Futures down huge for Friday!!!! Nasdaq -2,000!!!! What's going on?

Thread: Quantitative Tightening Will Carsh Stock Market

Up 90 at the moment.....

[link to finance.yahoo.com (secure)]

Trading positions clearing, many won't hold hot potatoes over the weekend.

THIS^^^^^


I still remember the first time I heard them say they were implementing circuit breakers for the market!

I've got +96 for the NASDAQ.

Question: Why do you worry about other people's money? There is absolutely no way that you are an investor.

implied open is current order distribution

Since forever. War bankrupts empires and nations. Everyone points to ww2 as indicator that war is profitable for a nation, but that was unique situation. You had a nation of builders and workers that had two jobs; their daily job and then their second war job, building the tanks, planes, bombs and guns for the war.

I don't see the current administration letting the markets crash.

Think about it! In other European countries, when the governments have been strapped for cash, they've confiscated their citizen's retirement funds. There must be billions, if not trillions, in 401ks that the Dems would love to get their hands on! Do you honestly think they'd just stand by and let all of that wealth evaporate right before their very eyes?

As of June 30, 2021, 401(k) plans held an estimated $7.3 trillion in assets and represented nearly one-fifth of the $37.2 trillion US retirement market, which includes employer-sponsored retirement plans (both defined benefit (DB) and defined contribution (DC) plans with private- and public-sector employers), individual retirement accounts (IRAs), and annuities.

[link to www.ici.org (secure)]

Here's an article from 2011 about European countries that have done just that!

European nations begin seizing private pensions
Hungary, Poland, and three other nations take over citizens' pension money to make up government budget shortfalls.

[link to www.csmonitor.com (secure)]

Of course, there's a history of something similar happening here in this country before. Back then though, it wasn't retirement accounts that were dipped into. Back then they confiscated gold!

On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates.

[link to www.history.com (secure)]

They're a bunch of useful idiots following a script, the system is broken and the script tells Putin will take the blame for the looming collapse.

They jabbed millions Americans with poison and you believe they wouldn't let the economy collapse on its foot print.

You guys need a swift slap on the nose, it's coming sooner than later.

Sirens going on in Ukraine cities