'2008 stock market crash' Oct. 24 2008. Stock futures hit limit down. CNBC Opening Bell

Рет қаралды 494,285

Luc Davidson

5 жыл бұрын

Пікірлер: 1 200

@Rick_Foley 3 жыл бұрын

I force myself to watch this every time the market hits record highs.

@The_Unintelligent_Speculator 3 жыл бұрын

I will from now 😂😂

@kdpowers 3 жыл бұрын

Let's hope inflation post covid doesnt snowball lol

@dende3442 3 жыл бұрын

😭 gas is up

@spac18 3 жыл бұрын

Preparing for the post covid market crash

@nosajgames 3 жыл бұрын

Well today was the day for a correction.

@Taureg 3 жыл бұрын

Imagine you rung the opening bell and the stock market does this...

@luc0007 3 жыл бұрын

They rung the bells of death

@warbongos9410 3 жыл бұрын

lol, looking at their stock you wouldn't think it carried any negative press.

@owowaudi 3 жыл бұрын

they start ringing the bells and for whom the bells tolls starts playing

@cythefox7510 3 жыл бұрын

I would troll and ring it a minute late

@kdpowers 3 жыл бұрын

I actually had BioRad not long ago in my portfolio lol

@NapoleonDynamiteer 4 жыл бұрын

His face when -50 becomes -200 in a couple of seconds...

@dailyfuturetrades4998 3 жыл бұрын

For that to occur in a couple of seconds that is a big volume from an individual entity or coordinated multiple entities at the same time.

@pedronabais1456 3 жыл бұрын

@@dailyfuturetrades4998 odds are some center was finally able to send the sales from their part to the main center

@teabola 3 жыл бұрын

@@dailyfuturetrades4998 All the banks and funds and everyone who were long in the housing market had to close almost all of their positions in other stocks to cover for their losses from the housing market and the housing market shorters.

@Downtime_videos 2 жыл бұрын

@@dailyfuturetrades4998 definitely big hedges insider trading ahead of everyone ,pulled out like the scum they are while the rest of the world burned

@stupidminotaur9735 2 жыл бұрын

The republicans should have let them fail all the big banks.

@olvinfuentes7514 3 жыл бұрын

when you buy the dip but it keeps going lower

@xoxxo236 3 жыл бұрын

guh

@worldofgaming4301 3 жыл бұрын

Inevitable. Gotta accept it.

@dddd717 2 жыл бұрын

@@xoxxo236 🤣 that was brutal to see

@ralphjeromebatuigas7462 2 жыл бұрын

then buy more as it goes lower

@yaboiii64 2 жыл бұрын

ah yes the art of catching a falling knife. good stuff. It is my favorite hobby.

@Beatricegove733 Ай бұрын

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@carssimplified2195 Ай бұрын

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@PatrickFitzgerald-cx6io Ай бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@NicholasHarmon-ow3jl Ай бұрын

How can I reach this person?

@PatrickFitzgerald-cx6io Ай бұрын

‘’Aileen Gertrude Tippy’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@NicholasHarmon-ow3jl Ай бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@Old299dfk 3 жыл бұрын

3:47 - somebody just lost every penny they had.

@christiankowalski826 2 жыл бұрын

5:05 💀

@Fretzton 2 жыл бұрын

@@quantrill5565 hey man that's really tough but I'm still struggling to understand how something like this happens, can you elaborate a little more? Were all on credit? Or how come you lost everything?? Sorry if this hits like an ignorant question but I didn't lived this and the more I see about it the more confusing it is

@oscarlandag1831 2 жыл бұрын

@@Fretzton in the market you can use options which give your money leverage. Gains are multiplied as well as losses. You can spend trillions on options and if they go to 0.1 you can lose everything in a risk off moment like this. Stocks also lose value but you can often salvage something though it may be at a loss or small gain

@diablo55 2 жыл бұрын

That’s exactly why you don’t invest money you can’t afford to lose

@oscarlandag1831 2 жыл бұрын

@@diablo55 there’s really no such thing

@mbasemann 3 жыл бұрын

The overwhelming ominous feeling I get watching this and looking to our future makes my stomach hurt.

@luc0007 3 жыл бұрын

'An ounce of prevention is worth a pound of cure' Millions can use the lessons of the past and try their best to prepare for their future accordingly. The 2020's will have a lot of people living in cars/RV's, cabins in the woods, in closets, 8 people to a 2 bedroom apartment.

@TheLegitAlpha 3 жыл бұрын

As far as I know, these Creecys will keep repeating themselves in this system. It’s not broken, it’s working as intended.

@LaSombraa 3 жыл бұрын

get ready bitch, better make a portfolio that can handle the bear and bull market... play those options.

@tywilson6263 2 жыл бұрын

Literally

@Gonken88 Жыл бұрын

That's why you prep. The more debt the harder you're gonna fall. And it's going to fail. All currencies are going to be changed for 1. As all governments. If that's not clear to you by now... good luck.

@dimitristripakis7364 3 жыл бұрын

Stocks are high: "They are rising, buy now!" Stocks are low: "What a bargain, buy now!"

@LiquidityOcelot 3 ай бұрын

Mixing in some other assets is how to do it in reality :). I grew up working class and investing has been an entire game changer for how I treat my money. Honestly, dollar cost averaging even during market downturns got me having almost a million dollars in my portfolio

@Mhousley 3 ай бұрын

$1m! You must be quite versed in the market. How do you do it? I had $110K in TSLA for a year and a half and not much changed in that time period

@OhhHellNoYouWont 3 ай бұрын

I take the stance that we stick with our target allocations in all markets. The market goes up ~10% per year over the long haul. This isn’t random either, there is direct correlation with company earnings.

@VanillaCherryBread 3 ай бұрын

DCA FTW

@LiquidityOcelot 3 ай бұрын

I did use a fee only advisor to get started. I picked a CPA/CFA combo in 2021 and her in-depth research has been invaluable in identifying profitable opportunities for my portfolio.

@thehalfbloodprince5279 4 жыл бұрын

I remember Subway gave us the 5 dollar foot-long.

@Dagrizzb 3 жыл бұрын

You're gunna make me cry.

@adude8424 3 жыл бұрын

and it was actually A FOOT long

@JorgeOrtizIII 3 жыл бұрын

It was actually quiznos, Subway just had better marketing.

@Dagrizzb 3 жыл бұрын

@@JorgeOrtizIII "The early bird gets the worm. And the second mouse gets the cheese."

@dimitristripakis7364 6 ай бұрын

@@Dagrizzb Eye opening words, thank you!

@T-Dog_nation 3 жыл бұрын

You can hear the desperation in their voices and it sounds more and more dire with each passing second

@GoldenChildBH 4 жыл бұрын

This wasn't even a KZfaq suggestion - I searched for this and I have not a single clue what is even being said. Why am I here?

@joannagaudini9552 4 жыл бұрын

literally me hahaha

@v1cTh0r. 4 жыл бұрын

Same here 😂

@MrTin_09 4 жыл бұрын

Margin Call brought me here

@jasp9661 4 жыл бұрын

Yep

@Trihawk7 3 жыл бұрын

You're still ahead of the other 99%

@edwinc81 3 жыл бұрын

2008: market opens -100pts 2020: hold my beer.

@henryviiitudor7023 3 жыл бұрын

if you don't understand percerntages then ho do you even invest????

@luc0007 3 жыл бұрын

The Nasdaq composite was only 1500 back then and dropped 6.7%. It's now at 13,404, a 6.7% drop would be 897 points! Doesn't sound like much but that's a lot of retirement funds for regular folks turning to zilch

@Dagrizzb 3 жыл бұрын

2008 was the result of reckless lending, 2020 was the result of reckless management.

@senseiadam-brawlstars9465 3 жыл бұрын

@@luc0007 um.... a 6.7% drop doesn't make your account go to 0...

@BabyFarkMcGee 3 жыл бұрын

Lol huge difference

@lukebradley7879 3 жыл бұрын

Imagine all the people who were looking forward to retire and cash out on there 401ks in 2008

@JohnySilver7 2 жыл бұрын

If you’re about to retire you don’t put all of your equity into stocks. You’d transition into bonds the closer you’re to retirement

@TheThepusherman7 2 жыл бұрын

@@JohnySilver7 but wasn’t it the mortgage bonds that failed?

@JohnySilver7 2 жыл бұрын

@@TheThepusherman7 yup, but not all bonds are backed by mortages. Obviously, if you invest in, say, oil company bonds, and oil sector fails, then bonds will follow too.

@mattbenz99 2 жыл бұрын

@@TheThepusherman7 Mortgage bonds are 1 type of many bonds. If you are buying bonds, you are usually doing it through a diversified bond fund that buys and holds bonds from across the world to average out risk and returns.

@djack915 2 жыл бұрын

Treasury notes ( U.S. ) are most stable , if u cash out of stock and buy them, close 2 retirement that = peace of mind- until the 🇺🇸 USA defaults 😉

@algreentube 4 жыл бұрын

This is one of the most historical things caught on film. Great great capture. The money lost in this one week, or even this one month.........WOW

@Nouveau0 3 жыл бұрын

It lasted till 2009

@souvikrc4499 3 жыл бұрын

@@Nouveau0 And it wasn’t until 2014 that the U.S. finally recovered all the jobs that were lost during the Great Recession.

@Montano214 2 жыл бұрын

5 trillion

@mark33545 3 ай бұрын

You dont lose until you click sell

@jamesbyrne9312 3 ай бұрын

Yes but you lose years of gains if your equity is cut in half

@bluecheese5599 4 жыл бұрын

Who’s here during the market crash in 2020 cuz of The corona virus

@matthewlorono 4 жыл бұрын

Crash isn't caused by COVID-19. COVID-19 is the catalyst for something that was already going to happen. That said, it's a bit worse because it did turn a potentially run of the mill recession into something a bit more dramatic.

@118Columbus 4 жыл бұрын

fortnite isnt good Mark Haynes! What a complete fucking idiot! Now he is dead of a heart attack at age 65 (I believe). The female reporter (Erin Burnette?) then was hot and now she is middle aged and not so cute!

@118Columbus 4 жыл бұрын

GE trading at $17.50 per share! That is pretty good versus it’s 2020 price!!

@TicklerDude 4 жыл бұрын

I bought Boeing at $326. It was at $98 about ten days ago. Ouch!!!

@adalidomar4366 4 жыл бұрын

@@matthewlorono Totally true. Everyone who can THINK saw the damn bubble at least on October, 2018.

@Ingens_Scherz 2 жыл бұрын

RIP Mark Haines. Lovely guy who steered viewers through the crash with wisdom, humor and total integrity.

@Sesamestreet9080 4 жыл бұрын

History doesn’t repeat itself but it often rhymes

@PeachDragon_ 3 жыл бұрын

History most definitely repeats itself

@Guitardudeftw 3 жыл бұрын

@@PeachDragon_ no it doesn’t, nothing is ever the same.

@PeachDragon_ 3 жыл бұрын

@@Guitardudeftw well no shit

@user-wq9mw2xz3j 3 жыл бұрын

@@PeachDragon_ thus "doesn't repeat itself but rhymes*

@PeachDragon_ 3 жыл бұрын

@@user-wq9mw2xz3j fair enough

@themrbob737 3 жыл бұрын

Damn I was just an 11 year old kid I can't imagine how terrifying this was for my parents

@BITCOIlN 3 жыл бұрын

I was too but I never heard of 2008 crash or what stock market is.

@luc0007 3 жыл бұрын

I was 13 and wasn't paying too much attention to stocks back then. My family which was upper-middle class became part of the dissolving middle class, ended up moving away from the city(Taxes, cost of living became way too much, plus parents had a lot of credit card debt). I can't help but find it funny when politicians brag about recovery success after 2008...Because the sad truth is that tens of millions of people never recovered after 2008.

@TheLegitAlpha 3 жыл бұрын

My dad was not alive to witness this. Probably would have freaked out about it too.

@dragonslayer7814 3 жыл бұрын

Id be salivating looking at that delicious dip

@mogtrader8 3 жыл бұрын

@@luc0007 It's because people got hurt from prior crashes and what not. Hindsight is 20/20, and modern day euphoria makes it seemingly cool, but many no longer touch stocks anymore. Think about it, if you had lost everything in the dotcom, 2008 and all else in between, it's just idiotic to take the same risks against history. just my 2 cents

@anthonykatsivalis224 3 жыл бұрын

I was 5 when this happened, my family lost our house, and restaurant from this in Indio, my dad told me since I was 5 and didn’t understand the socio-economic impacts of a financial crisis, he told me “people don’t like the desert” Edit: people were also losing their businesses from this too.

@isaiah12310 Жыл бұрын

I’m From Bermuda dunes in the desert ! My dad also lost a lot during the recession . I was 8

@ricardodelacrvz1400 Жыл бұрын

my parents divorced 1 2 years after this, over mortgage default. in south europe.

@MissAmazanda 4 жыл бұрын

I remember back in 1998 when I graduated high school they were tearing up every bit of land they could get their hands on around where I live and building all kinds of shit.. big apartment complexes, houses, businesses you name it...I thought this is crazy all the building that is going on but then the housing and construction bubble burst and we hit the economic crisis in 2009 and the big picture was a little more clear.

@jbweld6193 3 жыл бұрын

Happening again... keep your memory clear and capitalize on the things to you missed out on last time. Every generation is given its chance to go big.

@andrewmorgan5541 3 жыл бұрын

Baby boomers

@johnvincent3178 3 жыл бұрын

" Honesty is a very expensive gift. Don t expect it from cheap people" - Warren Buffet.

@greenlight2323 3 жыл бұрын

Warren Buffet is an Investor. Not a shark not a trader.

@diablo55 2 жыл бұрын

That’s what I was thinking watching all these “experts” talk about how it actually “won’t be that bad” and trying to get people not to sell. They literally ruined people’s lives talking like that

@jerrysanders9101 2 жыл бұрын

Buffett is a disappointment. Another greedy leftist hypocrite. Thanks Warren… I’ll take my chances on that Bitcoin you hate on so much.

@jerrysanders9101 2 жыл бұрын

@@greenlight2323 you forgot a hypocrite.

@mattn.8941 Ай бұрын

@@diablo55 Well if you had held on until October of 2008, you might as well keep holding. At the time this was filmed, the market was already down about 45% from the peak (peaked in Oct 2007) and it bottomed around 55% (in Mar 2009.) The people in this video were actually right that buying in around those lows would yield massive gains.

@slbr3250 3 жыл бұрын

Guy screaming at 3:47

@Rodddy 3 жыл бұрын

@M L say what?

@mineko2219 3 жыл бұрын

@@neighbor9672 Dude legit was in pain.

@Jp-mn1rq 2 ай бұрын

😅

@FromRootsToRadicals_INTP 2 ай бұрын

Lol yep.

@alquinn8576 Ай бұрын

😱

@jeremyrowe8224 2 жыл бұрын

9:35 really good spot for people new to markets to listen to - completely right. The market didnt bottom for quite a while but the move off the bottom was gigantic.

@thecryinglaughemoji299 2 жыл бұрын

100% agreed

@MarkSmithhhh 2 жыл бұрын

Yep, it could drop forever it seems but when it bottom the wick is gonna be INSANE

@tywilson6263 2 жыл бұрын

You understand 🤝. We are in shambles and it’s being covered by the governmental Trojan horse.

@julianj9830 Жыл бұрын

Of course. It was orchestrated for the 1%

@brookss2141 2 ай бұрын

The dow is roughly 5 times bigger than it was back then. It's the equivelent of a about a 2,250 point drop today

@amorem4660 2 ай бұрын

dayum..

@hipplel 4 жыл бұрын

Never listen to these guys. They have no damn clue. They will always feed the public POSITIVE news and always try to see the bright side of it. Don't let this next crash get you like it did for so many investors in 2008

@brandonvillatuya9539 4 жыл бұрын

No one has 100% clue. But the stock market had a massive recovery after 2008, granted it is finally losing steam imo. Hypothetically if one of them said this was a buying opportunity at that time, they would have been right. The real problem wasn't the stock market alone, but more of the recession and the housing crisis

@anon3837 4 жыл бұрын

Buy gold.

@joetaylor197 4 жыл бұрын

anon go home

@joetaylor197 4 жыл бұрын

Brandon Villatuya 2008 was the best buying opportunity since the 30s the market will ALWAYS go back up, then it’ll go back down

@dynamicdeltahedge 4 жыл бұрын

They were 100% right though. It WAS a buying opportunity for those with the right level of risk tolerance and timeline

@EdwinWade 3 жыл бұрын

I’m here after watching “The Big Short”. Diving down the net if there’s an archive video of the moment when the markets collapsed. I gotta say it was shocking understanding what really happened. I’m not in finance either.

@1v100 3 жыл бұрын

Same here

@MarkAnthony072688 3 жыл бұрын

Me too just watched the big short

@poorscottishgirl6317 2 жыл бұрын

Same!!!

@JaniceB1217 2 жыл бұрын

Same here #thebigshort

@djack915 2 жыл бұрын

Very educational movie 🎬 , even for ppl who invest all the time

@dailyoptions7832 3 жыл бұрын

Imagine owning amzn, apple, google back then and held on.....jeez

@LiveMental 3 жыл бұрын

Same goes for today...new company’s will eventually catch up to them! Just need to find the hidden gemz

@strawberry97ish 3 жыл бұрын

@@LiveMental virgin galactic making me money SPCE also penn national gaming but I’m new tryna find other gems

@BITCOIlN 3 жыл бұрын

@@strawberry97ish SPCE and GME are stupid redditor memes, not gems.

@Makattack130 3 жыл бұрын

@@BITCOIlN what do y’all recommend then?

@brucehickey191 3 жыл бұрын

@@Makattack130, Embraer, Air bus, International consolidated airlines ($IAG), Altria, $MUDS, Azul (assuming acquisition takes place), $ZNTE (assuming merger takes place), Alibaba under $200 (juiciest around $180), Hightide if they can expand in USA and very few others, market is very over priced. Trades > investments right now.

@IMR95 Жыл бұрын

2008 quality look like the 1990s holy shit

@eingelvf 3 жыл бұрын

MICROSOFT $21 😍😍😍

@coshvjicujmlqef6047 2 ай бұрын

but microsoft was considered a failure during 2000-2014

@eingelvf 2 ай бұрын

@@coshvjicujmlqef6047 yeah. Consider by "speciallists" to make u dump free shares to them

@Zagirus 2 ай бұрын

@@coshvjicujmlqef6047 No, it wasn't. What are you talking about? They were still profiting from Windows, Office, enterprise stuff, etc. It's just that their business was stagnant compared to today. In fact, their valuation was way higher than Apple's.

@Zagirus 2 ай бұрын

@@coshvjicujmlqef6047 No, it wasn't. What are you talking about? Microsoft was still profiting from Windows, Office, enterprise stuff, etc. It's just that their business was stagnant compared to today. In fact, their valuation was way higher than Apple's.

@TheDavidRJ Ай бұрын

@@coshvjicujmlqef6047 No, It was not lol.

@mirkopeeraphat2619 3 жыл бұрын

Why 2008 looks like 1998?

@ditcher6146 2 жыл бұрын

This is why crash happened in 2008

@sussyimposter572 4 ай бұрын

prolly bc it was recorded on a videotape

@anonyfamous42 3 ай бұрын

@@sussyimposter572 YOutube already existed back then no need for tape

@KenjiEspresso 3 ай бұрын

VHS tape my bro bro. Look at the horrible tracking. That’s vhs copy of a junk cable tv channel.

@frankvidarte1988 3 жыл бұрын

I watch this video once in a while to remind myself what the stock market can do to you

@bhe8336 Ай бұрын

If you held all of these stocks displayed to now and did not sell you would have multiplied your money by a multiple of at least 10.

@kenifVINtage 3 жыл бұрын

if you bought BIO RAD in 2008 for 74 dollars a share and you never sold it, Bio Rad is now at 674 dollars a share in 2021

@yashpatel261 Ай бұрын

It is 287 in 2024 and falling with a negative PE ratio.

@brandonvillatuya9539 4 жыл бұрын

7:50 this guy knew what's up

@timerider4344 4 жыл бұрын

Brandon Villatuya Exactly. Very relevant today ;)

@mcawesome4150 4 жыл бұрын

Or rather what was down

@The45digitz 4 жыл бұрын

He probably bought a couple of Puts lol

@plutobaby9996 3 жыл бұрын

This guy was definitely up to some insider shit

@user-vi4xy1jw7e 3 жыл бұрын

@@plutobaby9996 How so?

@brianalonso9188 2 ай бұрын

Anyone here in 2024 wondering if it will happen again?

@johnnypinkleton9410 Ай бұрын

Not likely. Diamond hand through up and down and we’ll be back where we are.

@FileForename Ай бұрын

Apparently it happens regularly over the decades. Or "this time it's different"? 😉

@davidbrooks8809 Ай бұрын

Maybe 😮😢😅😊

@brucetec6597 Ай бұрын

If it does, I'm going all in near the end of trading.

@johnnypinkleton9410 Ай бұрын

@@brucetec6597 to the moon 🚀

@catfishhotdogtape9303 2 жыл бұрын

You can really hear the panic in some peoples voices. It’s absolutely terrifying to think that some peoples money just ceased to exist in just a few seconds

@lyon9489 3 жыл бұрын

That first guy being interviewed on the floor was a genius, if he was buying a lot he must be extremely rich now

@mcblanc900 4 ай бұрын

Most likely he bought and lost a lot, it's almost impossible to catch the bottom. Also even if you do there is almost 0% chance that you just hold this position 15 years. Also inflation. So it's not this big deal as you think. Everyone can buy when price is lower but almost nobody know when exactly it's right time.

@robloxvids2233 3 ай бұрын

He was way off. It was down 8% here. It went down another 32% or so. If he was sitting on cash and bought in at 8% down it would have taken him years to recover. He's an idiot.

@shxwnj1780 2 ай бұрын

@@robloxvids2233he couldn’t have known at the time

@cyril2702 Ай бұрын

@@robloxvids2233For context, the top of SP500 was 1550 in 2007, it opened at ~850 on that clip, before bottoming at ~700 in 2009 and recovering to fresh all time highs in 2013

@mattn.8941 Ай бұрын

@@robloxvids2233 In Oct 2008, the S&P was about 45% down from the peak in Oct 2007. It bottomed in Mar 2009 at around 55% from the peak. This would've been an amazing time to buy.

@issemxfi 3 жыл бұрын

This footage looks so old.... It will be in UHD in 2021...and I'll be smiling...

@mountainready6667 4 жыл бұрын

Peter was right

@age_of_reason 3 жыл бұрын

This video was posted Sep 2018 of a bear market that happened in 2008 and it only has 100k views. This new generation of investors are not interested in history.

@melvinsmiley5295 11 ай бұрын

Younger people should always reach out to those that are older and have seen much more…often times they will share their knowledge. I was always taught to learn from and respect your elders. You can’t find all the answers on Social Media platforms.

@JoesLife89 2 ай бұрын

We are ridiculously close to another crash

@alquinn8576 Ай бұрын

@@JoesLife89 well then you should buy some SPY puts and make a fortune

@mk007. 4 жыл бұрын

I wish I buy amz at $40 a share ))

@skiran69 3 жыл бұрын

Yaa.. me too

@Nintendo101Channel 3 жыл бұрын

I would’ve bought even at $500

@lyon9489 3 жыл бұрын

Unbelievable, people who bought Amazon, Google, & Apple on this day & held till now are at least millionaires if not billionaires

@mk007. 3 жыл бұрын

@@lyon9489 not me ((

@SimplyCali619 3 жыл бұрын

@@lyon9489 it's just too bad it wasn't as easy to buy stocks then than it is now. If I would have bought just 100 shares of AMZN at 42. That 4200 is now 33000.

@999g7 2 ай бұрын

my birthday is October 24th, I turned 8 years old as this was happening. Man I miss being a kid…being blissfully unaware of the adult world around me

@alessiodelcastillo1613 3 жыл бұрын

@xx-mreba-xx4051 3 жыл бұрын

Was? It is but the first volley

@vanitas4841 3 жыл бұрын

Gamestop is the first step on the path to revenge. The game is only beginning.

@carladams9345 3 жыл бұрын

Power to the players

@NoName-cc9cy 3 жыл бұрын

The works not done

@alessiodelcastillo1613 3 жыл бұрын

@@NoName-cc9cy No it isn't. Hold the line

@krismine99 4 жыл бұрын

Oh my gosh, GE was influential enough back then that they owned CNBC, had no idea

@118Columbus 4 жыл бұрын

King Christophis Peak GE was around 1999. At one point they were the largest market cap company and bigger than Microsoft!!!!

@jroo272011 Ай бұрын

GE literally owns America...

@mallardcutter7209 Ай бұрын

@@jroo272011not anymore. That would be Amazon and Apple.

@ChrisDodges123 Жыл бұрын

2:13 He's so worried and she's tryna play it off lol

@renewii 3 жыл бұрын

AMAZON AT 40 USD, NOW ITS 3000 🥲🥲🥲 MSFT at 21, now is 200

@inferno3080 3 ай бұрын

MSFT $430.00

@coshvjicujmlqef6047 2 ай бұрын

i bought microsoft at 420 and it crashes. QQ

@AlexXanderMarketing 3 ай бұрын

I’ll never forget watching the market during the crash of 2008. The volatility was absolutely insane. You would drop 6% over the first hour, only to fully recover and be UP 4% by 9am, only to lose it all again (and more) over the next couple of hours. Without having lived it, you just have no idea how insane it was. The volatility we experienced during the covid crash was NOTHING compared to 2008. FWIW, the market wouldn’t bottom for approximately another 4.5 months from the date of this tape.

@fern5811 3 ай бұрын

I can just imagine the volatility plays u could have done

@Harkz0r 3 ай бұрын

Damn, that's insane. I knew nothing about the markets during this time, I was just thinking how much someone could've made shorting while this was going on but if the bounces were less 'dead cat' and more 'roaring tiger', I'm sure some people were margin called/liquidated trying this lol. Wish I could've seen it.

@lozicrazy 2 жыл бұрын

I really appreciate when video graphics and microphones weren’t creeping up into crazy quality

@inharmsway526 2 жыл бұрын

This was likely recorded off a vcr lol

@huntercoombe8462 2 жыл бұрын

Imagine how those people who were buying Microsoft, Apple, Amazon, etc during this crash are doing now

@24306529 2 жыл бұрын

i was going to say the same..apple at $90..MS at $30..google at $330

@ahiwalter9153 Жыл бұрын

those people were already wealthy so…

@inigobantok1579 Жыл бұрын

Nasdaq is going crap from October to around like 1st quarter of December I. 2008

@internetpointsbank 3 ай бұрын

Adjust those prices for actual inflation.

@evanwilliamson3602 2 жыл бұрын

I’m researching to get a glimpse of what’s to come for my portfolio 😂

@SmackTime 3 жыл бұрын

GameStop: Power to the player

@MonMon-vy8cb 2 жыл бұрын

Best lesson to learn as a new trader.

@melvinsmiley5295 11 ай бұрын

I always enjoyed Mark & Erin broadcasting from the floor. RIP Mark.

@boppob1343 4 жыл бұрын

The guy at 12:40 and the 2 interviewers know whats happening for sure. and Good on him for recognizing that there is a disconnect between wall street and the rest of America's housing crisis.

@olerb1501 3 жыл бұрын

3:48 the sound you make when stocks go down 😢

@IceHax 3 жыл бұрын

LMAO

@alexramirez205 3 жыл бұрын

You can hear the pain in his scream rip

@kdpowers 2 жыл бұрын

2008: aaaaGGGHHH. 2021: guh.

@theafordablefix1279 3 ай бұрын

This wasn't even one of the worst days during the GEC. There were a handful of minus 7% days, this was a 5%. Remember this: At the bottom you won't want to buy; at the top you won't want to sell.

@Karla-ok9qd 3 жыл бұрын

Even as the market was crashing they were trying to say everything was okay. And they're are people saying this cost of real estate going up is a good sign. I will believe it when I see it. There is a reason interest rates are on all time low.

@pathflight9803 2 жыл бұрын

I was just staring investing at this point. Very valuable lesson to learn, earlier the better The bottom can be very low indeed

@samuelmarquez3757 2 жыл бұрын

How I feel as soon as I buy into crypto and there is another dip 😭

@CelticSparrows 3 жыл бұрын

So many suicides as a result of the 2008 Recession. So much human and financial loss due to greed amongst high level bankers.

@CCROGGY 3 жыл бұрын

Wait till the economy continues to sell off this year. It will make the recession of 2008 look like child's play

@Smetko2 3 жыл бұрын

the way i see it it was not a loss. It was just a bunch of money dissappearing that should not exist in the first place. So it was "back to reality" kinda deal.

@Nouveau0 3 жыл бұрын

@@CCROGGY Nah look at where we are now

@LaSombraa 3 жыл бұрын

Amazon stock is sitting at $2600 a share... Jesus christ

@CCROGGY 3 жыл бұрын

@@Nouveau0 unfortunately, debt is still skyrocketing to unstable levels as we speak. Thankfully, my shares are up tho lol

@darthdata5264 5 ай бұрын

Who ended up here now in Feb-2024 very worried about what’s currently happening? Look at our housing prices now and pending recession.

@09lego 3 жыл бұрын

Never forget 2008 Ape together, ape strong

@ggaccentc 4 жыл бұрын

When banks and investors failed us

@romans6788 3 жыл бұрын

@i get it this!

@davecruz3000 3 жыл бұрын

Satoshi cooking Bitcoin

@ethanmack8799 3 жыл бұрын

Government regulation*

@Aeon_Is_Near 2 жыл бұрын

Who said their goal was to benefit "us"

@themanwithallthewrongopini3551 2 жыл бұрын

@@Aeon_Is_Near They never cared man. Very few have obtained success through kind and moral gestures. The only way people got to the top was stealing from the rich and killing the poor.

@madimakes 2 жыл бұрын

Curious what the OI on puts were that day and whether one could get in and out of puts and sell calls easily

@mikewilloughby1119 2 жыл бұрын

I miss Mark. Great reporter! Nice man!!

@amielgarcia8865 3 жыл бұрын

Im here after watching the big short movie hahah

@MandeepSingh-qw5nw 4 жыл бұрын

This guy knows . He definitely made a lot of 💰. 7:50 and 10:30

@julianschmahl8267 3 жыл бұрын

Yeah man makes you kinda wish we would get something like that again lol

@erikfigueroa6390 Жыл бұрын

The man really had the perfect counter to the crash and no one heard him😅

@3377ftw Ай бұрын

Lol the market didn't bottom for another 6 months

@blackspiderman1887 2 жыл бұрын

Fun isn't something one considers when balancing the stock market..........but this does put a smile on my face

@krishkrish8213 2 жыл бұрын

Looking at this know , the discounts here and opportunities in this makes me cry

@senseiadam-brawlstars9465 3 жыл бұрын

Funny that BIO-RAD is up 300% over the last 5 years

@p.w.5199 4 жыл бұрын

Amazon 44.....

@AFA111 2 ай бұрын

Why I'm seeing this in May 2024? Is this a warning? 😂

@akmohd8204 2 ай бұрын

Brother I'm here for a reason When every person richer then me stop buying , you need to worry too

@Meloniecreations 3 ай бұрын

normal day in crypto

@JamesWilliams-qn5cq 3 жыл бұрын

Gr8 Stuff !!! This is a Real Classic.

@korallrev3497 4 жыл бұрын

too bad i was too young to invest in this time.... when the market went down it was an AMAZING discount oppurtunity... FUCK

@wendymacias12 3 жыл бұрын

yuppp, I feel you😭

@petergriffin9931 2 жыл бұрын

did you buy 2020 recession?

@FirinMahLazer1 3 ай бұрын

I love the corporate spin from the duo in the beginning trying to sound upbeat and then the second lady sounds like she's about to cry

@heyheyhey33351 12 күн бұрын

I dont get why the news always shows whole number changes when talking in indexes. Percentage change is what should be shown.

@1323GamerTV 3 жыл бұрын

They show the circuit breaker rules like they show how over time works in college football

@Kr13579 3 жыл бұрын

How many people are watching 👀 this because you think a correction is coming soon?

@Underhills Ай бұрын

The past is always more interesting than the future. But few people learn from it.

@tyler548 2 ай бұрын

I was In high school, I remember ONE of my teachers being excited for the market crashing. A lot of kids asked questions, he said “I am buying throughout all of this.” He is the energy I want to have if something like this ever happens again

@DisposableSupervillainHenchman 2 ай бұрын

Only problem now is that the ultra-rich get the government to shovel more money into the stock market to keep their asset values artificially high, which takes away from our ability to buy cheap during any kind of downturn. The correction will always be pushed back until it literally can no longer and it hurts even more people.

@MADBADBRAD 2 жыл бұрын

I can’t even imagine all the buying that was going on during this dip.

@kendrickpfaff4805 2 жыл бұрын

Imagine the selling

@vietnammg 11 ай бұрын

2008 but looks like 1980 wtf

@etxkevin7452 3 жыл бұрын

Bonus: Erin Burnett 😍😍😍

@dylanvega352 3 жыл бұрын

That look of fear is what keeps me going

@bravodude2398 3 жыл бұрын

BIO-RAD stocks is foking amazing, $663 now, @2008 it was $28

@cerro830 3 жыл бұрын

Who’s here trying to learn what happened because of what’s happening with GME?

@AegoEzroh 3 жыл бұрын

Basically banks started putting together shit mortgage bonds (I.E no proof of income, low credit scores, stuff like that). These mortgages had adjustable rates so when started, anyone could afford an expensive home, but in 2007 those rates went up by 200-300%. Nobody could pay their mortgage and the banks went bankrupt. That's the basics of it. If you want to learn more there's a good movie about it called "The Big Short" explains it quite well.

@dru70292 3 жыл бұрын

@@AegoEzroh Don't forget that part about the government being the biggest backer of some of those loans, freddie mac and fannie mae.

@warbob2430 3 жыл бұрын

What have we learned from this video? Well in an investor point of view, we've learned that the price of the market ultimately always goes up, even if there's a crash. The people that didn't sell on funds, such as the s&p500 didn't lose money if they just held their funds. As a person buying a house, then don't buy things you don't really need, such as the latest phone, the latest car, a house that is bigger than you actually need.

@STXRBOY999 4 жыл бұрын

I’m here after the DOW is down -1,032 points during the pre-market [2/24/20] 📉 the stock market has been red for 3 days in a row, I smell a recession (as you may call it, correction.)

@abcde1996 4 жыл бұрын

Michael_6ivenchy I was here too! Recession incoming! - February 24, 2020

@sesaenosorez7161 4 жыл бұрын

Same here its still red!!!!!’

@STXRBOY999 4 жыл бұрын

Sesaen Osorez it will only get worse tomorrow, it’s Friday. People tend to sell their stocks before the weekend

@sesaenosorez7161 4 жыл бұрын

Michael_6ivenchy oh yea your absolutely right we’re screwed

@designertjp-utube 4 жыл бұрын

Hi! I'm here because the 02/28/2020 Stock Market is crashing due to increased threats from the *CoronaVirus* . Have the big wigs just found a _"diseased fall guy"_ to put the real blame on?

@Venusfruit44 4 жыл бұрын

What a chaos....

@CristianCarvajalC 3 жыл бұрын

A great time for alligators

@joaoyapur1247 3 жыл бұрын

AAAAAND IT'S GONE!

@timhet200 3 ай бұрын

October 2008… there was another 5 months of selling until the market bottomed in Feb 2009. However, the indexes survived and were at the same levels of October 2008 a year later. Interesting to learn from history.

@rjo8500 3 ай бұрын

There was also a fairly large sell off November 2007 that recovered. There were warning signs.

@luc0007 3 ай бұрын

@@rjo8500The Jim Cramer's of the world were convincing people to BUY & that everything would be fine

@codelessunlimited7701 2 ай бұрын

I remember this day when me and my mom drove across the residential streets where houses are being foreclosed left and right. The scenery is very gloomy and eerie.