European markets tumble after Trump travel ban, Stock Market crash, crypto crashing

[Dallas' 4 Eva]

I been stopped leaving my retirement money in a 401k account longterm because of something like this. Basically all economic growth since Obama was president got wiped out in a matter of a month. I cash out on my investments before too long, I'll leave a little in to build dividends but when I'm at a large enough margin in the black I pull my shyt out. Besides actually owning your shyt and decreasing your debt is just as if not more important than saving anyway. A lot of mufukkas gonna have million dollar 401ks and be done blew through half of it overnight cause they never actually bought a damn house.

 

[Imhotep2]

DOW opens with 2200 point loss, S&P 500 crash triggers Circuit breaker...this shyt may be worse than black monday '87

 

[calixprynce]

DOW down 12% or 2800 points , damn

 

[x2y]

Bitcoin at $4,642

 

[Imhotep2]

They may freeze the entire market today because of the fukkery





Oil prices per gallon are tumbling too

Cryptoset brehs are quietly having heart attacks


5 rate cuts by the fed, a trillion dollars later and it's still going down. Keep in mind, this is just the beginning. There are going to be massive amounts of people who default on their loans, massive amounts of layoffs, revenues for some companies will be half. There may be a temporary stimulus but this shyt is going to last months. The supply shock is going to be insane.

For the brehs who have cash and want to eat, you can put money in ETNs such as VXX, VIX, DWT, or shorts against the S&P 500 and NASDAQ (both went down)

Coming back to this one week later: Results:

DWT up 141%
TVIX up 170%
VXX up 72%

TVIX up 2000% in one month
Brehs sleeping on these ETNs.

This is just the beginning too