Current forecast is DOW will open 260 points up, I hope that holds. A recession is no fun for anyone.
A market correction is not necessarily having an impact on the “real” economy. Unless you have lots of idiots overinvested based on borrowed cash.
It is an effect not a cause.
Martonomics.
Nikkei closed 10% up today, investors need strong nerves.
The title of this thread is somewhat misleading. Not really a crash with the rebound one day later, especially in these days of instant interventional ‘fixes.’ One time, they’ll do that too often. Then you will see a real crash.
Might certainly be the beginning of a downturn though. But also might not be.
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Spoken like a real econamist!
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Well you know what they say: experts have successfully predicted 15 of the last 4 stock market crashes.
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As long as people believe the Fed can fix this mess, people will be buying stocks.
But it’s really not more of a market than the Swiss basic health insurance “market”. Hasn’t been since a long time.
But people like the illusion. Just like in The Matrix, where Cipher knew that the steak didn’t really exist…
At some point, something has to give. And BRK probably knows that this “something” is coming closer (or how close it actually is).
The Dow Jones index is back where it was when this thread was started.
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My portfolio of Swiss shares (quite modest) has now backed to pre-correction value and then some.
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