I think so. It's seriously correcting in Europe right now & did in Asia last night. I bet it opens low today & maybe a crash on Monday? Or maybe just go down a lot more & then crash the next week - THEN would be the time for MOASS of GME & DJT!
It's August 2nd & they say August is a hot month...
All I can say is get your shit in order. Save a bit of fiat for the first couple weeks, have some precious metals like gold, silver, and lead, have 14 gallons of water minimum per family member, and shelf stable food. If you don't need it, use it. But if you need it, you will wish u had it.
Picking up my side of grass finished beef tomorrow and gonna chuck it in my freezer (like a side of beef).
Now’s the time to think of how to keep the freezer running when the power dies. At least for a bunch days or couple weeks.
We just had a generac installed - runs on LNG - big improvement in hurricane country over a gas generator - yes, finding gas after a major catastrophe is not fun.
Gas generator?
That’ll work…until your gasoline runs out. I was just raising the thought that long term it might not be feasible. This is the same situation we’re in. I have 30 gal stored. With prudent use it’ll keep freezers cold for a few weeks of frugal use…but then…
Been there; done that. We're as ready as I'm able to make us.
If we never need it, fine. But I sleep better, knowing that it's there.
It's gonna be good camp food when this war is over
Everyone who believes in Bidenomics will say it's just a dip & invest more. They will lose their shirt. Those like us who know what's going on will do ok & when it's all over, that alone will effect 'public opinion' Because people put more credence into whatever took their money
We are in for a massive correction, but the question is how bad will it be?
China and Japan are already looking pretty grim, propped up by their respective central banks plus government bailouts. Japan in particular is screwed, and had to raise interest rates to prop up the Yen during a slowing economy (very bad idea).
The stock markets have completely decoupled from any of the fundamentals for quite some time now. During the dotcom bubble, this decoupling was referred to as "irrational exuberance", which was another way of saying that traders were bat shit crazy. This time it is based largely on the A.I. hype plus rigged job market and inflation numbers, etc. It is all fake and crazy, just like the dotcom bubble.
The crash this time should be even more spectacular than the dotcom crash. Get out of the stock market while you can.
IT GONNA BE BIBLICAL.
For a year now, X22 has been saying there will be a market correction (dip) around July/August, then it will recover, and then the real (major) crash will hit in October.
Red October, I will enjoy the dip and purchase a bunch of GME and DJT, then wait for the rip.
I have been wondering the same thing.
It has been looking very "crashy" so far today. And it's still just pre-market right now.......
Link for those interested, yeah it’s yahoo. Even they can’t lie about the economy anymore. https://finance.yahoo.com/news/live/stock-market-news-today-stock-sell-off-picks-up-pace-after-jobs-report-shows-us-labor-market-losing-steam-105302585.html
USA jobs report doesn't explain Israel, Iran, Asia, Euro market crash(correction)......
There's got to be WAY more to this.
I’m sure there is, but it will take someone with a much better understanding of global finance to explain it. 😁
It's never what they say! I bet it had something to do with white hats pulling the plug on their illicit biz worldwide, in many different ways. Things they always do but I think it was unified as per Q's plan
Perfect. Right on time. I just sold my condo this week
Grats man.
US Futures down, scroll down to see US Futures. https://www.investing.com/indices/indices-futures Very difficult to predict, I know Apple earnings reported last night were up 5% and that’s a lot!
Well look at gold... it's $25 from hitting $2500/oz.
I always have to remind myself, that it's not an indication of how much value gold has, but of how little value the dollar has.
I've both metals and a big stock of consumables that I'll be able to live off and trade. I'll only take other useful things metals in trade.
Here is a perspective. Local owned mom and pop gas station sign says gas, 3.65 per gallon or 1964 or earlier date dimes per gallon. A dime is about 2 bucks atm.
Same here, with exception of a third metal, to make sure I keep the first two metals and provisions.
Me too... FYI it was $1080/oz back around 2014.
Incidentally, plenty of staple items are 2.5x what they were then
Back in the 00s, I asked two separate companies I worked for if they'd set up some sort of precious metals fund for our 401(k)s. I got laughed at both times both by the upper management and the "investment consultants".
I'd be a multimillionaire several times over if I had been able to invest my cash the way I wanted back then.
However, that was one of the initial incidents for me that started me on the path to actively ignoring "experts"
I would think it would happen right after the election, so as not to blame the Dems.
[they] have been doing everything they can to use fake economic and jobs data to prop up the shambling corpse (economy) until after the election... whoopsie...
Sure, why not
Yes.
Housing prices are out of control. Food, gas, insurance ... to high to hide it from the masses anymore. But commercial real estate (CRE) is the real bomb. Banks are truly swinging in the wind with their CRE loans. When those start defaulting ...
edit: just in - auto repos up
Something big is about to drop?
VIX shot up drastically today
Maybe they mean Red October they mean Red “Oct”ober? October used to be eight month before new year was moved from April 1 to January 1.
Calendars! Those pesky things! Making us do others customary biddings since before it was cool
This is a popcorn-intensive time right now. So this wouldn't surprise me.