Uh Oh, Bad Things Are Happening
For months now, the world has been zapped periodically by mini financial panics, a sign that money people everywhere are extremely skittish. This morning, we have all the makings of a very bad day.
The Chinese stock market, which crashed spectacularly this summer and sent the entire world into a medium-grade financial panic, is now back in bull market territory again. Booming! Invest now, before it collapses again next year.
As bond prices “flash caution signals about the broader economy,” Goldman Sachs warns of a “major move” in stock prices, and investor pessimism reaches a 15-year high, we are here to remind you: EVERYTHING IS FINE.
Today Stocks Were Way Up Because the Stock Market Is Pure Fantasy
After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit. http://gawker.com/is-the-stock-m…
Mid-day FINANCIAL PANIC report: after dropping 1,000 points this morning, the Dow shot up 600 points, then down another 400 points, and then up again, and now it’s down less than 300 points on the day. Also diamonds are cheaper now, which is nice.
The Chinese stock market’s sickening recent plunge potentially endangers the entire global economy, but do not worry: China’s richest investors have already cashed out. Ignorant middle class investor-gamblers, don’t miss this unique chance to jump onto a sinking ship. Buy now! http://gawker.com/reminder-dont-…
New York Stock Exchange Halts All Trading
The New York Stock Exchange suspended all trading at about 11:32 this morning, reportedly because of technical issues.
Reminder: Don't Borrow Money to Invest
China’s stock market, the most high-flying in the world lately, is now mired in its inevitable crash. What rises too high shall fall again. In the long run, it will be okay. Unless you did something stupid.
China’s stock market, almost universally acknowledged to be one of the world’s foremost bubbles, dropped more than 7% today, which is enough to cause widespread speculation that the bubble is popping, but not enough to make Chinese stocks a good investment.
Biotech stocks, which have risen 550% since the depths of the recession, are now prime targets of short sellers betting they will collapse in grand fashion. “Of any part of the market, this is the one with the most bubble-like characteristics, without question.”
One Nobel Prize-winning economist’s calculations say the stock market is dangerously overvalued, and various Wall Street pundits disagree, but all that really matters is how soon gutter alarmist media like us can convince America’s least informed moron investors to panic. Then the fun starts.
Rich Bastards Love Tobacco Stocks
People who buy stocks in alcohol, tobacco, gambling, or (new!) marijuana companies are said to be investing in “vice”—traditionally a good way to earn premium returns in exchange for being a morally bad human. Who are these successful bastard investors?

