@@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.
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.
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.
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.
‘’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.
@@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
@@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
'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.
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.
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
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.
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.
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
@@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.
@@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.
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.
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!
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.
@@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
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.
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.
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
@@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.
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.
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
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
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.
@@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.
@@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.
@@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.
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
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.
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.
@@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
@@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.
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.
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.
@@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.
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.
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.
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.
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.
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.
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.
@@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.
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
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.
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.
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.
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.)
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?
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.
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.
I force myself to watch this every time the market hits record highs.
I will from now 😂😂
Let's hope inflation post covid doesnt snowball lol
😭 gas is up
Preparing for the post covid market crash
Well today was the day for a correction.
Imagine you rung the opening bell and the stock market does this...
They rung the bells of death
lol, looking at their stock you wouldn't think it carried any negative press.
they start ringing the bells and for whom the bells tolls starts playing
I would troll and ring it a minute late
I actually had BioRad not long ago in my portfolio lol
His face when -50 becomes -200 in a couple of seconds...
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.
@@dailyfuturetrades4998 odds are some center was finally able to send the sales from their part to the main center
@@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.
@@dailyfuturetrades4998 definitely big hedges insider trading ahead of everyone ,pulled out like the scum they are while the rest of the world burned
The republicans should have let them fail all the big banks.
when you buy the dip but it keeps going lower
guh
Inevitable. Gotta accept it.
@@xoxxo236 🤣 that was brutal to see
then buy more as it goes lower
ah yes the art of catching a falling knife. good stuff. It is my favorite hobby.
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.
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.
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.
How can I reach this person?
‘’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.
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.
3:47 - somebody just lost every penny they had.
5:05 💀
@@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
@@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
That’s exactly why you don’t invest money you can’t afford to lose
@@diablo55 there’s really no such thing
The overwhelming ominous feeling I get watching this and looking to our future makes my stomach hurt.
'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.
As far as I know, these Creecys will keep repeating themselves in this system.
It’s not broken, it’s working as intended.
get ready bitch, better make a portfolio that can handle the bear and bull market... play those options.
Literally
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.
Stocks are high: "They are rising, buy now!"
Stocks are low: "What a bargain, buy now!"
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
$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
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.
DCA FTW
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.
I remember Subway gave us the 5 dollar foot-long.
You're gunna make me cry.
and it was actually A FOOT long
It was actually quiznos, Subway just had better marketing.
@@JorgeOrtizIII "The early bird gets the worm. And the second mouse gets the cheese."
@@Dagrizzb Eye opening words, thank you!
You can hear the desperation in their voices and it sounds more and more dire with each passing second
This wasn't even a TH-cam suggestion - I searched for this and I have not a single clue what is even being said. Why am I here?
literally me hahaha
Same here 😂
Margin Call brought me here
Yep
You're still ahead of the other 99%
2008: market opens -100pts
2020: hold my beer.
if you don't understand percerntages then ho do you even invest????
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
2008 was the result of reckless lending, 2020 was the result of reckless management.
@@luc0007 um.... a 6.7% drop doesn't make your account go to 0...
Lol huge difference
Imagine all the people who were looking forward to retire and cash out on there 401ks in 2008
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
@@JohnySilver7 but wasn’t it the mortgage bonds that failed?
@@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.
@@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.
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 😉
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
It lasted till 2009
@@Nouveau0 And it wasn’t until 2014 that the U.S. finally recovered all the jobs that were lost during the Great Recession.
5 trillion
You dont lose until you click sell
Yes but you lose years of gains if your equity is cut in half
Who’s here during the market crash in 2020 cuz of
The corona virus
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.
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!
GE trading at $17.50 per share! That is pretty good versus it’s 2020 price!!
I bought Boeing at $326. It was at $98 about ten days ago. Ouch!!!
@@matthewlorono Totally true.
Everyone who can THINK saw the damn bubble at least on October, 2018.
RIP Mark Haines. Lovely guy who steered viewers through the crash with wisdom, humor and total integrity.
History doesn’t repeat itself but it often rhymes
History most definitely repeats itself
@@PeachDragon_ no it doesn’t, nothing is ever the same.
@@Guitardudeftw well no shit
@@PeachDragon_ thus "doesn't repeat itself but rhymes*
@@user-wq9mw2xz3j fair enough
Damn I was just an 11 year old kid I can't imagine how terrifying this was for my parents
I was too but I never heard of 2008 crash or what stock market is.
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.
My dad was not alive to witness this. Probably would have freaked out about it too.
Id be salivating looking at that delicious dip
@@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
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.
I’m From Bermuda dunes in the desert ! My dad also lost a lot during the recession . I was 8
my parents divorced 1 2 years after this, over mortgage default. in south europe.
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.
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.
Baby boomers
" Honesty is a very expensive gift. Don t expect it from cheap people"
- Warren Buffet.
Warren Buffet is an Investor. Not a shark not a trader.
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
Buffett is a disappointment. Another greedy leftist hypocrite. Thanks Warren… I’ll take my chances on that Bitcoin you hate on so much.
@@greenlight2323 you forgot a hypocrite.
@@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.
Guy screaming at 3:47
@M L say what?
@@neighbor9672 Dude legit was in pain.
😅
Lol yep.
😱
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.
100% agreed
Yep, it could drop forever it seems but when it bottom the wick is gonna be INSANE
You understand 🤝. We are in shambles and it’s being covered by the governmental Trojan horse.
Of course. It was orchestrated for the 1%
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
dayum..
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
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
Buy gold.
anon go home
Brandon Villatuya 2008 was the best buying opportunity since the 30s the market will ALWAYS go back up, then it’ll go back down
They were 100% right though. It WAS a buying opportunity for those with the right level of risk tolerance and timeline
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.
Same here
Me too just watched the big short
Same!!!
Same here #thebigshort
Very educational movie 🎬 , even for ppl who invest all the time
Imagine owning amzn, apple, google back then and held on.....jeez
Same goes for today...new company’s will eventually catch up to them! Just need to find the hidden gemz
@@LiveMental virgin galactic making me money SPCE also penn national gaming but I’m new tryna find other gems
@@strawberry97ish SPCE and GME are stupid redditor memes, not gems.
@@BITCOIlN what do y’all recommend then?
@@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.
2008 quality look like the 1990s holy shit
MICROSOFT $21 😍😍😍
but microsoft was considered a failure during 2000-2014
@@coshvjicujmlqef6047 yeah. Consider by "speciallists" to make u dump free shares to them
@@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.
@@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.
@@coshvjicujmlqef6047 No, It was not lol.
Why 2008 looks like 1998?
This is why crash happened in 2008
prolly bc it was recorded on a videotape
@@sussyimposter572 YOutube already existed back then no need for tape
VHS tape my bro bro. Look at the horrible tracking. That’s vhs copy of a junk cable tv channel.
I watch this video once in a while to remind myself what the stock market can do to you
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.
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
It is 287 in 2024 and falling with a negative PE ratio.
7:50 this guy knew what's up
Brandon Villatuya Exactly. Very relevant today ;)
Or rather what was down
He probably bought a couple of Puts lol
This guy was definitely up to some insider shit
@@plutobaby9996 How so?
Anyone here in 2024 wondering if it will happen again?
Not likely. Diamond hand through up and down and we’ll be back where we are.
Apparently it happens regularly over the decades. Or "this time it's different"? 😉
Maybe 😮😢😅😊
If it does, I'm going all in near the end of trading.
@@brucetec6597 to the moon 🚀
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
That first guy being interviewed on the floor was a genius, if he was buying a lot he must be extremely rich now
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.
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.
@@robloxvids2233he couldn’t have known at the time
@@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
@@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.
This footage looks so old.... It will be in UHD in 2021...and I'll be smiling...
Peter was right
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.
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.
We are ridiculously close to another crash
@@JoesLife89 well then you should buy some SPY puts and make a fortune
I wish I buy amz at $40 a share ))
Yaa.. me too
I would’ve bought even at $500
Unbelievable, people who bought Amazon, Google, & Apple on this day & held till now are at least millionaires if not billionaires
@@lyon9489 not me ((
@@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.
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
Ok
Was? It is but the first volley
Gamestop is the first step on the path to revenge.
The game is only beginning.
Power to the players
The works not done
@@NoName-cc9cy No it isn't. Hold the line
Oh my gosh, GE was influential enough back then that they owned CNBC, had no idea
King Christophis Peak GE was around 1999. At one point they were the largest market cap company and bigger than Microsoft!!!!
GE literally owns America...
@@jroo272011not anymore. That would be Amazon and Apple.
2:13 He's so worried and she's tryna play it off lol
AMAZON AT 40 USD, NOW ITS 3000 🥲🥲🥲
MSFT at 21, now is 200
MSFT $430.00
i bought microsoft at 420 and it crashes. QQ
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.
I can just imagine the volatility plays u could have done
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.
I really appreciate when video graphics and microphones weren’t creeping up into crazy quality
This was likely recorded off a vcr lol
Imagine how those people who were buying Microsoft, Apple, Amazon, etc during this crash are doing now
i was going to say the same..apple at $90..MS at $30..google at $330
those people were already wealthy so…
Nasdaq is going crap from October to around like 1st quarter of December I. 2008
Adjust those prices for actual inflation.
I’m researching to get a glimpse of what’s to come for my portfolio 😂
GameStop: Power to the player
Best lesson to learn as a new trader.
I always enjoyed Mark & Erin broadcasting from the floor. RIP Mark.
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.
3:48 the sound you make when stocks go down 😢
LMAO
You can hear the pain in his scream rip
2008: aaaaGGGHHH. 2021: guh.
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.
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.
I was just staring investing at this point. Very valuable lesson to learn, earlier the better
The bottom can be very low indeed
How I feel as soon as I buy into crypto and there is another dip 😭
So many suicides as a result of the 2008 Recession. So much human and financial loss due to greed amongst high level bankers.
Wait till the economy continues to sell off this year. It will make the recession of 2008 look like child's play
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.
@@CCROGGY Nah look at where we are now
Amazon stock is sitting at $2600 a share... Jesus christ
@@Nouveau0 unfortunately, debt is still skyrocketing to unstable levels as we speak. Thankfully, my shares are up tho lol
Who ended up here now in Feb-2024 very worried about what’s currently happening? Look at our housing prices now and pending recession.
Never forget 2008
Ape together, ape strong
When banks and investors failed us
@i get it this!
Satoshi cooking Bitcoin
Government regulation*
Who said their goal was to benefit "us"
@@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.
Curious what the OI on puts were that day and whether one could get in and out of puts and sell calls easily
I miss Mark. Great reporter! Nice man!!
Im here after watching the big short movie hahah
This guy knows . He definitely made a lot of 💰. 7:50 and 10:30
Yeah man makes you kinda wish we would get something like that again lol
The man really had the perfect counter to the crash and no one heard him😅
Lol the market didn't bottom for another 6 months
Fun isn't something one considers when balancing the stock market..........but this does put a smile on my face
Looking at this know , the discounts here and opportunities in this makes me cry
Funny that BIO-RAD is up 300% over the last 5 years
Amazon 44.....
Why I'm seeing this in May 2024? Is this a warning? 😂
Brother I'm here for a reason
When every person richer then me stop buying , you need to worry too
normal day in crypto
Gr8 Stuff !!! This is a Real Classic.
too bad i was too young to invest in this time.... when the market went down it was an AMAZING discount oppurtunity... FUCK
yuppp, I feel you😭
did you buy 2020 recession?
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
I dont get why the news always shows whole number changes when talking in indexes. Percentage change is what should be shown.
They show the circuit breaker rules like they show how over time works in college football
How many people are watching 👀 this because you think a correction is coming soon?
The past is always more interesting than the future. But few people learn from it.
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
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.
I can’t even imagine all the buying that was going on during this dip.
Imagine the selling
2008 but looks like 1980 wtf
Bonus: Erin Burnett 😍😍😍
That look of fear is what keeps me going
BIO-RAD stocks is foking amazing, $663 now, @2008 it was $28
Who’s here trying to learn what happened because of what’s happening with GME?
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.
@@AegoEzroh Don't forget that part about the government being the biggest backer of some of those loans, freddie mac and fannie mae.
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.
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.)
Michael_6ivenchy I was here too! Recession incoming! - February 24, 2020
Same here its still red!!!!!’
Sesaen Osorez it will only get worse tomorrow, it’s Friday. People tend to sell their stocks before the weekend
Michael_6ivenchy oh yea your absolutely right we’re screwed
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?
What a chaos....
A great time for alligators
AAAAAND IT'S GONE!
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.
There was also a fairly large sell off November 2007 that recovered. There were warning signs.
@@rjo8500The Jim Cramer's of the world were convincing people to BUY & that everything would be fine
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.
His face during the first part of the interview is me checking amc whenever anybody is talking about something that's not amc
Still holdin’ on, bud? $15.38 right now, big ol’ discount
So glad that could never happen again now in 2024 - this bull run is totally different.
I remember this well. Nothing like being a fresh college grad entering the workplace to this.
I can't believe the bulls' voices weren't cracking during their interviews
I can't wait for the 202X sequel.
They’ll be running around like “chickens with their heads cut off” trying to prop up this Ponzi scheme economy. I can't wait!
In b4 the big drop of March 16!
Does anyone know where you can back test this ?
I'm saving this to archive for history.