Share market crash this morning.

[Bobby]

https://www.marketindex.com.au/asx200

dropped 3% this morning in Australia already.



https://edition.cnn.com/2024/08/04/busi ... ess_ribbon

The Nikkei 225 fell as much as 7.1% in early trade,
pushing its losses to 21% since early July. The index is poised to enter bear market territory, which is defined as a 20% pullback from recent highs. It later pared its losses to 5.8%.

On Friday, the index closed down 5.8%, marking its biggest daily drop since March 2020

[Bobby]

Company Intel    down 26%

https://edition.cnn.com/markets?utm_source=hp

INTC
Intel Corporation
21.48
- 7.57
26.06%

[Bobby]

https://www.marketindex.com.au/asx200


ANZ down 4%

Commonwealth bank down 3.8%

NAB down  4%

Westpac down  3.8%

[Bobby]

Wall street opens in 40 minutes.


https://www.cnbc.com/quotes/@DJ.1/


Dow Jones Fut (Sep′24) @DJ.1:Chicago Board of Trade
LIVEWatch live logo
SQUAWK BOX
*Data is delayed | Exchange | USD
Last | 8:40 AM EDT

38,695.00quote price arrow down-1,184.00 (-3.07%)

[Bobby]

https://truthsocial.com/@realDonaldTrump

truthsocial.com/@realDonaldTrump
“Japan down 12%, India down 6%. Germany way down also. U.S. really bad. This is a preview of the world markets without Donald J. Trump in the White House. None of this happens if Trump is in. Kamala and the markets don’t go together. She’ll destroy the markets. She’s in power now and look at what is happening. One week of the fake media saying better polls and you get a market crash.” The Legendary Howard Lutnick!


Donald J. Trump

@realdonaldtrump
·
48m

STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY. THIS IS NOT GOOD!!!

[Jasin]

Way cool!!!

You know what that means?!

If there is like a major major crash that can't recuperate in less than a year.
It means - prices everywhere from a coffee to a house will plummet.
People forking out for $10+ coffees and $1.5m for a 3 bedroom House now - will suddenly find their coffee spilt and they can't sell their million dollar house for anything over possibly just $200,000 if lucky.

A lot of 'rich' people who have 'cashed in' since Covid 'Economic' Lockdowns by inflating everything everywhere - will suddenly find their wealth as worthless.
Just think of what happened to the cost of owning a Taxi Plate when a competitor like Uber came in. The Plates went from costing millions to NOTHING!!!

Just think Bobby. You'll be able to buy yourself a nice big house in the country for just $300,000 one day.

[Black Orchid]

Just think Bobby. You'll be able to buy yourself a nice big house in the country for just $300,000 one day.

That's never going to be a reality again.

[Jasin]

You can get one in good country Alice Springs for just $40,000.

[Black Orchid]

You can get one in good country Alice Springs for just $40,000.

Who the hell would want to live in Alice Springs? They probably can't even give them away. Lol

[Jasin]

You have a valid point.
Ha!