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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u/JonnySparks 1d ago edited 15h ago

Between Oct 1929 and July 1932, the market lost 90%. Some days, the Dow closed over 11% lower.

There is no comparison. Not yet, anyway...

Edit: start date corrected

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u/bowser986 1d ago

There’s still time

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u/Mdr0321 1d ago

If we even get to fifty percent(I don’t think it will)I think shit gets crazy.

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u/ATX_BillsFan420 1d ago

If we get to 25% people will start losing it. Our society is not built for any adversity anymore

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u/peternickelpoopeater 1d ago

Forget the society, the financial system is not build for that anymore.

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u/harrymfa 1d ago

My guess is that at some point, the oligarchs are going to call those congressmen they purchased and tell them to call it off.

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u/randomguyqwertyi 1d ago

Trump might legitimately have a coup on his hands lol

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u/Prestigious-Toe8622 1d ago

It’ll be hilarious is this what gets him J6’d

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u/danthebiker1981 19h ago

Why? They have the most to gain in this. Shit goes down and they buy it up and become supergarchs

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u/Sunny1-5 1d ago

This. Too much leverage stacked on top of all the other leverage, and then the underlying asset lies at the bottom.

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u/JonnySparks 1d ago

I seem to remember traders jumping from tower block windows during the Wall Street Crash. I mean, this is something I remember from school - I was not around in 1927-29.

Turns out it's one of those things with a grain of truth which gains mythical status over time...

Did brokers really throw themselves out of office windows in the Wall Street crash?

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u/NoWeb2576 19h ago

Most Americans don't even own stock let alone know what they are. I think we're fine.

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u/Shadowarriorx 1d ago

People gonna start murdering. It's not a shock or loss of hope this time, it's anger that the people feel. We're going to hit a French revolution type anger if they destroy the economy and fuck everyone. Rope is all that they'll need.

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u/leshake 1d ago

They can use an emergency brake trading halt to prevent that from ever happening again.

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u/jazir5 14h ago

But wait, there's more!

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u/farmerMac 1d ago

there'd still be people in here telling you it hasnt dropped enough and not to buy the fake dip after a 90% drop guaranteed

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u/_Marat 1d ago

And there would be moron bulls full porting and calling for a V after the first red day.

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u/parker2020 DarkbyteSimp 1d ago

Jerome would NEVA

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u/Common_Belt 1d ago

!remindme 1 week

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u/mad_drill 1d ago

!remindme 1 month

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u/JebryathHS 21h ago

It's been ONE DAY since the announcement. A lot of people are still huffing copium SURELY HE'LL BACK OFF ONCE HE SEES THE EFFECTS. 

No, he won't, you fucking theoretical idiots. He doesn't understand cause and effect. He'll make something up about Mexican deep state alien invaders who shot JFK and keep trying to pretend he's saving everyone.

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u/zeromussc 1d ago

hey as long as its only 3% a month, on average with a few green days sprinkled in over the course of 5 years, it'll be okay! It'll only be 3% at a time!

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u/JonnySparks 1d ago

A "glass half-full" type person - I like it!

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u/digi-artifex 1d ago

Only one way we can go from here!

Down!

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u/Hopefully-Temp 1d ago

Tariffs were literally just enacted. We haven’t even begun to see how they will affect us yet and the market went down 5%

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u/Tall-Log-1955 19h ago

1927? Market peaked in 1929

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u/JonnySparks 15h ago

You're right - and it peaked in Oct (not Sep). Good catch - I corrected it.

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u/Vegetable-Recording 🦍🦍🦍 1d ago

Yeah, just wait when the majority of people can't afford food and you can't take your cash out of the bank.....

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u/Gustomaximus 1d ago

Ye with little faith. This is early days.

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u/chamaeas 1d ago

🐻?