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  1. #1
    Registered CEO jmoneyjumpman's Avatar
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    Hot take: this is a correction that was needed for a while

    Coming from an investor's point of view the economy had been soaring so high that it was bound to fall at some point going at the insanely fast pace it was. Whatever goes up can come right back down and fall twice as hard. I don't think the fed will let the virus pandemic get too bad, this is definitely not a depression. Looking at the broader spectrum this correction will weed out some flaws in the system and bring more value into the economy, and eventually we'll be better than what we were. Companies were way overvalued and we were due for this.
    Last edited by jmoneyjumpman; 03-23-2020 at 09:50 PM.
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  2. #2
    Registered User BulkingIsHard's Avatar
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    Weed out what flaws? The feds have confirmed they will bail out every large company no matter how many or how significantly stupid financial decisions have been made. We were in a 10 year bull market and pretty much every company is whining for corporate welfare not even 3 months into the correction.
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    Forever aBOARD guest89's Avatar
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    Awesome. Thanks for your input.
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    Registered User knightofday's Avatar
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    Originally Posted by BulkingIsHard View Post
    Weed out what flaws? The feds have confirmed they will bail out every large company no matter how many or how significantly stupid financial decisions have been made. We were in a 10 year bull market and pretty much every company is whining for corporate welfare not even 3 months into the correction.
    I agree that its absolutely fuking risdiculous how thin the ice is these companies are on.

    I know not all industries have huge margins, but to be begging for money after like 2 fuking weeks?! Bruh...

    We all know and see these execs suck every fuking dollar they can out of these companies every chance they get, its almost like they know we're over-leveraged to the fuking moon and its all built on a house of cards...
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