Wall Street's stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy. The Dow Jones Industrial Average (^DJI) fell over 1,000 points. The Nasdaq Composite (^IXIC) was crushed by more than 3.4%. The S&P 500's (^GSPC) losses cascaded nearly 3% in its worst day since 2022, capping its worst start to any month since 2002. Wall Street's "fear gauge" " the CBOE Volatility Index (^VIX) " touched its highest level since the early days of the COVID-19 pandemic, before retreating. Treasury yields fell, with the benchmark 10-year Treasury yield (^TNX) hovering near 3.8%.
I didn't lose anything.
#23 | POSTED BY YAV
Somebody did.
I believe it's called volatility?
Which went a little crazy.
www.google.com
Lot of reasons this is occurring, the US debt, CPI and Unemployment numbers are probably why. I expect the market to go bonkers here over the next month or so.
Its the dip before the rip, happened in 08.
#33 | POSTED BY CLAUDIO
Over the last year, employment of native born US citizens fell by 1.2M jobs.
I know I am someone that took the job from them.
Eventually, this makes it way to state employment like in CA which will be forced to slash additional jobs to close their deficits driven by a collapse in the private market.
They aren't connected, they maybe forced to slash openings, but they are still hiring.
Deficits don't matter to the government. I have never seen a government "slash" anything, just cut back on growth rate.
The only question is how much the economy collapses in the next 30 days.
That's what "dip N rip" means.
But if interests rate get lower there is a lot of inventory, and pent up demand. Buying a home could possibly reinvigorate the economy. It depends upon how long the Fed waits. Wait until consumers are drowning. Then it might be a problem.
Interesting here link to housing
map.reventure.app
#49
Some people here pay more in taxes than you make a year. You might want to ponder on that, Bozo.
@#43 ... Traders went nuts trying to borrow money from Japan at low interest rates. ...
Yup. Using cheap Japanese-borrowed money to put into investments elsewhere. ("carried interest")
... One of the last refuges for that, and the dollar was ridiculously strong against the Yen. ...
Yup, again. And aside from the low interest rate in Japan. Borrow money in Japan at a ridiculously low interest rate, and invest that money in other countries.
Japan ends era of negative interest rates. (March 2024)
www.weforum.org
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