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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12241663 No.12241663 [Reply] [Original]

THE DOW JUST DROPPED 10K USD AAAAAAAAAAAAAAAAAAAAAAAAAAAA SELL SELL SELLL AAAAAAAAAAAAAAAAA

>> No.12241677

>>12241663
Dow not even trading yet post in 1 hour you larping Fag

>> No.12241683
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12241683

>>12241677
I JUST SAW THE GOOGLE COUNTER GO RED FOR 10K AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.12241689

>>12241677
Op is still right though lol

>> No.12241712

>>12241689
no he isn't

>> No.12241726
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12241726

>>12241663
A. It's not possible for the DOW to plunge more than 7% without triggering a circuit breaker.
B. It's still early pre-market
C. KYS

>> No.12241732

>>12241712
Sir, I don't understand. Please explain. Why would *anyone ever* LIE on the internets?

>> No.12241735
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12241735

>>12241663
Do we tell boomers or should we just watch and laugh at them loosing all their money on double top and crash into the nether?

>> No.12241757

It’s +0.57%

>> No.12241761

>>12241732
i just don't get how idiots claim to make money trading btc or other alt coins or stocks on biz and don't even know what an index is.

>> No.12241769

>>12241735
>double top
Kys TA fag. Stocks always go up in the long term

>> No.12241777

>>12241757
Just wait for the daily Donald Drumpf twitter temper tantrum

>> No.12241782

>>12241761
what is index, sir? I believe index is a very real and tangible thing, unlike crypto that's just digital ones and zeroes.

>> No.12241800

/biz/ is the buttcoin for stocks

>> No.12241870

>>12241777
You mean wait for the fifth rate hike in one year?

>> No.12241884

>>12241777
Check'd
Stocks will dump 10k
Trump guarantees it

>> No.12241888

>>12241870
don't know ask him. Wouldn't surprise me if he tried to fire Powell. Or just says some random stupid shit creating a panick

>> No.12242043

>>12241888
Trump's outbursts never hurt the economy until the rate hikes.

>> No.12242053

>>12242043
ofc Magapede is always right

>> No.12242059

>>12242053
No, the charts are.

>> No.12242067
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12242067

It’s up!!!

>> No.12242249

>>12242059
At this point the only thing holding the economy together are the Fang meme stocks and pharmaceuticals.Consumer spending went up 3.8% in the third quarter. Due to the rate hikes by the Fed. Before that Banks were less likely to give out loans. But wages are stagnant despite Trumponomics.(Tax cuts, tariffs etc,). Just look up other stocks like car manufacturers, intel, heavy industry, even wallmart.. They're down 10-40%

>> No.12242263

>>12242249
>Consumer spending went up 3.8% in the third quarter. Due to the rate hikes by the Fed. Before that Banks were less likely to give out loans
>source: my ass
You are so obviously a liar. Loan approval ratings have not increased after the rate hikes. Consumers are LESS likely to spend because of the rate hikes charging them more to spend.

>> No.12242362

>>12242263
Just look up the loan approval rates in August and how they were historically during that period. Consummer spending went up, retail sales etc...(Consummer=businesses and you're averge joe) but the stocks are still going down in retail, car etc. If you're money is affected by inflation which is influenced by fed rates. You're going to spend your money unless you want it to get devalued while keeping it on your savings account.

>> No.12242646

>>12242249
>>12242362
This is next-level chicken bone reading.

The average consumer doesn't start spending more because inflation is slightly higher.

>> No.12242716

>>12241735
Even if it does crash they won't lose money unless they panic sell. At worse they have to delay retirment 2 - 3 years.

>> No.12242737

>>12242249
>and pharmaceuticals
How long will that last with the government getting into the generic prescription drug game?

>> No.12242764

>>12242249
Consumer spending didn’t increase because of rate hikes... Macro 101.

>> No.12242765

>>12242646
The average consummer doesn't get a bank loan if the rates are low. Why would the banks lend you money if they can't make money?

>> No.12242826

>>12242765
>The average consummer doesn't get a bank loan if the rates are low. Why would the banks lend you money if they can't make money?
The banks still negotiate their own rate with consumers.
The rate at which they themselves borrow is lower, but they can still lend money with the exact same difference.

>> No.12242867

Sooo.. should I hedge with crypto now?

>> No.12242908

>>12241769
cope

>> No.12243667

>>12241769
>he’s only looked at American indexes

No they fucking don’t. The American empire is over.

>> No.12244822

>>12243667
>The American empire is over.
Goodbye, Pax Americana.
Out of Syria, out of Afghanistan.
Your economy has been force fed by niggers and low-class mexicans, enforcing incompetent idiots into important posts by affirmative action.
Sad.