Stock Markets Crash Today!!!

Mitch86

Mitch86

Senior Member
Location
Connecticut, USA
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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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.
 
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