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Posted
3 hours ago, Nue2thegame said:

Probably and hopefully not to 40,000. 

Back in 2008 when markets crashed spectacularly, someone said “this is when money goes back to its rightful owners”. We could see it again. 

Posted
On 2/24/2026 at 3:48 PM, Luv2play said:

Back in 2008 when markets crashed spectacularly, someone said “this is when money goes back to its rightful owners”. We could see it again. 

I guess the short sellers who did very well were the "rightful owners."

Posted
3 hours ago, Lotus-eater said:

I guess the short sellers who did very well were the "rightful owners."

As I recall it was the margin buyers who got crushed. Relatively few short sellers came out winners. But on the latter I could be wrong. Memories fade. 
But the banks took a beating. I always thought that Obama should not have bailed them out to the extent he did. 

Posted
8 minutes ago, Luv2play said:

As I recall it was the margin buyers who got crushed. Relatively few short sellers came out winners. But on the latter I could be wrong. Memories fade. 
But the banks took a beating. I always thought that Obama should not have bailed them out to the extent he did. 

The banks faced a liquidity crunch. Contrary to popular belief, financial firms (excluding the car companies) paid back the TARP funds with interest, which, along with asset sales, netted taxpayers about $50 billion.

Posted
On 2/24/2026 at 12:37 PM, Nue2thegame said:

Probably and hopefully not to 40,000. 

10% (45,000) is considered a "correction". 

20% (down to 40,000) is a Bear Market and 

"typically occur once every 5–7 years, with major historical examples including 1929 (Great Depression), 1987 ("Black Monday"), 2000–2002 (Dot-com bubble), 2008 (Financial Crisis), 2020 (COVID-19), and 2022 (inflation/rate hikes). These declines are often triggered by economic recessions, geopolitical crises, or rapid asset bubble bursts." 

image.jpeg

Posted
2 hours ago, topunderachiever said:

10% (45,000) is considered a "correction". 

20% (down to 40,000) is a Bear Market and 

"typically occur once every 5–7 years, with major historical examples including 1929 (Great Depression), 1987 ("Black Monday"), 2000–2002 (Dot-com bubble), 2008 (Financial Crisis), 2020 (COVID-19), and 2022 (inflation/rate hikes). These declines are often triggered by economic recessions, geopolitical crises, or rapid asset bubble bursts." 

image.jpeg

Every five to seven years, people forget that the Dow has a correction every five to seven years.

Kevin Slater

Posted
6 minutes ago, Kevin Slater said:

Every five to seven years, people forget that the Dow has a correction every five to seven years.

Kevin Slater

Monday’s market opening  should be interesting. At this point any scenario is possible. The next 36 hours will tell. 

Posted
22 hours ago, Lotus-eater said:

The banks faced a liquidity crunch. Contrary to popular belief, financial firms (excluding the car companies) paid back the TARP funds with interest, which, along with asset sales, netted taxpayers about $50 billion.

The financial firms that survived paid back. There were others that collapsed and took investors’ funds with them. As Warren Buffet said at the time, when the tide goes out you find out who is naked. Some were found to have evaded regulations but faced no repercussions. Homeowners were less fortunate and millions lost their homes. 

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