BREAKING: Dow Jones Record Plunge! Here’s Why
- Thread starter AlainLocke
- Start date
A Lot of things going on from what I've been reading. There have been quite a few people stating that we are currently in a bubble and it's getting to the point where it is going to burst which they mentioned in the video ( a downturn approximately every 10 years). Another point they mentioned that NPR has reported on as well is that the stock market does not reflect the actual economy of the average worker, that it is more a metric for shareholders.
There is a great counterpunch article that I think ties in to what we see happening here. Check it out if you are interested.
The Myth of the Middle Class: Have Most Americans Always Been Poor?
There is a great counterpunch article that I think ties in to what we see happening here. Check it out if you are interested.
The Myth of the Middle Class: Have Most Americans Always Been Poor?
I wish that you cats would go and pull up a 1 month/20 year stock chart, set it to bars and just look at it. I'm at work.
the economy goes up and then it goes down. Recessions happen. That’s how the market corrects itself...
Stock market has continuously gone up year after year..
Stock market has continuously gone up year after year..
Well, help us out when you get off work, there is no rush here.
One day idiots will realize the stock market is no indication of the health of the economy. All the stock market is an indicator of is how the elite get richer and has nothing to do with mainstream
here. look. @omnifax
You see the drop from 2007 to 2009? That's the recession where the housing market bubble burst.
You see the spot above 2017? That one small red candle?
Every point past that point is the absolute highest the Dow has been since the stock market opened.
Even if price drops back to that one red candle, there's really nothing to panic about.
Hell, if you got Dow related stock, just start shorting it.
You see the drop from 2007 to 2009? That's the recession where the housing market bubble burst.
You see the spot above 2017? That one small red candle?
Every point past that point is the absolute highest the Dow has been since the stock market opened.
Even if price drops back to that one red candle, there's really nothing to panic about.
Hell, if you got Dow related stock, just start shorting it.
An ashy lil fap hand
Banned
These nikkas about to pretend they understand the stock market in 3,2,1...
here. look. @omnifax
You see the drop from 2007 to 2009? That's the recession where the housing market bubble burst.
You see the spot above 2017? That one small red candle?
Every point past that point is the absolute highest the Dow has been since the stock market opened.
Even if price drops back to that one red candle, there's really nothing to panic about.
Hell, if you got Dow related stock, just start shorting it.
But the market is all about people’s confidence levels. All it takes is a bit of fear and that small little pebble rolling down the hill turns into a boulder. If enough fear sets in then this could just be the beginning of a massive crash.
People are fickle.
We will see where things go.
Absolut da poet ®
Jubilado
Let a breh breakdown these Covered Calls & Long Puts on your position ya na'meanThese nikkas about to pretend they understand the stock market in 3,2,1...
Get these 'puters 'putin.
But I know.. nikkas don't do options in Harlem
An ashy lil fap hand
Banned
Break it down.
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This is the 2008 crash.
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Inflation has been here all along. The 'problem' with wage growth is that this increases money velocity and industry costs, increases broader (rather than just asset) inflation and forces IR rises. It's the expected IR rises which triggered the sell-off not the fact that normal people are getting rises.
YamakaSmacker
Banned
This is when peons sell and lose while the strong hands acquire more and profit.
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The economy has been on life support for an unprecedented (in modern times) period of nigh on 10 years. Smoke and mirrors. The monster is back and this time traditional keynesian measures are not available to combat it. Unconventional measures such as changing the law might be called for.