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(Barron's)   My name is stock market TINA and I'm going to kill you   (barrons.com) divider line
    More: Obvious, John Maynard Keynes, Government bond, Recession, Stock, corporate bond yields, Fundamental analysis, Macroeconomics, Bonds  
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1667 clicks; posted to Business » on 29 Jun 2020 at 9:53 AM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

 
2020-06-29 11:20:25 AM  
5 votes:
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2020-06-29 11:32:39 AM  
4 votes:

edmo: They killed the pensions.
They killed the interest on savings accounts.
They're killing returns on 401(k)s
It never ends.

They taught us regular schmoes how to make a buck investing and are systematically taking away that ability.


No offense because I've been through it all, from losing pensions to savings accounts being flushed down the toilet. But there are always cyclical economic downturns. The returns over the past decade

There was always going to eventually be a recession. This came early because of COVID. It is made worse by federal mismanagement, starting years ago with tax cuts on the wealthiest Americans, then a poor pandemic response, and then funneling money directly into the coffers of failed industries to prop them up.

That doesn't necessarily mean your 401k is farked. However you are correct that it never ends. We always have to be vigilant against the interests of ruthless capitalists.
 
2020-06-29 11:22:20 AM  
4 votes:

jso2897: I'm glad I'm retired and old and it was time for me to get out of equities anyway.
I don't feel uncomfortable just sitting on my cash for right now.
For younger people still in the workforce, this sucks shiat.
Bonds and certs are earning nothing, and equities are a terrifying crapshoot.
I don't envy anybody, right now.


They killed the pensions.
They killed the interest on savings accounts.
They're killing returns on 401(k)s
It never ends.

They taught us regular schmoes how to make a buck investing and are systematically taking away that ability.
 
2020-06-29 10:05:13 AM  
4 votes:
vignette.wikia.nocookie.netView Full Size

She rocks. I need to find some time to spend in Borderlands 2 VR this week.....
 
2020-06-29 1:24:19 PM  
3 votes:

jso2897: I'm glad I'm retired and old and it was time for me to get out of equities anyway.
I don't feel uncomfortable just sitting on my cash for right now.
For younger people still in the workforce, this sucks shiat.
Bonds and certs are earning nothing, and equities are a terrifying crapshoot.
I don't envy anybody, right now.


I have a large percentage out as well. The stock market of our youth is a distant memory, one that at least somewhat reflected the actual economy. This one today is as real as a plastic banana, which makes it dangerous as hell. Yet another gift that Trump's tax gift to the rich and corps keeps giving. All that spare cash had to go somewhere (buybacks). It sure as hell was never going to trickle down.
 
2020-06-29 10:48:20 AM  
3 votes:
I'm glad I'm retired and old and it was time for me to get out of equities anyway.
I don't feel uncomfortable just sitting on my cash for right now.
For younger people still in the workforce, this sucks shiat.
Bonds and certs are earning nothing, and equities are a terrifying crapshoot.
I don't envy anybody, right now.
 
2020-06-29 9:25:04 AM  
3 votes:
Algos caused the crash, algos bought the dip... now I wonder what the next chapter holds.

Cash could be eaten by hyper inflation if we keep doing this massive stimulus. Not too sure about gold or silver. Bonds just suck...

Puts and calls on SPY... that's all I know until someone says something different. I'm not touching individual securities. It is a market completely detached from reality... yolo fomo tina... FUBAR.

Good luck. No one has any idea where we're going.
 
2020-06-29 9:53:33 AM  
2 votes:

NewportBarGuy: Algos caused the crash, algos bought the dip... now I wonder what the next chapter holds.

Cash could be eaten by hyper inflation if we keep doing this massive stimulus. Not too sure about gold or silver. Bonds just suck...

Puts and calls on SPY... that's all I know until someone says something different. I'm not touching individual securities. It is a market completely detached from reality... yolo fomo tina... FUBAR.

Good luck. No one has any idea where we're going.


Commercial real estate market is absolutely farked. CLOs could trigger problems in three of the largest US banks. Stimulus money about to run out. Long-term effects of unemployment are about to kick in.

I think gold and silver could be safe havens in the short term, but there's a limit. Possibly crypto but that's high risk and anything but certain. Who knows what will happen when this whole deleveraging event happens.

Every nail and hair salon, every sit-down restaurant, dry cleaners, any kind of service center, clothing stores, malls. Movie theaters. Big box non-grocery stores. Day care centers. Breweries, wineries. The denser the area the more likely people are straying away. All of those places are being killed right now.
 
2020-06-29 11:40:48 AM  
1 vote:

NewportBarGuy: Algos caused the crash, algos bought the dip... now I wonder what the next chapter holds.

Cash could be eaten by hyper inflation if we keep doing this massive stimulus. Not too sure about gold or silver. Bonds just suck...

Puts and calls on SPY... that's all I know until someone says something different. I'm not touching individual securities. It is a market completely detached from reality... yolo fomo tina... FUBAR.

Good luck. No one has any idea where we're going.


The only thing I can think is renewables. Regardless of commercial or residential real estate, and regardless of other energy (e.g., 1/3rd commute-driven, like oil), central-grid renewable energy production is probably a safe bet long, especially with a Democrat slated for the next presidency and a presumably-favorable legislative/tax-credit agenda.

Still subject to a market-wide dump, but logically, it's not something arbitrary and stupid like gold.
 
2020-06-29 10:01:31 AM  
1 vote:
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2020-06-29 9:00:41 AM  
1 vote:
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