/biz/ - Business & Finance

>dow futures
nice one boomers

at least i finally feel validated for not falling for the tqqq meme

>>22073760
Can you explain? I don't follow bank stocks. My boss likes WFC, though. But he lost big on XOM (I think he bought in over $60.)

The VP of my company lost a shitload on CCL too LMAO. I'm better at investing than they are, or perhaps not better, but entered at an opportune time. 30% up since March, which honestly is a bit low considering (I picked boomer stocks.)

I am fatalistically attracted to boomer shit. I have been going hard as fuck on MMP for the 10% dividend (their balance sheet is strong enough to support it.) Lost me money - my cost average is over $40. WKHS and TSM have paid off very well, however, and I'm comfortable with short term dips in MMP because I'm not reinvesting the 10% dividend, it's tax free, and my money will double off the dividend alone in less than 7 years.

Like a moth to flame, I dipped my toe in XOM today. The market seems to be under the impression that oil is basically over. I am just...not convinced. I think oil is probably one of the few truly fantastic investment opportunities left on the table, especially the large caps. Africa, India, and China are too prudent (perhaps too selfish) to sacrifice their industrialization on the altar of environmental conscientiousness. Demand will rise until at least 2070, when the world's population tops out at about 10 billion (IIRC.)

How come there aren't any lowcap coins or penny stocks which do a 100,000x run like bitcoin from 1 cent to 1000$ ?

You'd think the lower the starting marketcap the easier it is to reach high gains.

Or did I not look on coinmarketcap hard enough?

>>20223050
XOM a good buy under $40, but there's risk there because they'll probably end up cutting their div before it's all over.

Another one to watch is MMP, wait for under $40.

MRO a good buy under $4.50

>>20215139
that's how you know the system is completely and utterly rigged against the common man. these kike boomer faggots don't want chinese money interfering with their PnDs but they're perfectly fine letting chinese money price everyone else out of the housing market so they can double their HELOC and flip houses eternally. I will never, never stop seething at how horrendously bad the housing market has become in cities, for completely ridiculous and completely preventable reasons. They could fix this shit literally overnight and the only people who would be "hurt" would be Jew boomer landlords and Jew banks. But they won't - better to keep the common man shackled to a ridiculously huge mortgage principal balance. At least interest rates are low goyim =D

Let's just take a step back for a second and try to divine Powell's logic:
>Stocks off only ~5% from ATH after one of the fastest, most insane recoveries in market history
>States reopening
>No surge in cases, 2nd wave looking less and less likely
>P/E Multiples at historic highs indicating market is significantly overbought
...and the guy decides to take the nuclear option to prop up equity/debt markets? What the fuck is this man doing? Yes I am a bear, yes I'm gay and retarded and betting against America, but what the fuck was this guy thinking? What does he know, and what is he going to say at 10AM tomorrow?
If the past three months have taught me anything, it's that I'm certainly not the smartest person to ever live, but it seems to me that there is an absurd disconnect between Powell's actions and the facts on the ground as we know them. This was an incredibly drastic move on the Fed's part; are they trying to frontrun something horrible here?

>>19029973
I simply cannot count how many times that I faked a work phone call (medfag) and told them that they had to leave because I had to go in. They would have to pay me to stay.

Whats up with all the YT traders?why are they so cringy and try hard. Theyre all fucking normies too.

based oracle, saving /biz/ yet again

>>18671441
>tfw up $7500 this week on my otherwise pitiful portfolio

I wish I could do that every week. I want to celebrate by throwing a few hundred bucks at a couple of crypto moonshots but this fucking site has me completely paralyzed

:3

>>18165994
let's do some back of the napkin calculation and try to figure this out:

We will use 350m as the population of America

Best case scenario: assume 30% gets infected (VERY generous) and death rate is half a percent (VERY generous)

350*.3*.005 = 525,000 dead

Again that is literally the BEST case scenario - very low likelihood of happening

Let's assume a "cautiously optimistic" middle of the road kind of scenario: 50% get the virus (probably about right,) death rate of 2% (optimistic but not unreasonable)

350*.5*.02 = 3,500,000 dead

For funsies, let's do a "worst case" scenario - let's assume the spread goes out of control on the east coast as we are seeing in Jew York and a significant death rate follows as our healthcare system collapses. We will use 70% infected (not unreasonable - this has been predicted in the recent past) and a 5% death rate.

350*.7*.05 = 12,250,000 dead

That is not an impossible scenario, at all. This thing going to get bad. 5% isn't even that high of a death rate for a complete system collapse - it could be as high as 8% death rate.

I would say 5-8 million is actually a pretty optimistic scenario. 10 would be my high bound estimate for deaths. Shit's going to get real very soon my friend.