Quote (ofthevoid @ Apr 29 2020 04:20pm)

Lmao.

As i was watching Powell speak i was in utter disbelief how the market just keeps grinding higher. Like there was nothing positive about what he said. Rates will remain at zero? Great, anyone could tell you that. They will do 'whatever it takes', great we knew that too. What struck me though is he said that this will have significant impact on unemployment and economic output in the medium term, yet the markets went up another .5-1 pp after that.

GDP negative 5% unemployment rate sky rocketing probably will be at 10+% for at least Q2 yet SPY is where it was a year ago. Is this what recessions look like in 2020?

Quote (Bazi @ Apr 29 2020 05:22pm)

We either eventually correct and this is an epic rug pull in the making, or we should change our flag colors to Venezuela

Quote (ofthevoid @ Apr 29 2020 04:25pm)

Tbh i was thinking about this too. This could be a pretty epic bull trap. There is big money stuck in underwater positions who wouldn't want to sell for a significant loss. Why not pump the shit out of this market through algos and hand retail the bag?

Like if we look at some key metrics the economic downturn from this is magnitudes worse than 2008 yet the market just doesn't give af.

Quote (Bazi @ Apr 29 2020 05:22pm)

We either eventually correct and this is an epic rug pull in the making, or we should change our flag colors to Venezuela

Quote (obisent @ Apr 29 2020 05:12pm)

TSLA on its way back up to ATH.

Quote (Bazi @ Apr 29 2020 05:18pm)

^excellence

I hate this company with all of my little heart.

troll ass elon says dw America ill make you guys ventilators and ends up making BiPAPs which are contraindicated in all covid illness

Quote (Bazi @ 29 Apr 2020 18:18)

^excellence

I hate this company with all of my little heart.

troll ass elon says dw America ill make you guys ventilators and ends up making BiPAPs which are contraindicated in all covid illness