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.
 
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. 😏
 
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.
 
Tom52 said:
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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I hope you and Mitch can get a good night’s sleep tonight. Because if you hadn’t sold your stocks just because of the drop, you wouldn’t have any losses, stocks are always going up and down anyway.
 
I thought at first Amazon hadn't dropped too bad because at close of market it was down about 4 and a half percent, but I see that in after hours trading it has dropped another 11 and a half percent, so dropping 16% is quite shocking. If you ignore the temporary bigger drop last April (when tariffs were announced), it hasn't been this low since November of 2024.

I wonder if this is a good opportunity to buy?
 
HoneyNut said:
I thought at first Amazon hadn't dropped too bad because at close of market it was down about 4 and a half percent, but I see that in after hours trading it has dropped another 11 and a half percent, so dropping 16% is quite shocking. If you ignore the temporary bigger drop last April (when tariffs were announced), it hasn't been this low since November of 2024.

I wonder if this is a good opportunity to buy?
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Most people try to buy when a stock seems to hit the bottom after a drop, but we never really know if it could fall even further. The stock market is unpredictable.

Once you buy, you need to be prepared for it to keep dropping and set your own mental limits, for example, deciding in advance that you’ll sell if it falls 10%.

Honestly, I’d recommend talking to your stock advisor, they’re more trustworthy than any of us “experts” giving advice online. 😂
 
Ups and downs of 600 points on the Dow are not uncommon these days. When that happens the headlines usually give an explanation, not because they have one, but because they need one. But that's my opinion. Yet big crashes can and will happen from time to time. Is this one of them? I don't have the slightest clue, other than I've been worried about the economy. The reason for that is because I always worry about the economy.
 
josephine said:
I hope you and Mitch can get a good night’s sleep tonight. Because if you hadn’t sold your stocks just because of the drop, you wouldn’t have any losses, stocks are always going up and down anyway.
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I haven't sold anything and don't plan to. I do not foresee market doom and gloom on the horizon. At my age I don't keep near all my eggs in one basket so I don't have problems sleeping nights.

No idea what Mitch plans to do or how well he sleeps.
 
There has been talk of a market drop for some time due to possibly overvalued tech and, specifically, AI. I've never been tech-heavy in my holdings, nor was my father in 1999 when the Dot.com bubble burst. I don't chase fads or unknowns. I tend to go for good ole' solid industries that people will always rely on. If tech makes some people rich, good for them. Slow and steady has always won the race for me.

And -592 in the Dow is hardly a crash when the Dow is at 48,908. If it were 10,000 as it was in 2010, I would be concerned. -592 is hardly a blip compared to almost -1000 points in March 2025, and it has steadily been going back up since then.
 

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