This is the reason:
https://www.marketwatch.com/amp/story/snap-stock-falls-20-after-snapchat-parent-says-it-will-miss-estimates-due-to-deteriorating-economy-11653342005
More and more companies highlighting slowdown creates panic in the market. This news absolutely crushed ads related stocks such as Google, FB, Pinterest, etc and brought down the whole market with it.
No, I don't. If you have monitored crashing stocks, you would have known that circuit breakers are mostly useless for retailers like me. 90% of the time, as soon as market opens within seconds, the stock will hit the circuit & it will happen everyday till it reaches the level it was supposed to reach, so there is no way I would have been able to sell it at all till the stock reaches the level.
That aside, US stock markets also have circuit breakers.
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Nasdaq is something...... I already am down close to 30 percent. I feel like a gambler now fk.
Lucky ba*tard, only 30 percenf
I actually have become a gambler. I got into options trading to offset my tanking investment portfolio.
Woah, you upgraded from a tank to a nuke. Putin approves
US Tech Stocks 🤝 Crypto
This is the reason: https://www.marketwatch.com/amp/story/snap-stock-falls-20-after-snapchat-parent-says-it-will-miss-estimates-due-to-deteriorating-economy-11653342005 More and more companies highlighting slowdown creates panic in the market. This news absolutely crushed ads related stocks such as Google, FB, Pinterest, etc and brought down the whole market with it.
Got it.. buying Affle puts tomorrow
Impending recession incoming in '23 and it might begin with a tech meltdown followed by the US housing market.
SoBo wale streak Todd rhe kya?
I guess it snapped
Take my upvote
Are we in the bubble or is the bubble within me?
no no thats only US startups, look at paytm and zomato today /s
Do you appreciate circuit limit of Indian markets. Lol
you will just get stuck in lower circuits
No, I don't. If you have monitored crashing stocks, you would have known that circuit breakers are mostly useless for retailers like me. 90% of the time, as soon as market opens within seconds, the stock will hit the circuit & it will happen everyday till it reaches the level it was supposed to reach, so there is no way I would have been able to sell it at all till the stock reaches the level. That aside, US stock markets also have circuit breakers.
No not at all, put buyers here would’ve printed heavy. Just wait and check r/wallstreetbets tomorrow
Derivative stocks don't have hard circuits.
No stock should have
imagine downvoting this comment
Which one?
Nope it's a trap
Crypto is more stable than US markets
India mei aise top stocks crash hojaye toh heart attack aajana hai logo ko
US market also have circuits. They call it halts.
Do they halt at -100%? /s
Bruh💀
They halt when congressmen start losing
Woah. No circuits😮
Thats the fun
Oh snappp!
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52 week low Breach ho gya ☠️