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Historical night- Market is crashing tonight
03-09-2020, 11:36 PM
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#151
- HomerJThompson
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- HomerJThompson
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Originally Posted By sdshakal⏩
You have couple of weeks of that action left if this thing doesnt bounce, I do hope it does.I’m in real estate and don’t really follow stock market but from what I’m seeing is homes here are still selling like fukin hot cakes. Especially anything under 1m. Median here is 600k but really a decent sized house in good area is 700k+.
This crash makes me want to buy some stocks but likely I’ll hold off until I see it bottom out and start riding. Feel like it’s too early to buy now as it will dip more
This crash makes me want to buy some stocks but likely I’ll hold off until I see it bottom out and start riding. Feel like it’s too early to buy now as it will dip more
03-09-2020, 11:37 PM
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#152
03-09-2020, 11:41 PM
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#153
- FrankCostanza
- Serenity Now!
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- FrankCostanza
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shorted the market in january. This **** is only getting worse .
I'm not here for rage. I'm here for revenge!
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03-09-2020, 11:48 PM
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#154
- VegasLifter26
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- VegasLifter26
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Originally Posted By HomerJThompson⏩
Are you talking about corporate debt or govt debt? Corporate debt is at an all time high due to the insane amount of growth for the last 10 years..Ill give you an example - if you are a car dealer and you have more customers than cars...what are u going to do ? you will take out a loan to buy more cars so you can meet the consumer demand (if you dont do this customers will go elsewhere and you lose money)..once the consumer demand drops you will obviously consolidate and refinance....companies are healthy and repaying that debt..lots of people hated on the bailouts but the truth is all of those companies paid the debt backThis is the result, not the reason. The stocks are crashing because the current economy is built upon a sea of debt supported by tax cuts and fed interventions. Coronavirus phucked chit up, because people are in a panic, industries are getting disrupted, airline and travel industry for example are taking a huge hit. This will affect earnings , the stock market is based on future potential earnings, if earnings are taking a dive, so will stock market that depends on those earnings.
If chit gets worse, since so many companies are loaded with debt, they may go bankrupt and then it may create a domino effect.
If chit gets worse, since so many companies are loaded with debt, they may go bankrupt and then it may create a domino effect.
(these are my opinions i am not a licensed broker by trade)
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