r/stocks • u/Chrissylumpy21 • 2d ago

Crystal Ball Post Is Black Monday Incoming?

So much fear in the markets and this time really feels different. All the Mag7 stocks are so hit by the tariffs our iPhones will probably cost $5,000 soon and as the world slows, people will use Amazon less, advertise less on FB/IG. No one is buying Tesla anymore. Who needs anymore AI chips, yet AI is decreasing Google searches.

I fear the world is realizing it all this weekend. Or is it just me that sky appears to be falling?

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86

u/9_v_9 2d ago

People want stuff, people crave power, people like materialistic happiness, people still want to show off. The economy will revive because of the constant hunger of people. I can't say the same about Tesla though.

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u/ToddTheReaper 2d ago

Unless they don’t have the money…

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u/Plastic-Age2609 2d ago

Many people are using credit cards to buy essentials, a crash is coming. Businesses will start to fail like dominos falling, then layoffs, then more businesses closing. Then war started with Iran or cartels in Mexico as a distraction. We are just about to start the real descent into shit show

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u/green9206 2d ago

American economy is basically been running on credit card usage only since many years. Nothing new about that. I feel I'm the only one who sees this just as another correction. Different reason but market will recover just like it always does. This time is not different.

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u/BuyMeaSalad 2d ago

Well the jobs report Friday was a big surprise on the upside and unemployment is still low

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u/beyersm 2d ago

You are right about that but the question is when and at what pace

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u/8349932 2d ago

We don't need no water let that tesla fucking burn! Burn, motherfucker, burn!

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u/alexnedea 2d ago

Nobody saying it wont recover. But will it recover in 5 months or 5 years?

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u/PotatoWriter 1d ago

I'd say on the order of a few years. If you look at all time charts you'll see how sort of stretched out the rises and falls are in pre 2010, but afterwards they rise and fall much more sharply over a shorter period of time. Stuff basically happens much faster in today's world.

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u/alexnedea 1d ago

Yeah but after 2010 we didnt have a proper recession. Covid was close but governments stepped in to help. This time governments wont be able to help if it all goes into the shitter. So it will take a few years for money to start floeing again

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u/Themtgdude486 1d ago

As a car nerd I never liked Tesla.

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u/Slapinsack 1d ago

You're right. Some human behaviors are so consistent that we shouldn't outright be dismiss them and the impacts they have on society.