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crimycarny

(1,521 posts)

43. Yes--market was way too hot to be sustained

Mon Aug 5, 2024, 02:33 PM

Aug 5

I'm not a stock market guru by any means, but I was getting nervous about the stock market numbers hitting record highs for so many months. It seemed like a bubble was forming. Isn't it better to let a little air out of the bubble than for it to burst?

But, again, the stock market's volatility has always confused me. Drops at the slightest bad news, then bounces back the next day at other more positive news, then a few days later a single company doesn't make their numbers so it drops again.

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Highlight:

Dow futures drop 1000 points, Nasdaq 100 futures lose 5% as global market rout picks up steam: Live updates [View all] James48 Aug 5 OP

Japan stock market dropped 12% overnight James48 Aug 5 #1

Nikkei down 25.5% from July 11 close progree Aug 5 #18

its the rapid unwinding of the carry trade moonshinegnomie Aug 5 #35

Time to buy yet? multigraincracker Aug 5 #2

Don't try to catch a falling knife Xipe Totec Aug 5 #29

Watch how quickly that happens...... n/t Bengus81 Aug 5 #31

A recession by September would be a gift for Trump. Deliberate? Lonestarblue Aug 5 #3

Don-the-Con has been bragging that... Wuddles440 Aug 5 #6

Yep. Scrivener7 Aug 5 #10

It takes two consecutive quarters of negative GDP to meet criteria for a recession Fiendish Thingy Aug 5 #13

Hardly. Especially since it seems to be worldwide. jimfields33 Aug 5 #20

LOL VBNMW Aug 5 #41

Is Trump going to take credit for this too? IronLionZion Aug 5 #4

Rethug hedge funds Beachnutt Aug 5 #5

Stock market, stock market CountAllVotes Aug 5 #7

Yeah. When retirement is involved. jimfields33 Aug 5 #21

This is not good for us kansasobama Aug 5 #8

This is reaction to interest rates and unemployment bucolic_frolic Aug 5 #9

Iran might also contribute. Though war is generally great for the economy. Unfortunately. Scrivener7 Aug 5 #11

F****** Ultra Rich Gaming the market trying to cash in on false predictions. Ford_Prefect Aug 5 #12

Agreed penbo Aug 5 #34

People have short memories- market took a bigger dump in the spring and recovered to record highs. Nt Fiendish Thingy Aug 5 #14

Japan's surprise rate hike started to snowball late last week mathematic Aug 5 #15

It has been a recession is coming ever since doc03 Aug 5 #16

ita c aouple of things moonshinegnomie Aug 5 #17

Buffet's Apple stock had quadrupled in value unc70 Aug 5 #28

i bought some today moonshinegnomie Aug 5 #32

My understanding is the market has been due for a "correction" for some time now.... SKKY Aug 5 #19

it has been moonshinegnomie Aug 5 #33

Yes--market was way too hot to be sustained crimycarny Aug 5 #43

S&P 500 5168, down 8.8% from 7/11/24 all-time high of 5667 progree Aug 5 #22

Big money cashing in. Everyone else gets hind tit or none at all. twodogsbarking Aug 5 #23

There's no future to trade Ponietz Aug 5 #24

The stock market has almost no bearing on working people. Other than corporations always raising prices after they onecaliberal Aug 5 #25

Guess how union pension funds are invested. mahatmakanejeeves Aug 5 #26

401k, IRA, Roth, Pension. Most working people have at least one. twodogsbarking Aug 5 #30

lol, no they don't. Most people don't have 400.00 for an emergency. onecaliberal Aug 5 #36

Seventy million people have them. Laugh on. twodogsbarking Aug 5 #37

170 million don't n/t Cheezoholic Aug 5 #45

I wasn't entering a contest for the most. twodogsbarking Aug 5 #46

Most people don't for sure. onecaliberal Aug 5 #48

Even people who do not directly have money in stocks are the beneficiaries of people who do. mahatmakanejeeves Aug 6 #50

You know that simply is not true right? Jk23 Aug 5 #47

It does for people nearing or in retirement. At least it does for my parents XorXor Aug 6 #49

I am also spooked but here is some good kansasobama Aug 5 #27

Shares in New York and London tumble on fears of US recession SupportSanity Aug 5 #38

Global selloff: Wall Street plunges, as FTSE 100 posts biggest fall since January - business live SupportSanity Aug 5 #39

Largest daily point drops in DOW history: LetMyPeopleVote Aug 5 #40

I kinda excuse the 2020 ones though Polybius Aug 5 #44

Not What Is Happening DallasNE Aug 5 #42

The market is up today iemanja Aug 6 #51