash account you'll have the same violation problem with options, and its much more dangerous to get locked into that.
I DoorDash 4 meals a day for my family. We still cook at home for the 5th!
Jayden Lewis
I've got a margin on btc that I'm tempted to just ignore until it liquidates me. Finna be fucked with that shit no more
Cooper Bell
you cant burn fake newly printed money in the gas plant user, unfortunately. not having enough raw materials, and especially energy, is the one thing you can't bullshit your way out of with numeromancy.
Jack Ortiz
The other measurements are even worse... According to one, I'm down 126%.... though I must have been drunk or going through a psychotic episode when I wrote that Excel formula because I have no fucking idea how it produces that number.
as a younger guy everything going on these days is so despair inducing. I know people always tend to think thins are going to hell but are there any oldfags here? have things always been bad or is this shit lately as surreal as it seems?
UPRO has beat SPXL at every point since it's inception up until July 2020 when they started flip flopping
Adam Green
Looking at junk bonds I would say that shit hits the if we break the white level of support, if high yield bonds crash you bet your ass stocks go elevator down.
My garbage doesn't oredict tops or bottoms. It only shows when possible short term reversal is close or has already started. It is not showing that yet.
The world has been on a downward spiral since the Jews won ww2, user. Every year is worse than the last and will continue to be, I'm afraid.
>inb4 iphones and door dash, life's never been better!
Jordan Bell
>as a younger guy Mate you should be pesying for a crash. You're at the age with the lowest responsibilities, lowest pay as you have no experience and learn and livot to something new. Better get a crash now than when you're 35, married with kids and have a mortgage to pay.
Yeah I know it’s a T+1 settlement on options, and I know it’s easier to swing trade with a margin account but I want to be able to get out of something fast on the same day and I would quickly violate the PDT rule with options. In my cash account I don’t use over 50% of my available cash to play around with and wouldn’t mind to wait a day to the the money settled
Luis Young
Every generation has its challenges. Boomers were worried about being nuked. The GI generation literally got drafted, rationed shit for years, and died by the millions to various degrees depending which country they were in.
However there are still bright spots - segregation, a 40 year bull market in bonds, we've got digital entertainment out the wazoo. Gotta keep those in mind as well.
Noah Perez
It is the end of the post WW2 world order. There is more despair on the way. It doesn't help that our economic system uses people to drive the economy to the benefit of capital. Rather than using capital to drive the economy for the benefit of people.
