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Business, Economics, and Taxes: Eat Cereal for Dinner

aparch said:
Buckle up. Hedge funds are seriously shorting the entire stock market Monday. It's going to be a bloodbath.
Click to expand...
Call me when unemployment hits 30%.

(Although a huge stock market crash would absolutely be the final nail in the Alaskan economy's coffin)
 
Took the wife jewelry shopping yesterday to cheer her up. As a joke, I asked the clerks if they had any chains like Zuckerberg's so I could remain up on tech bro fashion. We agreed that if I do actually get one, it's gonna have a huge 'T' pendant (my first initial) and I'm going to go around introducing myself saying that the 'T' actually stands for Tech. 😁
 
GgZ1c1x.gif


Dow futures open down more than 400 points.

Asia markets are a mixed bag but opened in the red.
 
You don't need much...in '08 you could get a lot of big name stocks for a song. Be patient and you could be set for love.
 

Katie Phang (@katiephang.bsky.social)

“Now, as fears emerge Trump’s administration is ‘dangerously’ undermining the U.S. dollar, Musk has confirmed he wants to put the U.S. Treasury on a blockchain, the technology that underpins bitcoin and other cryptocurrencies—including Musk’s pet project dogecoin.”...
bsky.app bsky.app

Treasury on a blockchain...christ we are screwed.
 
US markets open down (a lot) as expected in pre-market trading, but as DX and I exchanged on BlueSky, it's not a Pandemic falloff, but a broader correction.

Dow dropped 2% at open and has leveled and down 1.2%. Asia markets hovered around down two all day (Nikkei worst down almost 3%), and Europe markets are holding at down 1.5. I'd have been happy to keep the drop below three. Seeing it stabilize at down 1.5 is good.


Oh, and Crypto is absolutely getting it's lunch handed to it. Bitcoin is best performer down two, Ethereum down double digits. Doge down seven.

Oil is up tho!
 
aparch said:
Someone blinked.


Can has been kicked down the road for a month regarding tariffs on Mexico. Trudeau and Trump will talk again this afternoon.
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Just like i said. Trudeau didn't balk so Trump made up a reason and walked it back. He got what he wanted...a distraction and a threat. When the Budget comes up in March and the government is going to be shut down he will do it again.
 
aparch said:
US markets open down (a lot) as expected in pre-market trading, but as DX and I exchanged on BlueSky, it's not a Pandemic falloff, but a broader correction.

Dow dropped 2% at open and has leveled and down 1.2%. Asia markets hovered around down two all day (Nikkei worst down almost 3%), and Europe markets are holding at down 1.5. I'd have been happy to keep the drop below three. Seeing it stabilize at down 1.5 is good.


Oh, and Crypto is absolutely getting it's lunch handed to it. Bitcoin is best performer down two, Ethereum down double digits. Doge down seven.

Oil is up tho!
Click to expand...
Wanna know why crypto is falling off a cliff? Fairly simple:

1) Trump embraces crypto, the bros support him and the value skyrocketing.

2) Trump wins, prices soar!

3) Trump, Melania and others use Solana to create coins to rip off the idiots. Not using Ethereum hurts the price.

4) Crypto bros and morons sell stakes in ETH and other coins to buy Trump, Melania and other Trump supported coins.

5) The selling off causes the price to tank as demand tanks. Rug pulls and oversaturation (Melania coin tanked Trump Coin...etc) erode average buyers confidence which causes more selling.

6) $profit
 
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