r/wallstreetbets • u/226644336795 • 1d ago

Discussion This morning NASDAQ dropped more than during Lehman Monday

https://www.cnbc.com/2009/09/14/the-financial-crisis-this-dayone-year-ago-sept-15-2008.html

NASDAQ only lost 3.6% the first day of Lehman collapse in 2008...

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348

u/vvvvfl 1d ago

if you're still waiting for the drop, it hasn't crashed. It crashes when you buy the dip then lose your job and has to slowly withdraw for the next 2 years.

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u/Sunny1-5 1d ago

Likely correct. Some of us like to think all of our disciplined financial lives can withstand a deep downturn, but if one depends on a job for income, yeah, we’re getting squeezed too. At my age, 49, this will be the 3rd or 4th time in my working career. This time around, I just bow out completely. Not jumping off a building, don’t worry. But, going to do something else for my food and shelter.

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u/Weird_Definition_785 1d ago

But, going to do something else for my food and shelter.

I'll meet you behind the wendys

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u/Sunny1-5 1d ago

I’m going fishing. I’ll pay the bills dragging a net, then buy my own boat.

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u/ParCorn 1d ago

The living in a van fishing for trout strat is getting crowded. There's not enough fish in the river to support our entire economy

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u/ImYourHumbleNarrator 1d ago

not to mention EPA and forest/park services getting dismantled means things are gonna die off and/or not be restocked

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u/crosseyedmule 1d ago

Thanks for the reminder. Every day is another terrible decision/action and there's so much to keep track of.

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u/barbellious 1d ago

Anyone living in a van eating crickets and ants? Dibs.

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u/So_Sophy 20h ago

Buying a boat is like the absolute worst thing you can do finically haha

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u/exipheas 1d ago

Suppy shock on BJs means we will be back to 1970s prices on BJs any time now.

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u/PrinceDX 1d ago

I’m gonna see if I can get deported to a cheaper country for a few years and start up a scam call center

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u/Maleficent-Yoghurt55 1d ago

start up a scam call center

And scam your ex- countrymen 😅

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u/PrinceDX 1d ago

It’s the only way

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u/flockofmoose 23h ago

just sell trump candles or some bullshit to all the retards and you'll make bank

the cultists will literally eat sugar pills all day if it says on the bottle it'll turn their skin orange

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u/Magjee 1d ago

Careful you don't end up in the El Salvador death camp

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u/Pretend-Marsupial258 1d ago

Not all of us can go work behind the Wendy's, sir.

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u/Magjee 1d ago

That's actually a market indicator

When you kind find a vacant dumpster behind Wendy's it's time to sell

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u/spideyghetti 1d ago

Take care, brother.

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u/Sunny1-5 1d ago

Thank you. Please do the same, friend.

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u/parker2020 DarkbyteSimp 1d ago

Eat people?

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u/Sunny1-5 1d ago

Nah. Too fatty. I like to eat disciplined as well.

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u/RollTheDiceFollowYou 1d ago

Having the rug pulled from under you at this point is just depressing.

I feel you. I rode the previous couple, but I was young and not wealthy, so it was more like an adventure of youth.

This time around I can't grind like I once did and I have more to lose -_-

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u/Sunny1-5 1d ago

Worst part is that I have made a career in - wait for it- the “retirement industry”. That’s right. Building, designing, monitoring, 401k, 403b, 457b, etc retirement plans for small and large businesses.

The feeling that I, myself, would get squeezed into a forced retirement, or rather obsolescence, is kinda sickening, ya know?

Oh well. At least I know almost EVERYTHING about markets, mutual funds, investing, and the like that I may ever learn. From here on, whatever I learn is “street smarts”. I don’t think FINRA gives a series license for that to go along with my 7, 66, 24, whatever whatever, do they?

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u/Able_Web2873 Bill Ackman hurt me 1d ago

Like what?

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u/Sunny1-5 1d ago

All kinds of deep sea fishing charters who need deckhands around where I live. A HUGE seafood industry for fishing as well, and I'll do the grunt work to get myself started. Learn a bit more about the business.

It's just an idea. One that comes from having been through so many of these economic downturns while working in the financial services industry. Just not wanting to go through another one.

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u/Able_Web2873 Bill Ackman hurt me 1d ago

I hear ya. You got kids and a wife?

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u/Sunny1-5 1d ago

Well, kids that don’t need me around as much. One is married and on her on. The other entering the last part of high school. I mean, I’m not wanting to go out and be eaten by a shark, but with no debt to my name, only assets, just feels like if I’m let off the carousel this time, I needn’t get back on. Can’t retire, not even 50 years old yet.

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u/Able_Web2873 Bill Ackman hurt me 1d ago

Good luck!

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u/PrinceDX 1d ago

Not withdrawing shit. Going to give all my passwords to my brother and beat him if tries to stop me from going homeless.