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  • I think the fun hasn't even begun. The "market" or whatever. The collective mind hasn't yet realized or the scale hasn't quite tipped yet on how bad this all is. I think maybe too many people are silently making their financial move so as to not be the one to that sets it all off. Or they're trying to tread carefully before the house of cards falls.

    Like when Lehman went under in 2008. All those shit derivatives were plugging along. Some people knew it was rotten. The system kept going until suddenly didn't anymore. Then all the red lights and alarm bells went off.

    Even with current market downturn. I think it's yet to go off the cliff. They keep bending the system and it's bowing but it hasn't really broken yet. When it does I think a greater than 50% drop in the SP500 is possible.

    That's not to say it's going to all come crashing down in like a day or a week or even a month. I think the paradigm of the past 15 years is over. The one where' there's a relatively brief drop and then everyone buys "cheap stock" and then everything goes 20% higher.

    I think we're in for a long period of decline. Where people cannot simply dump money into investments and see gains every year. We could be in for a long haul where people put money into an SP500 fund and it loses every year. Maybe a 0%-1% gain on a good year due to sideways movement.

  • But hey squeezing blood from student loans will fix it all amiright 🤦🤦‍♂️🤦‍♀️

  • woman with newspaper/man with calendar meme but with 1932 instead of 1984

25 comments