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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #1821
    Lowa [NSN]'s Avatar
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    Quote Originally Posted by August View Post
    TSLA took a -20% shit today.
    Fuck Tesla, please tell me one of you nerds made a killing on NVIDIA before they dropped last week ($589 to $496). I didnt because I am a fuckin idiot and never bought any when they dropped to 120 like I told everyone else to do... Hindsight and everything but that would have been FIRE opportunity.
    Quote Originally Posted by Tarminic View Post
    I would create a dragon made out of vaginas. Then I would create a dragon made out of dicks. Then I would have them fight to the death.

  2. #1822
    Movember 2011Movember 2012 Nordstern's Avatar
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    I am looking at buying WFC again, but I can't tell if it's going to go lower. I guess it depends on how many bankruptcies occur over the next year.

  3. #1823

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    Quote Originally Posted by Maximillian View Post
    The mouse utopia experiments were about the effects of overcrowding not socialism. While there is a lot of debate in behavioural psychology circles over the results the idea was that once mice / rats were forced into near constant interaction - referred to as hyper-socialisation - that normal rodent behaviour went haywire and aberrant behaviour took hold. Rodents born into such conditions never regained normal behaviour even when they were removed from the experiment, meaning the population became extinct.

    In fact you could compare the results more to the effects of social media than to prisons or socialism.
    True social media has never been tried!

  4. #1824
    Donor erichkknaar's Avatar
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    Quote Originally Posted by August View Post
    Quote Originally Posted by Maximillian View Post
    The mouse utopia experiments were about the effects of overcrowding not socialism. While there is a lot of debate in behavioural psychology circles over the results the idea was that once mice / rats were forced into near constant interaction - referred to as hyper-socialisation - that normal rodent behaviour went haywire and aberrant behaviour took hold. Rodents born into such conditions never regained normal behaviour even when they were removed from the experiment, meaning the population became extinct.

    In fact you could compare the results more to the effects of social media than to prisons or socialism.
    True social media has never been tried!


    yet...
    meh

  5. #1825

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    Quote Originally Posted by Nordstern View Post
    I am looking at buying WFC again, but I can't tell if it's going to go lower. I guess it depends on how many bankruptcies occur over the next year.
    Fuck Wells Fargo. I have leap options in them that are useless. Everytime I think it can't go lower, it goes lower. That said, bank stocks could be a hedge against higher interest rates .... right?

  6. #1826
    Donor Spaztick's Avatar
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    I have losing stocks right now but they're safer investments that pay out dividends. Not great for making money or speculating but better than YOLOing my retirement on Musk.

  7. #1827
    Nobody_Holme's Avatar
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    Could someone provide a wiki or similar that explains the stonks technobabble?
    I am confuse.

  8. #1828
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by Nobody_Holme View Post
    Could someone provide a wiki or similar that explains the stonks technobabble?
    I am confuse.
    https://www.investopedia.com/
    https://www.investopedia.com/financi...ionary-4769738

    You can also ask us. What part is confusing?
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  9. #1829
    Movember 2011Movember 2012 Nordstern's Avatar
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    Actually, maybe we should make a separate thread for investing/trading.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  10. #1830
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    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Nobody_Holme View Post
    Could someone provide a wiki or similar that explains the stonks technobabble?
    I am confuse.
    https://www.investopedia.com/
    https://www.investopedia.com/financi...ionary-4769738

    You can also ask us. What part is confusing?
    Its a wall of technobabble I've never used or seen.
    The ideas I get, just needed a reference to work from.
    Ta.

  11. #1831
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by Nobody_Holme View Post
    Quote Originally Posted by Nordstern View Post
    Quote Originally Posted by Nobody_Holme View Post
    Could someone provide a wiki or similar that explains the stonks technobabble?
    I am confuse.
    https://www.investopedia.com/
    https://www.investopedia.com/financi...ionary-4769738

    You can also ask us. What part is confusing?
    Its a wall of technobabble I've never used or seen.
    The ideas I get, just needed a reference to work from.
    Ta.
    I can recommend Trading Places as an entertaining primer. The Big Short is very good but very complicated, and although they explain things well, you'll have to watch it several times to catch everything. Do not watch Jim Cramer.

    You can look up terms like shares, bond, dividend, yield, equity, and capital gains to start with. Don't bother with studying options, futures, theta or inverted yield curves until you understand things better.
    Last edited by Nordstern; September 12 2020 at 02:52:34 AM.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  12. #1832

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    On my part, I'll explain roughly the terminology I used in my posts.

    Options - Contracts with an expiration date to buy or sell 100 shares of the underlying stock at an agreed upon price. These options have a premium, so if you write (sell) an option, you get money just for that from the premium, and conversely if you want to buy an option you have to pay the premium for it. The premiums and the expiration dates are why options are far more risky than stocks, because they can be compared to bets basically.

    Hence the term for the reddit sub, Wall Street Bets. They do options almost exclusively.

    I bought leap options on Wells Fargo. Leap means the expiration date of my contract is more than 1 year from the time I bought it. I'm betting that Wells Fargo stock will go up to more than $28 by then, and if it doesn't then the contract becomes worthless and I lose all the premium I paid for it. I think I paid something like $5000 total on the premium for several options on this. They are currently worth around half that now.

    Nordstern mentioned VXX. There is a metric by the Chicago Board of Exchanges called VIX, which is a secret formula that no one knows (but several papers have reversed engineered it /shrug I'm not so sure about that), that is supposed to approximate "volatility" in the stock market, whatever that means. That said, VIX does a pretty good job, it almost always goes up before and during a market dip or crash. Now, VIX is just a metric, there's no underlying shares. But the market is one of the most amazing human inventions ever, and there are now VIX futures, which are nothing more than bets that people make with each other on what number the VIX will be at in a month, two months, etc.

    Even further than that, there are funds run by people that try to track the VIX by buying and selling VIX futures. VXX is one of them. You can buy shares in VXX, which is what Nordstern did.

    I mentioned buying put options on VIX as well as VXX. Put options are bets that the underlying price (or, in the case of VIX, just the VIX number) will go down.
    Last edited by August; September 12 2020 at 04:48:20 AM.

  13. #1833
    Keckers's Avatar
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    If you read all that and think 'gee this financialisation of everything seems pretty retarded' just wait until you hear about debt markets.
    Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.

  14. #1834

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  15. #1835
    Donor Spawinte's Avatar
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    Strong Ted Kaczynski vibes from the last few pages.

  16. #1836
    Venec's Avatar
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    https://en.m.wikipedia.org/wiki/Project_Cybersyn

    Thx CIA, as always you're the best.

  17. #1837
    Liare's Avatar
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    Quote Originally Posted by Venec View Post
    https://en.m.wikipedia.org/wiki/Project_Cybersyn

    Thx CIA, as always you're the best.
    the greatest irony of the whole "PLANNED ECONOMICS CAN NEVER WORK!" spiel is that we're living with multiple planned economic systems already, after all the point of much of supermarket logistics is to minimize food waste to optimize profits while also maximizing sales. conglomerates like Wallmart solved the the calculation problem decades ago, it's just a question of optimizing for wastage now.
    Viking, n.:
    1. Daring Scandinavian seafarers, explorers, adventurers, entrepreneurs world-famous for their aggressive, nautical import business, highly leveraged takeovers and blue eyes.
    2. Bloodthirsty sea pirates who ravaged northern Europe beginning in the 9th century.

    Hagar's note: The first definition is much preferred; the second is used only by malcontents, the envious, and disgruntled owners of waterfront property.

  18. #1838
    Venec's Avatar
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    Quote Originally Posted by Liare View Post
    Quote Originally Posted by Venec View Post
    https://en.m.wikipedia.org/wiki/Project_Cybersyn

    Thx CIA, as always you're the best.
    the greatest irony of the whole "PLANNED ECONOMICS CAN NEVER WORK!" spiel is that we're living with multiple planned economic systems already, after all the point of much of supermarket logistics is to minimize food waste to optimize profits while also maximizing sales. conglomerates like Wallmart solved the the calculation problem decades ago, it's just a question of optimizing for wastage now.
    P. much. And doesn't Amazon run its entire supply chain based on AIs churning data too?

  19. #1839
    Donor erichkknaar's Avatar
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    Quote Originally Posted by Venec View Post
    Quote Originally Posted by Liare View Post
    Quote Originally Posted by Venec View Post
    https://en.m.wikipedia.org/wiki/Project_Cybersyn

    Thx CIA, as always you're the best.
    the greatest irony of the whole "PLANNED ECONOMICS CAN NEVER WORK!" spiel is that we're living with multiple planned economic systems already, after all the point of much of supermarket logistics is to minimize food waste to optimize profits while also maximizing sales. conglomerates like Wallmart solved the the calculation problem decades ago, it's just a question of optimizing for wastage now.
    P. much. And doesn't Amazon run its entire supply chain based on AIs churning data too?
    Not quite the language I would use.
    meh

  20. #1840

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    Quote Originally Posted by Liare View Post
    Quote Originally Posted by Venec View Post
    https://en.m.wikipedia.org/wiki/Project_Cybersyn

    Thx CIA, as always you're the best.
    the greatest irony of the whole "PLANNED ECONOMICS CAN NEVER WORK!" spiel is that we're living with multiple planned economic systems already, after all the point of much of supermarket logistics is to minimize food waste to optimize profits while also maximizing sales. conglomerates like Wallmart solved the the calculation problem decades ago, it's just a question of optimizing for wastage now.
    A company having a good logistics chain isn’t what a centrally planned economy is.

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