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US stocks tumble as part of global market sell-off

Stocks plunged on Monday as U.S. recession fears caused turmoil throughout the global markets.

The Dow Jones Industrial Average tumbled 1,000 points, while the Nasdaq Composite and S&P 500 also fell by 5% and 3.7%, respectively.

Japanese stocks also fell on Monday, with the Nikkei 225 index closing lower by more than 12% – 4,451.28 points – in its worst day since 1987.

Cryptocurrencies plunged as well, with the price of bitcoin falling 17.5% to $50,239 a coin on Monday morning. The price of ethereum slid 23% to $2,230 apiece.

www.foxbusiness.com

US stocks tumble as part of global market sell-off

Stock futures tumbled on Monday as U.S. recession fears caused turmoil throughout the global markets. Japan's Nikkei 225 had its worst day since 1987.
www.foxbusiness.com www.foxbusiness.com
 
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Nearly $2 Trillion Wiped Out from Stock Market as Fears of Global Recession Spark Panic Among Investors — Warren Buffett Dumped Nearly Half of Apple Stake and Holds $277 Billion in Cash Reserve

The first Monday in August has arrived with panic sweeping through the finance sector, as nearly $2 trillion was wiped out of the S&P 500 at market open. Investor anxiety over a looming global recession triggered a selloff that sent U.S. stock futures plummeting and raised urgent questions about the Biden’s administration’s economic policies.

As trading began on August 5th, a staggering $1.93 trillion was wiped out from the S&P 500, with stock index futures taking a massive hit. S&P 500 futures fell more than 4.4%, while Dow futures were down 3%, translating to a loss of 1,212 points. The Nasdaq 100 futures fared even worse, plummeting over 5.2%, according to Watcher.guru.

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www.thegatewaypundit.com

Nearly $2 Trillion Wiped Out from Stock Market as Fears of Global Recession Spark Panic Among Investors — Warren Buffett Dumped Nearly Half of Apple Stake and Holds $277 Billion in Cash Reserve | The Gateway Pundit | by Jim Hᴏft

The first Monday in August has arrived with panic sweeping through the finance sector, as nearly $2 trillion was wiped out of the S&P 500 at market open.
www.thegatewaypundit.com www.thegatewaypundit.com
 
Britt Gillette is an economic expert and he sees a global economic collapse similar to the great depression coming.
He says it is probable it won't last long because the solution will be to digitize everything and convert the economy to the Central Bank Digital Currency to save the global economy.

Britt uses historical references from the past global economic crash to compare in the pattern as we are seeing today.

Video is 38:38 minutes

- YouTube

Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.
youtu.be youtu.be
 
Andiamo said:
I’m dense about this stuff.
Is it apocalyptic? Or will it come back?
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In my 50+ years of following the market I have seen some wild days/sell offs, personally I think the market is due for a downturn since the DOW broke the 40000 mark, there have been some big corrections in the past. The economy is not what they brag it up to be, everything is over priced, U.S. is carrying most debt in it's history, Biden and company have over spent. I saw a report last week that said 30% of citizens are in over their heads on Credit Cards and many citizens have less than $1000 in savings , there is quite a bit of monetary stress happening in many sectors and people are buying basics, just what they need, when the layoffs start happening regularly things will tighten even more.
Edit: I am not a financial expert or guru, but I read a lot, I invest and follow markets even if I don't own a share right now, I have been in and out of certain stocks and watched the market for over 50 years, market goes up and market goes down, many activities going on in the world affect market and buyers/sellers attitudes, and Buffet dumping some Apple may have played a part, and wars/rumors of wars.
 
Almost Heaven said:
Not Apocalyptic. Market corrections are normal. This is in response to many things. Asian Pacific Rim slow down, July reports not being what was predicted,
US fears of recession, US political climate. The Fed not being aggressive enough with rate cuts.
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Just another day in the stock market. If the market lost half it's value in one day, it would be remembered.
 
Armor of Light said:
In my 50+ years of following the market I have seen some wild days/sell offs, personally I think the market is due for a downturn since the DOW broke the 40000 mark, there have been some big corrections in the past. The economy is not what they brag it up to be, everything is over priced, U.S. is carrying most debt in it's history, Biden and company have over spent. I saw a report last week that said 30% of citizens are in over their heads on Credit Cards and many citizens have less than $1000 in savings , there is quite a bit of monetary stress happening in many sectors and people are buying basics, just what they need, when the layoffs start happening regularly things will tighten even more.
Edit: I am not a financial expert or guru, but I read a lot, I invest and follow markets even if I don't own a share right now, I have been in and out of certain stocks and watched the market for over 50 years, market goes up and market goes down, many activities going on in the world affect market and buyers/sellers attitudes, and Buffet dumping some Apple may have played a part, and wars/rumors of wars.
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I dont prefer gambling on stocks, and always preferred real estate. Your knowledge is 1000 percent above mine.
 
The US economy will collapse as also on a global scale.
How can our US economy survive with the constant spending of money we don't have?
Giving the millions, yes millions of illegals that have come into this country just since Biden took office free everything on tax payer expense?
The billions that have continued to go to Ukraine.
The US debt is past 35 trillion dollars now and still going up.
How can this be sustainable?
 
1LoverofGod said:
Britt Gillette is an economic expert and he sees a global economic collapse similar to the great depression coming.
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Economic "experts" are a dime a dozen.

Baby Yoda said:
I still recall October of '87 when that crash occurred, my loan officers were coming in to the office all upset and convinced their mortgage careers were over.
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That's a day when I went from almost all cash to 100% in the market. It didn't take long before I was doing quite well. Back then you had to call your brokerage or the individual Mutual Fund companies.
 
Armor of Light said:
In my 50+ years of following the market I have seen some wild days/sell offs, personally I think the market is due for a downturn since the DOW broke the 40000 mark
Click to expand...

I've only been an active investor for 56 years. I think the main reason that the DOW is around 40K is due to inflation. The Market will correct every so often though whether or not the economic picture demands it.
 
Andy C said:
I dont prefer gambling on stocks, and always preferred real estate. Your knowledge is 1000 percent above mine.
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My knowledge is from reading and real life market experiences, some good and some bad and I had a friend who was on the "Floor" at the NYSE, he was an actual "Market Maker" as they were called back then, maybe still are now, anyway he taught me about the market. My 1st stock ever purchased was a penny stock in 1980, a new car company making a mid engine race car. I happened to be in a bathroom at the UPRR Headquarters building in Omaha and while I was in the men's room I overheard 2 company bigwigs talking about how great their stock was going up everyday, and they just kept going on an on about it, while I'm in a stall at the end of the room and thinking to myself what is the symbol, just say the stock symbol, and finally one of them said it, I wrote it down. After they left the BR got back to my desk and called my guy at Piper Jaffray and asked him to check it out for me. He called me next day and said it was a penny stock and was trading at 7 cents(I think, twas so long ago) anyway he said if I wanted some he could buy it on the pink sheets, so I had him buy a couple thousand shares which was not much to spend $140+ brokerage fees. anyway my Dad bought some, his friend bought some and the stock went up for a few years and topped out around $5 dollars. I sold my shares around the $3 mark, Dad and his friend held theirs for years and now that stock symbol ASHA is associated with a fish company, not sure if it is worth anything now. So that's my stock market claim to fame, from the bathroom to the top of the world baby! :lol:
 
Armor of Light said:
So that's my stock market claim to fame, from the bathroom to the top of the world baby! :lol:
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I started with a mutual fund. Back then the funds section was about 4" by 5" in the newspaper. I think it was called Oceanographic Fund. Since I was only 12 yrs old, my mom helped me buy it. I believe I lost money on it but the value in owning some of that company was I started watching the markets every day. Fast forward a bit and I ended up making my living in the stock market. My employment that ended in 2002 was nothing more than a small side show when it came to my income.

With computer trading, day traders, etc., the market isn't what it used to be, especially for someone like me who buys and holds stocks, usually long term. There's a lot less "reason" in it today, but you can still buy low and sell high if you're disciplined.
 
Tall Timbers said:
I started with a mutual fund. Back then the funds section was about 4" by 5" in the newspaper.
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I remember that Funds section ,I bought or found a newspaper everyday to check stocks and chart them, I have not looked at a newspaper in so long not sure if stocks are even listed anymore with everything at our fingertips now.. I used to have this big paperback that had all public traded companies with stock symbols and all their info, can't remember the name of it or where I got it, but it was a handy tool back then. I used to look up stocks that paid really high dividends but had super low stock price, most were oil/fuel/energy related, always enjoyed investigating, still do.
 
1LoverofGod said:
Britt Gillette is an economic expert and he sees a global economic collapse similar to the great depression coming.
He says it is probable it won't last long because the solution will be to digitize everything and convert the economy to the Central Bank Digital Currency to save the global economy.

Britt uses historical references from the past global economic crash to compare in the pattern as we are seeing today.

Video is 38:38 minutes

- YouTube

Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.
youtu.be youtu.be
Click to expand...
I love listening to Britt. I found him on here when Margery shared one of his videos. Thank you @Margery
 
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