(Zero Hedge)—US retail traders are panicking this AM after likely receiving push notifications on their smartphones about market turmoil in Asia and Europe, which has since spread to the US premarket. Now that the cash session is about 15 minutes underway, website monitor DownDector reports outages are emerging across several major US brokerage houses as everyone tries to log into their accounts and sell stocks.
DownDector reports that users of Charles Schwab, Fidelity, Ameritrade, Vanguard, and E-Trade are all reporting website outages, which have been surging around the start of the US cash session.
For more color on the global stock meltdown, read this earlier note: “Black Monday: Futures Plummet As VIX Hits 62, Japan Suffers Worst Point Drop In History.”
Just panic, just panic everywhere (courtesy of Bloomberg):
Here’s what X users are saying…
@CharlesSchwab wtf super not cool – so close to losing a long time TOS user after months of downhill app performance since the handoff from TDA#thinkorswim $SPY $QQQ $IWM pic.twitter.com/wVAhby9SSp
— NoSlack4Romeo (@ns4r101) August 5, 2024
🚨 https://t.co/wGXe2KE5ya, formerly ThinkorSwim, shows a "technical problem" and is already preventing trades, while Robinhood has halted trading on their site. These financial institutions are protecting their rigged and corrupt legacy systems. It's time for change! pic.twitter.com/NsYnxr59ML
— CryptoRealtor (@mycryptorealtor) August 5, 2024
Won’t even let people log into thinkorswim are you fucking serious? @CharlesSchwab pic.twitter.com/HqHYKZXRui
— Colton Groves (@itscoltongroves) August 5, 2024
Weird. I can't log on to my brokerage account to buy more $TSLA. Tried multiple times. Something tells me this is not by accident looking at how red the market is today.
— Doctor Jack (@DoctorJack16) August 5, 2024
Anyone else unable to log into their brokerage account?
— AntiGanda (@AntiGanda7846) August 5, 2024
Can't log in to @CharlesSchwab brokerage account.
Unacceptable.
— Eric Stevenson 🇺🇸 (@ewstevenson) August 5, 2024
My brokerage account#USD #Yen pic.twitter.com/HwtUSYHWTi
— Vigneshsr (@vicky_evol) August 5, 2024
@CharlesSchwab won’t even let me log into my account. Have to appreciate the flimsy infrastructure of these brokerage firms on days where it’s most critical to have eyes on your portfolio and be in a position to take action that best fits your own needs. #crash
— Weldon Boley (@WeldonBoley) August 5, 2024
Hmmm.
They solved the problem. You cannot dump your stocks if you cannot log in.
— Big Fish (@BigFish3000) August 5, 2024
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.