They're freaking out on Twitter saying it could be a Black Monday on par with oct '87. Will be interesting to see what the futures look like sunday night.
Social media wasn't around back in 87 so now with news moving so quickly and seeing this every where will only instill panic which will probably cause the collapse on Monday.. If anything the circuit breakers will kick in... Looking at certain stocks and to think how much more selling there could be is kind of mind boggling especially after a historic 2 day loss of trillions and trillions of dollars
After this collapse most people will be done with investing... 1 guy i know lost money during the dot com bubble, went back in right around the financial crisis and lost again. Waited it out and got some losses back but vowed never to ever invest in the market again and has never gone back in ever since.... This will be the end for a significant amount of traders who started around 2020. None of them have experienced such a drop....this is going to psychology change their idea of ever getting back into the market...
warrior trading NEVER loses... only makes $20k/day instead of $50k/day during bear markets though..lol
Fair enough, but your assumption that this thing is just gonna plunge straight to financial hell is, well, a little childish. Take 2008 GFC for example. Now that might have actually turned into a full-blown cardiac arrest had the PPT not stepped in. With the global credit system frozen solid, banks wouldn’t even lend to each other, let alone anyone else. That was real, systemic, scary-as-fuck moment. This? This feels like a backyard scuffle by comparison. No systemic plumbing issues, no credit freeze, no Lehman moment. Frankly, the only “fix” this market seems to need right now is for Trump to take his foot off the pedal. But hey, maybe that’s asking too much. After all, chaos is kind of his preferred market stimulus package. Oh, let’s also not forget the idea that the PPT was some magic safety net for mom & pop retirement accounts is a friggin' fairy tale. The "Plunge Protection Team" wasn’t set up to save your neighbor’s 401k from a bad 2-day stretch. It was there to keep the SYSTEM from outright seizing up. Big difference. And if Musk’s DOGE department really has its way by gutting agencies, slashing spending, and "letting markets be markets" (which I assume is your favorite) then yeah, maybe the old PPT got quietly unplugged but... people pulling retirement contributions after a 2-day shock like this? That's the classic retail script: puke at the lows, FOMO back in at the highs. Wash, rinse, repeat. Hell, maybe DOGE will even issue a commemorative coin for it: "Panic Like It's 1929!!" The real game hasn’t changed. Just the headlines have gotten weirder.
Hello tomkat22, I still trade of course and I DCA indexes. DCA indexes is VERY easy money. Wish I had started out of high school, but I did not learn investing until after college