BREAKING: Dow Jones Record Plunge! Here’s Why

[FreshFromATL]

Just waiting on the tinfoil hats to show up

 

[Mr. Negative]

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.

yeah, it may drop some more. It hit support before the market closed. We'll see if it keeps rallying in about an hour. or so.

Not that I got any indicies or anything, for that matter.

 

[Diondon]

Panic is never the move.
Corrections happen all the time.

 

[WaveCapsByOscorp™]

within those first 5 minutes, he makes a good point and explains himself. i enjoyed hearing that explanation and it makes sense. it's a shame because i feel like the backlash will be bad and the controlling party in washington won't take proper steps at all. they see the storm already. one point that man made was that after '08 bailouts, wages didn't increase but the bailout enable those companies to stay afloat during the period AND then still afterwards.

i believe the term he said was that they were still making "hand over fist" money while everyone else's wages have stayed the same for the past 10 years. only now are we talking about tax adjustments, wage increase, etc. but it's happened in the wrong order, so to speak, or an order that has created a lot of issues; inflation fears, weaken dollar, stupid political heads, etc...

 

[omnifax]

This is the 2008 crash.

Right, I was using it as a contextual reference point to some similar situations in the past such as the great depression and as you said the 2008 crash.

 

[omnifax]

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.

In your opinion is it accurate to say that the market it due for a large downturn enough to wipe out the the gains made in the last 20 years approximately?

 

[satam55]

I know this video would be in the OP.

 

[null]

Right, I was using it as a contextual reference point to some similar situations in the past such as the great depression and as you said the 2008 crash.

OK cool but I meant that this is still the actual 2008 crash.

 

[360dagod]

These nikkas about to pretend they understand the stock market in 3,2,1...

 

[Mr. Negative]

In your opinion is it accurate to say that the market it due for a large downturn enough to wipe out the the gains made in the last 20 years approximately?

Nah, when the next actual recession hits, it'll......

you see that spot above 2016 on that chart I posted? I'm expecting it to drop right below that point. between 15000 and 15500 before it starts going back up. If you see the interest rate going up in the near future, the market will drop right after.

 

[YamakaSmacker]

Panic is never the move.
Corrections happen all the time.

Especially after such a long bull market. I've been waiting for this correction for a while Exxon was $77 yesterday