/biz/ - Business & Finance

>>19744357
>What benefit is there to the people in power to keep them low so that normies can afford them?

They need enough of us to get rich off of PM's so that when we start paying off houses and buying new cars, it's visible to the normies so they FOMO into the top.

>>18075896
HERES MY ARGUMENT RIGHT HERE FAGGOT
>16 CAPTCHAS

>>18074505
I sold SQQQ at $30, would rebuy at $16-17 DESU

>>18029547
>stock markets go up because value is created by work.
Not in this fucking market. Cashflow and debt money has gone into stock buybacks to artificially inflate the values.

>>17985079
> FOR NO FUCKING REASON!
Yeah no.

>>17939293
They used to be illegal until 1982, then the rules were relaxed.
They're not going to be outlawed for the same reason we're not in the gold standard anymore.
Funny money and being able to pump it into your own stocks speeds up the market a whole lot and gives the people at the top more control to fuck with the economy.
I mean who's going to be calling for outlawing buybacks when a massive company can pull 100% or more growth a year?
It's shortsighted as fuck, but that's people for you. Got to get that quick profit.

>>17939385
Yeah I know this has been more or less public information for ages and even back in 2008 people were calling the forever bailouts and cheap money insane, but many people seem to think the market is fucked just because of corona.
There's this weird idea that we're going to rocket straight back up once this blows over.
The downfall of the debt market won't stop now even if the virus disappeared tomorrow and the more people realize this the better.

>>17939734
They should have just let the normal market cycle complete back in 2008 and we would have been more or less ok.
But no, got to get the fast growth and recovery.
This is one of the biggest reasons Millenials got so fucked. The halted market cycle never allowed crab market and slow growth, which would have given younger people time to jump in and start building their wealth.
I guess that's one big reason for the lack of buying power. There's a generation missing from the purchasing power equation and everyone is also full of debt.
That's what you get for kicking the can down the road and now is the time to pay.

>>17917877
Think there might be a few more fundamental reasons for the market plunging down like this, but eating a bat was a fun catalyst to get things going.

None, because the conomic damage was caused already by the economy itself over the last decades.
The shitshow is now just unraveling in front of us, but we were heading this direction regardless of the virus.
It's not a coincidence that a fuckload of CEOs left this year. Market was getting unsustainable and they left before it could tank.
Market is dumping so hard because it hasn't been running on any fundamentals since 2008 or even longer.
08 was printed out of existence and the market knows it. After that it's just been debt money propping this house of cards up along with stock buybacks.
This is going to dive very deep before the pain stops and then it's a long ass way to recovery.
Basically a total reset of the market where shitty companies are finally allowed to fail. If only because they simply can't bail out everyone.

I think I'm going to dump my SQQQ today boys, been holding since <$20, but it feels like it's time for a couple weeks of crabbing & bull trap before the next big leg down.

>>17888083
why not? airlines get to. don't tell me you support jews anon