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(CNN)   Markets are starting to act super strange. The shrooms must be kicking in   (cnn.com) divider line
    More: Strange, Peak oil, Petroleum, Central bank, Federal Reserve System, Monetary policy, Market trends, Musk's Twitter deal, oil production  
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834 clicks; posted to Business » on 06 Oct 2022 at 9:36 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



34 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-10-06 9:41:16 AM  
What, the dead cat bounce earlier this week wasn't enough to get your portfolio back in the black?
 
2022-10-06 9:42:02 AM  
Let's party like it's 1929.
 
2022-10-06 9:42:08 AM  
You've heard of a bear market. You've heard of a bull market. This is bat country.
 
2022-10-06 9:44:22 AM  
Without the Fed injecting steroids, the markets have no f*cking clue what to do.

It's like they are a kid who just lost their allowance and are crying that they have to actually find a job.

Price discovery is going to be a b*tch.
 
2022-10-06 9:46:34 AM  
The market has been unusually schizophrenic for about the last year. My portfolio is now sitting about where it was 3 1/2 years ago. The difference though, is back then it was heading up.
 
2022-10-06 9:52:56 AM  
So... buy some more dry goods? Get a ton of clearance seed packets?  Invest in durable goods?
 
2022-10-06 9:54:45 AM  
I've given up on paying attention to the stock market. I remember back in 2017 it was all doom and gloom about how the market simply couldn't keep rising any further and we were due for a correction, blah, blah, blah. If I had listened to the warnings then I would have been out 5 years of solid growth. Which, of course, has now come crashing back down, but at least I got some sweet dividends in the meantime.
 
2022-10-06 9:55:56 AM  
What's strange about it? 

Rational behavior assumes a baseline of need. Wealth inequality is so absurd that this is a mere pissing contest to the people who own approximately 95% of the market. They can upend the whole thing just for entertainment.
 
2022-10-06 10:02:15 AM  

kittyhas1000legs: Invest in durable goods?


Oof, that's a dangerous play. Investment slows down in a recession, which isn't great for big ticket durables. I'd put my money into consumer staples that people need no matter what the economy is doing. Basic foodstuffs and consumables like laundry detergent are boring, slow-growth categories, but they also don't fall as far and as fast.
 
2022-10-06 10:10:01 AM  
Or, you know, they're just manipulating the markets to squeeze out what they can before the inevitable crash.

Because running the world's largest economy like a frat house toga orgy has never gone badly.
 
2022-10-06 10:19:17 AM  

Shaggy_C: I'd put my money into consumer staples that people need no matter what the economy is doing.


My father-in-law used to work for a restaurant supply store.  The owners also own a couple of liquor stores and a pretty nice chain of sex shops.  Well, more like sex superstores.  Several aisles each of toys, movies, and outfits.  One of them has a big cage containing their bondage department.  Before Christmas time the FIL would go to the stock room to find an espresso maker and have to maneuver around pallets of dildos before they were distributed.

Liquor and sex.  No matter how the economy is going you'll make a sale, you just have to switch up your inventory.
 
2022-10-06 10:31:21 AM  

kittyhas1000legs: Before Christmas time the FIL would go to the stock room to find an espresso maker and have to maneuver around pallets of dildos before they were distributed.


♫ ♫ The best part of waking up is dildo in your butt. ♫ ♫
 
2022-10-06 10:36:21 AM  
I want to post the gayest bear scene, but I'm not gay enough to cloud my search history.
 
2022-10-06 10:48:10 AM  

FortyHams: You've heard of a bear market. You've heard of a bull market. This is bat country.


media3.giphy.comView Full Size
 
2022-10-06 10:56:05 AM  

xanadian: kittyhas1000legs: Before Christmas time the FIL would go to the stock room to find an espresso maker and have to maneuver around pallets of dildos before they were distributed.

♫ ♫ The best part of waking up is dildo in your butt. ♫ ♫


Of course it's company policy never to, imply ownership in the event of a dildo... always use the indefinite article "a" dildo, never "your" dildo.
 
2022-10-06 10:56:43 AM  
Oh no, our retirement!
 
2022-10-06 11:07:10 AM  
Wow man, the economy is so....economical...
Fark user imageView Full Size
 
2022-10-06 11:10:16 AM  

NateAsbestos: Oh no, our retirement!


Can't lose your retirement if you had no retirement to start.

pointsattemple.jpg
 
2022-10-06 11:36:05 AM  

Shaggy_C: I've given up on paying attention to the stock market. I remember back in 2017 it was all doom and gloom about how the market simply couldn't keep rising any further and we were due for a correction, blah, blah, blah. If I had listened to the warnings then I would have been out 5 years of solid growth. Which, of course, has now come crashing back down, but at least I got some sweet dividends in the meantime.


What 5 year of "solid growth" looks like:
Fark user imageView Full Size
 
2022-10-06 11:52:41 AM  
nah nothing is strange, everything is happening in a predictable way, if only you had the right model to understand it.
When you thought you knew, and then things get "strange/weird" such that you now don't  know....well maybe you never did understand all along, and it just took more time to show you your models were wrong than you figured it would.

Yeah like maybe you can appear to be right for a time, while still actually being wrong about the bigger picture reality going on.
 
2022-10-06 12:02:33 PM  
upwards, plummet back down and then do it all over. Stock market volatility is at its bumpiest level since July.

Stocks haven't been this crazy since... 3 months ago.  Finance pundits are getting worse at new dangers.
 
2022-10-06 12:06:21 PM  

Tyrone Slothrop: Shaggy_C: I've given up on paying attention to the stock market. I remember back in 2017 it was all doom and gloom about how the market simply couldn't keep rising any further and we were due for a correction, blah, blah, blah. If I had listened to the warnings then I would have been out 5 years of solid growth. Which, of course, has now come crashing back down, but at least I got some sweet dividends in the meantime.

What 5 year of "solid growth" looks like:
[Fark user image image 692x281]


That's 30% not inclusive of dividends.  Seems ok to me.  I'll just hang around and let the dividends reinvest.
 
2022-10-06 12:08:26 PM  

Rapmaster2000: Tyrone Slothrop: Shaggy_C: I've given up on paying attention to the stock market. I remember back in 2017 it was all doom and gloom about how the market simply couldn't keep rising any further and we were due for a correction, blah, blah, blah. If I had listened to the warnings then I would have been out 5 years of solid growth. Which, of course, has now come crashing back down, but at least I got some sweet dividends in the meantime.

What 5 year of "solid growth" looks like:
[Fark user image image 692x281]

That's 30% not inclusive of dividends.  Seems ok to me.  I'll just hang around and let the dividends reinvest.


Also, that dip at the beginning of the pandemic meant that money going to your 401k was buying shares at a significant discount.
 
2022-10-06 12:28:22 PM  
I read that whole dang article and while I understood the words, nothing about it made sense. I took FINC in grad school, and aside from NPV and its cousins, I am still convinced it's little more than black magic. Finance is worse than quantum physics. Every bit as confusing and nonsensical, but at least with QP, the equations work consistently.
 
2022-10-06 1:48:03 PM  

FortyHams: You've heard of a bear market. You've heard of a bull market. This is bat country.


Thats what happens in controlled markets
 
2022-10-06 3:03:15 PM  

Shaggy_C: I've given up on paying attention to the stock market. I remember back in 2017 it was all doom and gloom about how the market simply couldn't keep rising any further and we were due for a correction, blah, blah, blah. If I had listened to the warnings then I would have been out 5 years of solid growth. Which, of course, has now come crashing back down, but at least I got some sweet dividends in the meantime.


Everyone wants to live off other peoples labor
 
2022-10-06 3:04:45 PM  

MusicMakeMyHeadPound: What's strange about it? 

Rational behavior assumes a baseline of need. Wealth inequality is so absurd that this is a mere pissing contest to the people who own approximately 95% of the market. They can upend the whole thing just for entertainment.


Shush!!

Most farkers still believe theyll be rich one day
 
2022-10-06 3:09:12 PM  

Linux_Yes: MusicMakeMyHeadPound: What's strange about it? 

Rational behavior assumes a baseline of need. Wealth inequality is so absurd that this is a mere pissing contest to the people who own approximately 95% of the market. They can upend the whole thing just for entertainment.

Shush!!

Most farkers still believe theyll be rich one day


Yeaaaah. Wow. You don't get to talk, Mr. "Ethereum To The Moon"
 
2022-10-06 3:58:00 PM  
Don't worry, Big Broker is making money all the way.
 
2022-10-06 4:08:55 PM  

MusicMakeMyHeadPound: Linux_Yes: MusicMakeMyHeadPound: What's strange about it? 

Rational behavior assumes a baseline of need. Wealth inequality is so absurd that this is a mere pissing contest to the people who own approximately 95% of the market. They can upend the whole thing just for entertainment.

Shush!!

Most farkers still believe theyll be rich one day

Yeaaaah. Wow. You don't get to talk, Mr. "Ethereum To The Moon"


Arent you jumping the gun a bit??

I bought w the intention to keep 10 to 15 years.

Its called investing.  Not gaming

I bought into tech that i believe has a real future not bec i thought it would make me rich
 
2022-10-06 8:52:41 PM  

NewportBarGuy: Without the Fed injecting steroids, the markets have no f*cking clue what to do.

It's like they are a kid who just lost their allowance and are crying that they have to actually find a job.

Price discovery is going to be a b*tch.


Is it time to update your handle to NewportBearGuy?
 
2022-10-07 1:06:49 AM  
The marker has been decoupled from reality for a while now because it's running out of free money. It's not strange, it is obvious. No matter how much you love Biden, we are entering a recession and it's not his *fault* that we are entering a recession. It is time for a recession.

Fark user imageView Full Size
 
2022-10-07 7:44:31 AM  
Well when was the last time the market was considered normal?
 
2022-10-07 8:00:09 AM  

PvtStash: nah nothing is strange, everything is happening in a predictable way, if only you had the right model to understand it.
When you thought you knew, and then things get "strange/weird" such that you now don't  know....well maybe you never did understand all along, and it just took more time to show you your models were wrong than you figured it would.

Yeah like maybe you can appear to be right for a time, while still actually being wrong about the bigger picture reality going on.


You basically just described every economist in history.
 
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