INVESTOLOPNIK

"Mr. Ontop, No Strokes, No Smokes...Goes Fast." (twostrokesmoke) 07/08/2015 at 12:52 • Filed to: None

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In case there are any other adults reading this...you may not want to look at your investment portfolio today, the bottom is falling out. Trading has been halted on the NYSE. If you are young, I might recommend starting to buy some stocks soon, while they are down, and then sit on them for about 40 years or so.

SidewaysOnDirt still misses Bowie > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 12:57

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Let’s see.... Minor or major correction or another full recession?

LongbowMkII > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 12:57

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LongbowMkII > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 12:58

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Also, apparently everyone else figured out that China is tanking and panicked.

Once again, being poor pays off!

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > SidewaysOnDirt still misses Bowie 07/08/2015 at 12:59

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Official word is that it is a technical glitch, but the timing of it seems a little suspicious....where’s my tinfoil hat?

Maximum_Odyssey > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:01

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Currently looks like a computer problem. However, if you look at China...they are in full on panic mode. The government stopped trading of +26% of the top company stocks to stop a pure free for all. The Shanghai index is down 30% over the past month.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > LongbowMkII 07/08/2015 at 13:02

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China has been overdue for a long while. It’ll pull the rest of the world down with it, just due to the size of the market.

Honestly I’m a little more nervous about Italy and Spain going down like Greece. Those will effect us quite a bit.

Highlander-Datsuns are Forever > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:03

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My 401k tanked in 2008 as well. This sounds like your typical axis of evil computer hack.

thebigbossyboss > LongbowMkII 07/08/2015 at 13:03

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Haha same. Gonna go buy some index funds now.

Luc - The Acadian Oppo > LongbowMkII 07/08/2015 at 13:09

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It’s been working great for me so far. When you have nothing to lose you have nothing to worry about.

spanfucker retire bitch > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:09

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Some dumb shit probably cut the fiber optic line. WOOPS.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > Maximum_Odyssey 07/08/2015 at 13:13

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The Nikkei wasn’t exactly a fun place to have money today either.

LongbowMkII > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:14

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MY INTERNET IS DOWN!!!!

I should probably pay Time Warner on Friday....

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > Luc - The Acadian Oppo 07/08/2015 at 13:14

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Until your employer no longer has anything...then there’s a problem.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > thebigbossyboss 07/08/2015 at 13:16

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Which ones do you go with?

Tekamul > LongbowMkII 07/08/2015 at 13:18

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The Chinese market isn’t really a market, just a gov’t tool.

But long term, I think we are about to hit a rough couple quarters again. China, 2nd tier Euros, the unknowns of the next US President all point to frowny faces.

Luc - The Acadian Oppo > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:21

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eh...I’ll find another dead end job I hate for shit pay.

A wise man once said “If you don’t expect much in life you’ll never be dissapointed.”

Santiago of Escuderia Boricua > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:21

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Technical glitches are bound to happen when they have basically unregulated computers trading with lasers

TheBloody, Oppositelock lives on in our shitposts. > spanfucker retire bitch 07/08/2015 at 13:22

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More likely just bumped it, those things are easy to dislodge.

Birddog > LongbowMkII 07/08/2015 at 13:22

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“Once again, being poor pays off!”

But it’s sooo tiring..

RamblinRover Luxury-Yacht > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:24

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I have a 401k, but what I’ve got in it is about tree-fiddy. I also can’t really do anything beyond directing to this or that fund...

BrtStlnd > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:28

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Stocks are down 1% today. That’s ONE PERCENT, hoss. Not the bottom falling out. The NYSE outage is obviously concerning though.

TheBloody, Oppositelock lives on in our shitposts. > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:29

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NYSE stocks are still trading on other markets though, so it’s not a actual halt on trading. Just so dumbass probably pulled the wrong fiber cable.

deekster_caddy > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:29

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Trading halted on NYSE due to “technical reasons”, not big price drops. At least that’s what I heard. I don’t have any stocks off more than 5% today, which is pretty common for day to day fluctuations, 3%-5%. They were all up at the end of yesterday, today they just went back where they were. Don’t be a day trader, invest in long term companies. All the stocks I own are in my Roth IRA, and I don’t own that much. But you’ll never cash out if you don’t invest. I have the typical 401K through work, etc. and just let it be. It will be fine, the money managers who run it know what they are doing.

Anyone with heavy investments in China better be able to withstand a few large dips.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > BrtStlnd 07/08/2015 at 13:32

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Not the NYSE, not yet anyway, but China was something like -26% when the government halted all trading... I’d say that’s the bottom falling out....or a major correction. whichever term you prefer.

nermal > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:36

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You gotta diversify! I’m down 1.8% for the day, compared to up 2% yesterday, so about a wash since the start of the week.

Now is the time to scoop up oil & gas stocks while they are deflated. I held on to the ones that I have too long, and a lot are down ~50% since this time last year. No sense selling now while they are at the bottom.

It’s a good time to get into TSLA and AAPL as well.

BrtStlnd > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:37

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Chinese stocks had a HUGE run up earlier this year... not very surprising that it’s retreated so much. It’s been a fast ride down though.

Satoshi "Zipang" Katsura > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:37

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I might think about investing in Nvidia/Tesla soon. When should I pull the trigger?

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > BrtStlnd 07/08/2015 at 13:37

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Roller coasters are always interesting, no doubt.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > Satoshi "Zipang" Katsura 07/08/2015 at 13:45

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I was looking at TSLAA last night for my niece who is also thinking of investing. It’s not too far off of it’s 52 week high. If you are looking for a quick turn and burn I think that I would hold off a bit. if you are looking for a longer investment, I might put some into it.

SidewaysOnDirt still misses Bowie > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:46

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Yeah, I’m with you. Not really a tinfoil hat guy, but it’s definitely weird. I wouldn’t be surprised if we find out in a few months that the Chinese were behind an attack.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > SidewaysOnDirt still misses Bowie 07/08/2015 at 13:49

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I’m not a really a conspiracy guy either, but I also don’t believe in coincidence when it comes to finances on this level.

thebigbossyboss > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 13:55

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Not sure. I meant “buy my first index fund”.

Rico > deekster_caddy 07/08/2015 at 13:56

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“technical”

SidewaysOnDirt still misses Bowie > Satoshi "Zipang" Katsura 07/08/2015 at 13:57

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Tesla’s only really worth its market cap if they end up being as big as Ford, which I don’t see happening. There’s alot of hype around it, which is something that I tend to stay away from.

Biggus Dickus (RevsBro) > LongbowMkII 07/08/2015 at 14:05

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Anyone who couldn’t see the China bubble coming shouldn’t be investing. It was blatantly obvious.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > thebigbossyboss 07/08/2015 at 14:06

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Cool. Gotta start somewhere!

Biggus Dickus (RevsBro) > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 14:07

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Tesla is overpriced. Always has been and will be for the foreseeable future.

Biggus Dickus (RevsBro) > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 14:08

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its anything like the old flash crash the will likely just void all trades for a certain time period.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > Biggus Dickus (RevsBro) 07/08/2015 at 14:24

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Do you knwo fi the battery operations are part of the auto group or is that a separate entity? That is the one that really holds my interest.

thebigbossyboss > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 14:35

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I sure hope when I buy I start near the bottom. just like drake.

wkiernan > SidewaysOnDirt still misses Bowie 07/08/2015 at 14:49

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Dow’s down 1.3%, NASDAQ’s down 1.7%, whoop-de-doo. That’s not a crash, that’s statistical noise. Here’s Reagan’s crash (10/19/87):

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > thebigbossyboss 07/08/2015 at 14:53

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Drake? explain for us old farts.

SidewaysOnDirt still misses Bowie > wkiernan 07/08/2015 at 14:53

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We’re really down closer to 5% from recent highs in the Dow. I think that this bull market is finally dead.

Biggus Dickus (RevsBro) > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 14:54

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If I were Tesla I would have set it up or would set it up as a subsidiary that could be spun off down the road. I don’t know for sure

Biggus Dickus (RevsBro) > Satoshi "Zipang" Katsura 07/08/2015 at 14:55

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Depends if you are an experienced investor or not.

thebigbossyboss > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 15:00

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Drake (a rap artist) had this song called “started from the bottom now we here”

It was ridiculed because the rapper Drake starred as a child in a show called “Degrassi” which was popular in the USA and Canada. He made as much as a 15 year old as I do today more or less. So this song about how he “started from the bottom” is hilarious because sure he was making $40K....but making that when he was 15 years old. Not exactly starting from the bottom.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > thebigbossyboss 07/08/2015 at 15:10

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I tried to listen, but then i remembered I have an allergic reaction to most rap....Dre and Snopp and a couple others excluded.

thebigbossyboss > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 15:13

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I actually hate this drake bs too, but couldn’t not make fun of it.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 07/08/2015 at 15:30

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SNOOP! I CAN’T TYPE!!!!!

Eric @ opposite-lock.com > BrtStlnd 07/08/2015 at 15:34

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I was going to say that my portfolio hasn’t seen more than a normal daily fluctuation. 1-2% is nothing (in spite of being more than the price of a decent used car).