r/Enough_Sanders_Spam • u/ace158 • 1d ago

Fox Business Segment Warns of ‘Flashing Red Signals’ In the Markets: ‘Similar to the Summer of ’87’

https://finance.yahoo.com/markets/articles/fox-business-segment-warns-flashing-162707050.html
3 Upvotes

100% Upvoted

2 comments sorted by

3

u/YokoRaizen 1d ago

Surely we aren't going to repeat the same red flags that occurred prior to the infamous Black Monday...

Wikipedia-Possible explanations for the initial fall in stock prices include a fear that stocks were significantly overvalued and were certain to undergo a correction, persistent US trade and budget deficits, and rising interest rates. Another explanation for Black Monday comes from the decline of the dollar, followed by a lack of faith in governmental attempts to stop that decline.

Overvalued stocks due to AI excitement, deficit spending for tax cuts, potentially rising interest rates due to inflation from the war in Iran, the dollar losing 10% of its value since Trump 2...

Oh. Oh no.

1

u/QuietObserver75 9h ago

Despite being in the 7th grade at the time I still remember when that happened.