@Tfmonkey is this the happening?
@VooDooMedic @Tfmonkey this was mostly caused by bank of japan. there was a lot of money borrowed that now needs to be returned so things will have to be shuffled in a big way. but it will settle soon. i mean, i bough intel on friday at 2021 price. that's not normal by any stretch of imagination and won't last. there will be a huge rebound soon. then add rate cut which is essentially guaranteed by now. things will rebound fast.
@Justicar @VooDooMedic it's an election year so the money printing and bailouts will begin soon. There is no way the Regime let's the markets and economy crash while a Democrat is in office and facing reelection.
@VooDooMedic @Tfmonkey @Justicar I think they're going to use this little crash to set up for the rate cuts based on rumor. e.g. https://www.cnbc.com/2024/08/05/chicago-fed-president-goolsbee-says-if-economy-deteriorates-fed-will-fix-it.html
@DoubleD @VooDooMedic @Tfmonkey whatever gets them moving... this will be the last hurrah to make some money before it all starts to go to shit.
@Tfmonkey @Justicar could it be that they finally hit the limit of the strings and bets are being called and bluffs are being exposed?