Stock Markets Crash Today!!!

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.

I notice that the apparent reason is the surge of Artificial Intelligence uses in industry which could cause massive unemployment.
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but AI stocks also went down significantly. What's your explanation for that?🤔
 

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 believe he is 90+ years old and complains about his constant body aches, and finds relief in video games. The good thing is that, his fortune can sure provide him a good nursing care.
 
OldOld said:
I believe he is 90+ years old and complains about his constant body aches, and finds relief in video games. The good thing is that, his fortune can sure provide him a good nursing care.
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Yes. At best in Thailand with a young and s.xy nurse 🤣 . I'd do it in an instant if I couldn't care for myself anymore.
 
Decades ago, I was a stockbroker for a (then) major brokerage firm. I remember when the DJIA was UP to 800. The "experts" were predicting it would pass 1000. We all laughed.

I also remember the Crash of '87.

Look where we are now.

I sold out of stocks some years back. Have I missed out on this huge run up? Yep. But I have enough. Anyone who has assets way over $1M truly doesn't have much to worry about unless selling their jet or 80 ft yacht is a life-changing event.
 
GoodEnuff said:
Decades ago, I was a stockbroker for a (then) major brokerage firm. I remember when the DJIA was UP to 800. The "experts" were predicting it would pass 1000. We all laughed.
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I first started noticing the stock market during the 1970s. It was languishing between 600 and 700 for years as the Fed battled the raging inflation that makes today's inflation seem like a mere inconvenience. I did well in a money market as interest rates were generous. I had a subscription to Baron's Weekly, where they would always come up with insights from one or another prognosticator. They all averaged about 50% accuracy as they predicted a 50 points change, either up or down during the stagnation.

I never forgot one week when Baron's headlined "Wall Street's Super Bull" who predicted a stock market swing to 1200 points that would double the value of the Dow that was coming soon. And to underscore how much of a wacko he was, they emphasized that every day he rode his Harley Davidson motorcycle to work. He wasn't someone who's name I remembered. I don't think he ever made another prediction that I recall. But he nailed it that year when the Dow doubled in value, and it didn't stop at 1200. It zoomed past that without a backward glance, and settled somewhere above 2000, and has been more or less going up ever since.

The predicted 600 point increase doubled the Dow. Now that was something back then, but 600 points today is not that exciting.
 
I know very well that it could be totally different at the end of trading... but at this very moment, the market is higher than the 52-week high. (but fluctuating by the minute around that point.) This is why fear mongering and panic cries of "crash, crash, beware!" is so upsetting.
 
George1959 said:
Yes. At best in Thailand with a young and s.xy nurse 🤣 . I'd do it in an instant if I couldn't care for myself anymore.
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A friend of mine in his late 60’s did that. Now at 80 he has a 10 year old to care for. Be careful what you ask for, you might get the full package.

What this has to do with the stock market is beyond me. The main thing is that this guy has money so he can pay for daycare while he rests at home and his young wife works her job. Otherwise he would be an 80 year old chasing a 10 year old around.
 
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"...I sold out of stocks some years back. Have I missed out on this huge run up? Yep. But I have enough....".

I'm with you. Wife and I invested for 40+ years but went to bonds some years ago and missed the huge run up like yourself but are in very good financial shape. I don't trust markets that I consider way overvalued and too many investors full of 'irrational exuberance'. I may be wrong, but don't have to be concerned.
 
CallMeKate said:
the climb is impressive and it's going crazy today. Hope Mitch didn't panic-sell yesterday.
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A person wouldn't even have to panic sell, just have a normal capital-protecting standing stop loss order, tho I guess those don't get triggered in after hours trading and that is where Amazon prices dropped hugely.

I don't buy individual stocks (except Berkshire Hathaway) but the Amazon drop pulled the Info Tech index down to a level that I found attractive last night, so I'd bought three whole shares of info tech index in after-hours-trading, and I am now richer (on paper) by 28 dollars! woo hoo, party at my place!
 
Aunt Bea said:
The things that are happening in this current administration are totally different than anything I’ve ever experienced.

I’ve enjoyed the run up but I’m absolutely certain that at some point we’ll give most of it back.
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I think you are over estimating the amount of influence any one administration has on the entire economy. Politicians don’t make much of anything other than noise and hot air. They produce little in the way of useful goods and services. People do. And, I think we still have a lot of good people in the USA despite what the news media, politicians, social media and the rest of this basket of bums tell us.
 
Brookswood said:
I think you are over estimating the amount of influence any one administration has on the entire economy.
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I was watching a YouTube last night that said both major government institution players are now going to be controlled by men who follow and are in constant contact with the architect of the 1992 'Black Wednesday' that broke the Bank of England. The YouTube guy said don't panic but position your portfolio to be able to handle anything. Which I suppose is what we are supposed to be doing all the time anyway.
 
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.

I notice that the apparent reason is the surge of Artificial Intelligence uses in industry which could cause massive unemployment.
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If it's on paper with no actual money then it's not a loss until you cash in at the "loss" level of the stock present day value. With your supposed millions & your age why complain?
 
Knight said:
If it's on paper with no actual money then it's not a loss until you cash in at the "loss" level of the stock present day value. With your supposed millions & your age why complain?
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I'm glad I won't be standing in that 1929-esque bread line that OP warned about yesterday. I'm not very patient and probably would have tried to break in at the front of the line. Who knows what trouble I could have gotten myself into! 😲
 
Brookswood said:
I think you are over estimating the amount of influence any one administration has on the entire economy. Politicians don’t make much of anything other than noise and hot air. They produce little in the way of useful goods and services. People do. And, I think we still have a lot of good people in the USA despite what the news media, politicians, social media and the rest of this basket of bums tell us.
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I hope that you are right.
 
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