🟠🟣 BLACK MONDAY 2.0? Markets just posted their worst 2-day crash since COVID, and yes Jim #Cramer is yelling about 1987 again. But this time, he might actually have a point. On April 2, 2025, the wheels came off. Trump’s new global tariffs sparked a violent selloff. In two trading days: • #Dow dropped 3,910 points • #S&P 500 fell 10.8% • #Nasdaq crashed 11.4%, now down 22% from its December highs This isn’t a correction. It’s a breakdown. The setup feels eerily similar to October 1987. Back then, markets dropped 3 straight days before Black Monday obliterated 22.6% in a single session. This week looks like déjà vu: multi-day declines into a weekend, global panic brewing, and #Europe threatening tech with new regulation. #JPMorgan just raised its U.S. recession odds to 60%. Volatility is spiking. Market structure is fragile. Everyone is hoping circuit breakers and Fed liquidity can stop a full collapse. Maybe they can. But they can’t stop forced liquidations, panic selling, or psychological contagion. We might not get a repeat of 1987’s 22% single-day #crash. But the conditions for something big cascading breakdown, a global margin call are already in place. If this isn’t Black Monday 2.0, it might be the dress rehearsal. However, unlike #1987, today’s markets have circuit breakers and other protections designed specifically after the #BlackMonday crash to prevent such rapid declines. But if you understand #Bitcoin, we both know how weak and useless the Keynesian centralised system is. Stack sats and stay humble #Nostr. View quoted note →