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The current time is Fri Apr 10 00:25:51 2020

Utopia Talk / Politics / Dow breaks who the fuck knows
jergul
large member
Thu Mar 26 10:06:06
3.3 million new initial jobless claims. Above expectations in the low 2 million range.
Habebe
Member
Thu Mar 26 10:15:19
The Americas are all doing well today. Europe continues its downward spiral.
Rugian
Member
Thu Mar 26 10:27:45
Let's be clear. These layoffs are ENTIRELY the work of government action and mass media hysterics. Private companies are completely blameless in this situation and should not be stigmatized for events that are entirely outside of their control.

Anyone saying otherwise on these boards is delusional and frankly stupid.
Dukhat
Member
Thu Mar 26 10:31:41
The party of personal responsiblity is full of nothing but retard whiners.

hood
Member
Thu Mar 26 10:31:44
^ championing for millions of dead americans
hood
Member
Thu Mar 26 10:32:16
My comment was obviously at the blubbering vagina. Which I guess I need to clarify isn't Dukhat in this instance.
jergul
large member
Thu Mar 26 10:52:39
Ruggy
You have just embraced social democracy.

Persons - legal or otherwise - should not be penalized for events that are entirely outside of their control.

Habebe
Delusional much? You are racing Italy neck and neck to who will pass China in number of infections first.

Estimates on the US reaching peak deaths in 3 weeks is based on the death numbers doubling every 2.5 days.

250 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 = peak daily death according to current estimates.

Halving rate: 8 + 7 + 6 + 5 + 5 + 4 + 4 + 3 + 3 days to get back to 250 deaths a day again.

128k deaths + 128 k deaths + (96k deaths x8) + (48k deaths x 7) + (24k deaths x 6) + 12k deaths x 5) + (6k deaths x 4) + (3k deaths x 4) + (1.5k deaths x 4) + ( 750 deaths x 3) + ( 350 deaths x 3)

The math behind 2 million or so dead.
jergul
large member
Thu Mar 26 10:54:31
That is 21 days to reach peak and 45 days to get back down to now again. 66 days in total. Missing a 6 for 666 :D.
jergul
large member
Thu Mar 26 10:55:54
Jergulmath is fun :D
jergul
large member
Thu Mar 26 11:01:17
According to this - buy into index funds in exactly 25 days. Just before it becomes clear that the death rate has fallen to half of peak.
Habebe
Member
Thu Mar 26 12:22:41
Jergulometry, When in doubt change the subject and respond to things never posted in our universe of reality.

I was comparing the Dow to the Dax.
jergul
large member
Thu Mar 26 12:44:44
Subject not changed. The outlook for the next 25 days is extremely negative.

I showed you why.
Habebe
Member
Thu Mar 26 13:02:43
That may very well be. But as of yet the US dow isnt doing nearly as bad as the rest of the world.

South America is actually doing very well too.

Time will tell.
jergul
large member
Thu Mar 26 13:41:46
I am almost certain US stock markets has lost more market capitalization than the rest of the world combined.

It would be a fun thing to check.

jergul
large member
Thu Mar 26 13:43:25
Ultimately, the only thing that matters is realized losses through liquidated positions or bankrupcies.

Paper losses are not actual losses.
Daemon
Member
Thu Mar 26 14:53:32
Retards buy shares, too:

http://www...onfuse-it-with-zoom-video.html

The Securities and Exchange Commission suspended trading of Zoom Technologies on Thursday, partly because investors are confusing it with Zoom Video, which has seen a surge share price due to COVID-19. It will resume trading April 9.

Zoom Video, which provides videoconferencing services and trades under the ticker symbol “ZM,” is a key component for many businesses shifting to remote work during the coronavirus pandemic. That’s led to the company, which went public last year, to see a surge in users and stock price rise of more than 112% this year so far -- a rarity in the current coronavirus-induced down market. It’s now got a market cap north of $40 billion.

However, traders have also bid up the much smaller Zoom Technologies, which has the ticker symbol “ZOOM”. Its stock is up more than 50% this month and nearly 900% this year. The company has not disclosed financial information since 2015, the SEC says.

“The Commission temporarily suspended trading in the securities of ZOOM because of concerns about the adequacy and accuracy of publicly available information concerning ZOOM, including its financial condition and its operations, if any, in light of the absence of any public disclosure by the company since 2015; and concerns about investors confusing this issuer with a similarly named NASDAQ-listed issuer, providing communications services, which has seen a rise in share price during the ongoing COVID-19 pandemic,” the SEC said in a filing.
Habebe
Member
Thu Mar 26 17:53:04
Jergul, Everything is relative.

If the US losses 2 trillion , and france losses 2 trillion its much more of a hit for France.
Habebe
Member
Thu Mar 26 17:53:05
Jergul, Everything is relative.

If the US losses 2 trillion , and france losses 2 trillion its much more of a hit for France.
jergul
large member
Thu Mar 26 17:58:15
habebe
Its a hit for absolutely no one until the losses are realized. Its just paper until someone has to sell or the company behind the stocks goes bankrupt.

Right now, all everyone is looking at is 4 years of stock appreciation gone. The appreciation was inflated anyway, so a lot of it had to unwind anyway (by a dividend to stock value measure).
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