i wonder how many more days of this have to happen before the billionaire class start buying stocks for pennies
They were given a heads up and shorted the market first, so they’re gonna take all those profits and use them to buy the dip
that’s why this is happening. this is the point.
I’m no millionaire but I definitely sold my stocks shortly after Trump was elected so I’m at least not too worried as I might be able to get them back for pennies. For once a market crash might actually benefit me. If only house prices came down as well, then I might actually be able to afford one.
Futures markets, which are a way for traders to move stocks when the major exchanges are closed
When are we going to call this the gambling addiction it is?
It’s actually the stock market that’s ridiculous for closing at all. It causes big problems like gaps in trading prices where you can easily miss the stop price.
It’s 99% automated and we still follow the work schedule of New York for no reason
What will be extremely funny is if the market drops so fast that the ‘circuit breakers’ get triggered.
Basically, the SP500, the DJIA… most modern exhanges have rulesets that say if a particular stock… or entire market… drop too much, too fast, trading on them is then just ended, for the rest of the day… I think there are some theoretical scenarios where the trading pauses can last more than a day.
If that manages to happen… Trump will have literally broken the markets.
Seeing as I don’t have a 401k: This would be extremely funny.
Even if the markets don’t crash that fast…
We are looking like we will have such massive drops in so many stocks over… the past few months, and likely next week…
Well… a lot of companies … finance a lot of their operations with debt. (EDIT: In particular, leveraged buyouts, ie, buying another company, with a loan) Debt based on their shares as collateral. So… when your stock goes down enough… now the lenders want … more stocks, more money, a higher interest rate, whatever is built in to their exact contracts.
Basically, we’re probably gonna start to see a bunch of people and companies get margin called.
And that will further intensify panic and general chaos.
(Elon Musk in particular is extremely likely to be utterly fucked by this kind of scenario)
EDIT: Whoah BOY its monday now, update time!
https://seekingalpha.com/news/4429010-asia-stocks-panic-selling-tariffs-circuit-breakers
Multiple Asian markets blew out their circuit breakers and halted trading.
Japan, SK, Taiwan at least had this happen.
US and EU markets, as far as I can tell, are dropping/dropped hard, but have not yet hit any circuit breaket halts.
The SP500 did momentarily enter Bear Market territory, which is defined as a 20% drop from the last high… which was in mid February.
So uh yeah, welcome to Great Depression 2.0 everyone!
Didn’t Ryan Cohen trigger it when he rug-pulled BBBY? I diamond-handed it like a good little bitch, but I broke even at least.
I am not a degenerate memestock/crypto gambler so I didn’t follow any of this…
https://www.forbes.com/sites/qai/2022/08/18/why-do-stocks-get-halted-bbby-stock-is-a-modern-example/
But yes, apparently this did actually happen, circuit breakers got triggered on BBBY when Cohen did some fuckery a few years back.
But on this blessed day… we are all meme stocks.
praise be to the godking and his delicate, small, guiding hands
I’ll do it again bro
Not a cryptobro though, don’t group me with them
I just said I’m not one, your finances are between you and your… fund manager, god, youtube financial advisor, whoever, I have no idea.
Unless of course you’d be willing to share some of those finances with an overeducated, now crippled from a brutal physical assault and mugging, living off of SSDI, potentially over opinionated and snarky nerd.
funny is if the market drops so fast that the ‘circuit breakers’ get triggered.
One of them already popped. I think it was the Nikkei.
They need more time to commit crime. The trading day was not long enough for all the crime they were trying to fit into it.
It’s because the exchanges don’t want to have to maintain three times as many support staff in rotating shifts.
You will have trading spread through more hours
According to the boss at my house, we’re back to zero from when we moved during the first days of the pandemic. The moral at work is at an all time low. Everything is super expensive now. If I’m hurting, there must be a hundred people who are hurting even more. So anyway, if I was at the top I would stop soon.
Imagine a world where everyone is hurting financially and they know it was you who stole from them. No matter where you went, friendly or unfriendly, everyone is your enemy. Looking directly at putin for example, Putin can never go anywhere without protection. He can never enjoy a single five star restaurant without fear that his food is tampered. Forever stuck eating Twinkies and coke?
I maintain that the tampered food problem is exactly why Drumpf eats at McDonald’s. There are so many stores that he can send someone to go get it for him, knowing that the food is clean, because they have no clue what specific locations he’s going to order from on any given day.
If I was a betting man, I’d get the hell out of stocks and bonds and go to the horse races because this economy is FUUUCKED!
You would sell low?
no. I would sell high.
today’s low is tomorrow’s high.
2024 was the worst time to start saving for my retirement… But hey, at least I haven’t lost as much as others… 😒
deleted by creator
you know what. In a very broad philosophical way, i support Trump’s Tariff. It would lead to reduction in global consumption rates, esp the amount of resources Americans and Europeans consume. More Tariffs- >Less consumption-> healthier planet. Win. This is a 5D move by Trump that even he is not aware of.
In the same way that Nero was an enviromentalist, burning Rome to the ground meant that fewer people were throwing shit in the Tiber, im sure the fish appreciated that.
Silver is under $30, gold is in it’s correction but at 10:1 I think silver is the right play still. Just my personal preference but I think gold is good when the ratio is more like 5:1.
I haven’t bought gold in awhile.
edit: lol, mad techbro comin’ at me. Stay mad and keep F5ing your account. I still haven’t looked and I won’t. It’ll do what it do, I’m not panic selling.
I’m downvoting you because nobody asked about silver
I’m downvoting you because nobody asked about silver
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