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Started By
Message
Japan stocks plunge 7%, NVDA down 8%, TSLA 5% AAPL 7%. Dow & Nasdaq both down 400.
Posted on 8/4/24 at 7:22 pm
Posted on 8/4/24 at 7:22 pm
cnbc
If you have never lived through a crash, you're about to.
They don't call Buffett "The Oracle" for nothing.
If you have never lived through a crash, you're about to.
They don't call Buffett "The Oracle" for nothing.
This post was edited on 8/4/24 at 7:38 pm
8
Posted on 8/4/24 at 7:32 pm to Curb Your TDS
Good news is I’ll be buying cheap every week. Bad news is I’m trying to buy a house so won’t be able to jump in too heavy.
This post was edited on 8/4/24 at 7:32 pm
Posted on 8/4/24 at 7:33 pm to Curb Your TDS
quote:
If you have never lived through a crash,
We had a 34% crash 4 years ago. You don't remember that?
Posted on 8/4/24 at 7:34 pm to Curb Your TDS
You’re going to look silly when the US markets finish green tomorrow 
Posted on 8/4/24 at 7:35 pm to Curb Your TDS
Damn just last week I expected the market to stay artificially inflated until the election but I was wrong as usual when it comes to the market.
Dropped 10% in the past week alone now
Dropped 10% in the past week alone now
Posted on 8/4/24 at 7:35 pm to Curb Your TDS
Posted on 8/4/24 at 7:35 pm to JohnnyKilroy
quote:
We had a 34% crash 4 years ago. You don't remember that?
That one lasted about a month.
In 2000 the Nasdaq crashed 70 percent over 3 years.
That's a crash.
Posted on 8/4/24 at 7:38 pm to Curb Your TDS
Loading Twitter/X Embed...
If tweet fails to load, click here.This post was edited on 8/4/24 at 7:39 pm
Posted on 8/4/24 at 7:51 pm to boomtown143
And Buffet has been dumping Bank of America by the Billions recently.
The man is truly a genius.
The man is truly a genius.
Posted on 8/4/24 at 7:52 pm to Curb Your TDS
quote:
That one lasted about a month.
In 2000 the Nasdaq crashed 70 percent over 3 years.
That's a crash.
A lot of those dot com era companies had no real revenue. It was the wild west. I don't think we are in a situation like that, but the market probably is overvalued.
Posted on 8/4/24 at 7:55 pm to Curb Your TDS
Someone smarter than me explain what is going on in Japan. Is it the strengthening of the Yen caused by their hiking combined with the softening of the US economy? Or is there more at play?
Wasn’t the Nikkei at an all time high not too long ago?
Wasn’t the Nikkei at an all time high not too long ago?
Posted on 8/4/24 at 7:55 pm to Curb Your TDS
Posted on 8/4/24 at 7:57 pm to fallguy_1978
quote:
A lot of those dot com era companies had no real revenue. It was the wild west. I don't think we are in a situation like that, but the market probably is overvalued.
The Real Stocks like CSCO & INTC also crashed by 70%.
Intel & Cisco are still below their 2000 high.
The Nasdaq crashed 70 percent, the entire index, not just a handful of goofy .coms.
The silly .com stocks went under or dropped far more than 70 percent
Here is CSCO during .com bubble vs NVDA during AI Bubble.
Uncanny ain't it ?
This post was edited on 8/4/24 at 8:02 pm
Posted on 8/4/24 at 8:05 pm to Curb Your TDS
We didn't drop 70% in 2008 when the entire global economy was about to meltdown. We might be heading into a recession, already in one, in an AI bubble etc, but that sort of decline is pretty unlikely.
Posted on 8/4/24 at 8:07 pm to fallguy_1978
quote:
We didn't drop 70% in 2008 when the entire global economy was about to meltdown. We might be heading into a recession, already in one, in an AI bubble etc, but that sort of decline is pretty unlikely.
In the financial crisis the S&P was rolled back 16 years,
Posted on 8/4/24 at 8:11 pm to Curb Your TDS
My favorite thing about periods like this is that technical traders are nowhere to be found. When the circuit breakers come out, the technical indicators go out the window.
Posted on 8/4/24 at 8:22 pm to Curb Your TDS
Right, but if you didn't own individual stocks that went under, and didn't panic, you were fine in a year or two.
I don't think we have any indications out there of an imminent, massive crash right now.
Unemployment is fairly low, corporate earnings are ok, the low and middle end consumer seem to be struggling with higher prices and rates.
We are probably in a decent setup for a garden variety recession, absent some sort of big black swan event.
I don't think we have any indications out there of an imminent, massive crash right now.
Unemployment is fairly low, corporate earnings are ok, the low and middle end consumer seem to be struggling with higher prices and rates.
We are probably in a decent setup for a garden variety recession, absent some sort of big black swan event.
Posted on 8/4/24 at 8:25 pm to Curb Your TDS
Any other place you want to post this crap? Facebook? Instagram? My space?
Posted on 8/4/24 at 8:40 pm to Curb Your TDS
quote:
That one lasted about a month.
In 2000 the Nasdaq crashed 70 percent over 3 years.
That's a crash.
Yeah, I wonder what could have caused that...a lot of non-revenue companies going public raising significant money from dumb asses and using sock puppets for advertising...that's so like 2024.
Posted on 8/4/24 at 9:30 pm to SloaneRanger
quote:
Someone smarter than me explain what is going on in Japan. Is it the strengthening of the Yen caused by their hiking combined with the softening of the US economy? Or is there more at play?
Wasn’t the Nikkei at an all time high not too long ago?
The multi trillion dollar yen carry trade is unwinding because the BOJ finally let rates rise to try to save the currency.
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