Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
This all reminds me of a coworker I had back in the day that was like 6 weeks from retirement and they were super excited and happy and hopeful. It was all they talked about.
And 2wks after they retired the 2008 crisis hit. Their portfolio went to absolute shit, they panicked and sold. And then later missed the window for good general recovery.
It broke my fucking heart.
This IS, however, what most Americans voted for, so yeah, cry me a river, you got what you wanted.
The rest of the world has to deal with the fallout of your stupidity, so seriously, do not ask for petty points anymore, you can literally starve to death and the world will no longer care.
Give us a call once the US is a democracy again with a completely revamped political system with 30 parties, overhauled police force, overhauled healthcare and economic rule set, overhauled culture... If then you grovel on your knees for aologies for decades of terror world wide, culminating in two trump eras that measurably made the world worse in countless ways, then maybe maybe we might start thinking about caring about you.
Agreed
The Greatest Depression, everyone is saying it, the likes of which have never been seen before.
A Beautiful Depression, folks
I spent a good chunk of this paycheck on car parts for my car and my wife’s.
Breaks, oil and air filters, enough for 3 years of maintenance.
Last month was parts for the furnace.
Most of the affordable stuff is made over seas.
If you can, I suggest also stocking up on repair materials. Parts are going to skyrocket in price very soon, and it’s going to become very expensive to even do regular maintenance on most mechanical equipment.
I'm Canadian, Im still waiting on annexation and invested in long storage freeze dried food for when that crisis happens.
Make depression great again!
RFK is on it. He wants to get rid of antidepressants.
Make America Great Depression Again!
And then a world war to get out of it. Old is new again.
I'm like not 100% sure what floor traders even do besides pose for reaction photos when the stock market does something. Basically professional mourners but for capitalism.
I’m like not 100% sure what floor traders even do
They stopped being a thing back in the '00s. Floor trading is all done by algorithms now. Specifically, the High Frequency Trading algorithms, that perpetually scan trading indexes and place orders in anticipation of arbitrage opportunities.
You've got a few people on the floor who function as IT and tweak the algorithms as necessary when they encounter bugs. But that guy is more likely freaking because his API is bugging out than because of any change in equity values.
No, those are still actual traders at the NYSE. An overwhelming amount of trades are electronic, but the NYSE floor is still a thing.
https://www.investopedia.com/ask/answers/09/traders-floor-exchange.asp
There are still traders who work on the floor of the New York Stock Exchange (NYSE)—where some large companies still trade in the pit—as well as commodity and options exchanges like the Chicago Mercantile Exchange (CME).
They're there almost exclusively for the cameras. It's essentially a TV set.
Yes, you're not wrong, but they are making actual trades.
If I had to guess, they aren't doing the small high frequency trades, but big movements.
Just like my IBS.
One of the TVs in my gym plays fox news. Usually they have stuff along the bottom of the screen for current stock index prices (DJIA, etc.). Guess what was conspicuously absent today?
It was funny to watch them hide it while the TV across from it runs CNN, where they were covering the tariffs and market drops, while fox was running a bit shitting on Kamala Harris.
I'm sure it can fall more.
It's fine, it's fine. Next week will see such tremendous growth and everyone will be begging to trade with the US again. You'll see.
Between the 401k, the future of social security, and the cost of everything going up, retirement is looking great now. Yay.
Yeah Trump said the market is going to boom. Industry is going to boom.
Big bada boom.
Multipass
Translation: the market and industry will react like it was bombed with multiple nuclear bombs.
Saturday is when the really big tariffs hit (China, Vietnam, ect.)
Enjoy your weekend because Monday will have people jumping out of windows again.
The tariffs don't really need to be enacted for the market to respond.
That's not to say Monday won't be a shit-show.
Happy Friday...