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Is today the day the bubble bursts?
(lemmy.world)
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this post was submitted on 30 Jul 2026
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Apparently, it has been bursting for a week or so. But if you want to take today as the official date, ok.
The interesting thing is that the US didn't even raise their interest rates.
I don't exactly remember but I think it's because last time they did it, and scientific consensus is that made the recession last way longer.
Wish I had a source for that...
S&P500 is still up year over year. What do you monitor to know that the stock market is bursting?
Wallstreetbets, mostly.
What? That's a vibes assessment of all the things. Do not go investing based on random internet comments.
Really? My companies stock shot up, and we have been doing terribly for a while
Does your company make guillotines?
We're being run by morons. Please don't take anything we do or don't do as any kind of reliable signal.
It's not a signal, it's more of a cause. Things are happening and they didn't even cause them.
I hope so, but it's still too early to know for sure if this the main event or just another temporary hickup.