2008 Is Starting Again - Stock Market Crash Incoming

[Mr I]

Well people simply aren’t borrowed anywhere near as uch as they were back then, at least in the UK. So I don’t see the same situation

[Bouncer]

Dow falls 600 points and wipes out 2018 gains

Stocks ended sharply lower Wednesday, as losses accelerated into the close and put both the Dow and the S&P 500 into the red for the year, and the Nasdaq into correction territory.

Upbeat results from Boeing Co. were credited with briefly pushing the Dow higher in early morning trading, before investors took an increasingly defensive stance, fleeing for the relative safety of utilities and consumer nondurable shares.

https://www.marketwatch.com/story/do...out-2018-10-24

[Bouncer]

If you weren’t yet worried about the stock market, you should be now

Most FAANG stocks are in a bear market and economically sensitive sectors have sold off dramatically

https://www.marketwatch.com/story/if...now-2018-10-30

[mugzy]

The next pullback will not be anywhere near as devastating as the 2008 market crash. We could see a 20% pullback in 2019 and a possible bear market for a year or two but nothing like 2008.

[Bouncer]

The next pullback will not be anywhere near as devastating as the 2008 market crash. We could see a 20% pullback in 2019 and a possible bear market for a year or two but nothing like 2008.

2008 wasn't even that bad next to what's coming. Sub prime mortgages are no longer a problem but debt is increasing and home sales are declining. The middle class is dieing and new car sales are down substantially. World banks are buying gold in record numbers. The world markets are in decline and the only thing holding our markets up are the FAANG stocks which are now showing strong weakness. All the signs are there for a recession after a 10 year bull run.

We can't just keep printing money backed by nothing and kicking the can further and further down the road.

Apple will no longer report iPhone numbers

Apple announced Thursday night that it would no longer be reporting iPhone sales numbers— or sales numbers for any of its products — on future earnings calls. Investors hated it: AAPL stock tanked 7% on the news in after-hours trading and was still down 5% in premarket trading before the New York exchanges opened Friday.

https://www.businessinsider.com/appl...umbers-2018-11

[Mr I]

We’re doing great I the UK, government have just stopped their spending cuts

[Bouncer]

We’re doing great I the UK, government have just stopped their spending cuts

Haha no your not. Housing bubble in London is starting to hurt bad.

And in case you don't understand how the world works.... The us market runs the show. If we take a tumble you tumble harder. What do you think made Hitler so popular? The great recession in America hit Germany twice as hard. People got desperate and a crazy fella named Adolf Rose to power.



Sent from my Moto G6 using Tapatalk

[Mr I]

We’re going it alone, even out of Europe

[Bouncer]

We’re going it alone, even out of Europe

You don't have the resources or economy to do that. You need a major trade partner. If it's not the EU it has to be big brother USA.

Sent from my Moto G6 using Tapatalk

[Bouncer]

A Fifth of China’s Homes Are Empty. That’s 50 Million Apartments

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.

The nightmare scenario for policy makers is that owners of unoccupied dwellings rush to sell if cracks start appearing in the property market, causing prices to spiral. The latest data, from a survey in 2017, also suggests Beijing’s efforts to curb property speculation -- considered by leaders a key threat to financial and social stability -- are coming up short.

“There’s no other single country with such a high vacancy rate,” said Gan, of Chengdu’s Southwestern University of Finance and Economics. “Should any crack emerge in the property market, the homes to be offloaded will hit China like a flood.”

https://www.bloomberg.com/news/artic...ion-apartments

[Bouncer]

We’re doing great in the UK

Ohh reeally?

Pound Plummets as U.K.'s May Faces Political Crisis

https://www.marketwatch.com/story/po...ubt-2018-11-15



I have zero doubt if Briton could do it all over again they would vote no to Brexit. You guys are too small of an Island with little resource. Not sure why you thought this was a good idea. You absolutely need the EU.

[Bouncer]

Pound's Fate Could Worsen as Investors See Multitude of Risks

https://www.bloomberg.com/news/artic...s?srnd=premium

[Bouncer]

Markets are crashing and Bitcoin is crashing harder. lmao. thank the lord for stable coins. :D

[redback]

Bitcoin down 16% in like 2 days

[Bouncer]

Bitcoin down 16% in like 2 days

It went from $6500 to $4500 in 6 days. Pretty crazy but absolutely needed. It held the 6k line all year and nobody bought at that price. Just like a product on a shelf, if it's not selling it needs a price cut. For those people who bought at the top (20K) and are still holding... my heart goes out to you. Holy Fuck. But for day traders this is huge opportunity. Day traders don't care how far it drops because it means huge volatility. Volatility is what's been lacking the last 3 months in bitcoin. It was just going sideways at 6500. Hardly any money to be made. The opportunity is here now. Massive swings up and down has me fucken salivating.

Side note: I've been trying my best to change traps perspective on his "hold" mentality. He's coming around but he's still fucken bleeding funds. Holding only works in a bull market. That shit ended in Feb 2017.