Black Monday is trending on X
Going to be a bumpy ride tomorrow.
The Biden-Harris Depression is churning....
The democrat economy is so bad that it couldn’t even be held up artificially anymore….major correction. All brought on by democrat out of control spending and stealing from the taxpayers to subsidize 30million illegal aliens who don’t even have jobs.
NAS100 - the tech stocks index- is down 450 points in overnight trading. NAS100 has lost 10% plus in the past three weeks.
NIVIDA is down another 6% at the moment. Apple is down 5.8%.
The Magnificent 7 are all down somewhere between 2 and 8% on top of the losses of last week. That’s Apple: (AAPL) Alphabet: (GOOGL)Amazon: (AMZN) Meta Platforms: (META) Microsoft: (MSFT)Nvidia: (NVDA) and Tesla (TLSA)
The dollar is down to 103.05.
Yeah, tomorrow is going to be a wicked ride.
Bitcoin crashing as well
Dow, S&P and NASDAQ futures getting hammered now.
And the yield on the 10yr bond is down to 3.79%.
Not looking good.
Interesting that Buffet sold a bunch of Apple stock.
The market is pricing in the possibility of Harris’ election victory in November. Up until now, it was bullish on Trump returning to the White House.
Up 16% this - but out tmrw
Have been writing economic posts about this since last year.
China has fallen.
Western Europe has fallen.
Guess what's next...
This is why my investments are in 4-wk US Treasuries in a laddered approach.
25% of my holdings matures every week. Right now I just reinvest back into Treasuries, and use the accrued interest to buy more treasuries.
Nasquack gonna be down over 500 tomorrow, Dow 1000+ down. Crypto is finished. WWIII more likely than any time since 1989. Strap in, folks!
Many, if not most, of the corporate stocks are trading with a PE in the 60s. That can’t be maintained, I see a correction into the teens where it should be. At least that is where I positioned myself. We’ll see.
that a commie like Kamala could even maybe become president should scare every capitalist in the world
I see the spooz - 0.8% right now. That’s not a big deal.
Market is spooked and signaling Kamala Harris win in November.
We can only live on failed Harris Biden policies for long.