Misc Stock Market

[superjames1992]

What even caused the crash today? The fed chair announcement?

I think so. I think the markets expected Trump to appoint a degen who would slice interest rates down to zero, and instead it's a fairly conventional pick. I imagine the reversal then caused a lot of longs leveraged to get wiped out. Insane to see this kind of volatility in precious metals!

 

[tempo47]

I think so. I think the markets expected Trump to appoint a degen who would slice interest rates down to zero, and instead it's a fairly conventional pick. I imagine the reversal then caused a lot of longs leveraged to get wiped out. Insane to see this kind of volatility in precious metals!

Not sure if what i read what correct but 6 trillion was lost in market cap on gold and metal today apparently

 

[DustinWx]

I loaded up on SLV. Wish me luck

 

[broken025]

Oh wow Silver down 30% in a single day? That’s insane.

 

[KyloG]

crypto getting annihilated. I’m still short Qs from Thursday. If this whole market doesn’t rollover hard in Feb.

 

[KyloG]

It would be shocking to me if the Qs doesn't pullback to atleast $500 this year...and SPY $600. That would be a routine correction after a 3+ year bull market run. I think a bigger bear market is on the table but I am definitely biased bearish right now...which isn't easy when the market appears to only go up.