The stock markets are already crashing

Lockheed Martin's new "affordable" hypersonic missile is called Mako.
The Mako Multi-Mission Hypersonic Missile is a stand-off hypersonic missile developed by Lockheed Martin and CoAspire, specifically designed to fit in the internal weapons bay of the F-35A/C and F-22A.[1] It is the first hypersonic weapon compatible with a fifth-generation fighter.[2][3] The missile was unveiled in April 2024 at the Navy League’s Sea Air Space exposition in Maryland, with Lockheed Martin pitching it to both the U.S. Navy and Air Force.[1] It has also been considered for deployment on submarines and surface warships.[1][4]
Wikipedia

Hypersonic missiles for what is intended to be a hypersonic and controllable warfare.

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Global financial markets crash, volcanic eruptions, earthquakes, hurricanes, floods and twin X-class flares this Black Monday, what's missing? Shhh don't tell​

Why are U.S. markets plummeting TODAY?​


It's all the fault of what specialists are calling a 'perfect economic storm': Last week, the U.S. reported worse-than-expected employment data, which sparked market fears of a possible recession and caused the Federal Reserve to be questioned for keeping interest rates so high for so long.

The plunge on Monday, August 5, is such that the swaps market assigns a 60 percent probability that the Fed will have to implement an emergency interest rate cut, something not seen since the early days of the COVID-19 pandemic.

"The Fed could to save the day with a big rate cut, but the case for a cut between meetings seems flimsy," argued Brian Jacobsen, chief economist at Annex Wealth Management.

"Those measures are usually reserved for emergencies, such as COVID, and a 4.3 percent unemployment rate doesn't really seem like an emergency."

No..but Yes :lol:

"The economy is not in crisis, at least not yet," opined Callie Cox of Ritholtz Wealth Management. "But it's fair to say we're in the danger zone. The Fed is in danger of losing its way here if it doesn't better recognize the cracks in the labor market. Nothing is broken yet, but it is breaking and the Fed is at risk of falling behind."

JPMorgan Chase's Mislav Matejka, whose team is one of the last high-profile bearish voices left this year, said stocks will remain under pressure due to weaker trading activity; a drop in bond yields; and a deteriorating earnings outlook.

Comment: Inflation is such that McDonalds reported a 12% drop in net profits Americans are eating fewer hamburgers that have doubled in price in the last four years.

"This does not appear to be the 'recovery' backdrop that was expected," Matejka wrote. "We remain cautious on equities."


The "Magnificent Seven" set to lose $1 trillion, led by Apple and Nvidia​


Apple and Nvidia were leading this 'Black Monday' selloff in tech stocks, as fears of a U.S. recession and Berkshire Hathaway's decision to reduce its stake in the iPhone maker thwarted a months-long rally in the sector.

High-performing shares of Alphabet, Amazon, Meta Platforms, Microsoft and Tesla fell as much as 12.2 percent in pre-market trading.

Losses on the "Magnificent Seven" securities were set to amount to nearly $1 trillion in the companies' combined market value.

Semiconductor stocks, Wall Street's big winners in the artificial intelligence business, also plummeted: Advanced Micro Devices, Intel, Super Micro Computer and Broadcom fell as much as 10.3 percent.


Well, say it, the financial world needs a war...
 
Wh...what?

Intel CEO tweeting passages from the bible.

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The question no one is asking is why are the tech stocks being hammered?

Possibly as an eventual shift in interest rates in one side and in the other the fear that the conflict between Iran and Israel could escalate.

Technology stocks high valuation is based on the anticipation of future earnings. If those future earnings are discounted more heavily due to higher interest rates, it effectively makes them less valuable, which could lead to a decline in stock prices.

It is also known that people do not consume technology in times of war as they focus mainly on meeting basic needs.​
 
Someone's about to make a loooot of money.
Warren Buffett

"Somehow" he guessed what was coming and made his assets liquid, days before.

Berkshire Hathaway has increased its cash stockpile to almost $277 billion as of June 30, a record and significantly up from the previous $189 billion, according to its second-quarter earnings report.
Last quarter, the company sold billions of dollars' worth of its Apple stocks, reducing its holdings by almost 50 percent—from 790 million shares to 400 million shares.

 
Another factor that influenced the fall of the financial markets was the imminent Iranian attack on Israel, which did not happen over the weekend but certainly kept investors on edge. Iran rather focused on psychological warfare that puts more pressure on Israel. Among the thousands of comments on social networks about the financial crash and Black Monday the following was undoubtedly the most intelligent:

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Let's hope that the millenarian Iranian culture has influence on their leaders and PATIENCE reigns. With Harris and Trump in the presidential race it is only a matter of time before the powder keg of civil war erupts.


The account of X "Megatron" made the following comment on the uncertain situation experienced this Monday

The waiting by Iran and keeping the region under high pressure is the first blow to Israel which is financial.

A huge drop in the stock markets yesterday around the world, not to mention the Israeli stock market and economy.

Israel is under severe pressure and suffering heavy economic losses. No sane person invests money in an Israeli company that could be blown to pieces tomorrow.

Fear and uncertainty are also affecting their home businesses.

Flights are canceled, shipping is reduced, import-export is down, a large part of the population is looking for a way to get out of the country at least until the situation calms down.

The north of the country is paralyzed, the south at Eliot is bankrupt. All this will fall on the back of the USA, which will have to prepare a new aid package.

That is why both Iran and Hezbollah continue to issue only threats to the public. It suits them. Israeli media announced yesterday that Israeli officials are considering launching an attack before giving Iran a chance to do so. The wait brings them a big financial blow


Nasrallah, the leader of Hezbollah also just announced that waiting for response is a part of 'psychological and economic warfare against the Zionists."


 
A huge drop in the stock markets yesterday around the world, not to mention the Israeli stock market and economy.

Israel is under severe pressure and suffering heavy economic losses. No sane person invests money in an Israeli company that could be blown to pieces tomorrow.
For some reason, I believed that some major CPU fabs were based in Israel. It seem I was wrong. I was thinking mainly of Broadcom, but others too.

So if Israel does not contribute to the world's highest tech, what do they have to trade? When I was a kid, the only item I saw was a plastic toy / game called "mastermind", with a plastic box and some colored plastic pegs. It was maybe a plastic variation of a cribbage board.
 
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