Market Meltdown

[Farnhamia]

The market just had its biggest single-day gain since 2018, I think they'll live.

This ride ain't over.

It's like getting on the Cyclone right after hearing a couple maintenance guys shaking their heads over the state of the thing.

[True Refuge]

As long as oil costs at least $5 a barrel, SA is making a net profit on it.

Sort of, making a profit is not enough. Saudi Arabia relies almost entirely on oil/petrol based goods exports. It makes up roughly 90% of their economy. If they don't make it hefty profit on it than they're living on their savings. Admittedly Saudi arabia has been preparing for this but other members of OPEC haven't.

That's been OPEC ever since the 70s. The countries hit big time in the embargo, loved the 1979 Iranian Revolution, and never wanted to co-operate again if it meant giving up those sweet short-term oil monies.

OPEC barely influences its members oil policy anyway, except when the Saudis throw a fit.

[Ethel mermania]

This ride ain't over.

It's like getting on the Cyclone right after hearing a couple maintenance guys shaking their heads over the state of the thing.

I have not rode that in a very long time.

[Samadhi]

Now's the time for peak neoliberalism to tie corporations and government together, so when it all falls down soon we can build and maintain our post government voluntaryist future.

[Harkback Union]

Now's the time for peak neoliberalism to tie corporations and government together, so when it all falls down soon we can build and maintain our post government voluntaryist future.

You mean anarcho-syndicalist future?

[Samadhi]

Now's the time for peak neoliberalism to tie corporations and government together, so when it all falls down soon we can build and maintain our post government voluntaryist future.

You mean anarcho-syndicalist future?

As long as it's voluntary I don't care.

[Harkback Union]

You mean anarcho-syndicalist future?

As long as it's voluntary I don't care.

Deal.

Now to survive the apocalypse...

[Samadhi]

As long as it's voluntary I don't care.

Deal.

Now to survive the apocalypse...

I've got the schematic for a 3d printed cruise missile and a damn fine 3d printed.

We good.

[Harkback Union]

Deal.

Now to survive the apocalypse...

I've got the schematic for a 3d printed cruise missile and a damn fine 3d printed.

We good.

I've got a battleship myself.
Well, its a plastic miniature and the turrets broke off but its something.

[Rojava Free State]

Think of all the wagies who invested in stocks hoping to hit it big, only for this to happen.

My mans Brandon is probably screaming looking at his stocks.

[Samadhi]

I've got the schematic for a 3d printed cruise missile and a damn fine 3d printed.

We good.

I've got a battleship myself.
Well, its a plastic miniature and the turrets broke off but its something.

Get guns, rice, vegetables and meat.
It's about all I need.

[The Emerald Legion]

Think of all the wagies who invested in stocks hoping to hit it big, only for this to happen.

My mans Brandon is probably screaming looking at his stocks.

I mean. As long as they don't sell right now, they'll be fine. Their dividends will be fucked for a little bit, but give it a wait. Maybe pick up some new stocks cheap.

[True Refuge]

Think of all the wagies who invested in stocks hoping to hit it big, only for this to happen.

My mans Brandon is probably screaming looking at his stocks.

Perhaps they can take solace in the fresh crop of boomer vs zoomer memes centred on the stock rollercoaster.

[Ethel mermania]

Think of all the wagies who invested in stocks hoping to hit it big, only for this to happen.

My mans Brandon is probably screaming looking at his stocks.

Perhaps they can take solace in the fresh crop of boomer vs zoomer memes centred on the stock rollercoaster.

There is oppertunity in every market.

[Ethel mermania]

And today looks to be another day for the shorts, dow futures are down this morning

[Harkback Union]

The market just had its biggest single-day gain since 2018, I think they'll live.

This ride ain't over.

Quite the rollercoaster.
Remember 2008. They had no coronavirus. And the interest rate didn't start from 1.5%.

[Ethel mermania]

Dow down 1,400 or so points today 5% of value

[Cisairse]

...we're headed for a recession.

[Steppe Khanate]

Now’s the time to buy up stock on companies that won’t completely collapse. Airlines, for example. Excellent investment

[Steppe Khanate]

...we're headed for a recession.

Global recession is still not guaranteed although it looks more likely right now. If it does happen, I recommend buying up stock, you’re essentially getting good companies at a discount. I did this in 2009, worked out splendidly

[Cisairse]

Now’s the time to buy up stock on companies that won’t completely collapse. Airlines, for example. Excellent investment

Yup, a member of my family just made a big drop into DIS.

[Rojava Free State]

Think of all the wagies who invested in stocks hoping to hit it big, only for this to happen.

My mans Brandon is probably screaming looking at his stocks.

Perhaps they can take solace in the fresh crop of boomer vs zoomer memes centred on the stock rollercoaster.

[Albrenia]

I've never been very knowledgeable about the stock market and the like, but this looks to me like just the start of something that's going to get a lot worse before it gets better.

A lot of people must be sweating pretty hard right now, and Trump may well join them if the economy continues to spiral closer to election day.

[Thermodolia]

I've never been very knowledgeable about the stock market and the like, but this looks to me like just the start of something that's going to get a lot worse before it gets better.

A lot of people must be sweating pretty hard right now, and Trump may well join them if the economy continues to spiral closer to election day.

They definitely are.

Chinese and Hong Kong stocks are in free fall.

The Dow Futures are down 900 points

[Bombadil]

I've never been very knowledgeable about the stock market and the like, but this looks to me like just the start of something that's going to get a lot worse before it gets better.

A lot of people must be sweating pretty hard right now, and Trump may well join them if the economy continues to spiral closer to election day.

They definitely are.

Chinese and Hong Kong stocks are in free fall.

The Dow Futures are down 900 points

Yeah, jesus, not only dropped below 25K, which it didn't do through 8 months of protests but it looks to be rapidly sinking below 24K..