Home Powell-Yellenburg Omen? Dow Drops 1,000+ Points, NASAQ Down 5%, Commodities Rally After Lunch As Fed Fear Strikes

Confounded Interest ^ | 05/05/2022 | Anthony B. Sanders

[Browns Ultra Fan]

It has been a miserable day for markets as The Federal Reserve struggles to get inflation under control.

The Dow fell over 1,000 points today and NASDAQ was down a cool 5%.

Is the Hinderburg Omen back in fashion? Better yet, the Powell-Yellenburg Omen?

While equity markets have gotten clobbered by Powell and the Gang, commodities at least rallied in the afternoon.

[Browns Ultra Fan]

Lots of luck with The Fed screwing over the middle class to atone for Biden's economic sins. And Biden is doubling down with 100 more environmental regulations.

[Repeal The 17th]

Yeah, I was up 2 1/2% yesterday and down 1 1/2% today.
That’s what the market does.
Money may move around, but it has to sit somewhere.
(R17’s 2nd rule of economics)

[Karl Spooner]

Reuters:
Rouble leaps to over 2-year high vs dollar, euro as EU ups sanctions

[Vigilanteman]

I should have shorted more yesterday . . .

[griswold3]

Dec 22 corn 7.2850