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Currently we're observing a "normal" panic sell-off. This has nothing to do with what's happened in 2008, at this point it is more similar to the dotcom bubble
by mytailorisrich 2y ago
Currently we're observing a "normal" panic sell-off. This has nothing to do with what's happened in 2008, at this point it is more similar to the dotcom bubble burst or 2020 (market sell-off).
One might go even further and say that this crash is over-due and somewhat preditable. This doesn't put banks in immediate danger.
- wraaath 2y agoOr, this the beginnings of a sell-off as the rest of the world realizes that the US is no longer a reliable (trading/military/alliance) partner, and will move to mitigate the dependency for the rest of the world's mutual preservation. Also - this implosion is happening WAY faster than the dotcom bubble pop and even 2020 COVID lockdown selloff, and there is no stimulus coming to save the market this time. This was somewhat predictable, as Trump doing illogical Trumpian things, but somehow he even exceeded the maximum irrationality predicted by the market, thus, the heightened adverse reaction.
- watwut 2y ago"Market" predicted he will remove consumer protections, environmental protections and that some companies will be able to profit from top level corruption. There fore "market" thought this will be good for them in the short term and went up.