so... while the trading web sites were down yesterday, did the insiders buy up a bunch of undervalued stonks?
i didn't touch anything. corrections happen
i didn't touch anything. corrections happen
didn't even try to log in to fidelity or cref cause i prefer to keep my blood pressure low
i figure about 10% of my retirement got wiped out in 2 days but if you don't look, it's not real
actually last time stonks were tanking, i put about half of it in some inflation-linked bond fund which is a basically a low yield low risk savings account
i had to call up and talk to an account manager to do that- they tried to discourage me from doing that. noo meowski you want your money in big money making high risk stonks not some dumb savings account we can't play around with
what good are all your gains if every few years the government tries to start ww3 and dumps loads of crypto, or what have you, and your gains get wiped out?
or warren buffet can liquidate a trillion dollars of assets and the entire market loses its shit?
overturning the glass steagall act and setting fed fractional reserve requirement to zero were huge mistakes. allowing bankers to gamble with your retirement and savings. what could possibly go wrong?
obviously the "fix" is to completely dump our financial system entirely in the trash and put usury bankers in prison. but in lieu of that we need regulation
overturning the glass steagall act and setting fed fractional reserve requirement to zero were huge mistakes. allowing bankers to gamble with your retirement and savings. what could possibly go wrong?
obviously the "fix" is to completely dump our financial system entirely in the trash and put usury bankers in prison. but in lieu of that we need regulation
@npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89 Yeah we were never gonna see a massive crash without rate cuts or #Trump losing.
I’ll tune back into the noise in September.
@realcaseyrollins a few gazillionaires like warren buffet and the US and german governemnts moving large amounts of money around may have had something to do with it
@npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89
Oh...nah, it was a mixture of a bad jobs report, news that the #FederalReserve would not do a rate cut (which many experts have been saying is long overdue), #NVIDIA having supply chain issues, and #Trump falling in the polls, all happening around the same time.
It takes a lot more than selling #Apple stock to crash the economy.
Oh...nah, it was a mixture of a bad jobs report, news that the #FederalReserve would not do a rate cut (which many experts have been saying is long overdue), #NVIDIA having supply chain issues, and #Trump falling in the polls, all happening around the same time.
It takes a lot more than selling #Apple stock to crash the economy.
@realcaseyrollins it wasn't just apple he was selling. one of the richest most respected investors starts dumping 100s of billions of tech and bank stocks people take notice
the US government is the single largest owner of bitcoin and they just moved it prior to the crash
not saying that directly triggered it but those are possible contributors
the US government is the single largest owner of bitcoin and they just moved it prior to the crash
not saying that directly triggered it but those are possible contributors
I think the trigger of monday's market crash was the Bank of Japan raising rates by a miniscule 15 basis points, which took all kinds of wind out of trades that were relying on the fact japan is the only economy left with near 0 interest rates. There was an unimaginable amount of money sitting there. Everything else helped too of course.
Also a lot of big names went out to say that the AI trade isn't actually making any money.
There's still way too much money in the system as you can see by Nvidia being a bloody graphics chip manufacturer and being the largest company on earth for a bit there.
There's a lot going on, though. Everyone who is willing to call an economy bad is ringing alarm bells right now because every indicator that isn't directly under state control looks bad.
Also a lot of big names went out to say that the AI trade isn't actually making any money.
There's still way too much money in the system as you can see by Nvidia being a bloody graphics chip manufacturer and being the largest company on earth for a bit there.
There's a lot going on, though. Everyone who is willing to call an economy bad is ringing alarm bells right now because every indicator that isn't directly under state control looks bad.
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