Market is tanking

[angrychair]

Dow is down 700 pts and the VIX is over 30.
I would not be surprised if the Al bubble pops after hours because that's when that stuff happens.
WTI is back at $100 and Brent is near its high, currently sitting at $105.
To be clear Al companies represent roughly 40% of the Dow's valuation.

That orange moron are truly fucked us all.

[SonOfNebanaube]

1. hold. n/t

[bucolic_frolic]

2. Yes it's not looking well today

One of my fav forecasters assured everyone into mid-February that new highs were ahead. This is not a rosy-scenario guy, this is a market technician focusing on charts ... see what that gets you. Now a real technician is saying bounce imminent. I don't think they have any methodology to factor in the impact of the war. So far, fertilizer and lithium are in short, short supply. These will result in meager harvests and escalating price wars for scarce materials. Imaging shopping a year from now ... how are we going to stock shelves with shipping, pricing of raw materials, harvests, output all in uncertainty? I'm sorry, I'm thinking more 1943 than 2009 or 2020 ... prepare for high prices and lean pickings.

[ck4829]

19. Nope, not well at all. It's going to get worse.

[kbowman]

44. a LOT worse...

He and his administration are just not capable. Wait till someone leaks the rest of the epstein files, or maybe he bombs Cuba, or he actually sends troops INTO Iran and body counts climb, or when he starts to manipulate the FED later this year, or any of the hundred other things.... Trump is an idiot. He's been propped up by rich repubs but sooner or later they are going to see the crazy and pull back to protect they money. That's when trump will stand alone and when the real damage starts. Look at the other article today someone posted about maga at cpac cheering for trump's impeachment.

[LuckyCharms]

3. I predicted earlier that it would happen this past Monday or Tuesday.

He's probably going to pull some shit tonight or tomorrow that will fuck everything up further.

[durablend]

16. Tomorrow, most likely

Needs to keep the protests off the news and get things back to him ("ME ME ME" )

[BattleRow]

32. Epstein is a mere wisp of a memory...

[NCDem47]

37. He'll want to upstage No Kings protests

Look for a major newsmaking offensive push

[Johnny2X2X]

4. +10.4% is average for the last 30 years

+10.4% a year. As we sit right now, in the last 14 months under Trump we're at +5%. Pathetic returns.

Trump has destroyed the economy. The jobs numbers spell doom for working people and it's only going to get worse.

[ck4829]

20. "but Republicans are better for the economy", and there are people who still believe this slop

[Blues Heron]

5. what Friday news dump awaits, surely one that makes insiders beaucoup bucks

[Dr. T]

38. My money is on an American ground invasion of Iran.

I really do hope I'm wrong.

[Lovie777]

6. Besides the war, GQP house just rejected funding for DHS.....................

because it omits funding for ICE, which is very selfish.

Now to my understanding ICE has sucked up monies from FEMA and other federal departments.

[MustLoveBeagles]

18. I thought the House would be in recess

And they were going to let it sit 2 weeks?

[ck4829]

21. Yep, just a big ol' drain.

[Cheezoholic]

39. How? I thought the BBSB gave them like 150 billion last summer? There is one group that will survive any crash

And they are in DC stuffing their pockets faster than the Fed can print it.

[Fiendish Thingy]

7. 700 points in nothing to panic about

Yes, Trump is sowing chaos and destruction, and the market is reacting to that.

But I won’t start to worry unless a sell off gets large enough to trigger the automatic trading shutdown software, as happened in 2008 (and my portfolio survived that crash and recovered lost ground quicker than the Dow did). I don’t believe a trading shutdown has happened since then.

[ck4829]

22. It's OK to panic though. Republicans have the trifecta, they always screw up the economy.

[Fiendish Thingy]

28. Not sure how panicking helps. Nt.

[Johnny2X2X]

26. Down 10% from highs

This is a correction already. Bear market next stop.

[Fiendish Thingy]

27. My understanding is correction is -15%

Bear market is -20%

A correction has been expected since Biden was in office.

Spring 2025 drop was between 15-20%, IIRC, and recovered by the end of the year.

[Ilikepurple]

31. I think 10-20% is a correction as we just entered one.

I agree that corrections aren’t generally things to fret about, but each one should be taken as its own thing while being mindful of historical trends. Like the pandemic era crash, there are historically unique factors at play here for the US. 2025 is not 2026, although the market appeared resilient in the face of oppressive and somewhat arbitrary tariffs. It’s okay to hear different takes on this because undue market enthusiasm is one reason why markets get overpriced in the first place. The NYSE has had a great run, but as they say past performance is not a guarantee of future returns. At some point the optimists will be wrong, but I hope that’s still down the road a bit.

[Johnny2X2X]

34. The jobs market is the concern.

And ultimately that’s what will drive a Bear market.

[RockRaven]

8. The big tech companies have seen setting enormous piles of cash (like 10s of billions of dollars)

on fire year after year lately because of FOMO -- others are working it and they musn't be left behind, they'd never catch up!

Fear, of course, is not wise. The results have been spectacularly mismatched to the price paid.

Well, at some point they need to get over the FOMO and find a scapegoat for their misguided profligacy. The Dotard and his fuel/fertilizer/security/etc crisis is as distracting of a scapegoat as they will ever find. The iron is hot.

I am hesitant to expect them to take this offramp. But it is right there in front of them.

[SamuelTheThird]

9. This is nothing

Just wait till the AI bubble goes kaboom when the gulf states stop throwing money into it.

[ck4829]

23. Indeed

[lame54]

10. It's called The Pam Bondi correction

[C_U_L8R]

11. If Republicans don't get rid of Trump pretty soon

They’ll go broke along with the rest of us

[ck4829]

24. If voters really trusted Mr. Multiple Bankruptcies and Had to Dissolve His Own Charity...

Republican lawmakers and voters can go down with that.

[OC375]

12. Easy Come, Easy Go

[GoodRaisin]

13. It's holding up remarkably well considering out of control Krasnov.

[angrychair]

14. Yea, I've been surprised

But I think with troops on their way and Kegseth ordering up 10,000 more troops and consumer confidence is tanking and inflation is rising.
Plus with OpenAl closing its video creation business Sora and it was announced this morning that SoftBank gave a $30 billion dollar short term, unsecured loan for OpenAI that will come due next year.
Nothing about that is good.

[GoodRaisin]

15. Also,

Krasnov tried to manipulate the market last night, and it didn’t work today; instead, down a little under 2% today.

[ck4829]

25. All very true

[nitpicked]

29. SoftBank to Borrow $40 Billion to Fund OpenAI Investment

https://www.morningstar.com/news/dow-jones/202603276731/softbank-to-borrow-40-billion-to-fund-openai-investment

SoftBank Group will borrow $40 billion through a bridge facility agreement to fund its $30 billion investment in OpenAI, increasing the Tokyo-based company's debt load as it doubles down on its OpenAI partnership.

SoftBank said it will repay the one-year, non-collateralized loan partly through the sale of existing assets. The agreement lists JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking and MUFG Bank as lenders.

SoftBank's borrowings under the facility will help fund its $30 billion follow-on investment in the artificial-intelligence company, which was announced in February as part of a $110 billion funding round.

The company, led by Japanese billionaire Masayoshi Son, has previously relied on borrowing to finance its investments in OpenAI, which totaled $34.6 billion before the most recent funding round. SoftBank took on $27 billion in debt in the last three months of 2025 in part to pay for a $22.5 billion December investment in OpenAI.
(snip)

[ck4829]

17. Welcome to correction territory.

[Strelnikov_]

30. A soundtrack

[Prairie_Seagull]

45. "Once I built a tower,

brother can you spare a dime"

[twodogsbarking]

33. What a surprise.

[Johonny]

35. It has further to drop. Trump has no plans

To open the strait. Every day it's closed is like a week behind in oil shipments the world gets. That reality is going to hit hard.

[ToxMarz]

36. AI is a great new techonogly with a lot of promise, but it is NO WHERE near what they are hyping it as

and if it will ever reach the level of the hype remains to be seen (the cost/benefit may never be there, massivly $$$$ and resource hungry). Right now it is solely a giant FOMO cash grab. It will continue like this as long as there is still cash to grab, then KA-BOOM!

[multigraincracker]

40. My timing wasn't perfect. I got out 6 months

ago. Worried about taxes on the capitol gains, but it didn’t hurt like I thought it would.
Now I’m betting on inflation. Got a money market tied to inflation.
Now we are planning on yearly vacations to great places.

[Warpy]

41. This isn't about the AI bibble popping, not yet

nad probably not while there are still billions from taxpayers to be sopped up by data centers that will never be fully functional due to power constraints and built in obsolescence.

This is about some investors who have noticed that Fatso and his gang usually do their stupidest things--blanket tariffs, bombing Iran--on Friday night to avoid a panic in the stock market the next day. On the table: an incredibly ill considered and undoubtedly poorly planned invasion of coastal Iran by amphibious forces. That could happen tonight or they could wait until all forces are in the area, another week or two. The stock market Chicken Littles are correct, though, it will probably happen on a Friday.

[Dr. T]

42. I assumed the economy would tank when the Orange Plague

took office. I planned accordingly. I'm surprised we've made it this far.

[D_Master81]

43. "The Bondi Top"

The fact that the AG sat in a testimony on Epstein and was bragging about the Dow and that was essentially the top of the market is so fitting and hilarious.