General Market Jibber Jabber Thread

[sonatine]

2022 - the worst start to a year on record for the Nasdaq.

YTD thru April:
2022: -19.8%
1973: -19.4%
2001: -14.3%
2002: -13.4%
2005: -11.7%
1984: -11.2%

[sonatine]

market is down $5 trillion this year alone which is more than it lost during the entire dot com bubble crash:






the solution of course should be obvious:



SPOILER

[gauchojake]

Don't think I wont

[sonatine]

[sonatine]

[sonatine]

apparently a lot of the 'lol crypto no thanks i know a ponzi when i see one' crowd piled their net worth into space & tech stocks at the literal top because of fomo and they are having a very, very bad time.

[Sanlmar]

The safety of crypto during inflationary times

[sonatine]

quick reminder haters

[Sanlmar]

This reassurance means the world to me

[sonatine]

just saw someone go off on the 'but muh market manipulation' crowd by saying the market is PVP and there are no participation trophies and it might be the single truest thing i ever read.

like honestly you might lose money because youre wrong or you might lose money because you dont have the resources that the dude on the other side of the trade does but either way, its an L and you knew what you were up against and if you didnt, its because you didnt spend 5 minutes doing DD.

[Sanlmar]

Been selling the spikes?

you always get a mulligan.

I spy a bearish engulfing on the DXY.

I saw a 50 point nazz move late day and then poof. You really are humbled by this shit sometimes. Frightening to look at. ABC’s down everywhere you look.

I glimpsed into CNBC yesterday. Honestly I can’t recall anything that was said cause, well you know. I would give my left nut to have taped that (900 point up day).

sold business and signed papers Monday. Price agreed to a month ago. There won’t be any canned meats or bottled water left in a 25 mile radius.

7 trillion of value erased from the earth. Arose from nothing and departed without a trace.

[sonatine]

i mean, you know... "value"

[Sanlmar]

shit that interests me

Kremlin confirms talks to return to the gold standard.

China Holds Internal Meeting With Top Bank Officials Amid Fears Of Potential US Sanctions. I need to study more but my initial take is they seem resigned to being hostage to the dollar.

the upshot, of course, is EVERY NATION is exposed to similar sanctions as Russia. It’s only prudent to map a dollar exit if possible.

what has surprised me is that the world began the dollar exit strategizing after the housing crisis. This ain’t a Ukraine phenomenon. Certainly a further catalyst and intellectually accessible to randoms like me.

In 2008 the US chose to bail out the banks and our domestic issues instead of defending the dollar world-wide as Volker had in the 70’s. Volker elected to raise rates and do the right thing by the dollar and submit the US domestically to a great deal of suffering. The world appreciated that and for 40 years the dollar was solid in the eyes of the world. That era is done son.

absolutely fascinating stuff

[sonatine]

i think china is in an awkward position exactly because of what a shitshow the RU/UA situation has become. no one really anticipated it, not even our intelligence people. we predicted kiev would fall in like 4 days. so i think china is forced to honor its commitments but is also trying to make very, very sure they dont get nuked if russia goes pisswild and putin is, in fact, the 'bejeweled madman rising in the east' that nostrodamus warned us about.

case in point; china demurring re russias request for material support. china didnt sign on for ww3, china just wanted to dovetail in behind the fall of ukraine and whisk up their little taiwan while president trump spent his 2nd term devouring our middle class for fun and profit.

a lot of things did not go the way a lot of people expected.

so im really not sure if we will see china lean into this nonsense further.

what i am sure of is that i absolutely 100% do not want to be on american soil until russia has a regime change or considers its blood debt paid (and probably gets nuked in turn by china for its efforts).

[Sanlmar]

One last fun tidbit.

remember savings rates during Covid? Savings rates are damn near zero. Gosh, just like 2008 / 2009? Why, yes.

[sonatine]

[gauchojake]

Lol

[sonatine]

it really is breath taking

Embedded Tweet

[sonatine]

something to consider re tomorrows jobs report;

this is from 2018 under similar circumstances and the market fucking exploded like johnny wadd.

https://www.cnbc.com/2018/02/02/nonf...-jan-2018.html