Elections Everything was going Kamala Harris’ way. Then came the market sell-off.

[PG29 red0 Jr]

 

[Blayt7hh]

Holy sheet!!

I had no idea and that's extremely expensive.

But wow was that arena frisbee "pong" game good, Windjammers?

$200 is insane but games were probably much more expensive then you remember. Basically, they cost as much as games today. That’s not accounting for inflation. New games on the snes/genesis were like $50 on average and it wasn’t uncommon for them to be $70.

 

[jrams]

I mean, we're just gonna pretend like Trump didn't tell Powell not to cut the interest rates until he's President, yeah?

Trump must be really senile if he was telling the guy he nominated a year after becoming President to do things before he was President.

 

[Limeade]

How much of the recent sell off was related to overvaluation in AI and tech companies?

 

[MeatheadMike]

The SP500 is still up 10.5% year to date, which is pretty decent. It's almost as though some people don't give a shit about the big picture and are desperately trying to make everyone think that it's all doom and gloom for some reason.

Furthermore Harris, Biden, or even Trump are not responsible for the stock market. Specifically they are not responsible for problems with the Japanese currency, which forced Japanese investors to sell off a bunch of US assets.

 

[GoldenWolf87]

That didn't age well. Stocks rallied worldwide. Dow Jones Industrial Average rose 293 points, or 0.8%. The S&P 500 closed up 1%. The Nasdaq Composite was up 1%. The Russell 2000 was up 1%. Japan's index was down 13% but now it's nearly back to its previous level. And oil futures are trading up again which could mean things in both directions, but not a downward spiral.

It's not a market crash, just a sale on stocks you were going to buy anyway. I'm up about 12% over the past ten years and hopefully longer.

You need a longer time horizon for these things. Have you heard of boggleheads?

Food Prices are still soaring.
Rent prices are still high...

On positive note did markets rally again?

"Stocks rallied worldwide"

Temporary rally.

 

[High Test With da Best]

$200 is insane but games were probably much more expensive then you remember. Basically, they cost as much as games today. That’s not accounting for inflation. New games on the snes/genesis were like $50 on average and it wasn’t uncommon for them to be $70.

"Probably"

Not sure why, I remember buying games before that era starting with the 2600.

But yeah 50 or 60 not damn 200!

 

[HereticBD]

$200 is insane but games were probably much more expensive then you remember.

They were that high, because they were basically arcade cabinets on a cartridge. The industry moved away from cartridges because they were expensive to produce and limited on technological capability...in theory. If you don't give a shit about keeping production costs down(which Neo Geo clearly didn't), you can get more mileage out of them, if you make them the size of a double VHS cassette and essentially cram a fucking computer in there, LOL.

 

[HockeyBjj]

Dow and Nasdaq opening up again today. Looking like the Aug 5th drop was just a small ripple that's being corrected and not a crash.

Stock Market News from Aug. 7, 2024: Nasdaq Falls, Dow, S&P 500 Down; Nvidia, Super Micro, Disney, Lumen, Novo Nordisk, More Movers; Recession Fears Slip; Treasury Yields Rise

The Dow, S&P 500, and Nasdaq blew their biggest leads since 2022 in afternoon trading.

www.barrons.com

Nasdaq only down 0.6% since the Aug 5th 6.3% drop, Dow only down 0.9% after its 2.8% drop

Bunch of chicken littles in here

This quote made me laugh "Bank of Japan Deputy Governor Shinichi Uchida told business leaders the central bank won’t hike again while the market is so volatile, easing some worries." translation- "Sorry, my bad"

 

[koquerelle]

$200 is insane but games were probably much more expensive then you remember. Basically, they cost as much as games today. That’s not accounting for inflation. New games on the snes/genesis were like $50 on average and it wasn’t uncommon for them to be $70.

Games for my Intellivision were $35-40. I don't remember the cost for my Genesis games.

 

[Flower2dPeople]

Pulled one out of the arhvies!

Man grew up in wealth!

The Atari Jaguar! Wasnt that one expensive console? Up there with the Neo-GEO

I think the Jaguar was the cheapest compared to Saturn and ps1.

 

[Rational Poster]

I mean.

So far so good.

 

[Limeade]

Food Prices are still soaring.
Rent prices are still high...

On positive note did markets rally again?

Temporary rally.

You don't think it's moving the posts? Your thread focused on the market sell off. But it looks like it is rebounding if not over.

"Temporary rally." If you feel strongly about it, you could hedge against the stock market. S&P 500 inverted or other put options. But I wouldn't bet against America, that's not a winner position in the long term.

 

[luckyshot]

Hey @GoldenWolf87 how's the sky? Still up there?

 

[Long Dark Blues]

Ehhh, not so true.

While it’s true that nearly every single Section 8 hoodrat will vote for Harris, there’s plenty of suburban Karens out there obsessed with their hatred for Trump.

These women have cuck husbands earning mediocre middle class wages with 401k, while she gets fucked by the MAGA contractor that’s installing the pool in her sister’s house. (true story unfortunately)

Go on...

 

[badascan]

nobody in their right mind would choose Harris as a leader...

and Alien v Predator on the Jaguar was the shit! multiplayer from different rooms in the same house!

 

[Satanical Eve]

$200 is insane but games were probably much more expensive then you remember. Basically, they cost as much as games today. That’s not accounting for inflation. New games on the snes/genesis were like $50 on average and it wasn’t uncommon for them to be $70.

I remember a decent amount of my Nintendo 64 games cost $70 bucks. One of the cheapest games I ever purchased was ESPN NFL 2K5 for the Xbox priced at $19.99 when it launched. That was and still is my all time favorite NFL game

 

[HockeyBjj]

Nasdaq closes up 2%, Dow adds 400 points as tame inflation data fuels market comeback

U.S. stocks were higher Tuesday as investors parse this week's first batch of key inflation data.

www.cnbc.com

 

[GoldenWolf87]

Hey @GoldenWolf87 how's the sky? Still up there?

The sudden stock drop/slump wasnt normal.
It was a indicator

Just saying...

Although the U.S. is not currently in a recession, economists fear that one may be on the horizon following a stock sudden stock market slump in August.

 

[Substance Abuse]

This thread aged as well as McGregor saying he was going to fight multiple times in 2024, last year.