The Stock Market

**Audioslave** · 02-06-2018, 06:22 AM

Some of you guys have lost it. First of all, why do any of you care about the stock market so much? It's just one avenue of investing. There are plenty of investment opportunities outside of public equities if you really are looking to invest. Secondly, the stock market is not reflective of the market economy and how much money goes into your pockets. Would you rather your wages continually go up or have the stock market creep up a couple more points? The two are not typically complementary. Cheap labor drives profits. Profits drive stock prices.

Many of you are also overestimating the influence of quant funds. Sure, they can cause a flash crash but the sell off does continue for days and days. Everyone "knew" a correction was coming, but I've been hearing people saying that for years now.

**gachase21** · 02-06-2018, 06:24 AM

7 min boyz, pop the limitless pills and down the coffee.

I’m eagerly awaiting with cautious optimism

**jtaylor2010** · 02-06-2018, 06:27 AM

Originally Posted by Spoolme

This is just the beginning. Over the next few weeks we are going to see a magnificent show of mental gymnastics as the little trumplets struggle more and more to defend indefensible economics.

Capitalism. Doesn't. Work.

sent from my iPhone

Fixed

**pUniCepts** · 02-06-2018, 06:29 AM

Originally Posted by gachase21

Good luck. Forex just ain’t my game personally short of a little dabbling.

I don’t blame anyone for pulling out if they’re not comfortable, like I posted early I was out mid late December for the most part.

The bulk of my portfolio is in private business stock, not publicly traded so I’m naturally limited to exposure anyway, and can’t push button buy/sell that.

I'm actually not doing anything, other than I may do my IRA contribution this week or next (which I'd already planned to do). Not worried about 401k loss. Though abruptly losing 5% is not an initially good feeling, it actually is good since I can buy in lower with future contributions. I have a good while before I'll be tapping that account.

**z4v4** · 02-06-2018, 06:31 AM

Booya, down over 500 at opening.

**Spoolme** · 02-06-2018, 06:31 AM

Originally Posted by Procta

Russian commie confirmed

Make the USSR great again! Fastest growing economy ever recorded, ended homelessness, higher calerie count per day than the U.S., represented all people and races in government, defeated the Nazis and more!

**gachase21** · 02-06-2018, 06:41 AM

And bam I’m good

Have fun gents I think I’m done for today

**pUniCepts** · 02-06-2018, 06:45 AM

Originally Posted by Spoolme

Make the USSR great again! Fastest growing economy ever recorded, ended homelessness, higher calerie count per day than the U.S., represented all people and races in government, defeated the Nazis and more!

US has greater caloric efficiency. Lower calories per day but higher obesity. just lol at USSR living calorie to calorie while US has great surplus!

**ceizer1985** · 02-06-2018, 06:52 AM

Originally Posted by Procta

literally everyday on the floor

Yes if it's the year 2007.

You haven't been on the floor in recent times, have you.

**ceizer1985** · 02-06-2018, 06:53 AM

Originally Posted by gachase21

Taking the day off

Sitting here with 4 screens. 2 terminal, and 2 mechanical keyboards.

This 1%’s a$$ bout to bank now

God, you're loser.

Look @ me, i'm so cool with my 7 terminals, 3 keyboards and 2 gold spoons up my ass.

**gachase21** · 02-06-2018, 06:57 AM

Originally Posted by AlwaysFocus

good time to buy

Got my quickie fix in this morning for play, and long positions set

Originally Posted by SillieBazzillie

No.

Sorry for your missed opportunity better luck next time.

**Procta** · 02-06-2018, 06:57 AM

Originally Posted by ceizer1985

Yes if it's the year 2007.

You haven't been on the floor in recent times, have you.

yes this whole year, and just watched the video from tnhe closing from the floor yesterday...there was a lot of cheering going down....sup with that?

**ceizer1985** · 02-06-2018, 06:59 AM

Originally Posted by Procta

yes this whole year, and just watched the video from tnhe closing from the floor yesterday...there was a lot of cheering going down....sup with that?

Not sure which video but it's dead most days. Most jobs are gone to the HFTs, rest will probably leave soon as well. Depressing in all honesty.

If CNBC wasn't doing their thing and if the open/close wasn't held on the floor, it would probably not even be shown on TV anymore.

**gachase21** · 02-06-2018, 07:01 AM

Originally Posted by ceizer1985

God, you're loser.

Look @ me, i'm so cool with my 7 terminals, 3 keyboards and 2 gold spoons up my ass.

Yep

I dug up all that gold myself with my barehands from nothing through untold hardships, so don’t mind a bit or have any guilt enjoying it.

**|ceman** · 02-06-2018, 07:04 AM

Originally Posted by pUniCepts

I hope you're being facetious, or deceptive, and aren't actually retarded. Using only the market cap of the NYSE, a family of 4 in the non-10% lost $2500 in one day.*

*maybe I did the math wrong, but first sentence stands.

what did you base your math on?

**seven11** · 02-06-2018, 07:04 AM

Wow it's up 1% now! Is it safe to un-heart attack myself?

**gachase21** · 02-06-2018, 07:08 AM

Originally Posted by seven11

Wow it's up 1% now! Is it safe to un-heart attack myself?

If you are retiring this year or the next five years just disregard all of it, relax and hit the gym.

**lsiberian** · 02-06-2018, 07:12 AM

Originally Posted by Streetbull

Parabolic rise in price never ends well. Look for about a 48% drop over the next year or so.

Gold stocks are really the only play here, other than going to cash.

If you really believe it's falling then you simply buy the bear etf. Honestly it's a great long term play for when the real correction happens. I sincerely doubt it's now.

**pUniCepts** · 02-06-2018, 07:16 AM

Originally Posted by |ceman

what did you base your math on?

19% of nyse market cap ÷ 90% of population × 4

**vickissick07** · 02-06-2018, 07:39 AM

Just lol at libs talking about the stock market.

They don't take ebt so why do you care?

**|ceman** · 02-06-2018, 08:15 AM

Originally Posted by pUniCepts

19% of nyse market cap ÷ 90% of population × 4

so you're assuming that 100% of the 90% of the population in the US are invested in equities?

Half of Americans avoid the stock market - https://www.cnbc.com/2015/04/09/half...ck-market.html

**gachase21** · 02-06-2018, 08:16 AM

Thread saver....

Business reporter chicks

**SillieBazzillie** · 02-06-2018, 08:29 AM

Market's about as volatile as I've ever seen. The good news from all this is that there seem to be plenty of buyers on the downside so I'd say we have a pretty good support at 23.75k. If we fall below 23.5k I'll start to worrry a little.

**gachase21** · 02-06-2018, 08:35 AM

Originally Posted by SillieBazzillie

Market's about as volatile as I've ever seen. The good news from all this is that there seem to be plenty of buyers on the downside so I'd say we have a pretty good support at 23.75k. If we fall below 23.5k I'll start to worrry a little.

This is a sporadic finger syndrome investors paradise.

**JtotheIzzo** · 02-06-2018, 08:59 AM

Originally Posted by gachase21

I’ve read a few of his books amongst many other personal finance books.

Listened to him a few times.

I don’t fully subscribe to his approach, and actually disagree with certain aspects, however that being said I think for a majority of people on this forum and people struggling with personal finances his approach is great advice.

I often give any managers I have struggling with personal finances one of his books, along with some of my new younger managers that are up-and-coming.

For certain people I thing Ramsay’s approach is too restraining for greatness.

Of the radio talking heads I used to like Mike Kavanagh(RIP) allot.

What are the best personal finance books you have ever read?

**|ceman** · 02-06-2018, 09:39 AM

Originally Posted by gachase21

Thread saver....

Business reporter chicks

dat dere Maria Bartiromo in the red dress

**Aesthetical** · 02-06-2018, 10:35 AM

hnnnnnnng ^

Also don't really care too much about fluctuation in the market, I'm 35 years away from it mattering.

I will just continue my contributions on the 15th every month.

**gachase21** · 02-06-2018, 11:34 AM

Originally Posted by JtotheIzzo

What are the best personal finance books you have ever read?

I don’t think a single one stands out for me, there are a bunch I’ve read over the years and honestly I’ve read so many they all kinda merge together in my head.

So I’ll prob accidentally leave the best one out...

I’m normally get to know the person before I recommend one, and normally is one of my younger managers.

What’s good for you might not be what’s good for me.

There is value in reading several and then fit your life into what is best for you.

The key is you have to have a plan. whatever the plan is, and having a budget is a non-negotiable- it’s a must.

And then discipline/habit.

So one I’ll recommend, not directly related to personal finance - The power of habit by Charles Duhigg

https://www.amazon.com/Power-Habit-W.../dp/081298160X

I think Dave Ramsay’s Total money makeover is a good one for many people like above posters said.

Personal finance for dummies actually isn’t bad.

The millionaire next door

https://www.amazon.com/Millionaire-N.../dp/1589795474

Think and grow rich

https://www.amazon.com/gp/aw/d/19378...row+rich&psc=1

The richest man in Babylon by George S. Clason

https://www.amazon.com/Richest-Man-B...4a2a1b7256a433

Smart Couples Finish Rich

https://www.amazon.com/Smart-Couples.../dp/0767904842

Die broke

https://www.amazon.com/Die-Broke-Rad..._1517943950294

The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money
https://www.amazon.com/Behavior-Gap-.../dp/1591844649

There are many more, and I will say each of these have some things I slightly disagree with or don’t follow.

In all honestly I think reading some biographies about great people you admire has more value.

**|ceman** · 02-06-2018, 11:40 AM

Power of Habit is an insanely good book and enjoyable read. ^^^^

Good list, dude.

**gachase21** · 02-06-2018, 11:55 AM

A few investing ones for those interested in starting

One up wall street

https://www.amazon.com/One-Up-Wall-S.../dp/0743200403

Extraordinary Popular Delusions and The Madness of Crowds

https://www.amazon.com/Extraordinary.../dp/1463740514

The intelligent investor Benjamin Graham

https://www.amazon.com/Intelligent-I.../dp/0060555661

Super Stock, by Kenneth Fisher.

https://www.amazon.com/Super-Stocks/dp/B003A02YL0

How to make money in Stock Market, by William O'Neil.

https://www.amazon.com/How-Make-Mone.../dp/0071614133

Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage, by Mary Buffett.

https://www.amazon.com/Warren-Buffet.../dp/1416573186

Irrational Exuberance

https://www.amazon.com/gp/product/B0...0b9fa6990fde67
https://www.amazon.com/Warren-Buffet...-Financial-Sta

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