Just a little correction, the Rich sell off the market drops, we all panic, the rich buy back in and ride it up - never taking a hit.....while we do. I got back in on NVIDIA today under 100 DD
all money has been converted to BTC except pesos. Pesos are now chihuahua coins and can only be used at Taco bell or Chipotle.
https://www.cnbc.com/2024/08/06/asia-stock-markets-japan-household-spending-rba-rate-decision.html The Nikkei ended the trading day up 10.23% at 34,675.46, hitting its largest daily gain since October 2008 and highest ever spike in terms of index points. The Topix finished up 9.3% at 2,434.21.
whats messed up is that a lot of the trading platforms were down at Open, so many missed gains.....F them
I think long term they will be fine. They are basically the last advanced node semiconductor manufacturer left in america. US government isn't going to let them fail.
I don’t put much into this apocalyptic prophecies about the markets in part I have been reading them since 2008. People want to predict the next Great Recession.