FTSE plunges as recession fears trigger global sell-off - latest updates
The FTSE 100 suffered its worst drop in more than a year as a global rout in stock markets deepened amid fears of a US recession.
www.telegraph.co.uk
The Kamala Crash imminent as recession looms.
- Thread starter Archetype XLIV
- Start date
www.telegraph.co.uk
The Wall Street "fear index" has surged to its highest level in four years, following the release of weaker-than-expected jobs and manufacturing figures in the United States due to Joe Biden's poor performing economy.
Not sure I’d pin this on Harris/biden , But the memes are great
Straight facts, homie. Down 1,130 as of this message.
Sucks to suck. Kamala would know.
#KamalaCrash
#BidenBottomOut
The last economic data seems to indicate that we are headed to a recession. Buffet reducing his stake in Apple is scaring a lot of inexperienced investors. We are looking at a war in the Middle East and the conditions are favorable for a major stock market correction. It has been over 15 years since we have experienced a recession. I agree you can't pin this on Biden/Harris, but if it happens on their watch, it will be identified as the Biden/Harris stock market sell off/correction/recession. The President in charge when a economic collapse happens, usually gets the blame.
I am very concerned by the US debt, that is a bigger problem facing the US.
But Trump had an 18 month flat spot (you know, almost half of his 48 month presidency). One more day like this and that 20% number will be dead accurate.
Of course this is less fun since I’ve dropped $85k in the last two trading days, but if Kamala wins it wont matter anyway, we’re all f’ed and if Trump wins I’ll make it all back plus some.
Of course this is less fun since I’ve dropped $85k in the last two trading days, but if Kamala wins it wont matter anyway, we’re all f’ed and if Trump wins I’ll make it all back plus some.
Not sure? Any honest person would agree that if a recession is looming, it's because the Fed kept interest rates too high or for too long.
Mag 7 down over a trillion:
NVDA down $325 billion
AAPL down $300 billion
GOOGL down $200 billion
AMZN down $135 billion
MSFT down $125 billion
META down $80 billion
TSLA down $60 billion
To put it in perspective. The DJIA was at 41,176.45 at 3:00pm on Thursday. I would expect it to gain some of the loses back tomorrow if history repeats itself; Wednesday might be the test day for a full correction. The question is, where is the bottom.
That was caused by shutting down the economy and most knew the economy would bounce back as soon as the restrictions were removed no matter who was President. The current situation is much more serious. Government debt and a possible war are more dangerous to the economy.
The answer is more student loan forgiveness and adding illegal foreign nationals to medicare.
Again: liberals are just not serious people.
And if there's a recession now it will be because the Fed has kept interest rates high too long. Nothing to do with the present administration.
I made 30K Friday on UVXY.. you guys know the stock market does not go straight up . I sold all my stocks Friday except a couple of options in SRPT. The reason the stock market took a hit was the jobs report of Friday and the real threat of of Iran attacking Israel. In the end this will only create great buying opportunities just like in 1987 and all the other hard corrections. Dont blame Biden or Harris put the blame of Jerome Powell the Federal Reserve Chief appointed by your idol Trump for not cutting interest rates earlier. Now the Fed will cut the interest rates agressively and stock market will climb again later when this all settles down and you losers will get your money back. An added advice when the market settles buy AMD or AMDY for some good gains then.
Sorry OldieTurd - the current administration will ultimately get blamed for this, regardless of who's truly at fault.
Just sayin you guys need to learn more about investing instead of crying everytime the market corrects and it will always have big corrections.
The govt put too much money in circulation. Time to pay the piper. Throw in an unstable world because of poor leadership in the White House, we could be at the beginning of a bad stretch.
