Stock Market crashing , is this the beginning of 2008 2.0 ?

[888theGreat]

Dow was down over 1000 points today. Turkey is collapsing. Covid 100 is coming to a street near you. Oh, and the shots ain't going to help you with this new version.

Welcome to 2022 and it is going to be a disaster.

Yes , here we go again

No, and the Great Depression never happened and neither did 2008

[Oigit]

Could be. Though I have been keeping an eye on housing market more then anything. Because it really feels like we are the same path in some respects as where in 08. Houses seem to be being sold just after the for sale sign is put up and new houses seem to be going up all over the place. I'm wonder when things are going to shift and people end up the asking price for a house that is worth several thousands less then the asking price. All leading to many houses going right back on the market due to being foreclosed on. Finishing with the big to fail banks being bailed out and tax payers being handed the bill for the bail outs.

I can't help but wonder of a lot of the "I'll buy your house for cash" commercials lead right back to the too big fail banks that where a big part of the crash in 08. I mean look at a bank like Wells Fargo history leading into the 08 crash, during the crash and many years after it. Seems like breaking Fargo and the other too big to fail banks up is a really, really good idea and should have been done back in 08. Sure freedom and all of that. But our freedoms don't really give any company the fight to obliterate our economy and screw every tax payer with a red and white dildo the size of a football field.

[888theGreat]

They both will go at same time

[The_Maphio]

2008? This is going to be 1929 part 2 if we don't make it quick to the definitive vaccine for COVID.
Actually, many countries got to such a level of economic crisis DURING one of the earlier waves. It's to be seen if this one will stick or we can quickly get rid of it.

[888theGreat]

they are going to shut world economy down again over a rumor

[saffoler]

So what you are saying is that it will be a good time to buy stocks soon?

[888theGreat]

Sure at 5000 dow, but it might not ever recover also. The final crash ! Then the reset happens with gold backed digital currency

[saffoler]

Every crash feels like the last one at the beginning. But eventually the market recovers. It might take 10 years like it did with FDR; maybe 15 because of Biden. But crashes recover; depressions and recessions end.

[douride2]

Yep we all be going to hell now.

[888theGreat]

I have no idea how it will effect Canada. Fewer people is better than more

[douride2]

Well all I know for sure is our PM is digging us further into debt.

[douride2]

Oh yea. Thanks for the MHO.

[888theGreat]

Canada debt is nothing compared to US. You have fewer people too, so it gives your country a better chance. Plus Canada has more natural resources than America. You people could live off the land.

[mike5150]

The stock market is reactionary to what is happening around the world. When not much happens it goes up. But right now we have China and Russia preparing to take over Taiwan and Ukrain. We folded to the Taliban and let them take our stuff. Bidens making us look weak and see what happening?

[tartaarsaus]

Obviously not. The market goes down because of a new covid variant. This means there’s not a fundamental issue in the economy, just slightly worse economic outlook. This is not even remotely comparable to the financial crisis of 2008.


The lira is losing value because Erdogan is dumb.

[REDHOTLINE]

And also traitor / thief / lier.

[888theGreat]

The drop is from Turkey not this invented covid variant. Turkey is a mess ans will require IMf funds.

[tartaarsaus]

Nonsense. Turkey’s currency plunged days ago and there was no substantial drop in the DownJones.

[888theGreat]

news just got here , it was reported yesterday

[tartaarsaus]

Lmao

[exitseven]

The landscape is different this time around. There are similarities though. We have a housing bubble that is about to burst. Interest rates will rise exacerbating the problem. I think if the democrats can ram their 4 trillion giveaway through congress it may prop up the market little longer.

[madgoat]

The stock market crashes every few years but overall and over time rebound and improves which is why people invest money in it for long term growth.
I'm hearing a rebalance is due but noone knows when. Maybe as you say, it's already here.

[888theGreat]

Based on debt which will cause a final crash game set match

[madgoat]

Are you suggesting your country will crash and utterly implode in the near term future?
I find that extremely unlikely but if it did happen, I'd imagine a worldwide financial winter of a vast order.
More likely, stocks will burn for a few years, followed by recovery. Hopefully before I retire.

[ShadezMcgee]

I got beer, whiskey and vodka to drink as I watch everything disintegrate.

[DexWest]

How about you actually do an unbiased poll instead of two options that reinforce the same conclusion, You’re making a false dichotomy and it’s very ingenious.

[Likes2drive]

It’s probably temporary, still waiting for housing market to readjust though

[888theGreat]

a country failing is pretty serious

[Likes2drive]

It’s not going to fail, it just needs to be managed, we will get through it just like last time, might take longer

[OddBeMe]

You seem to look forward to calamity. Life hurt you that bad?

[888theGreat]

I think you get what seed you plant . US uses deception and bad debt.

[Redstang88]

Hope so, cheap buys. It always comes back

[888theGreat]

nothing is forever and you can't print money and fix it.

[Redstang88]

True, but it’s not gonna come to an end in my lifetime, certainly not yours

[888theGreat]

I believe we have reached the end. They can't keep kicking the can down the road. Is the world like the day of Noah? Yes if not worse. From killings , open day light theft of stores by mobs, to immoral leaders. I think world economy collapses , anti christ comes to world power and we have one world religion, economy, currency, and Jesus comes back to correct things. Then we have 1000 year reign. Then eternity with Kingdom rule.

[Redstang88]

People say that all the time. Guess we’ll see

[888theGreat]

Difference is we really have 100 Trillion national debt , and no morals at all now. God has been assassinated by the left. So it is far worse than my Dad's generation , and his was worse than his dad's , and his dad's dad worse than his.

[Bidensucks2020]

Stocks are down 2300 in last 4 days