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Black Monday, August 5th, 2024

Discussion in 'BBS Hangout: Debate & Discussion' started by AroundTheWorld, Aug 5, 2024.

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  1. AroundTheWorld

    AroundTheWorld Member

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    #1 AroundTheWorld, Aug 5, 2024
  2. AroundTheWorld

    AroundTheWorld Member

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    #2 AroundTheWorld, Aug 5, 2024
  3. AroundTheWorld

    AroundTheWorld Member

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    #3 AroundTheWorld, Aug 5, 2024
    CrixusTheUndefeatedGaul and tinman like this.
  4. Sweet Lou 4 2

    Sweet Lou 4 2 Member

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    Market is panicking about a recession when a week ago they were panicking that there would be too much growth that it wouldn't result in interest rate cuts.
     
    #4 Sweet Lou 4 2, Aug 5, 2024
    FranchiseBlade likes this.
  5. Amiga

    Amiga Member

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    Some folks are hoping for one, it seems.

    As is typical, these can be good buying opportunities for long-term investors.
     
    #5 Amiga, Aug 5, 2024
    Ubiquitin likes this.
  6. rocketsjudoka

    rocketsjudoka Member

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    If Jim Cramer says things aren’t going to be bad better grab ya butts. Has that guy ever been right?
     
    #6 rocketsjudoka, Aug 5, 2024
    Corrosion, FranchiseBlade and AroundTheWorld like this.
  7. Space Ghost

    Space Ghost Member

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    About as often as @astros123
     
    #7 Space Ghost, Aug 5, 2024
    Bandwagoner, CrixusTheUndefeatedGaul, ROXRAN and 3 others like this.
  8. FranchiseBlade

    FranchiseBlade Member
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    I look at it long term. Since I still have a while before retirement, lower prices means I can buy more assets. Then when I do retire, I'll have more.
     
    #8 FranchiseBlade, Aug 5, 2024
  9. Space Ghost

    Space Ghost Member

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    Are you buying now?
     
    #9 Space Ghost, Aug 5, 2024
  10. AroundTheWorld

    AroundTheWorld Member

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    You right-wing capitalist :cool:
     
    #10 AroundTheWorld, Aug 5, 2024
    FranchiseBlade and Space Ghost like this.
  11. FranchiseBlade

    FranchiseBlade Member
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    I'm always buying something even if it's just my 403b. When the prices drop, I'll add in some extra $$ to buy more. At some point today, I'll make some additional investments.
     
    #11 FranchiseBlade, Aug 5, 2024
    Corrosion likes this.
  12. AroundTheWorld

    AroundTheWorld Member

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    #12 AroundTheWorld, Aug 5, 2024
  13. Ubiquitin

    Ubiquitin Member
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    He is an omen.

    People have more money; people spend more; prices go up; people have less money; people spend less; prices come back down.

    Recessions are natural but theoretically preventable.
     
    #13 Ubiquitin, Aug 5, 2024
  14. Ubiquitin

    Ubiquitin Member
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    I know a lot of my C suite are for labor costs reasons.
     
    #14 Ubiquitin, Aug 5, 2024
  15. Os Trigonum

    Os Trigonum Okogie Only Fan
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    #15 Os Trigonum, Aug 5, 2024
    Nook likes this.
  16. Invisible Fan

    Invisible Fan Member

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    Better hope Gayed is wrong in scope.

    The next presidency got a **** sandwich ordered for them if they think they can burn a trillion in red every half or third of one year.
     
    #16 Invisible Fan, Aug 5, 2024
    Corrosion, Nook and AroundTheWorld like this.
  17. adoo

    adoo Member

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    the only thing this wife beater knows about the stock market is that he doesn't understand it.


    today, the DOW index decline was as much > 1000 point, a ~~2.8% drop; as a point of reference,
    [​IMG]
    ​
    • 1929 stock market crash
      • the DOW index dropped 13%

    • 1987 Black Monday crash
      • the DOW index dropped 20%
    • 2000 dot-com crash
      • the DOW index dropped 76%
    • 2008 Financial crisis crash
      • the DOW index dropped 20%
    • 2020 worldwide pandemic crash
      • the DOW index dropped 13%
     
    #17 adoo, Aug 5, 2024
    FranchiseBlade likes this.
  18. Os Trigonum

    Os Trigonum Okogie Only Fan
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    wait . . . @Ubiquitin is a wife beater? Where was this previously discussed, I must have missed it
     
    #18 Os Trigonum, Aug 5, 2024
    CrixusTheUndefeatedGaul likes this.
  19. Space Ghost

    Space Ghost Member

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    Powell spitting truth

     
    #19 Space Ghost, Aug 5, 2024
    tinman likes this.
  20. Ubiquitin

    Ubiquitin Member
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    [​IMG]
     
    #20 Ubiquitin, Aug 5, 2024
    Invisible Fan and Os Trigonum like this.
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