DFWMustangs stock market game 4 starts 3/25/2014

[Captain Crawfish]

I hope the fucking thing craters.

It will reset always does.

[TexasDevilDog]

Shanghai opened -6.41%

[Strychnine]

I Have No Money So The Stock Market Crash Is Kinda Fun For Me


This morning when I fired up my 2008 refurbished MacBook Pro and saw that the Dow Jones had plunged 1,000 points, I almost fell off my stinky old bean bag chair. “Woah,” I yelled over the fake wall to my three roommates that sleep in the living room, “this stock market stuff seems like it could really mess up people’s finances!” But not ours, because we don’t have any finances. The New York Stock Exchange could crumble to pieces and slide into the ocean and the only thing we’d be worried about is did we buy enough chicken for our “Chicken” party (a party where we have a lot of chicken).

I earn $500 a week at my job fitting people for wet suits, so to me, the stock market is usually like a beautiful country club full of happy, rich people slurping the sauce off shrimps and rubbing their sweatered torsos together in celebration of their money piles pooping out money piles. But today that country club is on fire, and everyone’s running around screaming, stuffing silverware in their pockets, throwing martinis on each other, and I’m standing right outside, watching the whole thing go down while I eat leftover chicken. It’s actually very awesome.

This is all the money I had before the stock market crashed this morning:




This is all the money I have now, after the stock market crashed this morning:




Okay, I guess since the global market crash, some of my assets have shifted a bit.

This is everything I owned before the stock market crashed this morning:
1 iPhone
3 pairs of Chuck Taylors
2 pairs of jeans
1/2 a pizza
1 $50 gift card to Bed Bath and Beyond
1 Spotify premium account
1 almost-fully-punched-out coffee card
1 framed poster of Lock, Stock and Two Smoking Barrels

This is everything I own, now, after the stock market crashed this morning:
1 iPhone (+5Gs storage since I deleted a bunch of vids I took at the Chicken party)
3 pairs of Chuck Taylors
1 pair of jeans
1 pair of jean shorts
1/2 a refrigerator-aged pizza
1 $50 gift card to Bed Bath and Beyond
1 Spotify premium account currently blasting Kendrick Lamar
1 FULLY-punched-out coffee card (whatup!)
1 framed poster of Lock, Stock and Two Smoking Barrels with chicken grease on it

Me and my roommates were gonna dump out the garbage bag full of change tonight and go see Mission Impossible: Rogue Nation, but I think instead we’re just gonna watch the stock market crash more. Chris’s mom sent us a huge tin of kettle corn, so we’re gonna gather around the computer, stuff our faces and just keep refreshing CNN to see pics of bank guys looking at stock charts and freaking out. Woah, this crash has already made us enough money for another Chicken party!

[HarrisonTX]

I've got $400 to blow in the morning. Increase my position in ENBL, buy Appl, or add to GPRO? Opinions?

[1carcrazyguy]

400 won't get you 4 shares of AAPL. So I would say go with something else. By the time you add your $7-10 fee just to add 3 shares. It just doesn't add up.

[slow99]

$400 - commissions will eat you alive. Wait until you have more, imo.

[1carcrazyguy]

Decided to go ahead and lower my cost average in AAPL. Bought 33 more shares at 108.50.

[Strychnine]

I recently did some 401k to IRA rollovers and combined accounts, and until I had time to do anything I left most of it (nearly all) sitting in cash in a Fidelity account with a few stocks thrown in there.

Friday to today I've lost 0.06%.

[Broncojohnny]

I recently did some 401k to IRA rollovers and combined accounts, and until I had time to do anything I left most of it (nearly all) sitting in cash in a Fidelity account with a few stocks thrown in there.

Friday to today I've lost 0.06%.

Good timing. I keep all my 401k money in S&P index funds. I have some money in a similar situation that I moved to cash at S&P 1950 level.

[1carcrazyguy]

Sold my BABA shares at a rather large loss. Thinking about starting a position in GE, while it is down, for the dividend and potential upside. Any thoughts?

[Captain Crawfish]

Sold my BABA shares at a rather large loss. Thinking about starting a position in GE, while it is down, for the dividend and potential upside. Any thoughts?

Just follow the money

[slow99]

Well that felt a little better.

[Sean88gt]

Just follow the money

Are you posting any/every financial quote you can recall?


Side note, looks like we don't give a shit about China...

[Captain Crawfish]

Are you posting any/every financial quote you can recall?


Side note, looks like we don't give a shit about China...

the guy asked for thoughts I said follow the money. 1.4T gone in a few weeks says a lot of folks are heading for the hills. that's no trend I would try to fight

[Broncojohnny]

I have to laugh at all the feel good news stories, they really are addicted to zero interest rate policy and hype. This shit isn't over.