Current Events > PSA: The stock market crash is here

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clearaflagrantj
10/29/18 10:39:00 PM
#1:


This country is going to implode, I'm talking irl Purge levels of panic
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Pitlord_Special
10/29/18 10:41:12 PM
#2:


This is good for Bitcoin
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Posted from my iPhone 8
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#3
Post #3 was unavailable or deleted.
ssj3vegeta_
10/29/18 10:41:36 PM
#4:


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Dash_Harber
10/29/18 10:42:52 PM
#5:


Pitlord_Special posted...
This is good for Bitcoin


Lol, yeah, great plan. Take the money from the banks ... and give it to private, rich, elite who can't be held accountable and answer to no government. Greaaaaat plan.
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Squall28
10/29/18 10:43:19 PM
#6:


Is it? What has happened? I was going to buy more.
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Returning_CEmen
10/29/18 10:44:02 PM
#7:


Waiting my my crypto holding to bounce back
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Unknown5uspect
10/29/18 10:45:15 PM
#8:


Damn DJIA down over 8% in the last month.

Will it keep slipping?
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Eevee-Trainer
10/29/18 10:49:04 PM
#9:


Is this just a crypto thing? The title made me think the actual stock market.

Everyone kinda knew crypto was going to collapse in on itself eventually. <_<
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ScazarMeltex
10/29/18 10:52:35 PM
#10:


Dash_Harber posted...
Pitlord_Special posted...
This is good for Bitcoin


Lol, yeah, great plan. Take the money from the banks ... and give it to private, rich, elite who can't be held accountable and answer to no government. Greaaaaat plan.

The banks weren't held accountable for anything during the last collapse, even though they caused it. Hell the government bailed them out.
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__aCEr__
10/29/18 10:53:02 PM
#11:


Bears are the new bulls.
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FLUFFYGERM
10/29/18 10:53:42 PM
#12:


ScazarMeltex posted...
Dash_Harber posted...
Pitlord_Special posted...
This is good for Bitcoin


Lol, yeah, great plan. Take the money from the banks ... and give it to private, rich, elite who can't be held accountable and answer to no government. Greaaaaat plan.

The banks weren't held accountable for anything during the last collapse, even though they caused it. Hell the government bailed them out.


https://www.bloomberg.com/opinion/articles/2018-10-26/jpmorgan-s-secret-growth-punishment
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Eat communists.
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#13
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FLUFFYGERM
10/29/18 10:54:20 PM
#14:


Also, TC, no we're not in crash territory yet. We're barely even entering correction territory and a correction would be healthy right about now.
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Eat communists.
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#15
Post #15 was unavailable or deleted.
Kombucha
10/29/18 10:59:17 PM
#16:


Eevee-Trainer posted...
Is this just a crypto thing?


IDK BTC did an abrupt loss of shy of $200 in value.... sounds like just another Monday.
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Dash_Harber
10/29/18 11:08:18 PM
#17:


Goats posted...
Eevee-Trainer posted...
Is this just a crypto thing? The title made me think the actual stock market.

Everyone kinda knew crypto was going to collapse in on itself eventually. <_<


No, not just crypto. Wall Street isn't doing so swell the last couple of weeks either. Not sure if we're at the start of another 08 crash, but it's likely not looking good for the immediate future cricketune.


IIRC, the American market is a bear right now because the tariffs are making investors really nervous. Despite the fact that tariffs are supposed to drive up demand for local companies and products, they can actually increase the cost on those companies if they rely on foreign imports for materials or services, especially if the resource is limited in their native country.
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Unknown5uspect
10/29/18 11:09:59 PM
#18:


Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao
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Unsugarized_Foo
10/29/18 11:10:45 PM
#19:


Its fine
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Dash_Harber
10/29/18 11:12:22 PM
#20:


Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.
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Unknown5uspect
10/29/18 11:17:10 PM
#21:


Dash_Harber posted...
Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.

Nah nah. Nothing in particular. I just think the idea of using tariffs to drive local business is hilarious, because it isn't actually working that way.
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Dash_Harber
10/29/18 11:18:34 PM
#22:


Unknown5uspect posted...
Dash_Harber posted...
Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.

Nah nah. Nothing in particular. I just think the idea of using tariffs to drive local business is hilarious, because it isn't actually working that way.

I totally agree. I'm just saying that is why people implement them. They don't work anymore, though. Protectionism only worked during the pre-industrial era, as far as I can tell, and even then, it was a pretty risky endeavor.
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Solar_Crimson
10/29/18 11:18:53 PM
#23:


Goats posted...
cricketune

Kricketune starts with a 'K'.
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muchdran
10/29/18 11:19:06 PM
#24:


Dash_Harber posted...
Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.

China has fucked us with tariffs for a long time, so fuck them
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Unknown5uspect
10/29/18 11:20:40 PM
#25:


muchdran posted...
Dash_Harber posted...
Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.

China has fucked us with tariffs for a long time, so fuck them

You mean fuck us, because that's what's happening with us implementing these tariffs. So, idk, gj hating America.
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Dash_Harber
10/29/18 11:21:23 PM
#26:


muchdran posted...
Dash_Harber posted...
Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.

China has fucked us with tariffs for a long time, so fuck them

Yeah, let's stop them from selling us the raw resources and products we need to do business and manufacture for cheaper than we can produce them ourselves! America! Fuck yeaah!
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Kombucha
10/29/18 11:23:55 PM
#27:


muchdran posted...
China has fucked us with tariffs for a long time, so fuck them


You realize that the Trump tariffs have done nothing to reduce the trade surplus China has on us right? Chinese trade surplus was at a record high in September, 2018.

https://www.reuters.com/article/us-china-economy-tradae-surplus-usa/chinas-september-trade- surplus-with-u-s-widens-to-record-34-13-billion-idUSKCN1MM07V
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FLUFFYGERM
10/29/18 11:25:13 PM
#28:


Dash_Harber posted...
muchdran posted...
Dash_Harber posted...
Unknown5uspect posted...
Dash_Harber posted...
Despite the fact that tariffs are supposed to drive up demand for local companies and products

Lmfao

I'm not sure if you are laughing at the idea of tariffs or of how I'm describing them, because I pointed out why the former is stupid and the latter is pretty accurate when you are considering the elevator pitch people pushing tariffs make.

China has fucked us with tariffs for a long time, so fuck them

Yeah, let's stop them from selling us the raw resources and products we need to do business and manufacture for cheaper than we can produce them ourselves! America! Fuck yeaah!


huh

weird

when bernie sanders proposed doing exactly that, CE seemed to love the idea
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Do good.
Eat communists.
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clearaflagrantj
10/30/18 1:04:34 PM
#29:


FLUFFYGERM posted...
Also, TC, no we're not in crash territory yet. We're barely even entering correction territory and a correction would be healthy right about now.

If the market crashes what are you going to say about "muh tax cuts"

Also who exactly is trying to control the citizens I never got a straight answer on that one
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El Mexicano Texano
10/30/18 1:06:23 PM
#30:


We never got an answer about your Bitcoin and stuff
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clearaflagrantj
10/30/18 1:07:30 PM
#31:


El Mexicano Texano posted...
We never got an answer about your Bitcoin and stuff

What about it
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happibivouac
10/30/18 1:07:54 PM
#32:


Goats posted...
Yeah it's pretty bad, and most of CE isn't even talking about it sneasel.

we're still mourning the lose of coffeebeanz
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spanky1
10/30/18 1:17:33 PM
#33:


My year to date returns is currently sitting at -5.11%

That's a negative before the number.
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Darkman124
10/30/18 1:18:17 PM
#34:


im buying with both hands

have been throughout the last week

spanky1 posted...
My year to date returns is currently sitting at -5.11%

That's a negative before the number.


about -3.5% here but i made some strategic entries during feb lows that are still in the green

it's nbd
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Squall28
10/30/18 1:25:05 PM
#35:


Darkman124 posted...
im buying with both hands

have been throughout the last week

spanky1 posted...
My year to date returns is currently sitting at -5.11%

That's a negative before the number.


about -3.5% here but i made some strategic entries during feb lows that are still in the green

it's nbd


I jumped the gun and bought two weeks ago, and I don't want to dip into my reserves to buy more

I'm hoping the price stays low for a few more weeks so I can buy when my paycheck comes in.
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If you're going through hell, keep going.
-Winston Churchill
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Darkman124
10/30/18 1:30:49 PM
#36:


Squall28 posted...

I jumped the gun and bought two weeks ago, and I don't want to dip into my reserves to buy more

I'm hoping the price stays low for a few more weeks so I can buy when my paycheck comes in.

fwiw, i did too, but i only put 10 in.

i've put a lot more in since.

did somewhat expect this, market instability as perceived reaction to dems taking away the tax cuts. reality, it's a short-term reaction to trump's idiot ball tariffs, and it will resolve post-election regardless of who takes office, likely because whoever does will be touting their opposition to tariffs.

trump's already started lying and claiming there are no tariffs, so we're not too far from him reversing on the subject.

fed reserve QT is the bigger issue to me.
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Darkman124
10/30/18 1:59:20 PM
#37:


just had a GE limit order ive had standing for a week--since day after culp was elected CEO--fill

morning of, i sold out at 13. figured it would follow the trajectory it has repeatedly over the last year: big spike up, followed by larger drop soon after. did.

i picked a fuck it price for that investment, tusa's $10 to put it all back in.

my limit order partially filled like 8 times before finally filling completely. LOT of people with limit orders at 10, looks like.
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Squall28
10/31/18 6:14:46 PM
#38:


Darkman124 posted...
Squall28 posted...

I jumped the gun and bought two weeks ago, and I don't want to dip into my reserves to buy more

I'm hoping the price stays low for a few more weeks so I can buy when my paycheck comes in.

fwiw, i did too, but i only put 10 in.

i've put a lot more in since.

did somewhat expect this, market instability as perceived reaction to dems taking away the tax cuts. reality, it's a short-term reaction to trump's idiot ball tariffs, and it will resolve post-election regardless of who takes office, likely because whoever does will be touting their opposition to tariffs.

trump's already started lying and claiming there are no tariffs, so we're not too far from him reversing on the subject.

fed reserve QT is the bigger issue to me.


Has fed reserve QT ever caused a recession though? Like I don't see anything catastrophic coming from it.

Also I'm surprised you haven't given up on GE. They've completely lost my trust. The SEC is investigating them again. Their accounting practices have been really shady.
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If you're going through hell, keep going.
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Darkman124
10/31/18 7:45:15 PM
#39:


Squall28 posted...
Has fed reserve QT ever caused a recession though? Like I don't see anything catastrophic coming from it.

Also I'm surprised you haven't given up on GE. They've completely lost my trust. The SEC is investigating them again. Their accounting practices have been really shady.


as i said i did give up on them when culp was appointed CEO and they shot up. that was my exit. i lost a lot of money. but i was able to sell above 13

but what's happened since looks very much like capitulation, so i made a (smaller) re-entry
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