Bull Market officially over!! Year heading negative.

[Zan15]

In This Thread:

A bunch of sick fucks massively suffering from Trump Derangement Syndrome openly celebrating national misfortune, because the truth is, as much as they might claim to love America, they hate Trump and Republicans infinitely more, and will gladly see the country burn to ashes if it means they can blame it on Trump.

Lol like the last time someone made the same moronic charges...where is anyone celebrating?
It should be simple for you to show it.

I mean are you just angry because people are telling you "we told you so"?

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We might get a decent day today on the markets. The last couple days the fear and volitility index have all come down a bit so we might start to see a bottoms once we get past the shock of the first unemployment report Thursday.

Will all come down to that and congress at this point

[Trunksee]

Lol like the last time someone made the same moronic charges...where is anyone celebrating?
It should be simple for you to show it.

I mean are you just angry because people are telling you "we told you so"?

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We might get a decent day today on the markets. The last couple days the fear and volitility index have all come down a bit so we might start to see a bottoms once we get past the shock of the first unemployment report Thursday.

Will all come down to that and congress at this point

And congress needs to put even more money to big business than it already has in the bill. Companies are already scaling back and pulling back on investments. They forsee a recession worse than 2008. If infrastructure is scaled back then money stops flowing into consumers hands which after this 2 weeks of bullshit fear the country at least in the US is going to tank. Democrats seem to care more about getting votes by calling out big business and stabilizing the economy, it is going to get people more money now but cost millions their jobs over the summer.

[Thekri]

In This Thread:

A bunch of sick fucks massively suffering from Trump Derangement Syndrome openly celebrating national misfortune, because the truth is, as much as they might claim to love America, they hate Trump and Republicans infinitely more, and will gladly see the country burn to ashes if it means they can blame it on Trump.

Pointing out that a drunken fratboy with underpants on his head is shitting on your porch is not the same as celebrating it. It is a newsworthy event, because now we have to deal with all the shit on our porch, but it doesn't mean we like it.

Of course we have been pointing out that this particular fratboy is always drunk, and has a penchant for shitting on everything near him, which is why we don't think he should have been invited to the party in the first place. But about 40% of the people INSISTED that he be allowed to come, and when we tried to make him leave, those same people found him not guilty of making drunken phone calls to the neighbors.

And now this idiot is getting people killed. So it really isn't a celebratory time. But of course, you are going to see what you want to see. Which is a narrative supporting your colossal victim-hood complex. In which everyone bullies poor Trump. Because you can't actually defend his actions, so you just yell about how mean people are to point out his fecal misadventures.

[Machismo]

And congress needs to put even more money to big business than it already has in the bill. Companies are already scaling back and pulling back on investments. They forsee a recession worse than 2008. If infrastructure is scaled back then money stops flowing into consumers hands which after this 2 weeks of bullshit fear the country at least in the US is going to tank. Democrats seem to care more about getting votes by calling out big business and stabilizing the economy, it is going to get people more money now but cost millions their jobs over the summer.

Nah, no more corporate welfare, businesses need to bootstrap the hell out of this.

Seriously, stop trying to spend your grandchildren's money, to pay for the shit that you want.

[Breccia]

Exxon has reduced production at its second-largest refinery in the United States, Baton Rouge in Louisiana, and the number of contract workers at the plant was reduced to 1,800. This has never happened before. The one advantage that Exxon and Chevron has over other US oil companies is that during slumping price they can make up their losses through their refineries.

Chevron has its own problems

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices.

Oil has crashed by more than 60% since January, hit by global demand destruction from the coronavirus pandemic and a price war between Saudi Arabia and Russia.

The second largest U.S. oil company said it would spend $16 billion instead of a planned $20 billion, including halving spending in the Permian Basin, the top U.S. shale field that has driven the U.S. to become the world’s leading oil producer.

It now expects to pump about 125,000 barrels of oil and gas per day in the Permian Basin by the end of this year, down 20% from earlier plans.

Royal Dutch Shell on Monday said it would lower spending by $5 billion and suspend its $25 billion share buyback plan. Exxon Mobil, the largest U.S. oil company, has not released its new spending plan but said the cuts would be “significant,” while Norway’s Equinor has also cut its share buyback program.

[Trunksee]

Nah, no more corporate welfare, businesses need to bootstrap the hell out of this.

Seriously, stop trying to spend your grandchildren's money, to pay for the shit that you want.

And if they decide not to? Which they totally have the ability to do by just scaling back and many lose their jobs so they struggle to even take care of their child before they even have grandkids how will you feel then? No it will not trickle down but id rather have businesses keep close to current levels of employment than receive a $2400 check. I currently make that in a week and a half and its supposed to last me at least 6 weeks, lol. The unemployment system in my state has already said at the current rate they have 2 to 3 weeks of funding left at the state level. People must all be on the take here if they would rather just bail out the consumer but screw the jobs.

[Machismo]

And if they decide not to? Which they totally have the ability to do by just scaling back and many lose their jobs so they struggle to even take care of their child before they even have grandkids how will you feel then? No it will not trickle down but id rather have businesses keep close to current levels of employment than receive a $2400 check. I currently make that in a week and a half and its supposed to last me at least 6 weeks, lol. The unemployment system in my state has already said at the current rate they have 2 to 3 weeks of funding left at the state level. People must all be on the take here if they would rather just bail out the consumer but screw the jobs.

If corporations decide not to, they can go under. They can fire people, they can cut costs. That's what capitalism is all about. Some will survive, some will fail, and some will flourish. Those that were properly prepared, will do just fine, and the same can be said for people, as well.

You socialists are out of hand.

[Trunksee]

If corporations decide not to, they can go under. They can fire people, they can cut costs. That's what capitalism is all about. Some will survive, some will fail, and some will flourish. Those that were properly prepared, will do just fine, and the same can be said for people, as well.

You socialists are out of hand.

This is about the survival of the country as a whole not socialism. This isn't a constant thing. Its a country protecting their peoples way of life. If the status quo changes back to 1929 levels of unemployment what do you expect to happen. We didn't have a tech industry back then like we do now. We will not be at 25% we will be much higher. Innovation is not worth shit if you don't have a market to sell it to. Machismo you must be old money or you wouldn't think this way. You are basically an anarchist with these thoughts. I don't think people should get a bail out if they are already on the system. If your wages haven't changed because your on government funding why are they getting the stimulus? They didn't lose anything yet there are people who make over the numbers who are now losing money and deserve to be stabilized over someone who is already getting government money and whos situation has not changed. My wifes hours have been cut in half as she is working from home as a librarian and they aren't paying full salaries in her town. My company just cut salaries across the board by 10% as half of our construction jobs have been shutdown mid project, not by the government with a shelter in place, but by the investors.

[AeneasBK]

You are basically an anarchist with these thoughts.

I think in America they have a different word for it, "Libertarian" which is what Machismo adheres to (at least that's the impression I'd got)...

If I'm wrong about anarchism and libertarianism being very similar, fair cop, I'm pretty dumb.

[Machismo]

This is about the survival of the country as a whole not socialism. This isn't a constant thing. Its a country protecting their peoples way of life. If the status quo changes back to 1929 levels of unemployment what do you expect to happen. We didn't have a tech industry back then like we do now. We will not be at 25% we will be much higher. Innovation is not worth shit if you don't have a market to sell it to. Machismo you must be old money or you wouldn't think this way. You are basically an anarchist with these thoughts. I don't think people should get a bail out if they are already on the system. If your wages haven't changed because your on government funding why are they getting the stimulus? They didn't lose anything yet there are people who make over the numbers who are now losing money and deserve to be stabilized over someone who is already getting government money and whos situation has not changed. My wifes hours have been cut in half as she is working from home as a librarian and they aren't paying full salaries in her town. My company just cut salaries across the board by 10% as half of our construction jobs have been shutdown mid project, not by the government with a shelter in place, but by the investors.

If a corporation fails, and there's still a demand for their good or service, then another entity will fill that gap. That's how capitalism works. As we saw in 2008, corporations were bailed out, and people still lost jobs by the tens of thousands.

I'm not old money, and I own my own company (which is actually doing great, by the way). I'm actually pondering quitting my day job to work on the new contracts my company just got. Ironically enough, I'm dealing with an inundation of work regarding purchasing trends over the past month.

Your company cut salaries, because they want to survive. They may cut jobs, or cut those salaries even more. If you don't like it, then leave your company. I get that you are not a fan of capitalism, so we will never agree on such matters. I'm a small-government conservative. So, if you want to say I'm basically an anarchist, then I can say you are basically a national socialist.

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I think in America they have a different word for it, "Libertarian" which is what Machismo adheres to (at least that's the impression I'd got)...

If I'm wrong about anarchism and libertarianism being very similar, fair cop, I'm pretty dumb.

Libertarianism is as close to anarchism, as socialism is as close to pure communism.

[Trunksee]

If a corporation fails, and there's still a demand for their good or service, then another entity will fill that gap. That's how capitalism works. As we saw in 2008, corporations were bailed out, and people still lost jobs by the tens of thousands.

I'm not old money, and I own my own company (which is actually doing great, by the way). I'm actually pondering quitting my day job to work on the new contracts my company just got. Ironically enough, I'm dealing with an inundation of work regarding purchasing trends over the past month.

Your company cut salaries, because they want to survive. They may cut jobs, or cut those salaries even more. If you don't like it, then leave your company. I get that you are not a fan of capitalism, so we will never agree on such matters. I'm a small-government conservative. So, if you want to say I'm basically an anarchist, then I can say you are basically a national socialist.

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Libertarianism is as close to anarchism, as socialism is as close to pure communism.

Ok now I kind of get a glimpse into how your viewing this. You have a business that's thriving. Great good for you and yes I honestly mean that. I just don't know how people don't get the fact that this type of event was not anything anyone would have prepared for. Most businesses can survive a few weeks not months like this looks like its going to be. Airlines had no way to be prepared for this, cruise lines had no way to ever think this was going to happen. How would a restaurant even ever believe they would basically be shut down for 4 to 6 weeks? This is not the banking crisis which could have been seen coming for years by all economists. This is a time where we all need help. And yes I believe big business needs help and so do the work force. The only people I believe that need no gain from this is anyone already collecting off the government whos situation has not changed. People on SSI do not deserve more as their situation has not changed. People on welfare do not deserve this money as their situation has not been effected. If your working on either then yes you do as more than likely you have been effected.

[Machismo]

Ok now I kind of get a glimpse into how your viewing this. You have a business that's thriving. Great good for you and yes I honestly mean that. I just don't know how people don't get the fact that this type of event was not anything anyone would have prepared for. Most businesses can survive a few weeks not months like this looks like its going to be. Airlines had no way to be prepared for this, cruise lines had no way to ever think this was going to happen. How would a restaurant even ever believe they would basically be shut down for 4 to 6 weeks? This is not the banking crisis which could have been seen coming for years by all economists. This is a time where we all need help. And yes I believe big business needs help and so do the work force. The only people I believe that need no gain from this is anyone already collecting off the government whos situation has not changed. People on SSI do not deserve more as their situation has not changed. People on welfare do not deserve this money as their situation has not been effected. If your working on either then yes you do as more than likely you have been effected.

I viewed it the same way in 2009, and I didn't have a thriving business back then.

Yes, you can prepare for it. Save money, eliminate your debt, and have supplies at home. It's really not that fucking difficult. Living paycheck to paycheck is a foolish thing to do. Companies can do the same, they are also allowed to stash money away. Sure, that will mean slowing down production, or dipping into that liquidity, but it's more than doable. Expecting the unexpected is part of actually being prepared. If it's not a virus, it's a housing collapse. If it's not a housing collapse, it's an earthquake.

Mind you, all of this "help" isn't coming from us, it's coming from our children and grandchildren. This is you saying you think the government should forcibly take money from people who are literally powerless to stop it, and pay for the shit you want. That is as selfish as you can get.

[Fahrenheit]

Lol like the last time someone made the same moronic charges...where is anyone celebrating?
It should be simple for you to show it.

I mean are you just angry because people are telling you "we told you so"?

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We might get a decent day today on the markets. The last couple days the fear and volitility index have all come down a bit so we might start to see a bottoms once we get past the shock of the first unemployment report Thursday.

Will all come down to that and congress at this point

Essentially, it comes down to this. If a subject makes Trump look bad, you must be absolutely silent about it, any talk about a subject that reflects negatively on GEOTUS is deemed patently un-American. So us, by having the gall to talk about this is construed by Redcaps as celebrating the downfall of American capitalism.

[Lenonis]

Save money, eliminate your debt, and have supplies at home. It's really not that fucking difficult. Living paycheck to paycheck is a foolish thing to do.

I'll say it again. Libertarians have an amazing lack of empathy. Also good god man are you way out of touch with what life is like on the bottom.

[Thekri]

I just don't know how people don't get the fact that this type of event was not anything anyone would have prepared for.

False. Pandemics are a well established historical fact, and people have known they are inevitible for centuries. Same as we know that Southern California will have a big earthquake "soon", and that large Hurricanes will hit the east coast. Yes they are disasters, but everyone knows they are coming, and you can take steps to prepare for them. The fact that most people do not prepare for pandemics, earthquakes, or hurricanes does not mean it is impossible.

Most businesses can survive a few weeks not months like this looks like its going to be. Airlines had no way to be prepared for this, cruise lines had no way to ever think this was going to happen.

Are you seriously saying this with a straight face? Airlines face major travel disruptions all the time, from terrorism, volcanoes, and yes, diseases. They absolutely have a plan for this, and they implement them. They ground planes, defer maintence schedules, move their purchasing schedules back, and lay off or furlough workers. Cruise lines DEFINITELY understand pandemics happen, their lack of preparedness is a function of greed, not suprise.

How would a restaurant even ever believe they would basically be shut down for 4 to 6 weeks?

True for smaller restaurant chains only.

This is not the banking crisis which could have been seen coming for years by all economists.

Oh dear god, the irony here...

This is a time where we all need help. And yes I believe big business needs help and so do the work force. The only people I believe that need no gain from this is anyone already collecting off the government whos situation has not changed. People on SSI do not deserve more as their situation has not changed. People on welfare do not deserve this money as their situation has not been effected. If your working on either then yes you do as more than likely you have been effected.

Wait, so you weren't a socialist before, but you are now? Because this is literally socialism, only targeted specifically for your social class, to the detriment of all others. I particularly love the part where you "deserve" help. Why? Why is it the governments responsibility to care for you? I am not saying it isn't, I am curious as to why you believe it is. Because if it is the governments responsibility to care for you for this unforeseen crisis, why isn't it also the governments responsibility to cover the medical bills of a poor family who got in a car wreck? Or had a kid born with birth defects? Or any number of smaller scale circumstances that are equally unforeseen, and equally devastating to their lives and finances.

Because I know the answer. The difference is that it happened to you this time. Trumpsters always care when it happens to them, and gloat when it happens to other people.

[Breccia]

I'll say it again. Libertarians have an amazing lack of empathy.

Come now, it's not like one of them with coronavirus went swimming in a public pool with a bunch of old people, right?

[Machismo]

I'll say it again. Libertarians have an amazing lack of empathy. Also good god man are you way out of touch with what life is like on the bottom.

I've been poor, it sucks in a major way. That's exactly why I have worked so damn hard to never be poor again. Punishing people who bothered to prepare is about as selfish as you can get. Choosing to live beneath your means is something almost everyone can do.

There's always a risk when it comes to how we spend/save our money. There's always going to be some unexpected impact to the economy and our daily routine. Sure, this epidemic came out of fucking nowhere, but the consequences of it can be expected, as they are not much different than other interruptions. I've been saying the same shit for years, about properly budgeting, living responsibly, and being prepared for worst-case scenarios (I literally just had a conversation with my wife about a worst-case scenario as a result of something in our lives).

I'm well aware of how people end up at the bottom, which is exactly why I have been preaching the same message for a long damn time. If I didn't care, and didn't have empathy, then I wouldn't have been pushing for people to be prepared in the first place.

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Come now, it's not like one of them with coronavirus went swimming in a public pool with a bunch of old people, right?

Rand Paul is a piss-poor excuse of a libertarian. He's a shitty Trumpster shill.

But, yes, I do love the irony of him catching it and spreading it.

[Lenonis]

If I didn't care, and didn't have empathy, then I wouldn't have been pushing for people to be prepared in the first place.

That's not empathy.

[Machismo]

That's not empathy.

I understand and share their feelings. I'm also willing to accept that the vast majority of adults in this country are where they are at, as a result of their own actions. One can be empathetic, and still accept that a person made poor choices in life. I simply preferred proactive solutions, instead of reactive ones.

[Lenonis]

accept that a person made poor choices in life.

Except the point which I was really hoping I wouldn't have to actually type out is that not everyone's circumstances in life are due to their "poor choice in life". You seem unwilling or unable to accept this could be the case. Not everyone can be prepared for worst case scenarios. Not everyone has the means or opportunities to pull themselves out of poverty. Sometimes those bootstraps just break and it's no fault of their own. I'm skeptical you believe that is true for anyone.