southsider2k5

He's no Jose Abreu.

Or he is short the market because he knew this all along.

He's also the clown who wanted to tax college scholarships for athletes.

Goldman saying a 24% contraction could be recorded in Q2. https://www.google.com/amp/s/www.barrons.com/amp/articles/u-s-economy-could-contract-by-24-next-quarter-goldman-sachs-says-51584713292

That is quite literally the point.

10,000 people and counting are dead and you are pissed you can't get a haircut. Sadly, if I didn't see a name attached to this post, this is exactly who I would have guessed made the post.

Another insider. https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing

Traditional for sure. No reason to pay taxes.

100% This is one of those things that has peeved me for a long time. This was the textbook definition of insider trading.

I would roll to an IRA. But you quit a job to gain control over your retirement money? In this economy? That is a terrible idea.

Working 18 hours a day + at least half hour a day researching too? Add in time for all that White Sox knowledge, market knowledge and everything else, plus taking care of a wife with corona. Keep up the good work and they might make you President one day!

Honestly with half of the season probably gone already, it makes sense to punt on this season if you are questionable.

This is one of my biggest pet peeves in government. The fact that all of these bastards can insider trade legally is criminal. I would be barred for life if I did it. They just get rich.

+ the 3.5% who were already unemployed and we are now pushing 13%.

When you start with a strawman that literally no one said, it is hard to take the rest of a post seriously.

During this crisis bitcoin went from about 10,000 to under 5,000 at its low. It has bounced back a bit, but is still down 40% from where it was four weeks ago. Two weeks ago it was 9000. I did notice you switched from the dollar to the stock market, but have you seen the rally in the dollar at this time? You do understand that bitcoin is down more than the stock market during this time? In terms of confidence, the dollar is still leading the world. Stocks are down, gold is down, and bitcoin is leading the losses.

Except bitcoin fell by 50% after all of this got going.

At this stage all you can do is look at the trends from the countries which were hit early and try to adjust based on that.

This. Literally everything except food is a fiat currency. They all have value because people assign it a relative value, and that value has an exchange place. SO many people since Nixon have pretended that gold is some magical substance that has an inherent value, but is no different than any other asset.

If you were on to something here, the price of gold would reflect it. We are in an extreme deflationary cycle right now.

Just yesterday the restaurant industry predicted losses of $225 billion and the loss of 5 to 7 million jobs in the next 3 months. The Hotel lobby is predicting 4 million job losses. We haven't even gotten to retail, travel, or entertainment, or any of the job losses that will result from initial job losses. The initial filing numbers have exploded already. I said 10%, but I might even be a bit light. We are looking at a 10 to 15% contraction in GDP when all is said and done. With the deflationary cycle we are seeing, on top of the job losses and market crash, the initial stages of this look more like 1929 than 2008.

Your ignorance does not excuse the ignorance of others, or vice versa. If you want to live life with your head firmly planted where the sun doesn't shine, that is your prerogative, but don't come here expecting sympathy or praise for that ignorance. I feel like I am talking to my 12 year old, but take responsibility for your own actions and quit looking to justify them by the stupidity of others, unless you want to live life as a lowest common denominator.

I just hope you don't kill anyone else for an overpriced coffee.

We will be at 10% instantly.

Also, the Dow is actually negative for the Trump adminstration.