Wall Street plummets ,trillions lost

[thaibeachlovers]

Just now, BritManToo said:

Didn't think that much of the 50s and 60s TBH.

70s, 80s and 90 I was working so didn't really notice the world passing by.

Best is the 10s and 20s, no money worries, retired and now living in the sun.

Unless you are really old I doubt you remember much more than I. I'm not going by my memory but by the quality of life as reported by history. With only 3 billion people the world was a far, far better planet to live on than now ( as stated, only for us fortunate enough to be born in the west ).

 

Without even an electronic calculator, people had to develop a working brain and reading books is far better than the mindless garbage they put on tv these sad days.

[BritManToo]

33 minutes ago, thaibeachlovers said:

Unless you are really old I doubt you remember much more than I. I'm not going by my memory but by the quality of life as reported by history. With only 3 billion people the world was a far, far better planet to live on than now ( as stated, only for us fortunate enough to be born in the west ).

 

Without even an electronic calculator, people had to develop a working brain and reading books is far better than the mindless garbage they put on tv these sad days.

In the UK they still had rationing until 1954, so not that great a time for most.

And I remember a lot of boredom, no tv until 6pm, books expensive, movies expensive.

Music you had to buy until around 1995

Sex very restricted when I was in the west, essentially guys over 40 didn't get any, even from their wife.

Sex available whenever I wanted from 2009+.

English food also easily available from 2015+

Since about 2015, all movies, books, games, music free and I have the time to indulge.

 

Now is the best of times IMHO.

Can't say I really care about the billions of other people, my life is all about me ....... me, me, me, me, me!

 

Sure if I were young now, and living in the UK, I probably wouldn't be all that hopeful .......

Zero hour work, no pensions, no chance of buying your own home, no chance of the traditional family life.

 

White men aren't doing that well (but we're a minority now), but if you were to ask all the non-white immigrants their lives are probably great beyond the wildest expectations of their parents still living in their dry, famine ridden, war torn poop hole countries. The Russian and Chinese populations have never had it so good throughout any time in their history.

 

Back to the OP, do I care if all those rich, greedy, money grubbing leeches start jumping from windows ......... not in the slightest.

[Hawaiian]

1 hour ago, BritManToo said:

In the UK they still had rationing until 1954, so not that great a time for most.

And I remember a lot of boredom, no tv until 6pm, books expensive, movies expensive.

Music you had to buy until around 1995

Sex very restricted when I was in the west, essentially guys over 40 didn't get any, even from their wife.

Sex available whenever I wanted from 2009+.

English food also easily available from 2015+

Since about 2015, all movies, books, games, music free and I have the time to indulge.

 

Now is the best of times IMHO.

Can't say I really care about the billions of other people, my life is all about me ....... me, me, me, me, me!

 

Sure if I were young now, and living in the UK, I probably wouldn't be all that hopeful .......

Zero hour work, no pensions, no chance of buying your own home, no chance of the traditional family life.

 

White men aren't doing that well (but we're a minority now), but if you were to ask all the non-white immigrants their lives are probably great beyond the wildest expectations of their parents still living in their dry, famine ridden, war torn poop hole countries. The Russian and Chinese populations have never had it so good throughout any time in their history.

 

Back to the OP, do I care if all those rich, greedy, money grubbing leeches start jumping from windows ......... not in the slightest.

Most of those "rich, greedy, money grubbing leeches" won't be jumping from windows like during the '29 crash.  They are more sophisticated and have diversified their investments into all sorts of hard assets including precious metals.

[Hawaiian]

1 hour ago, BritManToo said:

Didn't think that much of the 50s and 60s TBH.

70s, 80s and 90 I was working so didn't really notice the world passing by.

Best is the 10s and 20s, no money worries, retired and now living in the sun.

 

What was the OP again, oh yeah Wall Street .......... always though the stock market was a scam for the rich to take money from the gullible.

The market isn't for everyone.  The gullible usually buy high and sell low to the smart players.  Always winners and losers.

[IsaanT]

4 hours ago, thaibeachlovers said:

You are correct of course, but seems that some have nothing to offer but insults, and some come on because they want to offer insults.

I guess that when one has no life, insulting others anonymously livens up another boring day.

That is, indeed, the crux of this issue - anonymity.  The popular phrase for such people is keyboard warriors.

I have no reason to hide my identity and it would be a sad day for me if I did.
 

[IsaanT]

On 4/4/2025 at 1:00 PM, Harrisfan said:

Support at 37,000 for Dow. 

 

 

The Dow futures opened last night at 37,250 and went as low as 36,499.  That's your first support level breached.

However, as I suggested last week, the markets are very likely to rise this week, albeit slightly.  I had other reasons for stating it last week but do you see the gap in the chart between Friday night's close and last night's open?  The markets, like nature, abhor a vacuum so this gap MUST be closed before the trend down can be resumed.

To be even more specific, the Futures opened considerably lower than Friday night's close - this shows the market's underlying sentiment (remember, sentiment is what drives markets).  The gap created, however, must be closed so the Futures chart must rise to at least 38,219 (Friday's close) to close the gap (it might rise slightly higher but doesn't need to for gap-filling purposes).  Shortly afterwards, the downtrend will resume because that's what the sentiment is showing us (and for so many other reasons, but they are beyond the scope of this thread).

N.B. This is not an indication to trade - markets are volatile and yu risk losing your shirt, blah, blah.  Regard it as a simple lesson.
 

[Harrisfan]

6 minutes ago, IsaanT said:

 

 

The Dow futures opened last night at 37,250 and went as low as 36,499.  That's your first support level breached.

However, as I suggested last week, the markets are very likely to rise this week, albeit slightly.  I had other reasons for stating it last week but do you see the gap in the chart between Friday night's close and last night's open?  The markets, like nature, abhor a vacuum so this gap MUST be closed before the trend down can be resumed.

To be even more specific, the Futures opened considerably lower than Friday night's close - this shows the market's underlying sentiment (remember, sentiment is what drives markets).  The gap created, however, must be closed so the Futures chart must rise to at least 38,219 (Friday's close) to close the gap (it might rise slightly higher but doesn't need to for gap-filling purposes).  Shortly afterwards, the downtrend will resume because that's what the sentiment is showing us (and for so many other reasons, but they are beyond the scope of this thread).

N.B. This is not an indication to trade - markets are volatile and yu risk losing your shirt, blah, blah.  Regard it as a simple lesson.
 

It closed above 37,000. It might bounce or might not. 

[jas007]

4 hours ago, BritManToo said:

Didn't think that much of the 50s and 60s TBH.

70s, 80s and 90 I was working so didn't really notice the world passing by.

Best is the 10s and 20s, no money worries, retired and now living in the sun.

 

What was the OP again, oh yeah Wall Street .......... always though the stock market was a scam for the rich to take money from the gullible.

I think he's talking about the different decades, not people's ages.  

[IsaanT]

12 minutes ago, Harrisfan said:

It closed above 37,000. It might bounce or might not. 

Sunday's futures closed at 36,850.  You decide (it's a 50/50 right now but I'd put my money on the trend).

 

The above chart illustrates two things:

a) evidence of gap closure
b) why you shouldn't interpret anything I said as trading advice

Firstly, you should be able to see a gap created about a third of the way across from the left.  The futures markets are continuous (24hrs) during the trading week but do close on Friday night until Sunday evenings.  Thus, gaps can only form on a Sunday night.  This gap occurred on the Dow Futures on 13th June 2022.

 

However, you will see that the market continued down further for another five days before it went up and closed the gap on the 11th day, so closure isn't necessarily immediate but does occur relatively quickly.  As another example the gap on 28th August 2022 was closed the next day.  Scan any futures chart for more examples.
 

[beautifulthailand99]

Even if he recanted, no one will trust him not to do something again.That means frozen investment decision-making and it means no recovery during his term. Once it's down, it's down.
He might turn to military stuff, searching for a win who knows ? Chances of Great Depression 2.0 have never looked higher. That said he is the greatest troll ever with no one to ban him and it's how the American Empire finally ends as tragedy and farce in equal measure. Market prices are telling you what the real world believes are the consequences of Trump’s absurd policies.

 

[beautifulthailand99]

Live Futures - blood in the water. Again

 

https://uk.investing.com/indices/indices-futures

[Harrisfan]

5 minutes ago, beautifulthailand99 said:

Live Futures - blood in the water. Again

 

https://uk.investing.com/indices/indices-futures

Good

[IsaanT]

3 hours ago, Hawaiian said:

Most of those "rich, greedy, money grubbing leeches" won't be jumping from windows like during the '29 crash.  They are more sophisticated and have diversified their investments into all sorts of hard assets including precious metals.

With respect, I disagree.  Many will be caught with their pants down (Bitcoin 'investors' are probably near the front of the queue; meme coin holders even closer...).

Warren Buffett's Berkshire Hathaway investment company had a $334 billion cash pile at the end of last year.  If the markets are so profitable, why wasn't he trading them?  He's 94 and he's seen plenty of frothy markets in his time.  The writing is on the wall for those that can see it.  However, some people are not old enough, experienced enough or have short memories and think the good times will just continue for the foreseeable future, and are greedily invested accordingly.
 

[Hawaiian]

6 minutes ago, beautifulthailand99 said:

Even if he recanted, no one will trust him not to do something again.That means frozen investment decision-making and it means no recovery during his term. Once it's down, it's down.
He might turn to military stuff, searching for a win who knows ? Chances of Great Depression 2.0 have never looked higher. That said he is the greatest troll ever with no one to ban him and it's how the American Empire finally ends as tragedy and farce in equal measure. Market prices are telling you what the real world believes are the consequences of Trump’s absurd policies.

 

There are some GOP defectors in Congress, along with the Democrats that are willing to rein him in.  Musk has has voiced his opposition to tariff on the EU.  Let's see how far that goes.  We are in for some interesting times.

[IsaanT]

16 minutes ago, beautifulthailand99 said:

...he [Trump] is the greatest troll ever with no one to ban him and it's how the American Empire finally ends as tragedy...

 

The Democrats moved Biden to one side to allow Kamala a shot when Biden's position became intolerable so it's not entirely without recent precedent.
 

[Harrisfan]

18 minutes ago, IsaanT said:

Sunday's futures closed at 36,850.  You decide (it's a 50/50 right now but I'd put my money on the trend).

 

The above chart illustrates two things:

a) evidence of gap closure
b) why you shouldn't interpret anything I said as trading advice

Firstly, you should be able to see a gap created about a third of the way across from the left.  The futures markets are continuous (24hrs) during the trading week but do close on Friday night until Sunday evenings.  Thus, gaps can only form on a Sunday night.  This gap occurred on the Dow Futures on 13th June 2022.

 

However, you will see that the market continued down further for another five days before it went up and closed the gap on the 11th day, so closure isn't necessarily immediate but does occur relatively quickly.  As another example the gap on 28th August 2022 was closed the next day.  Scan any futures chart for more examples.
 

Bear market ends July-Oct. In that period.

[IsaanT]

1 minute ago, Harrisfan said:

Bear market ends July-Oct. In that period.

What's the rationale behind your prediction (just so those with hope can feel validated)?

BTW, for someone who has been arguing that the bull run isn't over, you're now creating ever lower predictions for the market (support at 37,000; support at 30,000-35,000; now bear market over by July-Oct).  I'm unclear whether you are long, short or just an uncommitted bystander lobbing bricks in the pond for fun?
 

[CallumWK]

1 minute ago, Harrisfan said:

Bear market ends July-Oct. In that period.

 

When you gonna post umpteen graphs again Sparktrader?

[beautifulthailand99]

Michael Wolff made a brilliant comment that basically you have to realise that Trump is insane and hasn't a clue of what he is doing and the US electorate handed him the keys to a nuclear reactor control room. Which he is now playing with pushing levers to see what they do ! Boardrooms of the world and government's have only one hope Get Trump.

[beautifulthailand99]

Ben Shapiro has turned anti-Trump

 

 

[Harrisfan]

2 minutes ago, IsaanT said:

What's the rationale behind your prediction (just so those with hope can feel validated)?

9.6 months is average bear market. It started Dec 2.

[beautifulthailand99]

1 minute ago, beautifulthailand99 said:

Ben Shapiro has turned anti-Trump

 

 

 

[beautifulthailand99]

1 minute ago, Harrisfan said:

9.6 months is average bear market. It started Dec 2.

1929 is on the line with a call.....

[Harrisfan]

5 minutes ago, IsaanT said:

BTW, for someone who has been arguing that the bull run isn't over, you're now creating ever lower

Bull run ended in December. 

[Hawaiian]

7 minutes ago, IsaanT said:

With respect, I disagree.  Many will be caught with their pants down (Bitcoin 'investors' are probably near the front of the queue; meme coin holders even closer...).

Warren Buffett's Berkshire Hathaway investment company had a $334 billion cash pile at the end of last year.  If the markets are so profitable, why wasn't he trading them?  He's 94 and he's seen plenty of frothy markets in his time.  The writing is on the wall for those that can see it.  However, some people are not old enough, experienced enough or have short memories and think the good times will just continue for the foreseeable future, and are greedily invested accordingly.
 

I don't consider Bitcoin a hard asset.  In fact I think it is a foolish gamble, not an intelligent investment.

Buffet saw stocks as overpriced.  Hence his unloading of Apple and other stocks and stockpiling his cash for better buys. 

[Harrisfan]

Just now, beautifulthailand99 said:

1929 is on the line with a call.....

From Hitler

[IsaanT]

24 minutes ago, Harrisfan said:

9.6 months is average bear market. It started Dec 2.

That's like saying it's safe to pull out of a town junction in front of an oncoming speeding car because the average car does about 30kph in town.  What if I'm right and we're in for a very long depression?

I assume your statement doesn't form any part of your investment strategy or trading rules.  If not, why say it?

Think about what you're saying before you press the 'Submit' button.  You can do better.
 

[Harrisfan]

3 minutes ago, IsaanT said:

That's like saying it's safe to pull out in front of this speeding car at a town junction because the average car does less than 50kph in town.  What if I'm right and we're in for a very long depression?

I assume your statement doesn't form any part of your investment strategy or trading rules.  If not, why say it?

Think about what you're saying before you press the 'Submit' button.  You can do better.
 

GFC was 17 months bear market. This tariff stuff is not that bad. So I think 30,000 for the Dow is cheap. 

[Harrisfan]

8 minutes ago, IsaanT said:

What if I'm right and we're in for a very long depression?

What if the sky falls in? 

[IsaanT]

14 minutes ago, Hawaiian said:

I don't consider Bitcoin a hard asset.  In fact I think it is a foolish gamble, not an intelligent investment.

Buffet saw stocks as overpriced.  Hence his unloading of Apple and other stocks and stockpiling his cash for better buys. 

We concur - I did put 'investors' in quotes behind the word Bitcoin.  At least the US Dollar is apparently backed by the gold in Fort Knox (have they done a recent stocktake, as was suggested recently?).

BTW, if anyone can explain to me how Bitcoin might one day become a serious form of currency for global trading (rather than a novelty way of paying for a Tesla), I'd like to hear the evidence...

Bitcoin (and all the other blockchain-based cryptocurrencies) are yet another Dutch Tulip Bubble (1636) or South Sea Bubble (1720), IMHO.  There are many lessons of irrational and exhuberant excess in history but some people only look to the future, not the past.