You gotta admit, it's kinda funny that we over here at /v/Conspiracy have known about the impending market crash for months, but the sheeple are just now walking up to the situation. "Everything is Awesome!" propaganda? Or mass delusional wishful thinking? Perhaps a bit of both.
Ah yes, the "business cycle." A term invented by economists to explain away the fact that the Federal Reserve has the power to expand or contract the money supply of the US at its whim. The US is so fucked.
Friday is always a slow newsday. Anchors want to pre record and get out of the office early. The B team comes in for the weekend and recycles the weeks news. After the DOW gets murdered on Monday morning it will be all over the news. Then the market will rally back before Friday.
Drenki ago
Yeah, the idiots were on NPR this morning trying to play things down.
Dysnomia ago
Yay!
mHtt ago
I like how at the end of the piece the expert clenches his jaw and breaks eye contact when he says everythings going to be fine...
damn
KoKansei ago
"Expert"
KoKansei ago
Said Mr. Tanaka about his Nikkei bluechip portfolio in December 1989.
KoKansei ago
Shemitah.
whynotanon1 ago
http://s3.amazonaws.com/armstrongeconomics-wp/2014/04/1998-Forecast.jpg
https://www.youtube.com/watch?v=Gs069dndIYk
pray_the_gay_away ago
You gotta admit, it's kinda funny that we over here at /v/Conspiracy have known about the impending market crash for months, but the sheeple are just now walking up to the situation. "Everything is Awesome!" propaganda? Or mass delusional wishful thinking? Perhaps a bit of both.
Kal ago
Markets fluctuate all the time! Put your tin foil hat back on nutter!
pray_the_gay_away ago
Well, when you finally pull your head out of the sand, may I recommend some ETFs to help you broadly short the market?
SQQQ, SDS, TWM, DXD, and maybe even VXX
Kal ago
It was a sarcastic comment that I probably shouldn't have bothered to type out.
pray_the_gay_away ago
i know. I just wanted to put my stock picks in writing so I can claim to be the Warren Buffet of voat.
DarkNoobz ago
the sky is falling!
deerhoof_fan ago
Ah yes, the "business cycle." A term invented by economists to explain away the fact that the Federal Reserve has the power to expand or contract the money supply of the US at its whim. The US is so fucked.
Drenki ago
Was it just me, or was this drop not widely reported? I mean, it's a huge drop and even on Voat there was hardly any information.
whynotanon1 ago
Friday is always a slow newsday. Anchors want to pre record and get out of the office early. The B team comes in for the weekend and recycles the weeks news. After the DOW gets murdered on Monday morning it will be all over the news. Then the market will rally back before Friday.
Empire_of_the_mind ago
This is especially true in August.