It's been a brutal week and month for tech. Bad for stock markets in general. Plenty of reasons that could be happening. Could be because inflation is rising while debt defaults are simultaneously rising. Could be because investors read more than low info, smoke and mirrors reports about employment. Less people are working full-time than 6 months ago, while 1 in 4 jobs added are government jobs. All job growth for awhile has been part-time jobs, with much of it snatched up by illegals.
I suspect more investors will rush to dividend paying stocks, so the Dow and S&P may do okay as the more speculative Nasdaq stocks get pillaged.
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Thread: Stock Market about to crash
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04-19-2024, 12:47 PM #61Light weight! Light weight baby!!!!
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04-19-2024, 01:09 PM #62
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04-19-2024, 01:14 PM #63
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04-19-2024, 01:17 PM #64
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04-19-2024, 01:24 PM #65
Those predictions were always goofy AF and obviously weren't going to happen. And financial firms predicting them were likely just frauding, looking for short term gains to sell off. Some of us said months ago no cuts would happen until the later part of this year or next year.
Commercial real estate is a slow motion train wreck, so the effects are accumulating. Bank failures are not over with, more incoming.Light weight! Light weight baby!!!!
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04-19-2024, 01:52 PM #66
Yeah, CRE is about to get bad. I have a deal under contract for an apartment building right now that looks like it might fall apart because the bank will only lend about 50% of the Sale Price, so my client needs to come up with about $3M cash to make the purchase happen. This is in probably the strongest CRE property type in the US. I can't imagine what things are like in office or retail or other areas.
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04-19-2024, 01:59 PM #67
Interdasting. I know that locally, after years and years of expansion no new office developments are getting built. Excluding a random medical office here or there, or state govt (I'm in the state capital) projects that were approved a very long time ago. Other than govt buildings it's all residential - tons of apartment buildings, lots of townhomes, and of course the $1.5M+ homes.Light weight! Light weight baby!!!!
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04-19-2024, 02:01 PM #68
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04-20-2024, 08:15 AM #69
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04-20-2024, 08:43 AM #70
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I'm sayin, 10% drop intra-day is rare, worst down day for NVDA since March 2020, which was pandemic related. I'd expect to see a gap like that on earnings, or major news. I'd expect penny stocks to move like that. But a magnificent 7 stock? Maybe 10% spread over a couple days, but in a single day, on no specific news, it's definitely note-worthy.
Second worse daily loss of market cap for us company at 212 billion
https://www.marketwatch.com/livecove...xmIWlP52SdxUWxLast edited by ThePump0561; 04-20-2024 at 09:00 AM.
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04-20-2024, 08:48 AM #71
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04-21-2024, 06:57 AM #72
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04-21-2024, 07:09 AM #73
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04-21-2024, 07:21 AM #74
People who believe in crashes, end of civilization, scenario where you will have to trade your silver and gold eagles for gallons of gas, those people are going through a phase, no different than when small children invent their own language, or when they’re around eight or nine years old they attempt to create the perpetual motion machine, I went through that phase also in 2012 listening to Ron Paul, buying gold and silver, the only question is did you grow out of that phase of being a moron? And apparently some people have not. Apparently bear porn is addictive.
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04-21-2024, 08:14 AM #75
Ron Paul advocates for protecting your wealth long term. I agree with you about trading gold for gas, brass and lead is a bit far fetched.
It doesnt hurt to have a strategy that protects you in all cases, I like Marc fabers 1/4 gold stocks real estate and cash positions.
Bear behaviour has its place, but to bet against human productivity long term is probably not a good idea. Some bullish moves are simply not sustainable - like bitcoin nvidia imo.
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04-21-2024, 09:55 AM #76
Gold is a terrible hedge, it’s a decent idea to keep few coins for that one percent possibility of apocalypse, but if instead of listening to Ron Paul, I bought bitcoin or any of the tech stocks or even S&P 500 I would obliterate the returns of gold and silver.
Bitcoin is a very good buy this time and this price, we know this because we have historical precedent, and we also can see who is buying, and how much onchain, when you see very rich people and entire countries buying, and a few retail scared retards selling, that’s a very good sign,
Nvidia, given their growth, is not a terrible buy at this price, but there are faster horses, especially Tesla, historic swing low, it’s going to swing back up to 300+ long term an easy 5-10x
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04-23-2024, 11:36 PM #77
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04-24-2024, 06:23 AM #78
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04-24-2024, 07:09 AM #79
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04-24-2024, 07:11 AM #80
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04-24-2024, 07:21 AM #81
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04-24-2024, 07:30 AM #82
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04-24-2024, 08:41 AM #83
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04-24-2024, 12:29 PM #84
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04-24-2024, 12:33 PM #85
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04-24-2024, 02:08 PM #86
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04-24-2024, 02:29 PM #87
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04-24-2024, 02:37 PM #88
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04-24-2024, 03:04 PM #89
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04-24-2024, 03:05 PM #90
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