not gonna be a pretty friday today..... but more in line wiht the blue wave. i wonder if the shorters closed shorts yesterday
🚨 BIGGEST SINGLE-DAY WIPEOUT IN US STOCK MARKET HISTORY
$2.8 Trillion has been wiped out from the US stock market today so far, the largest one in history.
Previously, the largest single-day wipeout was of $2.69 Trillion during the Covid crash.Community noteBlack Monday (Oct 19, 1987) was the largest one-day percentage drop in S&P 500 history at –20.5%, wiping out roughly $500 billion (about 20% of the then ~$2–3 trillion total U.S. market).
For context, the S&P 500 was down roughly 3–4% in trading on Nov 5, 2026.
Sources:
federalreservehistory.org/essays/stock-m…
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Igor retweeted
This was Anthony Albanese in 2022 when the Reserve Bank of Australia lifted rates to 0.35 bps.
How well has this aged with the cash rate at 4.85 bps?
@paulsakkal @jamesmassola
#auspol
How well has this aged with the cash rate at 4.85 bps?
@paulsakkal @jamesmassola
#auspol
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Igor retweeted
This was @JEChalmers when the Reserve Bank of Australia lifted rates once in 2022.
How well has this aged @jamesmassola @paulsakkal
#auspol
How well has this aged @jamesmassola @paulsakkal
#auspol
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Even @X calls BS.
Today's decision by the RBA was widely expected, but that doesn't make it any easier for families and businesses.
It's difficult news for many Australians who are already paying a hefty price for circumstances outside their control.
We take responsibility for our part of the fight against inflation, which is why we're finding savings at the same time as we roll out relief.
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Igor retweeted
Monday morning dose of reality:
The Federal Government can't 'ease the cost of living' for everyone without stoking further inflationary pressures.
It's just not mathematically possible.
And yet, we have the ongoing pantomime.
#auspol
The Federal Government can't 'ease the cost of living' for everyone without stoking further inflationary pressures.
It's just not mathematically possible.
And yet, we have the ongoing pantomime.
#auspol
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The nation is hurting, our economy is collapsing, and our PM is partying in the Caribbean! insane. #Auspol @SenatorCash @PaulineHansonOz do something.
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Before anyone says - it's 100% government fault. @JEChalmers and @AlboMP can't run an economy. Can't run a country. Neither the middle east conflict nor the other global events have anything to do with massive government spending. We need a change in policy. Change in government.
RBA has hiked rates to 4.85%
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if you are in #Australia - ohh man - u r up for a ride... gen Z and gen Alpha about to learn their economy life lesson "live" so to speak. rates highest in their lifetime. war is looking with oil >100. unemployment to hit 5%... strap up....
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Igor retweeted
Can’t pay your mortgage? Too bad.
Labor’s subsidising EVs for people earning $190k.
And you’re paying for it!
Labor’s subsidising EVs for people earning $190k.
And you’re paying for it!
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