Posted on 08/05/2024 6:53:48 AM PDT by DCBryan1
U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.
The Dow Jones Industrial Average dropped 1,068 points, or 2.7%. The Nasdaq Composite lost 6%, and the S&P 500 slid 4.2%.
Fears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report. Investors are also concerned that the Federal Reserve is behind in cutting interest rates to bolster an economic slowdown, with the central bank choosing instead to keep rates at the highest in two decades last week.
(Excerpt) Read more at cnbc.com ...
The Hedge Funds have already hedged out. This is the Junta removing our savings as I said they would.
Trust me, he's got a list he'll be buying. Watch for big blocks around 11 AM CST.
In 2008 the Dow had about a 50% pullback.
All of the market gains under Kamala are about to be wiped out. So with her inflation, we lost BIG.
I have to wait to see what Business Insider says before I make any decisions /S
IMO businesses started during the Great Depression are reliable stalwarts. Unless they went Woke. This is the time for them to fail.
IMO the Olympics heralded-in this crash. Peak Perversion usually heralds a correction
Right. I think once it gets to a certain point they can stop trading.
When it drops 25%, I’m in.
Schwab is not letting customers sign into their brokerage accounts right now.
It’s been trending as Kamala’s Krash
Very well put! LOL
“..Schwab is not letting customers sign into their brokerage accounts right now....”
^THAT^ might be the final “nail in the coffin” for Schwab for a lot of folks. Once they can get back in there, they’ll likely roll out to a different brokerage house.
Looks like Fidelity is still up and running just fine.
The BEARS are back..!
Wells Fargo doesn’t list mycurrent financial account. Blank with some information is not available.
BTTT
It seems to me that when the government wants to print money, wealth has to be destroyed somewhere to cover it.
All of this administration’s policies appear to be bearing fruit.
“Schwab is not letting customers sign into their brokerage accounts right now.”
Yeah, went in this morning to just to check my portfolio status, tried multiple times to get it. Technical problem, like every one trying to sell... PANIC is not an investment plan.
This isn’t over by any means. We’re going to war with Iran. Is this the August surprise? Biden sending boats and planes to Israel. This is just getting started.
No problem - Demoncrats solution, as usual, is another war. Buckle up!
NVDA may be trading in the 80$ range
Pelosi did this a few days ago.
Well that’s nice. I can’t even log into bill pay. All my accounts are under one username.
They just happened to have technical issues right now. How convenient. Probably trying to help stop the sell off.
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