Argentina suffering biggest stock market collapse in history

Make it stop plz Kek

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Its even worse on the one paired with the dollar

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this is how the recession starts, get ready for 100k btc

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this.
mfw it all started with retarded argies voting with their asses again.

t. 40yo Uruguayan

so why is it dropping?

>recession caused by subhuman south american country
yeah nah

commies are ready to get back into government.
it's ogre

MY WIFE STILL DOESNT BELIEVE ME

this is your fault, you voted for this.

What caused this?

It has to start somewhere

>-50%
Holy fuck!

who do you think just voted the socialists in?

Argentina has economic crises every few years alone and it has little impact on the global market

what is the y axis?

Looks like you bought the top nigga

Guys, serious question. I am in the EU. How do I buy Argentinian stock?

imagine the short

Please?

don't because Argentina was in a permanent economic crisis for more than half century.

Nobody here is invested in Argentina, unless some shitcoin I don't know of is Argentinian.

wait until the real thing happens, stocks will go even lower probably

Why don't they just inflate the monetary supply so their stocks will moon? Worked for Weimar and Venezuela.

even then, how do I actually buy Argentine stocks? I tried looking but I literally found nothing...help biz

I was thinking it would be a good idea to maybe buy some natural gas companies or maybe some TV networks or military companies, stuff that literally cannot go tits up

there are argentinian stocks on the fucking NYSE

don't know. sorry

I am in the EU

How much to buy female Argentine thralls? Would they work for food or are things not quite Vuvuzuela tier?

It's a 10x gain in like 6 years. Did people think it was just going up forever?

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Wow. We haven't seen the index this low since all the way back in *squints* April 2019

Much crash
The only solution is to employ another disaster capitalist as president to sell off all the public assets to a few oligarchs. That will surely solve the issues

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What was the cause?

niggers

>What was the cause?
The current right wing US puppet president has basically driven the economy into the ground by selling off all the public assets, agreeing to pay back bonds that the government already defaulted on (resulting in a completely unnecessary transfer of billions of pounds from the public purse to a few wildly rich foreign speculators) and cutting public spending to the bone, leading to mass unemployment and civil unrest.
In the primaries he got BTFO by a socialist candidate. Likely will get BTFO again in the general election in October. The disaster capitalists know their time of raping and pillaging the Argentinian economy are coming to an end and are withdrawing their ill-gotten money.

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* When will the next great crisis arrive? *

I was thinking about investing with a dollar cost averaging strategy 500$ each month into a Vanguard index fund BUT sp500 seems too unbalanced to start now.

When do you guys think the next big drop will happen? Which markers are you taking into account? Did they work for 2008?

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Should I buy the dip?

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not yet, wait until the real thing

Try a chart in USD

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>even then, how do I actually buy Argentine stocks? I tried looking but I literally found nothing...help biz
user, the commie government coming in is going to nationalize a lot of businesses(steal them). Be careful

>voting with their asses again.
argies are homosexual?

>Merked.com

This is the greatest honk in the 21st century so far. Holy fucking kek hahahaha

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Lel

There’s no such things as functioning businesses in commie shitholes everything gets stolen by the gov and looted

You are a fucking retard

Last time it was greece, a literal corrupted shithole mixed with turks almost broke the entire european union.

please tell me Venezuelan expats didn't vote socialist, so depressing if true. You'd think they would be relatively more right wing like cuban expats.

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Alberto is unironically a moderate, things should be fine until he gets Nismanized

WHATTAMI GUNNA DOOOO???

>who do you think just voted the socialists in?
This is like californians that escape california and go to texas to vote for dems?

They're not escaping California, user; they're colonizing Texas instead.

primary elections, the leftists did a lot better than anyone expected.

it's not really a 10x gain if you account for the inflation of the currency. price the argentinian stock market in USD instead of the junk money they have.

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bingo

kek, legit strat

6 YEARS OF GAINS GONE ABSOLUTELY JUSTED

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Checked

dabbed and checked

>idk what the fuck i'm talking about

shut the fuck up, peronist piece of shit. you and your nigger shitstained kind are to blame for this.

beautiful

That's literally what they've done lol.

Careful, Argentina has been at like 40% inflation which'll increase pricing- check in USD like the other user said.

I asked about it yesterday on /smg/ and only one guy responded saying it was nothing. You guys should have listened.

It's already here. But government data is so manipulated that itll take time to actually show up as a technical recession. The feds gonna cut rates 75bp next month, gold is taking off. Its fucking here. Do what you can, as fast as you can like fucking last week.

Timing the market is bad- but at the same time we are rather high. I'm consistently contributing independent of market conditions, and when I believe buying opportunities are coming I increase my savings- extra money (beyond investment money) going to savings for when it happens. Currently have 1k waiting for a larger downturn.

Argentina has a stock market?

Family doesn't believe me, friends don't believe me... everyone just blindly trusts Trump... why is everyone so fucking stupid!?

Lmfao right? This shit doesn't matter at all

Everything is interconnected, this will effect the global market

Nevin wills it

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it's going to be a global depression

Jesus, the mexican stock market has turned into a crypto market

Uruguay is like the Switzerland of South America, correct?

its just a speculation panic. the new gov comes in in, it will be business as usual and it will go back up

Imagine shorting in ARS terms and still losing money in USD terms

Nice. What else ya got

>tfw used to talk mad shit about Argentinians but then I made an Argentinian friend through shared passion in a fandom and now I can't even make fun of this because I'm worried for him
Love hurts. Hope these instant consequences make the gibsmedatters regain their perspective and not elect another demented peronist.

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You wish.
We are a slightly less retarded Argentina with less natural resources.
We don't get the luxury to Fuck up the economy that badly because we would never recover.
Argentina is like a cork they crash and somehow always go up again

Just a warm up guys.
The DOW is next this year.
It goes up, but it goes down.

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>muh choices

Doesn’t matter the outcome, politics is a sham. No matter the outcome only a certain group of people win.

Socialism only works well in homogenous countries. Norway is still pretty homogenous. The moment they become diverse is the moment they become a shithole.

Socialism works the best when paired with nationalism and homogeny. Blood and soil.

Pension funds most likely let their investment money trickle to shit bonds in 3rd world countries since they guaranteed an aggressive return %, pension funds HAVE to have the money for police and firefighter boomers no matter what. Do the rest incel

your fiscal and trade policies literally don't matter one fucking bit unless your country has a high average IQ

Does this huge drop even affect the average Argentinian? I wouldn't have thought that third worlders would even have something to lose in a stock market crash other than their jobs and wages since they don't generally have savings and need the government to provide for retirement.

Is "investing" is looked on as some sort of bourgeois Western thing in Latin America or am I wrong?

based reality poster

2nd Falklands War unironically

Markets function on confidence, not rationality. Once you realize that the entire financial system is a dog and pony show, you understand how to make money.

Buy low, sell high. You'll know when things are getting low in the stock market when your nightly news is screaming bloody murder about the stock market.

Similarly, near tops there is a pervasive level of exuberance in the system and very low VIX levels.

This is communism my dude, the entire point is that the government simply takes your business and all its resources.