The Stock Market Thread

Discussion in 'The Thunderdome' started by golfballs03, Oct 28, 2011.

  1. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Yes.
     
  2. InVolNerable

    InVolNerable Fark Master Flex

    I’ve been saying this for the past year.
     
  3. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Was watching a video on what was going on, trying to educate myself a bit (my eyes cross for half the video), but how is margin buys legal? Are they not dealing in make believe products of make believe products of a make believe product that represents a portion of a physical company?

    Could the markets run without margin buying? Would it be less volatile without them? Educate me.
     
  4. droski

    droski Traffic Criminal

    Just think of it like buying a house with a mortgage.

    yeah the markets would be fine without margin. High margin rates are a sign of a bubble though and yeah it definitely creates volatility because peope are forced to sell when it’s down and they have more buying power on the upside than they usually would.
     
    IP likes this.
  5. lumberjack4

    lumberjack4 Chieftain

    Who is going to ask the most out-of-touch dumbest question at the GameStop hearing tomorrow?
     
    IP likes this.
  6. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Some old ass memeber of Congress:

    "So, all this about Pong?"
     
  7. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Sheesh. 32,000.
     
  8. IP

    IP Super Moderator

    while unemployment is probably like 10%. completely decoupled from main street and the average American.
     
    NorrisAlan likes this.
  9. Volst53

    Volst53 Super Moderator


    It’s the way the system is built to be. Seems that was the largest effect of the lockdowns too.

    Killed small businesses while the big players raked it in
     
  10. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    GameStop shot up to $100 again today.
     
    justingroves likes this.
  11. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    GME holding strong. Again.
     
  12. justingroves

    justingroves supermod

    I should have jumped on it but I didn't
     
  13. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    You shouldn't touch that with anyone's wallet.
     
    justingroves and NorrisAlan like this.
  14. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Guess I should have held on to my DOGE. And then sold it now... nah. Bird in hand.
     
  15. Ssmiff

    Ssmiff Went to the White House...Again

    man i know some guys who put a few thousand into Haven and Etherium last year and its unbelievable. One turned 8500 into 400k, supposedly, with Haven. Another took 100k out of his retirement without penalty during the pandemic, bought 11 bitcoins when it was less than 9k, and now has 660k worth. Crypto has been making people more money in a year than their 401ks and SEPs have in the last 25 years.
     
  16. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    It is so dangerous, though. I only put in what I'm fine with losing. I got out in late 2020 with a 4x increase in initial.

    If I had stayed, I'd be at a 36x increase. But I took the money and ran.
     
    justingroves likes this.
  17. Ssmiff

    Ssmiff Went to the White House...Again

    yeah it can shit the bed at any time, and using your phone out and about for purchases and trades is ripe for hacking and losing everything, but holy hell. Also read where if you spent 1k on btc in 2010, you would have over 200 million.
     
  18. IP

    IP Super Moderator

    What happens when people start trying to cash out and spend this? At some point there is going to be "peak" buy-in, because the cost of entry is now so high and sooner or later the bit coin millionaires will want to start buying boats and houses.
     
    NorrisAlan likes this.
  19. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Bitcoin is wild. 10 years ago I thought it was Tulips. 10 years later, I'm sure it is Tulips.

    And in 10 years it'll probably be worth a billion dollars a coin.
     
  20. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Selling isn't hard. I closed and bought Apple. There are loads of people who have cashed out on millions, and still hold millions in coin they want to turn to billions.
     

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