Billionaires trying to scare the market into thinking that Democratic wins across the board is bad for the economy. This is to hide their nefarious policies and play the blame game. The market will rebound very quickly.
Panthollow on
It was down a little over 1%. I’m not sure we can realistically call that a crash. If it does that every day for a few weeks, sure. Otherwise this is a random blip. Markets always ebb and flow a bit.
Tiny-Phrase3490 on
Because:
A bunch of articles have been released over the last 6 months calling for a 10-20% market correction which are then seen and influence a collective mindset to withdrawal/ asset diversify;
the buffet indicator is kicking and the economy is “over valued 240% ” vs how much it will actually return;
Labor market is entering a recession, there are more people than jobs to fill and no one wants to lose potential gains if their job isn’t secure;
Inflation while “easing” still present, mortgage rates still to high and housing to high for a generation that can’t purchase or afford the loans
Wages are too low and healthcare/property/car insurance are unaffordable
Groceries are too high.
Utilities are too high.
Civil Rights Violations accompanied by civil unrest are becoming more likely.
Companies are laying off thousands in attempt to boost their stock price which isn’t a good thing, especially if everyone is doing it.
3 Comments
Billionaires trying to scare the market into thinking that Democratic wins across the board is bad for the economy. This is to hide their nefarious policies and play the blame game. The market will rebound very quickly.
It was down a little over 1%. I’m not sure we can realistically call that a crash. If it does that every day for a few weeks, sure. Otherwise this is a random blip. Markets always ebb and flow a bit.
Because:
A bunch of articles have been released over the last 6 months calling for a 10-20% market correction which are then seen and influence a collective mindset to withdrawal/ asset diversify;
the buffet indicator is kicking and the economy is “over valued 240% ” vs how much it will actually return;
Labor market is entering a recession, there are more people than jobs to fill and no one wants to lose potential gains if their job isn’t secure;
Inflation while “easing” still present, mortgage rates still to high and housing to high for a generation that can’t purchase or afford the loans
Wages are too low and healthcare/property/car insurance are unaffordable
Groceries are too high.
Utilities are too high.
Civil Rights Violations accompanied by civil unrest are becoming more likely.
Companies are laying off thousands in attempt to boost their stock price which isn’t a good thing, especially if everyone is doing it.
A bigger collapse I suspect is coming.