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Share market crash this morning. (Read 35991 times)
Bobby.
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Re: Share market crash this morning.
Reply #390 - Feb 6th, 2026 at 9:07pm
 

Dow looking to open pretty flat tonight:

https://edition.cnn.com/markets/premarkets

+0.26%
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Bobby.
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Re: Share market crash this morning.
Reply #391 - Feb 7th, 2026 at 6:27am
 
Wall street recovered overnight:


https://edition.cnn.com/business


DOW      50,043.79             +2.32%
S&P 500      6,922.99          +1.83%
NASDAQ      22,997.56     +2.03%
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thegreatdivide
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Re: Share market crash this morning.
Reply #392 - Feb 7th, 2026 at 10:22am
 
freediver wrote on Feb 6th, 2026 at 2:03pm:
Quote:
Robotics will eliminate the jobs capitalism depends on: New robots have the manual dexterity to replace factory workers


You don't need robots for that. We have been pulling people out of the mines and factories for generations, with simple things like design improvements and scaling up. Capitalism does not depend on them any more than it depends on the various other things people have previously claimed it depends on - like oil, or 99% of the population working on farms, or checkout chicks.


You forgot the current AI boom (and coming bust) Keen is addressing: AI will eliminate jobs, some of which will be replaced by robots, others by "simple scaling up and design improvements". 

Capitalism will survive - under  government  management, as opposed to free markets.

Hence the need for a state-provided high value UBI, to ensure consumers can afford the output of robotic producers.   


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thegreatdivide
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Re: Share market crash this morning.
Reply #393 - Feb 7th, 2026 at 10:23am
 
Bobby. wrote on Feb 7th, 2026 at 6:27am:
Wall street recovered overnight:


https://edition.cnn.com/business


DOW      50,043.79             +2.32%
S&P 500      6,922.99          +1.83%
NASDAQ      22,997.56     +2.03%


End times not in sight afterall, or a sign of increasing volitility as massive debt-fueled investment in Ai fails to produce commensurable profits?
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ProudKangaroo
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Re: Share market crash this morning.
Reply #394 - Feb 7th, 2026 at 11:27am
 
thegreatdivide wrote on Feb 6th, 2026 at 1:28pm:
Bobby. wrote on Feb 6th, 2026 at 11:30am:
ASX has crashed:

https://www.marketindex.com.au/asx200

S&P/ASX 200   8,724.1   165.1  -1.86%

1.00 AUD = 0.69159383 USD



https://edition.cnn.com/business


DOW      48,908.72           -1.20%
S&P 500      6,798.40         -1.23%
NASDAQ      22,540.59        - 1.59%


You've been warned:

https://www.ozpolitic.com/forum/YaBB.pl?num=1645944963/1395#1409

(prof. Steve Keen)

3 simultaneous economic shifts that will trigger recession

The AI investment boom follows a classic Schumpeterian cycle: Massive overproduction during the boom, bankruptcies during the slump, then technology gets integrated cheaply across the economy. We're entering the bankruptcy phase now with companies like OpenAI potentially folding.

Robotics will eliminate the jobs capitalism depends on: New robots have the manual dexterity to replace factory workers and AI can handle clerical work. When it's cheaper to buy a robot than pay wages, the working class jobs that create consumer demand disappear.

Tech bros will be forced to embrace government: They're building a world that can't function without universal basic income. They'll eliminate workers, lose their consumers, and destroy their own profit model unless government creates and distributes money.

We face two sliding door futures: Either universal high income where we all benefit from robotic productivity, or a Hunger Games scenario with a wealthy elite and a suppressed majority barely surviving.

This isn't another 2008. The debt dynamics are different. But the economic restructuring will be just as profound.


https://www.youtube.com/watch?v=IPcVosG8Mng


The US corporate layoffs for Jan we're nuts...
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Bobby.
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Re: Share market crash this morning.
Reply #395 - Feb 7th, 2026 at 1:00pm
 
thegreatdivide wrote on Feb 7th, 2026 at 10:23am:
Bobby. wrote on Feb 7th, 2026 at 6:27am:
Wall street recovered overnight:


https://edition.cnn.com/business


DOW      50,043.79             +2.32%
S&P 500      6,922.99          +1.83%
NASDAQ      22,997.56     +2.03%


End times not in sight afterall, or a sign of increasing volitility as massive debt-fueled investment in Ai fails to produce commensurable profits?



...
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thegreatdivide
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Re: Share market crash this morning.
Reply #396 - Feb 7th, 2026 at 1:15pm
 
Bobby. wrote on Feb 7th, 2026 at 1:00pm:
thegreatdivide wrote on Feb 7th, 2026 at 10:23am:
Bobby. wrote on Feb 7th, 2026 at 6:27am:
Wall street recovered overnight:


https://edition.cnn.com/business


DOW      50,043.79             +2.32%
S&P 500      6,922.99          +1.83%
NASDAQ      22,997.56     +2.03%


End times not in sight afterall, or a sign of increasing volitility as massive debt-fueled investment in Ai fails to produce commensurable profits?



https://i.imgflip.com/3368br.jpg


Er - the 'End Times' have been posited ever since St John closed Revelations with:

"He which testifieth these things saith, Surely I come quickly. Amen.
Even so, come. Lord Jesus".


I think men - 1900 years later - now must face the fact WE, not Jesus,  will determine the 'End Times', in a nuciear war or economic-ecological catastrophe.

You aren't helping much with the solutions for avoiding these 'End Times'.
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Bobby.
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Re: Share market crash this morning.
Reply #397 - Feb 7th, 2026 at 1:31pm
 
thegreatdivide wrote on Feb 7th, 2026 at 1:15pm:
Er - the 'End Times' have been posited ever since St John closed Revelations with:

"He which testifieth these things saith, Surely I come quickly. Amen.
Even so, come. Lord Jesus".


I think men - 1900 years later - now must face the fact WE, not Jesus,  will determine the 'End Times', in a nuciear war or economic-ecological catastrophe.

You aren't helping much with the solutions for avoiding these 'End Times'.



The End Times are here: - we've had:


economic instability   - share markets in chaos.

war in Israel. - what more proof after Gaza do we need?

plague - Covid-19 has caused a world wide catastrophe for over 5 years.
                       How many died from the vaccines?

pestilence - locusts in Africa , mice plagues in Australia - the worst ever.
and even the bees are destroyed by Varroa mite with 1000s of hives being destroyed which will cause famine.

pedophiles everywhere - even Prime Ministers and Presidents.

demons - many people are possessed - mass murders by lunatics.

floods - floods of Biblical proportions in Australia- worst in history.

Droughts -  it hasn't rained in Melbourne for 2 months.
                            we're already using desal water.

famine - 1 billion people starving to death already -


earthquakes - Samoa - one of the largest ever eruptions,
                        - huge earthquake in Afghanistan.

war - Ukraine, Syria, Iran, Israel, Yemen - Taiwan soon.


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thegreatdivide
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Re: Share market crash this morning.
Reply #398 - Feb 7th, 2026 at 1:59pm
 
Bobby. wrote on Feb 7th, 2026 at 1:31pm:
thegreatdivide wrote on Feb 7th, 2026 at 1:15pm:
Er - the 'End Times' have been posited ever since St John closed Revelations with:

"He which testifieth these things saith, Surely I come quickly. Amen.
Even so, come. Lord Jesus".


I think men - 1900 years later - now must face the fact WE, not Jesus,  will determine the 'End Times', in a nuciear war or economic-ecological catastrophe.

You aren't helping much with the solutions for avoiding these 'End Times'.



The End Times are here: - we've had:


economic instability   - share markets in chaos.

war in Israel. - what more proof after Gaza do we need?

plague - Covid-19 has caused a world wide catastrophe for over 5 years.
                       How many died from the vaccines?

pestilence - locusts in Africa , mice plagues in Australia - the worst ever.
and even the bees are destroyed by Varroa mite with 1000s of hives being destroyed which will cause famine.

pedophiles everywhere - even Prime Ministers and Presidents.

demons - many people are possessed - mass murders by lunatics.

floods - floods of Biblical proportions in Australia- worst in history.

Droughts -  it hasn't rained in Melbourne for 2 months.
                            we're already using desal water.

famine - 1 billion people starving to death already -


earthquakes - Samoa - one of the largest ever eruptions,
                        - huge earthquake in Afghanistan.

war - Ukraine, Syria, Iran, Israel, Yemen - Taiwan soon.


The Mongol conquests of the 13th century were a greater catastrophe, entire  cities across Eurasia destroyed by Ghengis' horseback-mounted bowmen.

The Black Death in 1347 was a far greater catastrophe than any of those.

The 30 years war in Europe in the 17th century.

It's just in modern times, for the first time in history, everyone knows what's happening everywhere.


The question remains:

What are your solutions to the economic, political and ecological problems facing us today?

My policies:

1. https://publicmoneypublicgood.net/

Note:public money, not "taxpayer money".
 

Likewise, global ecological problems can be fixed by money printing in a World Bank, properly constituted,  to fund intelligent  resource mobilization needed to fix man-made, looming ecological disasters.

Stop skirting YOUR responsibility, while swallowing the Bible's narrative re "End Times".


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Bobby.
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Re: Share market crash this morning.
Reply #399 - Feb 7th, 2026 at 2:09pm
 
Dear TGD,
some of my answers appear here:

https://www.ozpolitic.com/forum/YaBB.pl?num=1770002179/30#39
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freediver
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Re: Share market crash this morning.
Reply #400 - Feb 13th, 2026 at 8:06am
 
It's happening again Bobby. In between hitting record highs.
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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.
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Bobby.
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Re: Share market crash this morning.
Reply #401 - Feb 13th, 2026 at 8:24am
 
freediver wrote on Feb 13th, 2026 at 8:06am:
It's happening again Bobby. In between hitting record highs.



yes -  fear is driving the market.

https://edition.cnn.com/business

Dow
United States 49,451.98  - 669.42          -1.34%

S&P 500 United States 6,832.76  - 108.71  -1.57%

NASDAQ United States 22,597.15 - 469.32   -2.03%
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Bobby.
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Re: Share market crash this morning.
Reply #402 - Feb 24th, 2026 at 6:10am
 
SELL




https://edition.cnn.com/business

DOW      48,801.23          -1.66%

S&P 500      6,826.59      -1.20%

NASDAQ      22,562.71      -1.41%



https://edition.cnn.com/2026/02/23/investing/us-stocks-trump-tariffs


Dow sinks more than 850 points as tariff uncertainty and AI disruption fears roil markets



New York

Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs and nerves about artificial intelligence weighed on Wall Street.

The Dow was down 866 points, or 1.75%, in afternoon trading. The broader S&P 500 fell 1.25%, and the tech-heavy Nasdaq Composite sank 1.42%.

After the Supreme Court on Friday struck down the tariffs Trump had levied using an emergency powers law, the president over the weekend announced he would hike tariffs to a new level of 15% on imports into the United States via different legal authority.

The renewed focus on tariffs, in addition to confusion about potential refunds, is clouding the outlook for stocks. Wall Street’s fear gauge, the VIX, jumped 11% Monday and surpassed 20 points, a threshold that signals elevated volatility in markets.

“The push and pull with tariffs is likely to be a distracting theme for markets for the remainder of the year, albeit with less volatility than the initial shock last April,” Michael Landsberg, CIO at Landsberg Bennett Private Wealth Management, said in a note.

While investors are grappling with new tariff announcements, Wall Street is also wrestling with lingering weakness in technology and AI stocks. The tech-heavy Nasdaq is down roughly 6% since hitting a record high in late October.

Fears of AI disruption continue to weigh on markets. Citrini Research on Sunday published a report on Substack laying out hypothetical scenarios for how developments in AI could disrupt certain parts of the economy. Stocks that were mentioned in the report tumbled on Monday.
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Re: Share market crash this morning.
Reply #403 - Feb 24th, 2026 at 8:07am
 
Quote:
Wall Street’s fear gauge, the VIX, jumped 11% Monday and surpassed 20 points, a threshold that signals elevated volatility in markets.


The VIX is not significantly better at predicting future volatility (which it attempts to do using futures prices) than simply looking at current/past volatility. This is just a very complicated way of saying the indices are moving around a lot.
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Bobby.
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Re: Share market crash this morning.
Reply #404 - Feb 24th, 2026 at 2:10pm
 
Looks like it will trade flat tonight:

https://edition.cnn.com/markets/premarkets


Dow Futures
48,923.00

Fair Value
48,844.31

Change
+ 74.00   
+0.15%
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