alessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 2 days agoIntel crashes 29% in worst day since 1974, wipes $140Bworldbusinesswatch.comexternal-linkmessage-square98fedilinkarrow-up1597arrow-down16
arrow-up1591arrow-down1external-linkIntel crashes 29% in worst day since 1974, wipes $140Bworldbusinesswatch.comalessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 2 days agomessage-square98fedilink
minus-squareElting@piefed.sociallinkfedilinkEnglisharrow-up13·2 days agoWait a couple more hours for the trading to open back up and watch what happens to the other tech stocks, they’re either gonna bounce or the floor is gonna fall out of under them.
minus-squarer00ty@kbin.lifelinkfedilinkarrow-up3·2 days agoThey’re already up in OOH trading. Not a guarantee they will go back up when US trading opens proper. But, it’s usually a good indication.
minus-squareElting@piefed.sociallinkfedilinkEnglisharrow-up15·2 days agoWhat’s the saying, that the market can ignore reality longer than you can remain solvent, or something to that effect.
minus-squarer00ty@kbin.lifelinkfedilinkarrow-up3·2 days agoWell it’s certainly rarely based on any logic I can ascertain, that’s for sure.
minus-squareElting@piefed.sociallinkfedilinkEnglisharrow-up5·2 days agoIt’s really just a gauge of how good the investors are feeling, a real market crash would involve way more than a sell off.
Wait a couple more hours for the trading to open back up and watch what happens to the other tech stocks, they’re either gonna bounce or the floor is gonna fall out of under them.
They’re already up in OOH trading. Not a guarantee they will go back up when US trading opens proper. But, it’s usually a good indication.
What’s the saying, that the market can ignore reality longer than you can remain solvent, or something to that effect.
Well it’s certainly rarely based on any logic I can ascertain, that’s for sure.
It’s really just a gauge of how good the investors are feeling, a real market crash would involve way more than a sell off.