ArcticCrusher Posted May 26, 2020 Share Posted May 26, 2020 21 minutes ago, Edmo said: Not everyone gets a family job bro. Some of have to go it alone and try to get ahead. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 27, 2020 Author Share Posted May 27, 2020 21 hours ago, DriftBusta said: Ben, day 2, another delusional rant lashing out at everyone in every direction. Well lets see how the numbers flesh out in July raincloud. Its a fucking opinion piece. One of thousands every day. Of course he's going to latch right onto it. How in the fuck is the Atlanta Feds estimates for q2 gdp a fucking opinion piece you fucking retard??? Good god 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 27, 2020 Share Posted May 27, 2020 2 hours ago, f7ben said: How in the fuck is the Atlanta Feds estimates for q2 gdp a fucking opinion piece you fucking retard??? Good god Because there are countless other financial analyists and economists coming up with much better estimates you illiterate big mouth. You spread bullshit in here day after day like you're a fucking authority on everything, shit on anyone who disagrees with you. You WANT it to be -48%. That's pathetic. Grow the fuck up already. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted May 27, 2020 Platinum Contributing Member Share Posted May 27, 2020 2 hours ago, f7ben said: How in the fuck is the Atlanta Feds estimates for q2 gdp a fucking opinion piece you fucking retard??? Good god This is what you get when a guy gets a job because of “family connections”. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 27, 2020 Share Posted May 27, 2020 7 minutes ago, Jimmy Snacks said: This is what you get when a guy gets a job because of “family connections”. No that's what you get when you apply, have the qualifications, and do the work. Not that you would know. The notion that an admin can snap her fingers and get someone a job like that is ludicrous, but go ahead, keep spreading bullshit. You want to talk about my Christian values now, you fucking loser? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 27, 2020 Platinum Contributing Member Share Posted May 27, 2020 21 minutes ago, DriftBusta said: Because there are countless other financial analyists and economists coming up with much better estimates you illiterate big mouth. You spread bullshit in here day after day like you're a fucking authority on everything, shit on anyone who disagrees with you. You WANT it to be -48%. That's pathetic. Grow the fuck up already. Yep. Its all over the place. Goldman has 24% drop and they've been fairly pessimistic. https://www.cnbc.com/2020/03/20/goldman-sees-an-unprecedented-stop-of-economic-activity-with-2nd-quarter-gdp-contracting-by-24percent.html 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 27, 2020 Share Posted May 27, 2020 Just now, Highmark said: Yep. Its all over the place. Goldman has 24% drop and they've been fairly pessimistic. https://www.cnbc.com/2020/03/20/goldman-sees-an-unprecedented-stop-of-economic-activity-with-2nd-quarter-gdp-contracting-by-24percent.html JP Morgan estimates around -20%. And they had all the data points to support their estimates. I've mentioned it before, but each quarter they produce something called "Guide to the Markets", and its a wealth of information. 80 or so pages of graphs, charts and analysis. I listen to that, not what Yahoo is fear mongering, or what Ben wants to believe. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 27, 2020 Author Share Posted May 27, 2020 2 minutes ago, Highmark said: Yep. Its all over the place. Goldman has 24% drop and they've been fairly pessimistic. https://www.cnbc.com/2020/03/20/goldman-sees-an-unprecedented-stop-of-economic-activity-with-2nd-quarter-gdp-contracting-by-24percent.html Is that fucking good? Does it warrant stocks to be at all time highs for valuations? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 27, 2020 Share Posted May 27, 2020 3 minutes ago, f7ben said: Is that fucking good? Does it warrant stocks to be at all time highs for valuations? Yes. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 27, 2020 Platinum Contributing Member Share Posted May 27, 2020 (edited) 4 minutes ago, f7ben said: Is that fucking good? Does it warrant stocks to be at all time highs for valuations? Did I claim that? Part of the markets not declining is fed/govt action, part is investors having nowhere else to go with their money that will have a good return, part is investors assuming the pandemic caused economic decline will be short lived. The market has many factors that influence it. I seen something the other day that astonished me. There will be more disposable income in the hands of consumers thru quarter 2 than last year. Yes much of it govt money that I don't agree with but the cash is in the economy. Question is what will people do with it. Edited May 27, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
Edmo Posted May 27, 2020 Share Posted May 27, 2020 2 minutes ago, f7ben said: Is that fucking good? Does it warrant stocks to be at all time highs for valuations? The economy is getting going again and it appears a vaccine is near. This is what‘s driving the market. Call it irrational exuberance if you want. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 27, 2020 Share Posted May 27, 2020 Economic data is looking in the rear view mirror, the stock market is forward looking. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 27, 2020 Share Posted May 27, 2020 The line is happy with the possibility of human sacrifice. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 27, 2020 Share Posted May 27, 2020 All hail the almighty line! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 27, 2020 Platinum Contributing Member Share Posted May 27, 2020 1 hour ago, ArcticCrusher said: Economic data is looking in the rear view mirror, the stock market is forward looking. Excellent point. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 27, 2020 Share Posted May 27, 2020 2 hours ago, motonoggin said: The line is happy with the possibility of human sacrifice. We've sacrificed people for way worse reasons than saving he economy Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 27, 2020 Author Share Posted May 27, 2020 2 hours ago, Highmark said: Excellent point. Except it’s complete bullshit Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 27, 2020 Platinum Contributing Member Share Posted May 27, 2020 6 minutes ago, f7ben said: Except it’s complete bullshit Well with all due respect Ben you are far from a expert on how the market works. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 27, 2020 Share Posted May 27, 2020 4 minutes ago, Highmark said: Well with all due respect Ben you are far from a expert on how the market works. Just wait til Ben gets a 10 second technical analysis lecture, then look out. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 27, 2020 Author Share Posted May 27, 2020 5 minutes ago, Highmark said: Well with all due respect Ben you are far from a expert on how the market works. You don’t need to be an expert to see what’s occurred .....central banks have inflated assets beyond any normal valuation ....they have destroyed interest rates fully and never before in history have stocks been so expensive 20% fucking unemployment and rich people got 1/2 trillion dollars richer Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 27, 2020 Platinum Contributing Member Share Posted May 27, 2020 5 minutes ago, f7ben said: You don’t need to be an expert to see what’s occurred .....central banks have inflated assets beyond any normal valuation ....they have destroyed interest rates fully and never before in history have stocks been so expensive 20% fucking unemployment and rich people got 1/2 trillion dollars richer Again this was not like 2008 or any other time in recent history. Even while overvalued there was plenty of strong fundamentals going into the pandemic. You should have taken advantage of it. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 27, 2020 Share Posted May 27, 2020 Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 27, 2020 Author Share Posted May 27, 2020 (edited) 3 minutes ago, Highmark said: Again this was not like 2008 or any other time in recent history. Even while overvalued there was plenty of strong fundamentals going into the pandemic. You should have taken advantage of it. Oh for sure.....fundamentals were so strong that we were in a manufacturing recession and the fed had been slashing rates and expanding it’s balance sheet to mid financial crisis levels just fucking kill yourself you mindless drone Edited May 27, 2020 by f7ben Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 27, 2020 Share Posted May 27, 2020 Just now, f7ben said: Oh for sure.....fundamentals were so strong that we were in a manufacturing recession and the fed had been slashing rates and expanding it’s balance sheet to mid financial crisis levels just fucking kill yourself you mindless drone These motherfuckers simp so hard for capitalists. It's embarrassing. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 27, 2020 Author Share Posted May 27, 2020 1 minute ago, motonoggin said: These motherfuckers simp so hard for capitalists. It's embarrassing. They all need to die Quote Link to comment Share on other sites More sharing options...
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