Black Monday Trends on Twitter as Nasdaq Futures, Japanese Stocks, Bitcoin All Crash

Update, 8.5.24: "U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. The Dow Jones Industrial Average dropped 951 points, or 2.4%. The Nasdaq Composite lost 3.1%, and the S&P 500 slid 2.7%. The blue-chip Dow earlier fell as much as 1,200 points.

"Fears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report. Investors are also concerned that the Federal Reserve is behind in cutting interest rates to bolster an economic slowdown, with the central bank choosing instead to keep rates at the highest in two decades last week." CNBC

In what may be the biggest story of 2024, Asian markets are falling, US futures are down. The Japanese stock market, the Nikkei 225 posted its largest 2 day drop in history. The drop is greater than black Monday crash of 1987.

Warren Buffet has sold half Berkshire Hathaway's $72 billion stake in Apple Inc. Warren Buffett’s Berkshire Hathaway sold $75.5 billion worth of stock. They’re now sitting on a record cash pile of $276.9 billion. Warren is famous for accurately timing the market.

There is no recession in the data. But investors are concerned with the Federal Reserve's failure to cut rates.

As for Cryptocurrency, Bitcoin is down 22% the last week, more than 10% just today. Ethereum is down 31% for the week. (21% for the day)

Some trends showing the increase purchase of military stocks under way. This isn’t fully verified but you can see some patterns.

Talks about Fed reserve considering lowering rates half a point next month to stabilize the massive potential stock market loss in August.

Rumors of an underground bunker in Jerusalem where senior leaders can remain for an extended period during a war has been prepared by the Shin Bet security service and is fully operational, the Walla news site reported on Sunday, amid fear of attacks on Israel from Hezbollah and Iran. The bunker, reportedly built almost 20 years ago, can sustain hits from a range of existing weaponry, has command and control capabilities, and is connected to the Defense Ministry headquarters in Tel Aviv, the report said.

"No one in the news media wants to talk about it, but I think part of the problem is that nobody knows who Kamala Harris is or what she wants or what her policies would be," said one investor. "And she has a 50/50 chance of being the next president. Meanwhile, Joe Biden appears to have retired."

"WWIII looming, markets crashing, UK at a boiling point, US election season. Buckle up, folks."