Investing General Discussion

Rangoth

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Yea. That’s most of my portfolio today but I can’t pay attention to whatever’s going on. Seemed like a more widespread and larger drop than just a regular old down day.
 

Sanrith Descartes

I was forced to self-deport from the /pol thread
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Yea. That’s most of my portfolio today but I can’t pay attention to whatever’s going on. Seemed like a more widespread and larger drop than just a regular old down day.
Donald Trump GIF by PBS News
 
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Furry

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I think at some point it comes to an ugly end with Russia. These two countries cant continue to co-exist on each other's border. One or the other will eventually decide to try to fuck the other one hard.
On an infinite timeline maybe, but that’s exceedingly unlikely in the coming century.

Will the markets ever recover after going back two weeks worth of gains?
 
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Rangoth

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lol of course. Wouldn’t even shock me to see a 2 day new all time high or something these days if we get another tweet or peace deal. My 6 month options plays which were up about 15-20% are now all negative. The panda is sad. Can’t even stop losses on that shit because it’s low enough liquidity that it would dump at the end of everyday when the option market makers scan for weakness.
 

Sanrith Descartes

I was forced to self-deport from the /pol thread
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Nasdaq pushing a -3% candle on the day.

edit: blew past that shit. -3.2%

VIX +35% on the day.
 
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Sanrith Descartes

I was forced to self-deport from the /pol thread
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Rangoth

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Didn’t read the article and don’t care about NFL dudes but I have nothing against someone getting way more than was stolen from them if proven.

getting the exact amount back never covers potential loses from opportunity, stress, lawyers, hassle, and general life trauma in dealing with all that shit.
 

Sanrith Descartes

I was forced to self-deport from the /pol thread
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Didn’t read the article and don’t care about NFL dudes but I have nothing against someone getting way more than was stolen from them if proven.

getting the exact amount back never covers potential loses from opportunity, stress, lawyers, hassle, and general life trauma in dealing with all that shit.
I get recovering opportunity cost an other issues, but 6x seems a tad high.
 

Sanrith Descartes

I was forced to self-deport from the /pol thread
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So before today AAPL had went 14 straight trading sessions within about 2% of setting a new high ($260) and failing to do so. It basically went sideways between $254 and $258.
 

Jysin

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16:51*(US) TRUMP: TO IMPOSE A TARIFF OF 100% ON CHINA - Source TradeTheNews.com
China tariff is starting on Nov 1st - Source TradeTheNews.com

- US will impose a tariff of 100% on China, over and above any tariff that they are currently paying.
- US export controls on critical software to begin on Nov 1st. - Source TradeTheNews.com


Down we go.
 
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Sheriff Cad

scientia potentia est
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Didn’t read the article and don’t care about NFL dudes but I have nothing against someone getting way more than was stolen from them if proven.

getting the exact amount back never covers potential loses from opportunity, stress, lawyers, hassle, and general life trauma in dealing with all that shit.
It said they disclosed $16M in damages for the lawsuit, not totally sure what those damages are as they just gave broad categories. There could be mismanagement or misallocation that resulted in lost profits as well as the outright thefts mentioned.
 
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TJT

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Merrill investment advisor steals $1.6m from NFL player's account. Merrill pays him $9.5m to settle the suit. That's like 6x what the guy stole. Also, this isnt a ponzi scheme. Its one guy's account. How do you honestly think you wont get caught doing this at some point.

On the other hand, that investment advisor could have been truly looking out for you knowing the settlement would be top notch.

God damn did that guy work for YOU and not his company.
 

Jysin

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Bitcoin just slightly dipped sub 110k.
 
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