Beginning of the crash??

[DonJohnson]

in Canada there are also no fixed rate mortgage term.

100% of mortgages are variable. lmfao

there are going to be so much selling and foreclosures soon.

[CTsar]

Housing market 9% down in Canada. Buyers unable to secure mortgage, because by the time they go to close, banks home appraisal shows that the value has fallen drastically.

https://www.reddit.com/r/wallstreetbets/...ame=iossmf

[jho]

The crash in the Nasdaq is looking a lot like the bursting of the 2000 dot-com bubble — and that lasted almost 3 years

Quote:The plunge in the Nasdaq has been swift and brutal: the tech-heavy stock index has now slumped more than 30% from its November peak.

For many on Wall Street, the plunge is raking up nasty memories of the bursting of the so-called dot-com bubble in 2000. In fact, the sell-off so far has been worse than back then.

From its peak on November 19 last year, the Nasdaq Composite index had plummeted 32.7% as of Monday's close, according to data company FactSet.

Over the same timeframe, the Nasdaq had dropped 25.2% from its peak on March 10, 2000 through to September 28.



The scary thing? In 2000, the Nasdaq kept tumbling. It dropped almost continuously, falling 78% from March to early October 2002 — a brutal two-and-a-half year wipeout. The index didn't regain its 2000 high until 15 years later.

[jho]