Well that escalated quickly. Apart from crude oil, almost all asset classes were clubbed like baby seals today as event risk anxiety (ahead of FOMC) combined with OpEx technicals ($3.4 trillion options expiration) and European 'fragmentation' fears and all the usual geo-political, geo- economic factors that are holding back the dip-buyers as the S&P drops into a bear market and US equities broadly test 2022 lows (while TSY yields push multi-year highs).
Poster Comment:
Tough day for a lot of folks.
#1: StraitGate To: Esso (#0)
StraitGate posted on 2022-06-13 20:43:08 Reply Private Reply
#2: Lod To: StraitGate (#1)
Lod posted on 2022-06-13 20:52:20 Reply Private Reply
#3: Esso To: StraitGate (#1)
Pffft, that's nothing. Rainman and his wife should break even on the AirB&B duplex debacle by the year 3214, if they maintain 100% occupancy with 0% expense.
That $100-150k project is pushing a million as of yesterday and going deeper. Just mind blowing. They're clot shot victims. No common sense left. I can't help them, it's too far gone. I told him to have Blackrock take it over a couple months ago. That would've been his only hope of any recovery.
His wife heard on FaceFuck that she'd get rich while spending a third of a million at Amazon on bullshit/nonsense DooDads. What do I know? I've only been doing shit like this professionally since 1995. Before that, I didn't exist.
Esso posted on 2022-06-13 21:56:38 Reply Private Reply
#4: Esso To: All (#3)
Esso posted on 2022-06-13 22:35:39 Reply Private Reply
#5: StraitGate To: Esso (#3)
That reminds me of the story about the talking dog.
StraitGate posted on 2022-06-13 22:46:50 Reply Private Reply