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/biz/ - Business & Finance


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53854319 No.53854319 [Reply] [Original]

Sometimes I just like to browse this board looking at all the idiots. Most of you have no idea how financial markets work.
My favorites are the people who read books about the stock market.

>> No.53854467

>>53854319
>My favorites are the people who read books about the stock market.

How else would you recommend us to learn about financial markets?

>> No.53854573

>>53854319
>>53854467
good reply thanks for your wonderful thread and addition to this board

>> No.53854591

>>53854467
That's the point, you can't.

If you knew how the markets really worked you wouldn't invest in it. So why would they let you learn about it.

Most info out there is misinformation and will make you think you learned something, when in reality you just learned what the elite wan you to know.

>> No.53854595

>>53854591
>you can't.
Then how did you?

>> No.53854608

>>53854319
Throw me a bone OP. What is a good investment these days.

>> No.53854618

>>53854591
thats why i invest according to the moon's phases

>> No.53854628

>>53854595
Even if I told you, you wouldn't believe me.

>> No.53854631

>>53854628
I will believe you I am schizophrenic

>> No.53854649

>>53854608
Hold cash for right now.

>> No.53854651

>>53854319
No one here does anything other than gamble on shitcoins. You wouldn't be able find me one "serious" investor

>> No.53854676

>>53854631
Why do you think boomers have been using stock brokers do manage their money?
The trick is getting is your money.
The market plays on peoples vulnerability for greed.
They see money go up and they put more in.
Eventually everything comes crashing down and the poors always get left holding the bag.

>> No.53854694

>>53854676
I already knew this, tell me more

>> No.53854712

>>53854694
Then you are ahead of the curve.
Search for the "DTCC" the more you learn about them the more you will really understand.

>> No.53854721

>>53854319
It's hard to predict because it's chaotic not because there's some secret formula.
Investors who think they understand it are riding on luck.

>> No.53854767

>>53854721
It's made to look chaotic. It's really not.
Insider trading is technically illegal but they do it anyways because they know what's going to happen.
That's why the second earning comes out the market moves. The very second it comes out. No one even has time to read it and that stock will have already made it's move.

>> No.53854781

>>53854712
>DTCC
Appreciate it, will do a deep dive.

>> No.53854821

>>53854781
You're welcome.

You might be surprised what you find.

>> No.53854855

>>53854781
Even if you hate GME and all that shit.

There is some good info on reddit.

The "House of Cards DD" is a great read and you will learn something.

>> No.53854861

>>53854855
>House of Cards DD
Thanks friend, appreciate it. Actual threads on /biz/ is refreshing to see

>> No.53854887

>>53854861
Also if you haven't watched the movie "Inside Job". It's very good. Goes over the 2008 crisis.

Knowledge is power friend.

>> No.53854894

>>53854887
Where do you think the stocks go from here?

>> No.53854931

>>53854894
It's not looking good. I wouldn't try shorting anything or buying puts. It will be impossible to time when the market will go down, but it's gonna go down. Sticking with cash right now is good. If the market doesn't completely collapse then you will be able to buy assets cheap.
Take a look at SuperStonk on reddit. Retarded name but don't let it fool you. Search by top posts of all time and read everything that is tagged Due Diligence. "The Bigger Short" is another great read.

>> No.53854946

>>53854931
I owe you one, I've been in cash awaiting the market to crash, I also believe bitcoin will go down once more to new lows before consolidation prep for 2024-2025, but hard to say for now

>> No.53854979
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53854979

>starts off calling people idiots
>begins shilling GME
You can’t make this shit up

>> No.53854983

>>53854946
After the market crash I will put a decent amount into crypto. Eth has massive utility and actually good alt coins

>> No.53854988

>>53854979
Just read the shit on the subreddit. Even if you don't like GME there is good info there.

>> No.53855057

>>53854319
>GME-posting
>unironically referencing reddit
>"muh ebil market makers!"

jesus christ, you're a fucking moron. go back to whatever subreddit you crawled out of.

>> No.53855075

>>53855057
yeah and 4chan is the holy grail of information. Everyone just shit posts and calls people retards.

>> No.53855092

>>53855057
So quick to dismiss but unwilling to read anything because you already have the preconceived notion that GME is stupid. That's actual retard shit.

>> No.53855100

>>53854676
OP watched the lunch scene in Wolf of Wall Street and now thinks he’s an insider. Apologies you find it impossible to make money in the market. IQ filters can be difficult to swallow.

>> No.53855124

>>53855100
ok now this is actually funny.

>> No.53855176

>>53855124
I’ll check out the house of cards and the bigger short posts tomorrow. But the other anon in this thread agreeing and thanking you make me feel suspicious

>> No.53855201

>>53855176
That's fair.
I was actually surprised someone thanked me for giving them info on here.
You will learn something from reading those posts though, they are pretty good.

>> No.53855244
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53855244

>>53854319
>>53854591
>>53854628
>>53854649
>>53854676
>>53854712
>>53854767
>>53854821
>>53854855
>>53854887
>>53854931
>>53854983
>>53854988
>>53855075
>>53855092
>>53855124
>>53855201
look i'm bumping but only to let people see how much of a redditor you are

>> No.53855254

>>53855244
cool

>> No.53855266

>>53855244
It’s actually crazy that people like this exist holy fuck my jaw actually dropped reading this niggers posts as if he unlocked the Jew code

>> No.53855293

>>53855266
Read the posts that I mentioned and see if you are able to comprehend it. You seem very intelligent

>> No.53855843

Hey I'm with ya bud, I agree that shit is fucked for the short term. I imagine things will get super duper fucked at some point this year then ol Jerome will swoop in to save the day a few months later

>> No.53855858

>>53854855
Meh. I read it and it’s not that great. Dudes mostly just getting pissed at the way the market works and that brokers want to short his stock, even though it makes sense. He pretty much sums it up by saying it’s fractional “asset” banking, and then does literally zero reflection on why fractional reserve banking banking works.

It would still happen even if shares were secured. Look up the founder of overstocks personal blog, he talked back in 2006 about how this works with options, where hedge funds will sell naked calls, which is legal, and then will either roll failures to deliver until the trade is back in the money or will settle in short dated calls.

Honestly, GME is completely astroturfed and is almost guaranteed a way to enrage people to get them to agree to roll out tokenized asset systems because they will be so much “safer” and “stop the illegal short selling”

>>53854887
>watch a movie to learn about the crisis
You can just look up what happened. There’s plenty of documents around what happened and Dodd frank. People still really don’t seem to understand what happened, the interplay between corporate cash holdings and the MMF’s


You can do much better than shilling subpar reddit posts here, if you use your brain.

>> No.53855915

>>53855075
>yeah and 4chan is the holy grail of information
no one is claiming that, this place is a useless shithole, but my man, you're not helping. if you can't explain this in quick rundown format, your information is fucking useless and a waste of my time.

>> No.53856197

>>53855075
like you are doing right now?

>> No.53857598

Actual insider here. I work for Rite Aid. The stock is so fucking undervalued. Also, I am able to see real-time data through the company to see what new drugs are selling well. Novo Nordisk and Eli Lilly are solid right now.