Futures in free fall

[Willie99]

One thing I've learned over the years is that the stock market is not a reflection of economic growth. The financials increased 600% during the 30's, and era they still call the great depression. During the Obama years, the financials soared and the economy sucked.

Stock prices reflect profits and projected profits, not necessarily economic growth.

Economic growth can be measured by GDP, but I think the best indication is real wages and disposable income. The stuff that matters most to the average person (whether they know it or not, and most can't put it into words)

 

[Willie99]

PS: I'm afraid to log into my accounts

 

[REDEYE]

PS: I'm afraid to log into my accounts

View attachment 95929

I can tell you, it's brutal

 

[itchyback]

I thought this was about chargers lol

 

[5o'clockcharlie]

Over the last 5 years this one day drop ranks 11th on the list of worse days in the market. We survived the other 10 , so I think we will survive this one too.

 

[Willie99]

We'll survive

But it's not a one day dive

 

[Michelangelo]

We'll survive

But it's not a one day dive

Completely agree.

 

[5o'clockcharlie]

In 2020, we had 8 single day drops over 1,000 points and 3 of them over 2,000 points within a week of each other. We will survive.

 

[Willie99]

There was a worldwide pandemic

Not run away inflation, Soaring crime, an open border, high energy costs and an onslaught of business bankruptcies and closings

Can't hide forever

 

[Willie99]

I'm not worried about me or my kids. I live vicariously through scores of businesses and hundreds of families and I want everyone to be happy

 

[5o'clockcharlie]

There was a worldwide pandemic

Not run away inflation, Soaring crime, an open border, high energy costs and an onslaught of business bankruptcies and closings

Can't hide forever

So what if there was a pandemic. The market dropped drastically and it recovered. That’s the only point being made. It will recover this time too.

 

[rolltide]

Dank Brandon addresses America about the stock market

x.com

x.com

 

[StevieRay]

Dank Brandon addresses America about the stock market

x.com

x.com

 

[StevieRay]

 

[Bozzie]

implied open +217
Nikkei opened up 10%.

 

[brendanjack]

The last 3 years & 7 months were great. We'll be just fine. I didn't hear a word from Trumpers at all about the markets since Trump was running vs Biden in 2020 until just now. Nothing is perfect and today could be bad but nothing is as bad as Trump running the country again.

I will take anyone over Kamala . careful what you wish for.At least with trump you know what your getting and in 4 years it all changes .

 

[Willie99]

So what if there was a pandemic. The market dropped drastically and it recovered. That’s the only point being made. It will recover this time too.

5 years out, the market has always been up. Even after the biggest drops in US history

It's not the financial markets I worry about. I've been selling them and talking people off cliffs for decades

Soaring crime, lawless society, open borders, the world on fire, energy driven inflation..... these are things that are far more concerning to me

Of course, others worry about really important stuff, like mean tweets

 

[StevieRay]

while that's all nice it's also, really for the first time ever, almost entirely funded by credit cards. the swing in balances between CC's and savings has been insane for the past 2 years and they just announced more americans hold a credit card balance today than at any time since March 2020 with >50% of people rolling it over month by month. That $2000 cruise will be $5000 by the time they pay it off

and restaurants are closing by the hour

Many filing bankruptcy

 

[Bozzie]

implied open +217
Nikkei opened up 10%.

Look east young men...
The Nikkei posted its best day since October 2008, soaring 10.2%. That surge comes a day after the benchmark suffered its worst day since 1987, losing 12.4%.

 

[nysports]

Bozzie, or is it MOB? A little birdie told me that you are MOB.....
You are the biggest tool on the RX. Nothing but a race baiter and a trouble maker. By your recent post, you know nothing about the stock market either. I'm a republican, but how can you honestly say that the US is better off with Democratic policies in place and going forward. I guess I'm not into radical anything because it doesn't work.....