A place to share business news and insights.
Nasdaq is already in bear market territory. May not be a technical recession but shit’s looking pretty bad right now.
Just think what would happen if a scandal like 2000 or 2008 happened (i.e. AI crash) at the same time? That would royally suck...
S&P 500 will drop below 4000. Earnings estimate should be adjusted to under $200 after institutions finish selling off. This happens even if Trump asks world to say thank you for reducing tariffs to 10%.
Hindenburg research called this last year, that's why I dumped all my stonks last month.
Same, dumped mine just after the election. I’m sitting on a 50% cash position with a very conservative portfolio of consumer staples, health care and bonds.
On a positive note, all the MAGA loyalists I know went all in and are now getting wiped out. Made my last two days hearing them suddenly unsure about it. I keep pushing them to put whatever they have left into Tesla.
Damn... I put all my money into Newsmax at $220/share. Haven't been paying much attention to news, am I doing ok?
Good.
Hate to say it because I'm going to suffer a lot too despite not remotely voting for this, but honestly fucking Americans need to fucking learn that voting and not voting has consequences and if we all have to suffer to learn that God damn lesson of Nazis should be punched and not put into office, so be it.