How much income are you losing to the covid-19 pandemic?

JoeBlow5823

JoeBlow5823

Well-Known Member
PJ Diaz said:
Nope. Film production and Box Office are two completely different things. Film production is where they make the films. Box Office is where they show the films.
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True.... but no new movies means nothing for theaters to show. Either way, everything is shutting down, all food and entertainment will be affected. Really not reading these headlines all that closely because they are all saying the same thing- Its the end of the fucking world.
 
PJ Diaz

PJ Diaz

Well-Known Member
JoeBlow5823 said:
True.... but no new movies means nothing for theaters to show. Either way, everything is shutting down, all food and entertainment will be affected. Really not reading these headlines all that closely because they are all saying the same thing- Its the end of the fucking world.
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OK Joe. It sounds like you got it all figured out. Enjoy your ivory tower.
 
Rob Roy

Rob Roy

Well-Known Member
rkymtnman said:
i rarely like engaging you but are you able to deal with an almost certain recession? how many squirrels in the deep freez?
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I understand your reluctance to engage me because it hurts your head to have to think.

Squirrels are one possibility, but obese neighbors are a much better option. A little cooking oil, bone meal for the spring crop, what's not to like?
 
Rob Roy

Rob Roy

Well-Known Member
PJ Diaz said:
Apparently gyms starting to close down to..

abc7.com

Garcetti orders closures of bars, gyms, theaters, in-person dining in restaurants to contain coronavirus

Mayor Eric Garcetti has ordered LA's gyms, bars and movie theaters to close and restaurants to stop serving in-person to help contain the new coronavirus.
abc7.com abc7.com
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Slaves require permission to travel. Those without permission, will be whipped and/or sold.

Slaves that turn in disobedient slaves will get an increase in their rations and "free" toilet paper.
 
hanimmal

hanimmal

Well-Known Member
dandyrandy said:
Everyone is sacrificing.....
news.google.com

Google News

Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
news.google.com news.google.com
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It is almost like the banks have been hedging how Trump was going to screw shit up so bad that it would be up to them to have to help stop the American economy from melting down.
 
a mongo frog

a mongo frog

Well-Known Member
Good luck everyone, Market opens in 26 minutes. If working in trades think longevity, might be grinding till 80 years of age.
Scariest day in quite some time. Im leaving the house soon to work see you guys after!
 
JoeBlow5823

JoeBlow5823

Well-Known Member
a mongo frog said:
Good luck everyone, Market opens in 26 minutes. If working in trades think longevity, might be grinding till 80 years of age.
Scariest day in quite some time. Im leaving the house soon to work see you guys after!
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Black Monday 2.0 here we come, its going to be even worse than 1987.
 
Rob Roy

Rob Roy

Well-Known Member
Measuring stock gains and losses in dollars is an incomplete equation though.

The value of a dollar (purchasing power) has historically dropped due to currency expansion, so unless "inflation dollar" adjustments are used, it is difficult to measure. A dollar doesn't have fixed purchasing power value.
 
JoeBlow5823

JoeBlow5823

Well-Known Member
Rob Roy said:
Measuring stock gains and losses in dollars is an incomplete equation though.

The value of a dollar (purchasing power) has historically dropped due to currency expansion, so unless "inflation dollar" adjustments are used, it is difficult to measure. A dollar doesn't have fixed purchasing power value.
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Thats why I look at the market in percentages not points.... 1987's black monday was only a loss of 508 points but that was 22.61% of the market at the time. I think we could pretty easily do worse than that today.
 
Rob Roy

Rob Roy

Well-Known Member
JoeBlow5823 said:
Thats why I look at the market in percentages not points.... 1987's black monday was only a loss of 508 points but that was 22.61% of the market at the time. I think we could pretty easily do worse than that today.
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Real value is subjective. Government subsidies, regulations and licensure (barriers to entry, cronyism, false scarcity etc. ) all are factors that effect "stock market values. When / if they fluctuate, or are subsumed by other regulations another variable is involved that impacts "value", beyond what would have occurred had those factors not existed or shifted.

Bottom line, stock markets don't accurately measure actual value, since they attempt to tabulate commodities subject to factors which are outside of an actual free market supply and demand model, hence skewed and subject to purposeful manipulation.

If "money supply" can cause stock market fluctuation, the people who control money supply have an ace up their sleeve.

I suggest a toilet paper backed money system, much better to wipe your ass with than paper money and can be used for blowing noses.
 
JoeBlow5823

JoeBlow5823

Well-Known Member
Rob Roy said:
Real value is subjective. Government subsidies, regulations and licensure (barriers to entry, cronyism, false scarcity etc. ) all are factors that effect "stock market values. When / if they fluctuate, or are subsumed by other regulations another variable is involved that impacts "value", beyond what would have occurred had those factors not existed or shifted.

Bottom line, stock markets don't accurately measure actual value, since they attempt to tabulate commodities subject to factors which are outside of an actual free market supply and demand model, hence skewed and subject to purposeful manipulation.

If "money supply" can cause stock market fluctuation, the people who control money supply have an ace up their sleeve.

I suggest a toilet paper backed money system, much better to wipe your ass with than paper money and can be used for blowing noses.
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Ive been using toilet paper as currency for years.
srh88 said:
This is the market View attachment 4505914
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LMAO love it! Seems to be stabilizing from this mornings free fall.
 
JoeBlow5823

JoeBlow5823

Well-Known Member
doublejj said:
stock market closed down on less than 1min of trading today....... :roll:
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I think part of that was because after hour trading was so bad, it was down 5% before it even opened then another 5% was lost in the first 10 seconds. It seems to have stabilized, down 10% of course. Many more days like this to come. Put on your seat belts, its gonna be a rough ride.
 
Fogdog

Fogdog

Well-Known Member
temp.png
Dow Jones Average, the last three days of trading. ​

Most of the big drop this morning is due to the run-up in the afternoon of the prior trading session on Friday. It is a sign of market manipulation from some big actor, maybe government, maybe a bank, maybe Trump Enterprises, IDK. A lot of people automatically make regular distributions into their 401k on payday (most times that's on a Friday). They didn't get the good price. The little guy got screwed again. Anyway, it's overall down but not the big deal that Foghorn Leghorn types like @JoeBlow5823 are saying it is. The rough ride is for people who listen to blow hards like him.

Don't sell unless you need the money or you can't stand the idea of losing more. If you do feel you need to sell, just take part of it out of the market. Maybe 20%. If you want less exposure to stocks, take the emotion out of it, plan on taking more out later on a set date in the future -- say two months from now. You can always change your mind then. That's not exactly a revelation but it's true. It's not a rough ride. Fuck that idea.
 
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