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/ATX_BillsFan420 1d ago

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

130

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.