"US futures dropped in early trading, amid the fallout from heavy losses on Wall Street on Friday and Berkshire Hathaway Inc.’s weekend disclosure that it slashed its stake in Apple Inc. by almost half during the second quarter. Contracts indicate that Australian, Japanese and Hong Kong shares are set to drop on Monday.

Berkshire’s selling is “going to be immediately seen as a negative,” said Mark Lehmann, chief executive officer at Citizens JMP Securities. “Apple is the number one player in the global consumer space and that’s the statement about the global consumer.”

Oil rose in early Monday trading after Saudi Arabia lifted the price of crude it sells to Asia and amid reports Iran may strike Israel to avenge assassinations of Hezbollah and Hamas officials. Saudi Arabian and Israeli stocks slumped more than 2% on Sunday, outpacing Friday’s losses on Wall Street."

https://finance.yahoo.com/news/japanese-stocks-tumble-leading-equities-002002021.html

For reference

The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history.

On Oct. 19, the Dow fell 22.6 percent, a shocking drop of 508 points.

I don’t expect near this tomorrow, but it is going to be a bloodbath…I can see 5-6%, with darker days ahead.

These are going to challenging times, for everyone. Make no mistake about that.

Prepare your soul, love your families and simplify your life as best you can. Dark times are where your light shines brightest.

Prayer, meditation, take prayer walks as often as you can. Turn to Him in times of confusion and darkness. We are nothing without Him 🙏

"LORD, thou hast heard the desire of the humble: thou wilt prepare their heart"

Psalm 10:17

With the precipice clearly in sight, what can we do to handle the incoming storm and ultimately win this war?

My thoughts in my latest Substack article:

https://open.substack.com/pub/absolute1776/p/arriving-at-the-precipice?r=17vhyz&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Follow @insiderpaper

The futures markets…

Timmmmbeeeeeerrrrrr.

https://x.com/rawsalerts/status/1820454616028344653?s=46&t=F6MKWT9

JUST IN: 🇺🇸 Over $1.93 trillion wiped out from the US stock market so far today.

@WatcherGuru

JUST IN: The following trading platforms are reportedly down:

• Charles Schwab
• TD Ameritrade
• Vanguard
• E-Trade
• Fidelity

@WatcherGuru

BREAKING: Google broke the law with its monopoly over online searches and related ads, a federal judge ruled on Monday, in the first victory for U.S. antitrust authorities who have filed a string of lawsuits to battle market domination by a handful of Big Tech companies.

The decision is a significant win for the Justice Department, which had sued the search engine giant over its control of about 90% of the online search market, and 95% on smartphones. U.S. District Judge Amit Mehta noted that Google had paid $26.3 billion in 2021 alone to ensure that its search engine is the default on smartphones and browsers, and to keep its dominant market share.

"The court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly," Mehta wrote.

Mehta's ruling against Alphabet's major revenue driver paves the way for a second trial to determine potential fixes, such as requiring the company to stop paying smartphone makers billions of dollars annually to set Google as the default search engine on new phones.
READ | XPOST

President @realDonaldTrump choosing a song…

“Thinking that it’s going to come back under proper management…how about California Dreamin’” - @MargoMMartin