Stonks & Bonds. lol fundamentals, sir this is a Taco Bell

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He is a truly deeply stupid person.

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Last time he did this before the open, S&P finished up on the day. Knock on wood!

S&P Futures now down 200 points

Come on, be fair here. It can also be used for modestly illegal shit, and even just borderline illegal shit.

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Cramer posts in UP confirmed

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I lazily had a bunch of cash parked in a checking account for the past few months. Downside is I wasn’t earning juicy interest. Upside is it isn’t in lol stocks at the moment.

This sounds like a good idea, but does making an emergency rate cut spook the markets more somehow?

That would basically destroy any confidence the market has in the Fed as a stabilizing force and would spike volatility across every asset class

So the market dropped some, but everyone seems to be freaking out more than usual. Any reason that would be understandable by a dummy like myself?

Japan’s stock market is down over 12% in one day, so it’s bigger than usual stock declines

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12% is a crispy drop, for sure.

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This is my once every five years opportunity to feel good about the fact that I have a bond allocation.

Things seem not so bad since market opening knocks wood

Media: stock market crashing. It’s the end of world.

Meanwhile: stock market up almost 3% still YTD.

No wonder people don’t understand how the market works.

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Very long and very interesting story about Warren Buffett’s and Bill Gates’s relationship and the events leading up to Buffett shifting his charitable donations away from the Gates Foundation (should be unlocked):

https://www.nytimes.com/2024/08/04/business/bill-gates-warren-buffett-friendship.html?unlocked_article_code=1.AU4.mEE_.w0xyQoc57PQM&smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

What media outlet is reporting anything like “it’s the end of the world” ?

not EVERYTHING is going down! :woozy_face:

https://x.com/aristos_revenge/status/1820287935532458350?s=46&t=hUTQWHj9NQWf8Y8RgMv1TA

https://x.com/rawsalerts/status/1820456778380837353?s=46&t=hUTQWHj9NQWf8Y8RgMv1TA