The Dow is now down almost -6,000 points in 3 trading days.
— The Kobeissi Letter (@KobeissiLetter) April 6, 2025
This is beyond panic selling. pic.twitter.com/Pj6sdSuOq0
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No panic here…been out of STAWAKS, debt, and into all forms of PREP since Obama…the ABC Cut OUT was re-selected.
Don’t Forget 2008: From September 29-December 1. In four single days market lost 36%. Between 2007 and 2009, U.S. households lost over $16 trillion in net worth, the value of the stock market fell by half, and unemployment reached 10% as the crisis turned into the Great Recession. 6,000 is bad but still not 47% like 2008.
Vanguard and BlackRock are the one to watch on Monday, they begging their clients to not panic and sell off, which some will do and have been doing. Monday/Tuesday great day to buy Silver, should pullback to around $28-26 or less. Gold still has room to decline, before buying.
Biggest Fault People will Panic Sell and Lose their gains and principal cash…..
MONDAY IS GOING TO BE PANIC DAY!!
This is a buying opportunity for those who can ride out the dip….
60% of the nation aren’t going to be buyers at this point. If this is the start of the correction the count will be more like 1&
that’s 1%, can’t edit the comment.
expect another 20=30K drop if this is the predicted correction
Ahhhhh, the sweet smell of fear as the rentier class get hammered. It’s well past time the Wall Street crowd feels some of what main street has had to deal with for years.
More like the Company Retirement Funds, the School Funds and other pension funds that are all heavily invested in the stock market.
Remember that bit of legal boilerplate in your fund and retirement plans “Past performance doesn’t guarantee future returns”?
I’d bet Mr. Buffet already closed out all his options and risky stocks.
Historically the smart money knew about this and sold long before the Retail Bag Holders found out.
I’ve been through the 2007-2009 great recession. Thats why over 20% of my net worth is in physical PM.
Word. My wife and I took a $8K hit on our brokerage account. Cashed out the remainder, paid the taxes on it and put the little left over into tangibles. Once burned, twice shy. I believe it was Groucho Marx who once referred to the stock market as a “Big Casino”.
Conservativetreehouse.com
Don’t get your pants wet, the WW Global may be over next week. 50 countries revising their tariffs down or out on the US.
DJIA look at historic 5y 8y 10y.this is nothing more than dump of the pump. Remember fuckers on Wallstreet, jump jump jump…
A buying opportunity is on the horizon. Watch Warren Buffet. He’s sitting on a ton of cash for a reason. Or maybe it’s not the horizon, it’s the edge of the cliff.