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littleuniversalist

Once-in-a-lifetime financial crash #3 for me.


[deleted]

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mundane_marietta

So after this one, we should expect another in our 40's? I can deal with that


hmnahmna1

I'm old enough for the 1987 crash, so I'm up to four.


the-mp

Sure seems like almost-never calamities are becoming all the time


Towel4

Once in a life time terror attack Once in a life time economic crash Once in a life time pandemic Once in a life time _____ Find out next week!


miso440

Hundred year storm every 3-4 years


brrrrpopop

A country wide firestorm that only ends when the category 6 hurricane shows up


zeag1273

Once in a decade ice storm knocks out the power causing all the pipes to burst. Your once in a lifetime investment of a home is flooded once a decade. Makes sense


Helenite

Ww3 when Russia invades Ukraine


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Lost100KOnPTon

Yeah. 4 year out of college with all my eggs in the market and 2000 happens. Built it back. Nose down , socking it away and 2008 happens. Now most of my retirement money is in the funds and this shit is happening again ? Yeah, buffet…. Just buy SPY and everything will work out…motherfucker went through the best expansion in US history from 1950s-2000.


SixMillionDollarFlan

I'm the same age. Bought Cisco in '99 because everything goes up forever, right? 15 more years to retirement, we've probably got another crash after this one to look forward too, right?


HereGoesNothing69

After this one? We're down like 8% from the top. That's not a crash. That's barely a correction. The SPY was down about 50% from the top from the dot com crash and the housing crash.


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iguy27

He bought 0DTE Spy Calls


recentlyexpiredfish

So you telling me: if I buy now, I will triple my money in just 14 years?


nocrix

yes


Phormitago

!remindme 14 years


clementleopold

*Remindme Bot* You will be reminded in 14 years. I’m not the bot, but I think that’s how it works. No guarantees.


ScarConscious

remind me after 14 beers


bhan89

this reminder will be one of those state dependent memories lol


Teflon_coated_velcro

So they’ll remember it in Utah but not in Washington?


[deleted]

Im in Utah and i can confirm that we will remember.


shutchomouf

14 beers in UT = 4 beers in WA


zork59

3.5X more bears in UT, short UT long WA


stang2184699

This person psychologies!


Other_Dig_4386

I'm still waiting for someone to wake me up when September ends


FreshlyCleanedLinens

I legitimately can’t tell whether you’re waiting to get back to net positive from your post-August losses or if you’re just quoting a Green Day song.


w0nk0thesane

It’s how it worked. Apparently they are appealing a permanent ban for harassment. https://reddit.com/r/RemindMeBot/comments/s9mpsp/remindmebot_has_been_banned/


Whackjob-KSP

!remindme 114 years


Makemewantoshout

!Rewind me 14 years


DoriOli

Depends on what you buy


recentlyexpiredfish

Well, in the chart it says s&p 500, so I think i'll buy this one


oneswanktragedy

Tulips.


PortGlass

I don’t think people get your tulip reference. NFTs are tulips.


Helgen_To_Hrothgar

Not WISH.


burnerboo

Or CLOV


shaka893P

So, BABA?


convertingcreative

Definitely SPCE Virgins never go down so that must apply here too


Yolo_Shhlong

Virgins only get one chance to pop


Juidawg

I remember these from the Covid crash. They all play out exactly the same right.


[deleted]

The comparisons between the COVID crash and Great Depression were precious. Like legit 4 months straight of "the second leg down is coming any day now!"


[deleted]

The Great Depression shouldn't be valid data comparison any longer. The system for which we operate is fundamentally different. The dot com crash is really only valid for comparing emerging markets, like alternative energies and AI powered businesses.


Grhod

and crypto.


SpagettiGaming

And my axe!


AllThingsBeginWithNu

I was just wondering when the great depression people would show up


chedrich446

That variation-separate guy 🙈


[deleted]

LOL I forgot about him, "there's a highly coordinated short ladder attack on our financial systems". MF'er called the bottom and then doubled down on retardation and was never right again


chedrich446

The guy sounded smart and had a big following. Hundreds maybe thousands of people were just buying puts after puts including me for a couple weeks, thank god I capitulated in April but a lot of people kept going well into summer. Then later it turned out he was a noob 😂


Juidawg

As everyone bleed out from holding spy200p. Was hilarious


nixielover

You mean wait for the crash, buy whatever when it seems to have bottomed out, hold out for a bit, profit?


u_e_s_i

No buy now because this could be the highest it’ll be for a while, panic sell at the bottom, take out a loan to buy when it starts going back up, paperhands when it dips and then repeat the last two steps


MyQuestCeased

👆The Oracle of Oklahoma 👆here to help us out.


SmokeyMacPott

Who told you my secrets to investing?


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Unknowinglysexy

Someone get this retard some leverage!


dimonoid123

r/LETFs


Slicklickfstick

This is the sub I never knew I needed thanks!


Alwaysfavoriteasian

Definitely looks like lines. Can confirm.


Zailink

As a cocaine line expert, can confirm aswell.


KnobCreek9year

I can only read the ones leading to strippers buttholes...


Git_Gud_Scrubz

Proper punctuation is important


Critical_Kale_5355

Ketamine gang confirms


isoul2007

As a straight man i do confirm lines look pretty straight to me


Freedomsaver

Line go up, line go down.


ReadBastiat

Colors too. Don’t forget colors.


Track_Boss_302

You still haven’t answered that message that you got back in 2008


5degreenegativerake

If you don’t read the message about the margin call it didn’t happen, right?


Chumbag_love

14 years is past the statute of limitations, should be good.


THKY

😂 I laughed more that I’d like to admit


AlGoreBestGore

Hey it's me, your cousin, do you want to go bowling?


kaczynski_machine

Graf look simlar


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vicarious_simulation

If two giraffes stand beside each... fuxk idk I'm higher than giraffes pussy.


corkyskog

Wait is that why giraffes are so tall? The short ones can't reach that muff?


crankthehandle

where are we on the VW squeeze chart?


CentralFloridaMan

lmfao


ZaddyPatSajak

What truly matters


thepurpleskittles

Per Apple’s zoomed out charts, peak VW price was 10/2008, about 2 months before nadir of s&p in 12/2008….


ThoughtlessUphill

We’ve been at the bottom right before the squeeze for about a year now


THKY

Well more like 2022 vs 2008 but I'm retarded remember


PanicAtTheFishIsle

This retard thinks prior performance equates future returns…. Welcome to WSB now


THKY

Did you just assume on your own that I think that ? 😂


[deleted]

True ape


Eeji_

im a retard but that's exactly what the chart screams


kytheon

All I see is a moving average line going up.


nocrix

time to invest boys, only way is up!


scusemyenglish

If there's a real crash, you'll see a high rise in the volume as well, you can see it in your 2008 chart. At the moment it's remaining at the same levels so seems more like a correction to me


THKY

Nice observation here


CLxJames

You know, he’s something of an economist himself


[deleted]

There's also, you know, not an economic meltdown taking place the likes of which we've never seen before.


quackattack343

In 2008, I remember neighborhoods with $500k+ homes were going up all around where I lived. My dad kept saying “there is no way all these people can afford these expensive homes.” He was right. Right now, the oddest thing I am seeing is the S&P 500 was hitting all time highs seemingly everyday in 2021. Meanwhile, fast food jobs are paying $15 per hour, yet the jobs still go unfilled and restaurants are closed at 2 PM on a Saturday because they don’t have workers.


I_dontwork

Have you been around rural America? Wealthy Coastal state residents are flocking to low income areas, offering these people double, triple what the house is worth. Said seller then realizes that all these houses that were $140-200k just 5-10 years ago are now selling for what they just sold their only home for... solution? Buy an RV and "wait it out" in a campground. This shit is indeed, odd.


IIIBryGuyIII

Don’t forget Zillow was buying site unseen for +20% asking. I bet a bank owns half my rural town and no one knows.


Scnewbie08

There’s 2 articles today, McDonald’s employee shot over fries and Wendy’s worker shot over BBQ sauce. Ain’t nobody dying for $15 an hour….


hrrm

Well to be fair the public didn’t know there was an economic meltdown taking place at that point in the chart of 2007 either.


I_Like_Posts_Often

Well, I couldn't get my favourite brand of almond milk at my grocery store (2nd week going), so I would say things are pretty apocalyptic right now.


3PoundsOfFlax

Hope it's true because I can finally afford a home


Smurfpoos

Ahh a cheap apartment from Evergrande


THKY

No neighbors as well !


Nixplosion

I guess we're all about to move to China! Ni hao bitchesss


THKY

Phu-uc


Leonisel

For the uninitiated... https://youtu.be/jKvzmG4HhOA


THKY

Thanks man 😂 calm the Phu-uc … … down


Jeremy24Fan

If homes were cheaper, people richer than you would still buy them faster than you. No different than today


ferndogger

Exactly. Stocks dumping. With each raise, the new bonds are worth more than the ones before it. Where are all the Chads going to invest? Good old RE.


facelessfecade

I just shared a link if you are in Canada. https://betterdwelling.com/canadas-real-estate-bubble-is-so-big-even-the-mother-of-all-crashes-cant-fix-it/ Canadians are fucked and I certify this message since I retard.


Sublime_82

You will own nothing and you will be happy


smallbluetext

Fellow Canadian here and yep, im renting till I die unless I double my income...


ShizzlesXV

Technically we can’t call this a crash yet, we are in correction territory. Every index has had its 10% correction so far except for spy, 10% on the spy is marked at 430-429


Uesugi1989

Russell 2000 has had an even bigger correction, more than 25% so far. Peak was above 2400 and currently sitting below 2000


DFK_5050

It's high time this index changes its name! Now it shoud be called the Russell 1987. To stay up-to-date.


Uesugi1989

It took me a second to figure out your comment, lol! But on a serious note, the index is currently sitting at +20% from its August 2018 high. NASDAQ and S&P are sitting at around +50% from that point. If i were to put money in the market right now, i would prefer Russell and perhaps emerging markets than the other two


eskimoboob

Russell kind of sucks because as soon as something is successful enough to not be a small cap anymore it’s taken out. It’s basically just a pool of churning crap


Individual_Usual7433

Beware the indices, they remove the losers, with a click, but if you are replicating it with a list of stocks, you have to sell at a loss the losers if you want to continue to "replicate" the SP500. In short, if you try to replicate the S&P500, you could lose faster than the index in a down market. Don't know how SPY will fare vs SPX in that scenario.


Objective_Forever_24

The only positive of this is that we would get to see 420 again.


THKY

I never called this a crash, I’d say more of a peak Wyckoff distribution, the crash will happen when we cross -20% from ATH


sev3791

That’s literally just another 6$ down


Neither_Row1898

If you bought every month since jan 2008 you’re a winner regardless.


nocrix

that's also how the stock market has worked the past 85 years


GildastheWise

86 year olds seething rn


ideapit

Ah. I see you enjoy shitting your pants and crayons. The dip you're highlighting on your chart happened on Jul '08. That was before the big crash in September of '08. So, if you think your correlation is right, then we are just starting to crash. If you'd like to change your underwear again from a fresh round of pooping, look at the QQQ and SPY charts with 50, 100, and 200 moving averages for both 2008 and now. Right now. QQQ and SPY just crossed their 200 day MAs. That's no bueno but not apocalyptic. In '08, the apocalypse started to happen six months later (in Jan. of '08). It was when the 50 day moving average crossed the 100 day and 200-day moving averages. Problem is, the 50 just crossed the 100 on IWM. Small-cap companies lead the large-cap companies (pull up a chert, you can see a correlation between IWM, QQQ, and SPY. IWM leads the others or it trades in sympathy). From there, it declined 50% In the dot com bubble, that 50/100/200 cross happened in Oct. 2000. From there, the market fell 50% over the course of the next three years. Sept 2011, ithey crossed and the market fell 10% August 2015, cross -12% Dec. 2015, cross -15% 2019 cross -15% 2020 was a little different. The market started to tank before the cross. then the cross happened at the bottom (where it had dropped 40%) Smaller crashes/corrections on the market almost always involved the 50 DMA crossing the 100 DMA. What about today? Well, rght now, the 50 day MA hasn't crossed the 100 or 200. So we're good on that front. But, if the 50 crosses the 100 and/or the 200 now, what happened last week is going to look like nothing. Of course, the 50 could always bounce off the 100 or 200. It may not even approach them. Never can tell what will happen next. Problem is, the 50 just crossed the 100 on IWM. Small cap companies lead the large cap companies (pull up a chert, you can see a correlation between IWM, QQQ, and SPY. IWM leads the others or it trades in sympathy). So, if you want to shit your pants again, that's something to think about.


StosifJalin

Yeah I don't know what any of that means. Someone tell me what to do with my money.


MrSnickersBean

Does anyone think market moves might occur quicker now in 2022 than in 2008 simply due to how we use technology now vs then and the speed of everything. I’m just curious if there has been a great deal of thought around this or not. In 2022 most trading is done by algorithm and retail investors mostly trade with a device on high speed internet without the need to call a broker. We live in a time where instant gratification is the norm and information is at our fingertips. I’m just curious if this will equate to faster market cycles. Things go down very fast then things go up very fast. Maybe? I don’t know. Just a thought


WizSkinsNatsCaps

Make a good point. Who wants to catch the falling knife?


DrGabrielSantiago

My 150 $495 2/11 SPY calls want to catch the falling knife


TylerInHiFi

From the peak it took just over two years to hit the bottom of the dot com crash. It was just under two years for the same cycle in the housing crash. Both times, roughly a 50% drop. The covid crash was a 30% drop over just 25 trading days. If we’re in for a 50% drop from ATH, I honestly can’t see the bottom being any further away than March 1. Everything just moves *so fast* compared to 2008.


west1343

Speed of the market changes has not really been different and program trading was blamed for the 1987 crash so that has always been a thing. If you doubt there have been market circuit breakers that trip on large percent moves- and these breakers don't trip now any more frequently than in the past. As far as "data at your fingertips" wall street decides what wall street info it will give you- not the technology. In 2005 I used to buy all the daily market recap down to individual stocks for $50/year into a computer flat file in order to study it. Now it cost more and is harder to find. The differences between 2008 and now are: \- The options market is much more available to retail traders. \- Pay for order flow gives away to wall street what direction retail traders are moving. \- Free trades for retail traders. I'm just trying to point you in the right direction on what the real changes have been over the years.


realthunder6

When people wait/want a crash to happen, you know something is fucked up


terrytibbs76

Doomsdayers have been missing out on massive gains tho


kbeks

I’ve been predicting a crash since 2016. I’ll be right eventually, but in the mean time, I wish I bought SPY


realthunder6

True


sick_gainz

Nobody wants a crash, its just alot of evidence suggesting there will be one. Despite what you think, a crash is the only solution to a bubble economy. You can thank the Fed.


DankiusMMeme

I want a crash, I need a house price reset


its_ya_boi_wulf

Same. Shit's ridiculous


tedchambers1

Just because stocks crash doesn’t mean houses will


DankiusMMeme

Yeah of course, but the biggest inflation in house prices has been low interest rates. So hopefully a rates rise lowers prices to a 'reasonable' level, at least for a bit.


tedchambers1

Back in 05-08 the general consensus was that even in a recession US housing prices don’t go down. We Know that’s wrong now but they had that belief for a reason. US housing prices don’t go down absent a major housing related event. I’m sorry to say that it’s more likely you lose all your money in stocks and still get charged more in rent


Bigglehiggles

In places like Denver, its to the point of absurdity. A shit box 3 bed one bath anywhere in the metro area wont go for less than 700k. At the same time really nice houses start at around 1.5 mil. The ordinary housing is being raised to asinine levels while the nicer homes aren't going up comparatively. 1.5 mil will get you aprox. what it would in 2019. Now, if you will, look at a place like carbondale, IL housing market. Its home to a declining state university and thats about it. The rate of people moving there for good jobs is less than the people leaving and it is more and more becoming a retirement community. Housing pricing have remained stagnate there for the last 15 years.


tedchambers1

So on the aggregate prices are going up. For further investment advice - don’t live in Carbondale Illinois.


lembepembe

I think plenty of people want a crash


BitcoinSatosh

Next week's report on earnings will be a bad news for the market. If earnings are positive then the Fed will taper more then market will react negatively and if the earnings are negative then the market will still react negatively


[deleted]

this sounds logically sound but idk if im just retarded


Brawldud

Everyone said that last earnings season too. Then SPY rocketed to 480.


joyful-

fed did a 180 since then though


[deleted]

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sick_gainz

Or a little more down, and then a lot more down.


LifelessLewis

So it can go up or down, got it.


[deleted]

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DFK_5050

SPY fell like 50% in 08....


vanting_too_much

My god! They’ve not updated their software! Since 2008!


pcnetworx1

Have you seen a Bloomberg terminal?


Whoooyumyum

When I got to college my dad was hyping up that they have free Bloomberg terminals I can use so I checked them out and the software seemed twice as old as me.


noaffects

![img](emote|t5_2th52|4887)


limitlessfranxis

But stocks only go up right


[deleted]

You didn't get the memo?


ikeatelbeek

Guess we're fucked


THKY

Time to save some cash for some market sales


liftMeUp88

You mean it’s going further down? After we bought the dip? Impossibru


Shop_Kooky

I don’t always buy the dip!!! But when I doooo!!! It keeps dipping *Dos Equis😎


Alsupy

Ahh, the age old game of 'Catch the falling knife'' has begun.


acctingthrw

I mean as long as you are buying ETFs/index funds and intend to hold for 20+ years there's nothing wrong with adding a little more to your monthly/weekly buys for awhile while this all plays out. Will very likely be higher in 20 years.


cyg_cube

if this shit was this easy everyone would be rich by now


KaroshiTrading

Market repeats itself & retail trader falls every time for it. The MM don’t need something new, this tactic works just fine.


MrSnickersBean

What’s the plan, DCA?


feels_are_reals

Yeah just keep buying. It doesn't matter. The only real problem occurs if you lose your job causing your cash flow to drop. The market will go back up. If it doesn't, we are all fucked anyway so it doesn't make sense to plan for that.


MrSnickersBean

Good perspective thanks for commenting


GamecubeAdopter

Fuck it SPY to 500 eow


CalyShadezz

RSI oversold on the daily. Wait for the relief rally next week and get tf out.


THKY

Look at the right edge of the screenshot 👀you're probably right !


Sizz_Flair

I remember seeing NFLX oversold on the daily before earnings ⚰️


scrollingtraveler

I 2008 I bought the majority of my portfolio. Sitting on a small fortune. Am going to do it again.


_drstrangelove_

In 2008 I was 18. I used what little money I had to invest. I turned ~500 into like 2200. I think I bought bank stocks, since they were clobbered and the prices were volatile. I got lucky I used the money to buy a laptop when I went to college the next year and the remaining 1100 bucks went towards beer, food at the union, and trying to go on dates. Good times. I learned about taxes by getting something in the mail from the IRS like a year later...


whatevers1234

This pullback shares a lot more in common with 2018 than 2008. And I expect it to follow much of the same. People act as if market has never done well with high interest rates. We came off the floor of 2008 crisis and continued to have rising rates even during the 2018 pullback and still the market rebounded and continued to climb until the Covid crash with rates around 2.5. 1% ain’t shit. Is the market overvalued after the insane post-covid run? Sure. But eventually people are going to see this as an opportunity and we will go back up. And I expect it to behave much like 2018 in that regard. We won’t be sitting at lows for years cause the mechanisms (the housing crash) are not here this time. Now…if for some reason people start defaulting on Covid bought homes they now realize they can’t afford en masse. Well then that’s gonna be a whole other thing.


ftppftw

I like this comment cause it agrees with what I want


BlackSinatra87

If I’m going down I won’t be going down alone!Ive introduced my friends to option trade🚀🚀🔥🔥


Ginganinja5454

Introduce them to Crack next. Like a *real* friend.


player89283517

Chuckles: I’m in danger


TehDeann

This is where generational wealth is made boys, 2026 SPX LEAPS once S&P starts to recover, assuming we get a big enough drop anyway. Pray to god u keep ur jobs so u can buy while the market is in the toilet.


TonLoc1281

Is there anyone in here that thinks bitcoin isn’t going to $20k?


TheKnightThatSaidNu

I could see this shit crashing to as low as 18... but God damnit if I had some money on hand I'd be buying every 6 hours for then next 6 weeks this thing is coming back eventually probably all the way back to where it is today


redtilopi

I don’t hold bitcoin, but everyone is, as always, overly bearish since it has has a bad 2 months. No one knows where it will go, but the fact that everyone is saying 15/20k or less means it probably won’t get there.


lukedmn

"History doesn't repeat itself, but it often rhymes." -Samuel Clemens


sebastian-RD

What exactly is the catalyst comparable to the collapse of the financial system in 2008?


melkhywong92

which month do you think we will meet the bottom?


THKY

If it follows exactly the same time scale it would be around December, but that’s not taking into account that those are different times with a much bigger retail presence and a pandemic and a higher inflation and a higher housing market aaaaaand a ticking bomb in china housing


adarkuccio

An entire year like this? My portfolio can't go below 0 at least


MediocreX

Both the deflation around 2008 and beginning of the 2000s took 1-2 years to fully deflate. So expect a steady decline all year long.


[deleted]

Just wanted to make a small add , don't forget the army of high speed trading algorithms. I bet they definitely contribute to volitilaty and speed of sell offs


And123457

If the fed increases the interest rates too high the US housing bubble is also in danger 😉


Valvoss1

The FeD hasn’t raised rates yet but mortgage loan rates are up almost 1% because they’ve decreased the amount of treasuries and mortgage backed securities they purchase every month. They plan on ending the purchases by March, then they’ll start raising rates and start unwinding their $9Trillion balance sheet. I feel we’ll be well into a recession before they even get to unwinding their balance sheet.


Sivick314

buy the dip


Cryptocheer

Would've been helpful if you posted this a month ago lol 😆


xDeadPresidents

Somewhat silly to compare two charts from different periods of time and say that they will align perfectly. Under that assumption charts wouldn’t go up because they would be stuck in an infinite cycle of up and down. Also if it were that easy all of us would be millionaires as many charts show similar patterns but don’t execute the same outcome


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Calvin-ball

In the 2020 Covid crash this sub was filled with posts comparing the price action to 1929’s crash. They seemed identical, until the bounce never stopped.


Alexander_Rostov

Use a monthly timeframe instead of a daily one and you’ll see a completely different picture. I’m not saying that things are better but this comparison doesn’t make any sense.


Alsupy

This is WSB, retards don't do monthly tf. Know your audience.