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15

Whoever is responsible for the 1000+ point Nasdaq stock crash, good job.

submitted by prototype to whatever 10 monthsAug 5, 2024 14:33:17 ago (+15/-0)     (whatever)



10 comments block

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[ - ] big_fat_dangus 1 point 10 monthsAug 5, 2024 16:41:38 ago (+1/-0)

what is a correction

Surely it was some schizo in his mom's basement and not the tech bubble, banks going underwater due to bad commercial real estate holdings, Nvidia's chip scandal, etc.

[ - ] prototype [op] 0 points 10 monthsAug 5, 2024 18:35:44 ago (+0/-0)

Surely it was some schizo in his mom's basement and not the tech bubble

thats the joke.

[ - ] big_fat_dangus 1 point 10 monthsAug 5, 2024 18:55:03 ago (+1/-0)

Yeah bud, I'm aware. That's why I made a joke about the joke. You autismos need to pipe down.

[ - ] RobertJHarsh 1 point 10 monthsAug 5, 2024 16:48:52 ago (+1/-0)

I have a confession to make. It WASN'T me. All evidence points to some greedy kike.

[ - ] prototype [op] 0 points 10 monthsAug 5, 2024 18:34:54 ago (+0/-0)

I have a confession to make. It WASN'T me.

A likely story.

[ - ] RobertJHarsh 0 points 10 monthsAug 5, 2024 21:13:56 ago (+0/-0)

A goy like me having the ability to drop the market a 1000 points?!?!? I wish!

[ - ] Version6 1 point 10 monthsAug 5, 2024 18:14:35 ago (+1/-0)

Boj

[ - ] prototype [op] 0 points 10 monthsAug 5, 2024 18:35:26 ago (+0/-0)

Boj

I figured but I couldn't resist the implied self-depreciation.

[ - ] HeyJames 5 points 10 monthsAug 5, 2024 15:49:54 ago (+5/-0)

Some jew who pressed some buttons

[ - ] Osmanthus 5 points 10 monthsAug 5, 2024 16:52:37 ago (+5/-0)

It's the Japanese government that triggered it.
They made a rate hike in order to stabilize the Yen vs Dollar.

Why does this affect US stock market? Because day traders have been taking loans in Japanese yen at low interest, and the converting to dollars and gambling in the stock market. The rate hike means they have to cash in stocks to pay new rate, thus stock price plummet as demand goes down and supply goes up.
Possibly cause of bitcoin crash too.