@VooDooMedic @Tfmonkey does it mean a crash is coming?
Isn't green good and red bad?
(please forgive my orc-level understanding of the market)
@Lorgar @Tfmonkey basically the index is a measure of public sentiment and since its a volatility index the fact it's gone up over 100% in a day is a very bad sign last time this happened to this extent Russia went to war and the GFC of 2009 happened before that, I believe in my humble opinion that is the opening of a black swan event maybe tfm has some more information or details but patterns and history will tell is that this is very very bad
@VooDooMedic @Lorgar @Tfmonkey gold is also down. so this is just a shockwave. the money has nowhere to go, so markets will be soon green again. rate cuts will be announced next month. i spent all my cash on friday. i will be in the red today but in a month? i am betting i will be green.
@Justicar @VooDooMedic @Tfmonkey real gold is up (coins and bars).
@Lorgar @VooDooMedic @Tfmonkey nobody cares about real gold. except central banks and "survival" weirdos.
@Lorgar @VooDooMedic @Tfmonkey admitting you have a problem is the first step towards resolution :)
@Justicar @VooDooMedic @Lorgar @Tfmonkey what did u spend ur money on?
@37712 @VooDooMedic @Lorgar @Tfmonkey $INTC $TGB $TELL $VALE
@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.
@VooDooMedic @Tfmonkey what is going on?