"Black Monday" Fears vs. Green Futures
Multiple sources are invoking 1987's Black Monday as markets open, but US stock futures are actually green across the board. Bulls and contrarians are pushing back hard against the doom narrative.
What we know
The dominant narrative this hour is fear of a Black Monday repeat. Several accounts on X both invoke 1987, with econoar pointedly asking if futures were also green that day. An account on X jokes it's Black Monday in a 'neither red nor green' sense. Meanwhile, another account on X is the authoritative counter: futures opened S&P +0.2%, Nasdaq +0.2%, Dow +0.1%, and they call selloff worries 'overdone.' another account on X goes further, saying to 'send BTC to 90k' into the panic. Another account on X dismisses prediction-market consensus (80% Fed hike odds, Black Monday warnings) as 'majority vote never wins.' another account on X calls the flood of doom content 'insane levels of bear posting.' Valuation context: Another account on X notes the Buffett indicator hit a record 288% (vs 172% in 2000 peak and 240% in 2021).
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.