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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u/YouDrink 2d ago edited 2d ago

I'm not confident on what Monday will do.

Shits real bad, but the markets pretty oversold from the last two days and about to try at SPX 5000. It could bomb down for a Black Monday, or could dead cat bounce against that support, that I don't think it's guaranteed it'll be deep red. 

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u/drjd2020 2d ago

Why do you think they "oversold?" Based on what?

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u/PreventativeCareImp 2d ago

How his fart smelled