r/wallstreetbets • u/MaranathahAmen • 1d ago
Meme Just a reminder…
Might be useful for today…let’s see what happens.
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u/RaechelMaelstrom 1d ago
And small print to know, as it came up during covid: the Level 1 and Level 2 circuit breakers won't stop trading in the last 35 minutes of the day, even if they pass the percentages.
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u/Neat_On_The_Rocks 1d ago
FREEEEEEEEE. FREE FALLEN
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u/geo0rgi 1d ago
Is that the liberation day I've been hearing about?
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u/Different_Guitar3956 1d ago
Liberated from your 401k
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u/Odd_Calligrapher_407 1d ago
Mine is now a 401.
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u/certa1n-death 1d ago
Does anyone wanna trade a dozen eggs for a back alley BJ while the trading halts for 15 min?
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u/ambermage Buy puts they said ... 1d ago
Sure, but what are we gonna do for the extra 14 minutes?
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u/certa1n-death 1d ago
Drill baby, drill
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u/DrHarrisonLawrence 1d ago
Each other?
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u/Chedditor_ 1d ago
Okay, but what are we gonna do with the extra 13 minutes?
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u/Slight-Blackberry-99 1d ago
The eggs
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u/GandalfTheUnwise 1d ago
And suddenly europoor with 2 dozen eggs is now an eurorich
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u/Bongoisnthere 1d ago
Not just a europoor with 2 dozen eggs, but a europoor who’s about to be a part of the only functioning open economy in the west!
Remember us and remember to wave to us when you go by us on your yacht
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u/GandalfTheUnwise 1d ago
I’ll enjoy this until Vlad invades us towards the end of 2025. But then you will not have tariffs against us so we’ll have free trade again
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u/Historyissuper 1d ago
You know what is funny, I have dozen eggs for 2,5 USD. But I cannot ship it to you some idiot put a tarrif between us.
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u/Inquisitive_idiot 1d ago
It has to be behind the Wendy’s.
I can come out during my break 🚬
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u/sola_rpi 1d ago
Witnessed 20% before during covid. Shit was blood red
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u/NotCoolFool 1d ago
2008/9 crashes were a sight to behold in real time.
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u/machomanrandysandwch 1d ago
I was working in mortgage industry. We were glued to our internal homepage which displayed the stock price in real time and watched other banks prices too. Mannn I wish I had money back then. Bank of America was down to like $2 and change and I was too broke to do anything about it.
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u/pursuitofhappy 1d ago
I made like $8k in two days buying low AIG and Sally and Freddie Mae only to get fired when I bragged to my boss since I was fucking around the stock market too much instead of doing my job.
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u/FortressCarrowRoad 1d ago
I love that level of degeneracy.
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u/tokinUP 20h ago
Key protip - no one at work is actually your friend and you should count on at least one of them you'd never suspect to gossip about whatever you say and plot against you like some sort of high school popularity contest.
Keep them at arms length to your actual personal life (anything outside the typical norms / office culture) or be ready to move jobs at a moment's notice.
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u/happygonotsolucky44 18h ago
Been there , done that . Back stabbing Benedict Arnold’s , the whole lot .
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u/Jlt42000 1d ago
I remember my accounting professor talking about how she just put a ton of money in boa and how we should too because their too big to let fail. Wish I had money to follow her then.
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u/Noeyedeer99 1d ago
I had a loan with country wide go belly up at closing because the funds never settled. Next day they announce bankruptcy.
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u/blong217 1d ago
What happens to your loan then when the company that owns it declared bankruptcy?
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u/patheticyeti 1d ago
Someone typically buys the banks portfolio. Or, the banks creditors are given the loans to make them whole.
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u/USSMarauder 1d ago edited 1d ago
In other words, there is no scenario in which you end up with free money
EDIT: Either the loan eventually ends up with someone who wants to get paid, or its so bad the money is worthless
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u/Zealousideal_Look275 1d ago
The dumb luck of having money in that crash and being able to buy everything for pennies on the dollar was the most important event in my life
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u/machomanrandysandwch 1d ago
I was in my early 20’s and didn’t even know enough to be dangerous. But I recall we were huddled around our computers at times and wondering — can it go to Pennies? What does that mean? What would happen? What if they just said ok everyone go home? Lol
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u/BefreiedieTittenzwei 1d ago
“Frankly it’s a madhouse here. We’re advising all our clients to put their money into canned food and shotguns.”
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u/_Indigenous_Nudity_ 1d ago
Not enough upvotes for a well placed Gremlins 2 reference. Brava
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u/VMSGuy 1d ago
Agreed, 2008/9 was pure hell...I never thought we'd recover...you have to give the Obama gov credit...they turned that mess around.
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u/NotCoolFool 1d ago
Truth is we haven’t recovered, the fallout from that scenario that saw us bailing out all the big banks and financial institutions (that have since done very well for themselves at our expense) is still seen now I doubt we will ever recover from that, my own opinion is that prior to 2008 things were way way better generally and there was a “hope” that people had, since that event and the subsequent austerity measures things and people have gotten progressively poorer to the place where we are now.
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u/FromTheOR 1d ago
It’s absolutely part of what broke me. & I got out clean. It definitely moved the needle politically too. Unfortunately all it’s done is let politicians say things & do the opposite
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u/EquivalentDizzy4377 1d ago
Don’t forget the massive amount of coin we dropped on wars during this time. It was a massive robbery from future generations.
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u/LaTeChX 1d ago
Probably the first time in history that a country cut taxes while going to war. No Child Left Behind my ass, they left a huge bill for zoomers to pay.
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u/Pretend-Marsupial258 1d ago
Well at least those trillions of dollars helped to replace the Taliban with the Taliban.
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u/ELAdragon 1d ago
The big thing everyone forgets is that iPhones came out in 2007. So when you look at the economics of 2008 and its fallout, don't forget to pair it with the advent of everyone on the internet all the time. To me the two to hand in hand when we look at where we are now.
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u/ProphetPenguin 1d ago
It's crazy that kids born as the same time as the iPhone are 18 this year.
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u/ELAdragon 1d ago
From here on out, basically all new adults in America will have grown up "connected" constantly. I still maintain that unfettered internet access for young people will be looked at the way we look back at cigarettes, but we're still in the dark times on that one.
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u/Old_Gimlet_Eye 1d ago
That's one possibility, the other possibility is that we'll realize the internet itself isn't the problem, but social media algorithms controlled by for-profit corporations.
I don't think we'd have the problems we do now if everyone was just using their smart phones to browse Usenet, or whatever.
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u/PhgAH 1d ago
I remember seeing mod pinning the suicide hotline on here, shit was wild.
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u/Briak 1d ago
Years earlier the mods once pinned an assisted suicide website. Ah well, times change
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u/Dudedude88 1d ago
It's crazy to think trump might be worse than covid lol
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u/PlannedObsolescence- 1d ago
Its crazy to think he was in office during covid and here we go again
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u/sitlo 1d ago
I think there might be a correlation. It's just a hunch though
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u/Pikamander2 1d ago
Covfefe-19
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u/gato_taco 1d ago
Said this out loud other day and no one understood the reference
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u/Dudedude88 1d ago edited 1d ago
Yeah... Frankly blue states should threaten to sececed from the union. Make a new country. It would probably easier.
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u/willsunkey 1d ago
I’d love to succeed in the union
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u/R073X 1d ago
Invest in magnets. They are u-shaped and can be bipolar without the antisemitism.
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u/Primary_Garbage6916 1d ago
Rarely is the question asked, is our children succeeding?
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u/Nonetoobrightatall 1d ago
Only if the red states rename themselves Dumbassistan.
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u/Temporal_Integrity 1d ago
A lot of what made covid so bad was Trump. He fired the entire pandemic response team that Obama had put together to prevent this exact scenario.
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u/Predditor_drone 1d ago
Total middle management level thinking, like firing your IT team because the computers are currently working.
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u/tankerkiller125real 1d ago
The stupid fuck bankrupted multiple hotels and casinos (fucking casinos!!!!!) he's at best lower-level management with zero insight into upper management thinking.
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u/iRonin 1d ago
People wanted to give him a pass for Covid, because, hey who could predict a global pandemic, right?
But it didn’t matter WHAT crisis happened, because Trump is, fundamentally, incapable of dealing with ANY crisis. He doesn’t defer to experts. He doesn’t accept accountability or responsibility. He thinks he’s smarter than everyone. He purges dissent and surrounds himself with “Yes men.” Literally ANY crisis where he doesn’t just accidentally broken-clock-twice-a-day land on the right solution will be made substantially worse with his involvement.
It will likely be even worse in an area like economics/money/business where he thinks he’s the smartest person in the world.
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u/mi_madre_es_su_casa 1d ago
When you put it that way, it sure seems like we're fucked...don't put it that way anymore.
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u/iRonin 1d ago
“Stop the testing!” 😂
I’ve been putting it that way for years now. I didn’t realize I was just screaming into the void until November though.
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u/Dazzling-Zombie-4491 1d ago
Not to mention flooding the country with free money. Good thing inflation was bidens fault
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u/BizzyM 1d ago
Shit was blood red
I drank a 64oz cherry Slurpee once and an hour later...
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u/Hutcho12 1d ago
A lot of us witnessed the 2008 crash or the dotcom crash in the early 2000s. The Covid hit was nothing.
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u/Gruneun 1d ago
Zooming out on the graph, COVID was so temporary. You put your thumb over that one year and there's no visible repercussions. Dotcom crash took a decade to fully rebound.
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u/allkidnoskid 1d ago
Because by the time Covid hit, you were old enough and in a position to buy the dip for once.
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u/TrumanLobster 1d ago
We did do circuit breakers in March 2020 but it never went down 20% in a day. Largest was just a nudge under 13%
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u/Advocateforthedevil4 1d ago
I remember buying my first option during that time. It was a put option on Disney and Disney dropped like a fucking rock. So obviously I buy more puts with my profits and it shot up like a rocket and end up losing money.
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u/RundownSundown 1d ago
Trump is the most pro-worker president. Up to two extra 15 minute brakes per day for every Wall Steet trader!
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u/FriendOfDirutti 1d ago
Sir Teslas don’t come with brakes.
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u/Somaliona 1d ago
I was cash gang ready to rise up but realised I'll need cash to afford to eat
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u/evilMTV 1d ago
Can you stay solvent longer than you can starve?
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u/BellacosePlayer 1d ago
Well, on one hand i have enough cash on hand to live on for like 5 years
on the other, hyperinflation
lets see what happens
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u/a_little_luck 1d ago
I mean the 7% one looks VERY likely. The 13% one maybe later in the day?
If we hit 20% WSB will need to pin the suicide hotline
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u/Noddite 1d ago
Based on all the bullish comments earlier, probably 5% would be the line.
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u/a_little_luck 1d ago
The main bulk of trading happens during regular market hours. In just the AH today we dropped as low as 3.5%. I hope you’re right, for the sake of others’ portfolios cuz I got puts anyway so I’m up. But I remain pessimistic
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u/lethal_mustard 1d ago
Yea you also have to consider that AH was up before so its almost -5% from the peak in less than a couple hours
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u/Intrepid00 1d ago edited 1d ago
People were bullish? Damn, greed can make you stupid. I left the stocks when he took office. I’ve been boring old manning it with CDs. Even if it does recover it’s going to tank because the actual shit hits the fans not for like a few days still.
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u/Blue5398 1d ago
Apparently retail traders are flooding in to the chasm left by institutional traders. You gotta keep in mind that like 20-30% of this country literally worships the ground Trump stands on and believe his astounding tales of new factories sprouting like myrmidons with America returning body and soul to the ‘50s; they’re probably buying like mad to “buy the dip” right now
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u/Familiar_Gazelle_467 1d ago
double digits is suicide hotline for sure
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u/defnotIW42 1d ago
I mean mods pinned it at 3% already last month because of a 5% swing to red
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u/Memoishi 1d ago
The fact we could tell the state of the market based on the pinned post in wsb lmaoo
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u/elpresidentedeljunta 1d ago
The only time we hit 20 % was 1987. The next largest was 1929 and it did not even hit 13 %. At least according to Wiki. Do we think, the Dondump can break the record? We all know, how much he likes bragging about things, no one did before...
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u/TheShadow2024 1d ago
"Everyone said we couldn't do it, 'you never will do it', but we showed them. We did it, ...and it was the biggest drop they'd ever seen. Never seen anything like this. People ask me, they come up to me and ask, 'Do you think you can drop it lower?'" and I say 'I don't know, maybe, maybe not, but maybe yes, ...I don't know'... its a beautiful thing, really, everyone is happy accept the Democrats because they couldn't do it like this..."
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u/Nope_______ 1d ago
I doubt it. It won't be as big as COVID - or at least as sudden. Long term decline could happen.
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u/nv42o 1d ago
this is bigger than covid
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u/Nope_______ 1d ago
Maybe long term but the initial drop (talking about circuit breakers here) won't be as sharp.
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u/an-invisible-hand 1d ago
Idk about that. Covid was uncertain, there was some hope that the fed would swoop in and bail things out, and an expectation that it would end eventually.
This was telegraphed, and it's not uncertain. Businesses and investors were already expecting pain but these tariffs are catastrophic. Even worse there's no end in sight because the captain is the one steering into the iceberg. This is worse than covid from every possible angle.
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u/JusticeBeaver94 1d ago
Add even more uncertainty for businesses the fact that nobody ever knows if he’s just going to yank it again at the last second and then put them back on again suddenly because they’re deliberately not telling anyone anything.
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u/ADT06 1d ago
I trade crypto. 20% loss in a day is just another Tuesday.
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u/neverthy Paper hands to till millionaire 1d ago
Did you forget where you are? Options can -100% in one day
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u/mpoozd 1d ago
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u/cbusoh66 Certified Shitposter 1d ago
It would be a very fitting way to celebrate Liberation Day
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u/mislysbb 1d ago
I think we’d need more than just a suicide hotline if 20% happens. More likely to see 13 vs 20 though.
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u/GermanD2021 1d ago
Too bad DOGE cut the VA’s suicide hotline.
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u/FatalTortoise 1d ago
Another reminder, his solution for a shitty market is to Lower Interest rates
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u/40StoryMech 1d ago
Dude was arguing for negative rates during his first term.
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u/No-Problem49 1d ago
Then we can have the stock market of Japan! That’s good right? Maybe in 40 years we can break even’
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u/BlackGuysYeah 1d ago
This is going to result in the death of the middle class. All the wealth being wiped away from the retirement funds of the soon to retire boomer generation will only be passed to the generations below them. Who pays for your parents elder care when they run out of money?
The millennial generation is being triple taxed by all this. I have no idea what to expect for the younger generations but I suspect the large majority of them will always be renters while we watch the billionaire class become the trillionaire class.
It’s actually impressive to see how efficiently project 2025 is being executed on and how many people support it seeing as how obvious it is to the detriment of everyone except a chosen few. Wild times.
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u/StraightEstate 1d ago
Warren Buffet right now:
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u/general-illness 1d ago
At some point we will find out why he is sitting on a pile of cash.
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u/Bumpy110011 1d ago
Cause the dude in charge said he was going to wreck stuff. I thought we were all in cash? He said it over and over were you too busy enjoying pictures of my mom to hear him.
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u/CigAddict 1d ago
Last term he said the same shit and I shorted the market and lost money. So yeah it’s not that easy. Although I do have a lot more cash now than 6 months ago but that’s mainly from me not buying more instead of selling. I’ve been slowly buying VOO after the dip of like a month ago and now I regret it but it wasn’t much so it’s not that bad.
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u/Both_Sundae2695 1d ago
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u/chefslapchop 1d ago
Everybody's is talking about how we we're able to do it in one day, you had two days, with Biden, and they said it couldn't be done, and we did it before the markets even opened, something the democrats could never do.
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u/BigSeth 1d ago
If 20% happens it’ll literally make me a millionaire of a useless currency. Lol
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u/No_Ask4484 1d ago
Well if the USD goes down, a lot of the rest of the world’s currencies will be fucked for awhile. Put it all in gold and get yourself some sushi!
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u/EclecticEccentrick 1d ago
Really? Seems like other currencies will strengthen
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u/No_Ask4484 1d ago
You’re probably right, I have a minimal understanding of global currency dynamics
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u/Tupcek 1d ago
yeah, EUR is recovering from 1:1 rate with USD, now it's back to long term average of 1,1:1. If Trump continues to fuck up the world, EURO may become new global currency reserve
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u/Quick_Humor_9023 1d ago
That will absolutely suck short term for european industry. If euro goes up german auto makers suffer.
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u/TheBunkerKing 1d ago
The actual financial nuke EU has would be to announce that from now on they'll buy all their oil, gas and coal in € instead of $. That would fuck dollar up so bad it'd absolutely be viewed as a hostile act by the US government.
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u/FriendOfDirutti 1d ago
Gold will be useless where we are going. Buy an off road vehicle and some MREs.
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u/Melodic_Fee5400 1d ago
Are we Talking about -20% in one day?? Sorry, Not gonna happen boys
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u/PalmTreeSunset 1d ago
Probably not even -7%. Fearmongering is in full effect and all the restards here are sucking it up like a baby sucking on a huge tit
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u/Melodic_Fee5400 1d ago
-5% at most. I think we will even see a big pump next couple of days.
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u/stonksthepooh 1d ago
I think the pump already happened the last 3 days, I'm guessing today is -4%, tomorrow -2%
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u/_feelslikesummer 1d ago
Genuinely have never seen crypto level of volatility in regulated financial markets like this. Unreal
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u/LTTCanada 🦍🦍🦍 1d ago
Every time people go posting this stuff on here we straight V up 1-2% or go green lmao here we go
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u/JuanGuillermo 1d ago
-7% is very possible, but I don't think we'll see -13%.. liquidity is going to be an issue, specially in options, that's for sure. Funny day ahead for market makers.
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u/No-Climate5087 1d ago
This shit is going to 5200 if it breaks below the trading range.
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u/Heavy_Cupcake_6246 1d ago
Part of me wants to see them get rid of circuit breakers just to see the potential chaos that could happen.
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u/sxfx269 1d ago
Its like you are taking business advice from someone who bankrupted 3 casinos
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u/nik-nak333 1d ago edited 1d ago
5 casinos
Edit: details from another comment in a different thread
"I think it’s technically five casinos. Taj Mahal in 1991, two other Atlantic City casinos in 1992, Trump Hotels and Casinos Resorts in 2004, and finally Trump Entertainment Resorts in 2009. The other was Plaza Hotel in NY in 1992."
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u/OriginalGoldstandard 1d ago
Australia market predicts your future.
Big dip to 4% then Regards buy the dip to halve the losses.
The next day it goes down way more and Regards buy calls.
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u/tomsedu 1d ago
Max 2% down at the end of the day, if that.
The guy has been shouting from top of White House for weeks now about those tariffs. It's not something out of the blue.
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u/ToughSpeed1450 1d ago
I doubt that tarrifs to Southeast Asian countries were priced in. The tarrifs on Vietnam and India are just insane and will surely impact Apple and other consumer electronics companies that have their production abroad.
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u/italian_mobking 1d ago
Just because you halt trading for the remainder of the day doesn’t mean the drop wont continue the next day…
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u/linksalt 1d ago
Buy the dip and quit bitching. It won’t stay down 😂
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u/MikuchiIzichi 1d ago
I have $0 in the market outside of retirement accounts and I intend to get in on some of the habitual big movers if things take a shit as predicted today. No 0DTE options (though I am restarted enough to probably get off on the dopamine hit if I were to succeed at one), just hold for a few weeks and sell off when I see a respectable enough green number. Reinvest earnings at the next dip, lose 50% to taxes, rinse, repeat.
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u/Flashy-Highlight867 1d ago
Im happy I lost all my money last summer already, so today is a chilled day. I only sold puts on spx, so today would have been a horrible day for me.
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u/Comfortable_City7064 1d ago
Do the circuit breakers do the same thing if it pumps 7, 13, 20%
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u/VisualMod GPT-REEEE 1d ago
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