UPDATE: Dow drops 600 points as Wall Street crash zone season starts
Here we go.
This month we collectively enter The ‘September effect’, heading into Wall Street’s ‘crash zone’.
Historically Wall Street has had 3 of its largest melt downs in September and October but commentators argue the stockmarket isn’t suffering from “irrational exuberance” and that the Fed’s promise of a rate cut will keep markets happy.
B-u-t, chip maker Nvidia shows signs of dangerous irrational exuberance and while the Fed has promised a rates cut, the geopolitical tensions this time around the possibility of a Trump election in November means every bad faith actor from Putin to Netenyahu to Iran and to Xi wants to cause external pressures so an October shock can’t be ruled out.
It feels like a building of the perfect storm as the merchants of death prep for war.
UPDATE: Dear Bob the first, you dumb stupid prick.
You keep posting that the Dow bounced back today and that TDB was wrong.
I’m going to be as clear as I can you stupid dumb prick.
Yesterday it dropped 626 points. Today it went up by 38 points.
Shut up and stop posting lies
Great news.
Let them die.
lol – drag the graph out to Max – you could also say “Dow adjusts from ALL TIME HIGH”
Followed by NZ into the into a deeper mire next year .The race to the bottom continues .
Then the following year this coalition of crap gets the boot.
Wall Street continues SNAFU eg down to standard – longer outlook for sensible trading poor.
Dow closes 600 points lower to begin September, S&P 500 …
CNBC
https://www.cnbc.com › stock-market-today-live-updates
-8 haora i mua — Wall Street will also have to contend with seasonal headwinds, as September has been the worst month on average for the S&P 500 over the …
Alex will show you the way – follow the dotted line to the end……………………………………….
https://www.alexcartoon.com/about.cfm
The US Fed, who is 100% beholden to the current administration (i.e. Democrats), will do everything imaginable to keep the US economic corpse alive until the election to make “Bidenomics” (and by extension “Kamalanomics”) be in the best light possible. No crash will come until after the election.
That said, if Trump somehow wins, they will crash it extra hard to embarrass him. Yes, they are that petty and spiteful.