oldschool Posted May 31, 2020 Report Share Posted May 31, 2020 (edited) 1 hour ago, OILERMAN said: I just gave you the numbers of the S&P and the Nasdaq. The S&P 500 is up over 27% since the bottom. If you don't know the market has made a huge recovery since the bottom then you're clueless. You're literally arguing against a fact, and LOLing while you do it Stick to your 401k. The S&P and the Nasdaq are backed by huge tech stocks that didn't crash like Amazon and Microsoft. Any cloud computing stocks that help remote workers are safe. If you don't realize there is way more to economic recovery than the markets you mentioned then I don't know what to say. Ask the 40 million out of work and all the businesses that will never reopen what they think. As for gold it was a joke that gets told all the time as we always hear gold is recession proof and people foolishly put their money in it. Edited May 31, 2020 by oldschool Link to post Share on other sites More sharing options...
OILERMAN Posted May 31, 2020 Report Share Posted May 31, 2020 4 minutes ago, oldschool said: If you don't realize there is way more to economic recovery than the markets you mentioned then I don't know what to say. I clearly and plainly differentiated between the market and real economy and have done so many times throughout this thread. I was the main one in this thread saying that the market could bounce back as fast as it went down. I also pointed to major broad base indexes besides my 401k. This thread has focused on the market, not the real economy. Either you didn't bother read or are just talking out your ass. Talking about it in a condescending manner doesn't make you look any less uninformed. Link to post Share on other sites More sharing options...
oldschool Posted May 31, 2020 Report Share Posted May 31, 2020 (edited) 1 hour ago, OILERMAN said: I clearly and plainly differentiated between the market and real economy and have done so many times throughout this thread. I was the main one in this thread saying that the market could bounce back as fast as it went down. I also pointed to major broad base indexes besides my 401k. This thread has focused on the market, not the real economy. Either you didn't bother read or are just talking out your ass. Talking about it in a condescending manner doesn't make you look any less uninformed. You responded to my post about it being a consumer driver economy with stock market numbers and then said we already had a V recovery. Next time be more specific. Also grow a thicker skin. I was being sarcastic about your 401k. Maybe its a northeast thing as we rag on each other all the time. Probably doesn't come across very well in this format. Whats your take on ETFs? Worth it? Everyone I know is buying MSFT like crazy too. Edited May 31, 2020 by oldschool Link to post Share on other sites More sharing options...
OILERMAN Posted May 31, 2020 Report Share Posted May 31, 2020 19 minutes ago, oldschool said: Whats your take on ETFs? That's all I buy, I don't buy single stocks and I buy broad based ETFs oldschool 1 Link to post Share on other sites More sharing options...
OILERMAN Posted June 1, 2020 Report Share Posted June 1, 2020 22 hours ago, abenjami said: No kidding. Can't wait to see the futures opening tomorrow afternoon. Futures are up currently Link to post Share on other sites More sharing options...
abenjami Posted June 1, 2020 Author Report Share Posted June 1, 2020 42 minutes ago, OILERMAN said: Futures are up currently LOL just came to post it. They dropped a bit at open and then went up. Link to post Share on other sites More sharing options...
abenjami Posted June 1, 2020 Author Report Share Posted June 1, 2020 Posted that from my phone. Actually what happened is futures opened down and then went up but still to a lower point than Friday's close. So technically at this point, futures are down a small bit. Link to post Share on other sites More sharing options...
abenjami Posted June 1, 2020 Author Report Share Posted June 1, 2020 Riots nationwide and the president is literally locked down in the White House, yet the market can't find a way to fall even half a percent. OILERMAN, and ChemEngr79 1 1 Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted June 1, 2020 Report Share Posted June 1, 2020 The market is like the honey badger, it just doesn't give a shit! The market says it's been open for business since March! The market says it feeds on fear mongers! What a beauty this biotch is! EATEATEAT!!! BUYBUYBUY!!! OILERMAN 1 Link to post Share on other sites More sharing options...
SleepingTitan Posted June 1, 2020 Report Share Posted June 1, 2020 This is the craziest shit I've ever seen. Sure insurance companies will get shorted? Jeez Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted June 1, 2020 Report Share Posted June 1, 2020 The Market says unless it's a nuke going off somewhere, bring it bitches! It'll digest anything it eats! No Tums needed! OILERMAN 1 Link to post Share on other sites More sharing options...
OILERMAN Posted June 1, 2020 Report Share Posted June 1, 2020 59 minutes ago, OilerTitanHybrid said: The Market says unless it's a nuke going off somewhere, bring it bitches! It'll digest anything it eats! No Tums needed! a nuke wouldn’t do it. At this point the only thing that can bring this market down is @Jamalismsgetting back in ChemEngr79, SleepingTitan, and OilerTitanHybrid 3 Link to post Share on other sites More sharing options...
abenjami Posted June 1, 2020 Author Report Share Posted June 1, 2020 Jamal take one for the team and get back in! OILERMAN, and OilerTitanHybrid 2 Link to post Share on other sites More sharing options...
Jamalisms Posted June 1, 2020 Report Share Posted June 1, 2020 It would totally happen. But unless there's a retest, I'm out until November or later. I'm so uncomfortable with the funny money market we have right now that I'm gonna buy gold and put it in my mattress or something. It's completely disconnected from the actual economy. Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted June 2, 2020 Report Share Posted June 2, 2020 (edited) 2 hours ago, Jamalisms said: It would totally happen. But unless there's a retest, I'm out until November or later. I'm so uncomfortable with the funny money market we have right now that I'm gonna buy gold and put it in my mattress or something. It's completely disconnected from the actual economy. Here's one for ya. Reminds me of back near the bottom of 2008 crash, when gold and silver were at it's peak, we decided to round up all the spare gold and silver we had and sold it to one of those We Buy Gold shops. We searched the house over for any spare gold and silver trinkets, necklaces, earings. Whatever we could find. She even sold off her nice sterling silver utensil set that her Aunt had given her years earlier. lol I mean fuck it, we never used it and didn't need it, so why not? We didn't make a killing or anything off the stuff we sold, but we did make almost $900 from it all. The gold brought in about $600 and the silver brought in about $300. After that, we watched the market bottom and gold and silver fell off from then on. We were happy about bringing in the cash, but I think we were just as happy (well almost) because we knew we had timed the market just right and sold our shit at the top. That was some good satisfaction there also. Edited June 2, 2020 by OilerTitanHybrid Link to post Share on other sites More sharing options...
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