Stock Market

[Bigfatcock]

Anyone remember the dates of two key events prior to the '08 crash?

- the 50 BPS rate cut
- the corresponding ATH for the S&P

I’m ready. Finally sold my Royal Caribbean position. Had 4,000 shares at $20 per share. Never planned to hold it this long, but damn did this one recover extremely well.

Sticking cash to the side for some opportunities I see coming up.

 

[XTREM HTR16]

Anyone remember the dates of two key events prior to the '08 crash?

- the 50 BPS rate cut
- the corresponding ATH for the S&P

Gotta add the third key event
- the housing market collapse

Don’t know that will happen with the other two this time. So what will be the third? World war??

 

[375fan]

Anyone remember the dates of two key events prior to the '08 crash?

- the 50 BPS rate cut
- the corresponding ATH for the S&P

What is ATH?

 

[NoDopes]

All Time High

 

[375fan]

All Time High

Thanks. Should have known it'd be something simple.

 

[AZLong]

Gotta add the third key event
- the housing market collapse

Don’t know that will happen with the other two this time. So what will be the third? World war??

That WAS the event. Actually the collapse of the financial industry due to subprime home loans and the resulting domino effect of loan defaults. Anything else was incidental or coincidental. There is nothing happening now remotely similar to the events of 08.

 

[CxAgent]

With the way major Data Center operator / owners are building this could be more similar to the .com bust. Might even see both. Housing market and .com bubbles burst at the same time which could also cause a major financial crisis for the trifecta.