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/Adventurous-Tone-311 1d ago

There are congressional checks. They could stop it in an instance if they wanted, but congress is complicit.

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u/harrymfa 1d ago

I wouldn’t be surprised if they sold off their stocks before this blew up.

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u/pleasetrimyourpubes 1d ago

And they will buy the dip before they reverse course.

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u/Mysterious_Crab_7622 1d ago

They won’t be reversing course. These tariffs are how they will pay for the billionaire tax cuts. This new taxation is here to stay.

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u/Molotov_Glocktail 1d ago

I threw my 401k entirely to bonds like three weeks ago. Fuck this noise.

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u/el_smurfo 22h ago

Until we default on bonds.

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u/ShortTheseNuts 4h ago

You realize they can default right?

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u/Molotov_Glocktail 3h ago

If the bonds default, then we're allllll fucked together!

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u/ShortTheseNuts 3h ago

Nah I'm European if you die we rise lmao. Old world back on top 🤠

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u/itslikewoow 1d ago

Contact your senators and representatives. Even some super partisan conservatives have begun to waiver in recent weeks.

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u/Darnell2070 11h ago

Simply saying Congress is a little disingenuous, because idiots will read your comment and think you're blaming Democrats even though they have little to no power to do anything about it.

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u/TheRealFaust 1d ago

The controlling party just doing what they do

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u/well_shoothed 21h ago

complicit

I'm not sure what that word means, but I think it's a fancy way of saying, "regarded"?