^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive >TL;DR: -The stock market is not crashing.

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Somewhat ironically so much of the content is about how nothing bad is going to happen while today much of the content is about all the bad things that are about to happen 😂

Yep! It all sounds like doomsday predictions until it really happens

So what you're saying is.....with everyone talking about decline right now.......the market is going to go up?

Let's go! Buy buy buy!

Great stuff! takes me way back. I saw some pretty red stuff and some ugly red stuff... then there was that chubby hotty who ditched me for another dork with a chubbier wallet on a fricken gay ass harley... I was so red and stubborn I knew my picks were good just a bit early.... then they went even more red and I thought of those two chubbies on that gay ass cream colored harley and I got mad and bought more they went red too!!! I ate stale mash potato mix 3x a day... that chubbie when I think of her is one of my favorite happy places... when I need it...

The social media factor is huge. Facebook was just getting started back then.

We know what’s “capable” so it’s “forecasting” and sensationalizing. No different than Katrina reporting and hyping up NO being hit, only for it to “miss” the French quarter and reporters didn’t have material ready for the 9th ward being hit. People get glued to the fear, they don’t watch if “everything is fine”.

Couldn’t agree more! With analysts and reporters having different views, we often look for confirmation bias instead of looking at the whole picture

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> It's the Great Crash of 2008. Although the Great Crash of 1929 eventually outpaced this one, that took years, and the initial drop was pretty much on par with what we're seeing right now.

> Also: Buy and hold, my ass.

This guy disappeared 13 years ago. I wonder if he missed out on the bull run from 09-2021. He probably fomo bought last year at the peak.

Interesting thing to think about. If you had bought at the top in 2007 and never bought again till now with the recent downturn you would have still made 150% return.

Well shit im about to start buying like crazy then. Everybody thought we were fine back then and it crashed. Everybody now is ready for a hell on earth crash so imma assume we just started another 8-10 year bull run!!

Remember it. Lost all my money on Washington Mutual stocks.

When you predict a doomsday every day...eventually you will be right, sort of.

If you were young enough, holding worked out....and then there was almost a decade of home buying opportunities afterwards.

Yet somehow, people are still complaining about not being able to buy a home and are gambling their lifesavings away on pennystocks and bad plays.

Sorry to hear that . Hope you recovered without too much damage

Thnx. Two years after where bad. 😭😁

Recessions are incredible buying opportunities if you can afford to do so. I've been saving for moments like this.

You are right, people make dumb and risky plays instead of preserving capital to buy the dips. I'm done trying to time everything and just open positions on solid companies. The real value plays

“This is just the beginning, fool.”

Bottom comment of the third thread.
“Run you fools, RUN!” vibe 💯

Gramps, turn off the internet.

You have to adjust for inflation. Still prob a solid return

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Wait…. So we actually are/were in a bear market?

Or he might have died it was long ago.

It ends next week when jpow announces the pivot

I’ll cry if he does this. Not cuz I’m short but cuz I didn’t deploy all my cash yet

I think they call it the interwebs

There’s no way the fed pivots

There were also perma-bears right at the bottom tho May 2009 :Stocks jump after consumer confidence level surges. AKA: "What are these people smoking?! https://www.reddit.com/r/business/comments/8ndrd/stocks_jump_after_consumer_confidence_level/

The bottom was March 2009, remember

wow now that's funny!

I like this comment too :

Is it even possible to have a recession when investors have a 6 month attention span? We'll keep inflating bubbles until there's nothing left to inflate.

No you don't, the return is calculated to compare it to other ways you could have used the money. If you had put all your money in a sock and hid it under your bed in 2007, you'd still have the same amount of money. If you had bought at the very top, you'd have a 150% return. In both cases there's inflation, but calculating returns is done to compare the two and show that yes, even buying at the very top is usually better than keeping all your cash under a mattress.

I think the word crash is overused. Reversion to the mean sounds much better and more accurate describes what is going to happen 2023. But yea hard to believe we won’t see 3300 in the s&p again this year. Once outlook cools and pe corrects there is only down until prices are back in equilibrium to mean pe

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so maybe we just go out of the recession of ‘22 🤷‍♂️ and they just buying all the stocks now, making us think it’s gonna dip more. Jackson hole2.0 on the first ? Or more ups. I’m bullish still with downside exposure. Don’t know what this week will hold

Just to clarify, I'm not saying 2008 will happen again. I just wanted to share what retail was talking about in those times. I am not a bear now. I think all the major earnings will make the market pump. Because nowadays, even bad earnings are bullish

Well shit im about to start buying like crazy then. Everybody thought we were fine back then and it crashed.

Yeah this. I've had like 3 very close encounters with death from 2009-2022 (one of those involved a lathe) and that's not including the 3 times I was out with COVID.

The fact that I'm alive and well today is nothing short of a miracle.

Lol this is going to be a nice “sticky” comment in a similar post to this 15 years from now

Eat my dongus you fuckin nerd.

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Lol how so? We’re only 15% off all-time highs on the S&P…

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Hmm guess we’ll see :)

Hmmm. I'm going to bet the stock market DOESN'T Crash. Downmodded for exaggeration.

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Sounds like you were a teen in 08

Yes I was 15 in 08 in Canada. Didn't see the repercussions as it wasn't as bad as in the US

Not a lot of options talk. All that opportunity in front of them and no profit. Sad time.

They're on wallstreetbets. They definitely are used to financial damage.

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Is that the stuff kids listen to these days?

yes you do the idea is to eventually use the money. if you got a 2 percent annual return for 10 years then your still able to buy the same things. if you doubled your money but now a house is 4x the money how does that help

Do you want to be even sadder ?

Take a look at this post and the first comment The guy is excited because his port jumped 25%

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That's me to a T.

Had about 25k saved up (3 years savings), but houses in my area are $400k+, so I wasn't even close to being able to afford.

Having a baby soon, so since savings was about to go to $0, I "took the chance" on gambling in the market last year...and lost it all.

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So it was pretty bad.

Predatory Lending. The banks would give out loans for more than people could afford, on the "idea" (wishful lthinking at best) thuuat the economy would keep growing & people wouiuld make more mouney. They would give a loan where you wouldn't have to make your first payment for 3 to 6 months.

A lot of people figured that banks/lenders knew what they were doing. They wouldn't give out money if they didn't think you could pay it back.

That's where it loses me tho. We're they hoping to then own these homes after people defaulted? We're they thinking they'd make money on the loan for a bit ( because all you pay is intrest for the first few years) & then own the house to sell? Don't know. But it sucked.

I saw 2 of my neighbors lose thier homes. Friends of mine got divorced, after all the stress of losing thier house, not finding housing...kids too.

We bought at the peak also. But I made sure we didn't borrow more than we could afford. We also had a good local bank. They knew that of they fucked up, they would only be screwing someone who was a local.

Paul Krugman is dumber than WSB and Cramer combined. How he's managed a career is beyond me.

Yeah inverse stupid people was always a good strategy even before 08

This guy called having COVID a near death experience 😂

Would be a fun read but my question is how could the average person make money knowing 6-12 months what was going to happen? You don’t have millions so what do you have to do? Buy puts on banks???

The stock market may not be crashing, but deez nuts are.

Curious about apple

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There's a saying, Generals are always fighting the last war. Applies to most aspects of life.

Availability bias is tough to escape and most people don't read, much less read history.

muh taste buds 😭

I also think this will happen shortly after the pivot, only to be followed by a reality check.

Historically when the fed pivots is when the crash happens

One thing is for certain: People cared way more about grammar and punctuation back then.

Yes. Not even one comment saying bull r fukt

Not a single mention of regards as well

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Who needs articles when you have lived through enough of wallstreets fuckery to realize every decade their greed destroys the economy

So tired of this doomsday negativity. Bear Stearns is fine! 💩

I specifically said it was not COVID, so that one doesn't think "oh prob exaggerating" ... excellent reading comprehension regard

I was a Junior Broker starting in 2007. It really wasn't that bad. I became a full-time Broker in April of 2008. Still really wasn't that bad. The market sucked, but every corporation had +6.00% paper out there to buy, so again wasn't too bad.

The real pain didnt start until October of '08 on till March of '09. I made $386 in 6 weeks. Yeah, it fucking sucked. I could've given away stocks for free and couldn't get anyone to buy. And no one would touch the anyone's paper after Lehman failed and most of the other banks/brokerages had to sell for pennies on the dollar.

This is why I laughed my ass off at all the Crypto Bros yelling at people for having cash. This won't end until people start liquidating assets and selling them for a loss. Whether it's homes, stocks, whatever. Money isn't made during shit like this, it just simply changes hands.

Bruh lmao

I mean if you look at the 5 year chart we have clearly deviated significantly from the local trend line in a negative way. A crash at this point would mean our rate of gain when we come back to the trend would be incredibly fast. Like digital revolution fast.

I was a contracted for the banks in 2011-2014 it was a hard time alot of home I would clean up had suicide evidence. I pray we all can make it thru this one better then 08

It’s really funny how people think recessions are never going to come, even though we know for a fact that they are natural parts of the economic cycle. Contraction leads to expansion and expansion leads to contraction. 2009-2021 was one of the biggest expansions in our history and people still don’t see a recession coming even tho every indicator is telling us one is around the corner (months away). We also know that recessions drop earnings by around 19% on average… but yeah, go buy TSLA at $180.

No, fed pivots because the economy is crashing, not the other way around

You left out the part where the whole subprime lending thing was driven by the government, either through Freddie and Fanny, or through putting regulatory pressures on lenders(they downgraded the credit ratings of banks that didn’t participate). Started under Clinton, expanded under Bush. It was widely bipartisan so no one ever stopped to ask some questions if it’s sustainable. It should surprise absolutely no one that congress investigated itself and found nothing there.

Your making sense and planning way too far ahead for this bunch…

People always seem to forget that homebuyers amd investors were also are guilty of FOMOing into buying property, leveraging up on their bets, taking loans they had absolutely no business taking out, buying houses they knew they couldn't afford.

This wasn't solely a government or bank thing. What made this work was that everyone was able to pass the risk down to the next party in line because the mortgage credit rating system was fucked (someone rated risky surprime loans as safe as the traditional mortgage because the thought was that everyone pays their mortgage, historically)

Lol, lot of CD, Tbonds,ETF talk. They mention how risky stocks are and tell them to stay away. If they only knew what we were smoking now.

It's something with "tubes" is all I know. They watch these TV shows on their telephones and talk to their Dick tracy watches.

Can’t blame the people, that’s where the votes are coming from!

Maybe someone should dig up the one where I said Peyton Manning has happy feet and will suck. Ryan Leaf has a cannon and will be the next star in the league.

For some people it is you dumb prick

I liked the comments. Funnier than the memes clogging wsb now.

Imo, Apple will always be fine. They have massive cash reserves and a recession isn't gonna stop most people from buying the latest iPhone

At least you tried

These comments from one of the posts above could indicate otherwise, idk tho I was like 9 and not on Reddit:

“http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1197131064000&chddm=493833&q=INDEXDJX:.DJI

Doesn't look like a stock market crash to me...” ——

“It does if you're a 19 yr old zit-face.

In the oldest form of "misery loves company", the typical reddit dweeb roots for economic collapse.”

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It's the American dream. Like I said, people didn't think that experts... the banks, would give them more than they could afford.

Then you should have bought real estate instead of stocks. Different assets have different returns.

The mortgage would be way too high. We would have needed to put over $100k down in order to be able to make the monthly payments, even with the old 3% rates.

Crash will happen when they lower the interests rates

Hehe, funny in retroperspective that this guy's though the market isn't crashing. The chart showed sometime other

The PTSD is strong now

https://www.reddit.com/r/AskReddit/comments/7s7m5/comment/c079k3d/?utm_source=reddit&utm_medium=web2x&context=3

I hope that this teacher had the sense to stop selling and go long for half of a decade.

“Anytime all the economists agree, something else is going to happen”

-some finance guy

Real Estate prices != inflation rate housing big Up for long time And Big Down for small time. Inflation =slow up and slow down.

Well the content was saying nothing would happen and the articles on the news said the opposite… which one ended up right though?

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We talking leaps on spy puts?

Yeah like those Covid vaccines.

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Was Burry on social media yet?

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He was posting on this forum from 96 to 00. No clue if he was posting somewhere else after that. The posts are not related to the housing market though

The scary stuff gets more clicks

They had inflation back then too?

In short we all don’t know shit about fuck

somehow people complaining about not being able to buy a home?

probably because we went from one working individual per family to two.. jumping house prices due to supply and demand.. and then not giving raises that are in line with inflation.

Pretty much

Many people on these old posts were very civil in the comment section lol

Really? How much are you paying in rent?

That excuse works now...but if you read the comments and understand that this discussion is from 2007 to present, that mouthbreathing argument doesn't stand up.

Houses were dirt cheap in most states for years after the crash.

sorry for your loss

Thank goodness I was in college when this happened. I was studying agriculture at the time and had recognized that very few people were doing the same. I had a 45 year job lined up after school and bought my first house for 65k.

There’s nothing “natural” about a recession, and the economy is not a cycle as if it’s some outside forces that people have no control over like the four seasons

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