Stock Market update: Everybody panic!

Rockstar · 08-24-15, 08:37 AM

Chinas growth slowing. US stock market taking a header. DOW close to closing for seven minutes to regroup.

ikalugin · 08-24-15, 08:43 AM

Well it looks like we could be hitting 2nd crisis wave? Feels like great depression, with revolutionary power on the rise and various "new" actors rising to chalenge the existing world order.

Eichhörnchen · 08-24-15, 10:02 AM

STEED · 08-24-15, 11:08 AM

Who cares these b'stards do as they please.

mapuc · 08-24-15, 11:52 AM

The problem is, those who's behind this stock market crisis is those who also will go free and perhaps win

While the poor will be punished and maybe have to pay more.

Markus

Moonlight · 08-24-15, 11:57 AM

Here we go again.
Nearly £74bn was wiped off the value of the FTSE 100 as the UK had its biggest one day fall since March '09

Quote:

"George Osborne, the UK’s Chancellor of the Exchequer, has warned that China’s stock market volatility is a “real concern”.

This is just day one, I'm sure there's going to be more of them, if those traders really start panicking we're going to have another global crisis on our hands again.

The stock markets have had the jitters for a while, it seems to be hotting up into something a lot bigger, if they don't nip this in the bud now it could get even more serious than the last one. Its not time to batten down the hatches just yet, but as the boy scouts say, "be prepared".

Oberon · 08-24-15, 01:33 PM

This jutter has been coming for a while. I imagine the 'China is going to eat our economy' folks are looking a little sheepish right about now as people get to see just how fragile their economy really is when faced with a long term downturn in the commodities market.
In a way this has been in the pipeline since 2008, it's just had a long lag time to get here because China has been able to remain competitive until recently, but now it's having to devalue the Yuan in order to keep its edge over western markets.
For nations exporting from China it's not that bad, but for those exporting to China it's pretty horrible news. Australia is being hit pretty bad, Brazil too, and African nations are going to feel the pain.
Couple this with the falling oil prices, and the outlook in the coming months is...difficult. I wouldn't have said that we face another major crisis unless the bottom should fall out of the Chinese economy (which would require some major incompetence by the PRC government) but we're certainly going to dance around the edge a bit.

Still, at least all the Beckists who brought their gold have that to fall back on...right?

wolfman Ben · 07-02-16, 09:50 AM

Quote:

Originally Posted by Rockstar

Chinas growth slowing. US stock market taking a header. DOW close to closing for seven minutes to regroup.

uh oh not good also I'm an interesting guy who likes sub sims

Torvald Von Mansee · 01-29-21, 11:11 AM

You guys MUST be aware of this...

Anyway, here's my lame summary:

The subreddit /r/wallstreetbets decided to buy into a stock, GameStop (GME?), that someone realized some hedge funs had severely shorted. The stock has since skyrocketed in value, I think over 1000% in value, and now those hedge funds are currently on the hook for like $70,000,000,000.

Wall Street then proceeded to show how corrupt they are. Some platforms which allow you to buy/sell stocks suddenly wouldn't allow you to buy GME stock. Some people reported that not only could they not buy GME stock, but they would be locked out of their accounts and when they could access their accounts, again, they found some of their buy orders of GME stock had been cancelled.

Moonlight · 01-29-21, 11:32 AM

The system is bent towards the big players, in a single word they're all "CORRUPT", do what Mr Squirrel does and keep your cash in your Nutsack.

Rockstar · 01-29-21, 12:22 PM

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation. One purpose of the SEC is to protect people from that. This pump didn’t improve GME's position. It’s not changing the fact that GME is not making any money and is bleeding cash like a stuck pig and is still shutting down stores.

Shorts are still very much in play if I was a Robinhooder I'd run far from GME.

ET2SN · 01-29-21, 01:30 PM

There were reports yesterday of more shares of stock being sold than what really exist.

That isn't a good thing, that's noobs gambling with their rent money. It looks prettier when you set your cash on fire, BTW.

Or, at least go to a casino. They'll comp you some free drinks.

Torvald Von Mansee · 01-29-21, 03:44 PM

Quote:

Originally Posted by Rockstar

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation. One purpose of the SEC is to protect people from that. This pump didn’t improve GME's position. It’s not changing the fact that GME is not making any money and is bleeding cash like a stuck pig and is still shutting down stores.

Shorts are still very much in play if I was a Robinhooder I'd run far from GME.

I'm sure hedge funds do market manipulation all the time. Why is it suddenly wrong now?

Skybird · 01-29-21, 05:18 PM

Quote:

Originally Posted by Rockstar

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation.

Pro traders do that all the time and at the cost of little people called private investors. Just that this time the same applies but the other way around. What the pro traders do to others is not allowed to be done to them?

Double standards to protect the sharks in the pool.

I say: let it run, let it burn, let sink to the bottom whatever gets hit, leaks and sinks. Maybe it teaches some valuable lessons to some: on how crazy and insane it all has become. Gambling is not investing. And many people and investment companies and brokers cannot even be explained this, they just are beyond understandign this, ever. Investing is supporting something that is bigger than oneself, and being rewarded for that, it has a sense of responsibility and productivity in it. Gambling is to shave off as much cream as one can, and not caring for what happens afterwards.

Read the translated article I linked to here: https://www.subsim.com/radioroom/sho...5&postcount=95

Onkel Neal · 01-29-21, 05:24 PM

This is just the start of the calamity, at some point those redditers will start closing their positions to capture their gains and the share price will collapse...it'll be a mad rush for the door.

08-24-15, 08:37 AM	#1
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	Stock Market update: Everybody panic! Chinas growth slowing. US stock market taking a header. DOW close to closing for seven minutes to regroup. Last edited by Rockstar; 08-24-15 at 08:42 AM.

08-24-15, 08:43 AM	#2
ikalugin Ocean Warrior Join Date: Aug 2014 Location: Moscow, Russia Posts: 3,212 Downloads: 8 Uploads: 0	Well it looks like we could be hitting 2nd crisis wave? Feels like great depression, with revolutionary power on the rise and various "new" actors rising to chalenge the existing world order. __________________ Grumpy as always.

08-24-15, 10:02 AM	#3
Eichhörnchen Starte das Auto Join Date: Aug 2014 Location: The Fens Posts: 17,373 Downloads: 5 Uploads: 0	__________________

08-24-15, 11:08 AM	#4
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Who cares these b'stards do as they please. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

01-29-21, 11:11 AM	#9
Torvald Von Mansee Sea Lord Join Date: Apr 2006 Location: CA4528 Posts: 1,693 Downloads: 3 Uploads: 0	No /r/wallstreetbets/GameStop thread? Really? You guys MUST be aware of this... Anyway, here's my lame summary: The subreddit /r/wallstreetbets decided to buy into a stock, GameStop (GME?), that someone realized some hedge funs had severely shorted. The stock has since skyrocketed in value, I think over 1000% in value, and now those hedge funds are currently on the hook for like $70,000,000,000. Wall Street then proceeded to show how corrupt they are. Some platforms which allow you to buy/sell stocks suddenly wouldn't allow you to buy GME stock. Some people reported that not only could they not buy GME stock, but they would be locked out of their accounts and when they could access their accounts, again, they found some of their buy orders of GME stock had been cancelled. __________________ "You may not be interested in war, but war is interested in you" - Leon Trotsky Last edited by Torvald Von Mansee; 01-29-21 at 11:26 AM.

08-24-15, 11:52 AM	#5
mapuc CINC Pacific Fleet Join Date: Sep 2003 Location: Denmark Posts: 20,535 Downloads: 37 Uploads: 0	The problem is, those who's behind this stock market crisis is those who also will go free and perhaps win While the poor will be punished and maybe have to pay more. Markus

08-24-15, 01:33 PM	#7
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	This jutter has been coming for a while. I imagine the 'China is going to eat our economy' folks are looking a little sheepish right about now as people get to see just how fragile their economy really is when faced with a long term downturn in the commodities market. In a way this has been in the pipeline since 2008, it's just had a long lag time to get here because China has been able to remain competitive until recently, but now it's having to devalue the Yuan in order to keep its edge over western markets. For nations exporting from China it's not that bad, but for those exporting to China it's pretty horrible news. Australia is being hit pretty bad, Brazil too, and African nations are going to feel the pain. Couple this with the falling oil prices, and the outlook in the coming months is...difficult. I wouldn't have said that we face another major crisis unless the bottom should fall out of the Chinese economy (which would require some major incompetence by the PRC government) but we're certainly going to dance around the edge a bit. Still, at least all the Beckists who brought their gold have that to fall back on...right?

01-29-21, 11:32 AM	#10
Moonlight Ocean Warrior Join Date: Dec 2010 Location: Fookhall Copse Posts: 2,518 Downloads: 184 Uploads: 0	The system is bent towards the big players, in a single word they're all "CORRUPT", do what Mr Squirrel does and keep your cash in your Nutsack. __________________

01-29-21, 12:22 PM	#11
Rockstar In the Brig Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 12,614 Downloads: 10 Uploads: 0	When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation. One purpose of the SEC is to protect people from that. This pump didn’t improve GME's position. It’s not changing the fact that GME is not making any money and is bleeding cash like a stuck pig and is still shutting down stores. Shorts are still very much in play if I was a Robinhooder I'd run far from GME.

01-29-21, 01:30 PM	#12
ET2SN Ocean Warrior Join Date: Oct 2017 Posts: 2,652 Downloads: 60 Uploads: 0	There were reports yesterday of more shares of stock being sold than what really exist. That isn't a good thing, that's noobs gambling with their rent money. It looks prettier when you set your cash on fire, BTW. Or, at least go to a casino. They'll comp you some free drinks.

01-29-21, 05:24 PM	#15
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,383 Downloads: 541 Uploads: 224	This is just the start of the calamity, at some point those redditers will start closing their positions to capture their gains and the share price will collapse...it'll be a mad rush for the door.