Hopefully this bubble doesn’t kill those businesses.

A Limp Bizkit reference? In this economy?

Well done, internet person.

The healthy ones will recover. I imagine there will be a few 3% dips over the next months. I wasn't expecting it in a single day though, lol.

Are you happy now? Just wait. You're about to be even happier.

Companies pouring money into AI are the ones to look at. Example:

They're still doing doing great if you zoom out further, but it's a potential start.

Comparing to the fluctuations of the pre-April boom, it’s a little bit bigger.

Why would Obama do this?

Biden's post-presidency grows ever more based as he singlehandedly pops the AI bubble

Bro we are just getting started on this bear market, tread very cautiously attempting to buy the dip at this juncture.

Yes, now is the time to catch the knife

So you recommend buying at the beginning of a crash?

sorry, I couldn't hear you over the sound of me shorting Nvidia and micron

You buying already? Report back in 6 months on how it went.

So Amish stocks

Who's left? Apple?

Because their extremely dangerous and 100% independent, unprompted, rouge Sam Hypeman model needs more RAM. Duuh..

It's not nothing, but it is historically small potatoes. In 1987 the s&p500 dropped over 20% in a day.

There is more to come.

I thought there was pretty much consensus here that AI is a bubble.
IT as whole IDK, but most definitely AI.

Probably preparing to push the markets right back up tomorrow

Its news, but its not 2008-financial-crisis or Black Monday (22.6% drop in a single day) scale news.

Whats reading even more strange to me is that the 3% drop indicates a sell-off of stocks. The idea is that the money disappearing from the stock market goes somewhere, but all of the normal places it goes are also dropping.

• Gold up only 1% since two days ago
• Short term (4 week) US Treasuries are down by about 10 basis points since last week.
• Real Estate sales are down
• Private Equity withdraws are still hitting their max ceilings

Is this a selloff to pay off debt perhaps?

How familiar are you with the stock market? Because that’s 3x what it moves in a normal day and represents billions in losses.

It's "suicide hotlines being posted on WSB" bad, that's my usual indicator for newsworthy stock crashes.

The NASDAQ drop today is equivalent to a 1 day ~12 or 13% drop just 3 years ago......

It's a big drop. No comment on what it means, bit it's absolutely a big drop.