Everything down like 8-15% across all asset classes.
VIX up to 40+.
Silver and gold up slightly.
Perhaps the people that know, know something about how big of an attack Iran might do this.
Anyway, I’m like 30% or more in cash at 4.5%.
The stock market went too high based on dreams, hopes, prayers and an unrealistic view on how fast AI could bring cash to companies, so a correction is only healthy. The job report was just the last thing that happened before the correction happened
People like Warren Buffett sold massive amount of shares in June (Apple, BoA…), now sits on piles of cash…
I knew you would said this. But no I have not been crying for most of the last decades. Stock market is not the only way you can make a profit from, and if I had one billion dollars, 50% of it is more than what you can earn from your stocks for a multiple of your lifetime. So, you can rush to your conclusion all you want…
This is going on…the Intel single day 29% drop recently was also a bit of a warning of shaky hands
The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest drop in history. The index closed more than 12% down, taking its losses since early July to 25% and entering bear market territory.
“That was a crash. It smelled like 1987,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. He was referring to “Black Monday” in October 1987, when global markets plunged and the Nikkei lost 3,836 points.