/biz/ - Business & Finance

>>19541204
Get in your cage, bobo!

>>19541204
Just hold at this point. There’s no way we won’t see some crazy shit once lower consumer spending gets priced in. Luby’s is getting liquidated. AMC theatres are shuttering. Pier 1 imports shuttered. Dave and Busters took a shit today. I’m telling you guys. The job market shrank big time over the last few months. Wait until the normies working these dead end jobs can’t afford their rent and then we’re going to see some serious shit.

>>19541204
buy while is still cheap bobo

>>19541403
they will handout gibs so people are able to pay rent. it wont stop after june, more free money incoming.

It's fine, just have patience.
The big money has absolutely nowhere to go and keeps on hopping between bonds and stocks, which causes the market to make these big moves.
Unemployment data is also fudged as fuck, the real number is +23%
The market has already shown how incredibly weak it is. It wasn't able to survive half a month without government emergency trillions. It might take a little while but this market is dead and will fall.

>>19541403
This.
The consumer is slowly but surely being played out of the picture and the market can't run without them, no matter how much the big guys throw cheap money around. Earnings going down the shitter can't really be brushed under the carpet.
Also people were getting saturated with debt and having trouble paying their loans before Corona started wrecking things up.
The job loss we have seen from this is just going to make everything infinitely worse.

>>19541867
Doesn't really mean a thing to give people a small stimulus check.
Unless the government straight up pardons all of people's debts or starts giving all of them 2k every single month, then it's like pouring a glass of water on a bonfire

Correction starts on Monday

>>19541867
How the fuck is $1200 going to cover rent and living expenses. These idiots are all in credit card debt as it is. I saw a thread on here that said apartment property developers take out a $20 million loan to fund construction and land acquisition, sell it off to another company that manages it and recoups their expenditure and receive a tidy profit. That means if the management companies can’t get their renters to cough up rent those properties will default and we’re right back where we were in 2008. That’s long term. Short term looks like a pump and dump sell off “it’s never going down” normie bagholding event.

>>19542024
4400$ a month should pay the rent, wtf are you talking about

>>19541939
>>19541403
>>19541981
>>19542024

>>19541981
too soon
it'll be in october to try and influence the election

>>19541403
>lower consumer spending
Bobo, consumer spending is going to SOAR once they're allowed to. There's going to be a flood of consumer spending and optimism. 2020 is this century's 1919.

bobo are you ok?

>>19541204
Printers are still printing brrrr

https://www.youtube.com/watch?v=wKS0tmfe2m8&list=FL0nKjAJ4wzb4VjWOz4_kEvw&index=8&t=0s

>>19542024
2008 recovered in 2 years. What's your definition of long?

>gargantuan countertrend blowout with no institutional traders participating since the March sell-off only retail plebs who think they're trading gurus now with infinite money forever.
We've been down this road before, bulls. Get ready for your 50% crash

>>19541981
I want to believe.

>>19542323
and that ends after july.

>>19544751
Are the markets really being driven by retail? If thats the case then holy shit this will be bad.

>>19545516
Yes with leveraged call options to boot.

>>19544751
ETA on crash?

>>19541981
Ya, no it won't.

>>19542396
It's always October, and it will take everything with it briefly.. Although not for rational reasons, just the sudden panic desire for nice stable dollars that are always worth the exact same number of dollars.

>>19545494
no it doesnt, thats my whole point. trump will extent it

>>19545707
Maybe.

>>19545516
Not really
Tech, telecom, ecommerce is leading as it has been for a while, especially now
Retail is kinda btfo but everyone has know the retailapocalypse was upon us
Hell, /bestbois/ retail got a great bump from this reduced competition and even got the laggards to start using preorder pickup

>>19545582
Holy shit thats going to be a sight to see when things start to tumble.

>>19545897
Retail as in the average investor using robinhood gambling their stimulus.