Stock Markets Crash Today!!!

Fear mongering is so destructive. "1929 all over again" ??? Have you actually studied what happened in '29 and what a crash of that magnitude involves as far as loss percentages? A tech sell-off does not qualify and they are quite common. And are you aware that your political statement will most likely get your thread closed?
 
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CallMeKate said:
Fear mongering is so destructive. "1929 all over again" ??? Have you actually studied what happened in '29 and what a crash of that magnitude involves as far as loss percentages? A tech sell-off does not qualify and they are quite common. And are you aware that your political statement will most likely get your thread closed?
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Oh, that's just Mitch doing another not so humble brag about all his $$. Amazon dropped about 8% today. You can do the math to determine what his Amazon holdings are. The DOW is down approx 0.7% - statistical flutter.

Have a great day!
 

Mitch86 said:
The US stock markets crashed today, 2/5/2026. I lost $ 108,000 in my Amazon holdings. It's 1929 all over again. Thank you very much, President Trump!

I notice that the apparent reason is the surge of Artificial Intelligence uses in industry which could cause massive unemployment.
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Just give it time, Mitch.

The president has nothing to do with Amazon going with automation, but in doing so, Amazon expects a huge increase in speed and efficiency, and therefor, sales.

That dip might have something to do with shipping delays due to military activity. I'm going to look into that in a bit.

In any case, I'm sure the dip is temporary.
 
At the close I lost $ 400,000 today! I see another Great Depression in the wind. Trump is duplicating what Herbert Hoover did in 1929. I also blame Artificial Intelligence for having the potential to destroy MILLIONS of jobs worldwide. Unemployment could get disastrous. Most folks, who depend on salaries will be economically DESTROYED!

I can see breadlines all over the planet. As people start to starve, another round of extremism could overtake our world similar to Communism and Nazism which exploded in the world depression of the 1930's.
 
You don't lose it, unless you sell when it's low. Maybe a good time to buy. I have a feeling it "might" bounce back.
Although Amazon's greatest growth probably came during the Covid crisis.

Lions and tigers and bears... oh my! Or perhaps in this case it should be Bears and bulls... oh my! Sometimes you have to laugh so you don't cry. šŸ˜
 
Murrmurr said:
Just give it time, Mitch.

The president has nothing to do with Amazon going with automation, but in doing so, Amazon expects a huge increase in speed and efficiency, and therefor, sales.

That dip might have something to do with shipping delays due to military activity. I'm going to look into that in a bit.

In any case, I'm sure the dip is temporary.
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The recent weather had many orders delayed for days to weeks also in every online order company. I have one package I have out that
was stuck (I had to laugh at where it was stuck for days) Missouri, Texas. I live in the State of Missouri, ironic! I really thought I had been scammed and emailed the company when I saw it stuck in Texas for nearly 2 weeks. They explained why and now send me daily updates.
 
IrishEyes said:
The recent weather had many orders delayed for days to weeks also in every online order company. I have one package I have out that
was stuck (I had to laugh at where it was stuck for days) Missouri, Texas. I live in the State of Missouri, ironic! I really thought I had been scammed and emailed the company when I saw it stuck in Texas for nearly 2 weeks. They explained why and now send me daily updates.
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Good point.

My thinking was that anytime there's significant military activity, especially when a top-trade country is involved, the market goes a little crazy for a while.
 
Mitch86 said:
At the close I lost $ 400,000 today! I see another Great Depression in the wind. Trump is duplicating what Herbert Hoover did in 1929. I also blame Artificial Intelligence for having the potential to destroy MILLIONS of jobs worldwide. Unemployment could get disastrous. Most folks, who depend on salaries will be economically DESTROYED!

I can see breadlines all over the planet. As people start to starve, another round of extremism could overtake our world similar to Communism and Nazism which exploded in the world depression of the 1930's.
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Mitch I am impressed with your wealth! Congratulations! If you lost $108,000 in Apple stock alone that means you had a position worth approximately $2,443,000 value at start of day. Apple was down 4.42% today.

If at close you lost $400,000 total, that means an additional loss of $292,000 in your remaining investments. Assuming your assets beyond your Apple stock is all invested in something similar to the SP500, that calculates out to approximately another $27,037,000 invested at start of day. SP500 was down 1.08% today.

With a net worth approaching $30,000,000 you have won the game. Most people with that kind of assets would not be entirely in the market. You have some big cahones. I tip my hat to your success.

I don't have near as much invested as you and I am only about 60/40 stocks/bonds but I will sleep fine tonite.
 

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