r/wallstreetbets • u/Luk164 • 1d ago

Loss I thought I was buying the dip :(

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Am noob, thought I was buying the dip, market reopening with -5% quickly taught me I was not. Should I hold?

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315

u/1HE__0NE 1d ago

if you think this is the dip wait till we get into recession

-76

u/Difficult-Court9522 1d ago

We dropped 20% compared to the peak. Can it drop more?!

21

u/ninjadude93 1d ago

Maximum market drop was like 83% back in the 1920s lol tariffs are even more extreme this go round

14

u/ThroatPlastic6886 1d ago

Lmao. Tariffs are not more extreme than banks just not having anyones money in the 1930s

14

u/ninjadude93 1d ago

Im saying the rates imposed are more extreme

3

u/ImmanuelK2000 19h ago

what exactly makes you believe banks nowadays have people's money, when our monetary system is designed as a fractional reserve (i.e. a bank only needs to have on hand about 10% of the deposits it "holds")

1

u/ThroatPlastic6886 19h ago

Banks back then needed to have 0% on hold because they were totally unregulated. 

Also there is FDIC and SPIC today. Ever heard of them? 

3

u/ImmanuelK2000 18h ago

Yeah, that is the government stepping in if the bank fails. It simply means that if a bank fucks up, the taxpayer comes in to bail out the clients of said bank. Places very little burden on the banks to actually play nice.

5

u/Frosti11icus 1d ago

Remember all those banks failing a couple years ago for reasons that weren't made entirely clear and the government just sort of managed to make the problem go away?