Posted on 05/05/2022 9:31:23 AM PDT by John W
Stocks plunged Thursday — with the Dow plunging more than 1,100 points — wiping out the gains from the previous session’s massive rally. In midday trading, the Dow Jones industrial average had slumped 3.3 percent. The S&P 500 index sank 165 points, or 3.8 percent, while the tech-heavy Nasdaq was the biggest loser, giving back 651 points, or 5 percent.
(Excerpt) Read more at washingtonpost.com ...
Let’s go Brandon.
So it finally dawned on some fool that Powell said he had a plan for raising rates?
Yesterday they were so excited about that.
What happened?
This world of today is insane. Nothing makes sense anymore.
1,100 used to be a significant percentage. What usually happens when things are going wildly up or down is it starts becoming unstable. That is, it loses a lot one day, gains a lot the next, and does that for a week or so, before the bull or bear correction really takes hold.
That seems to be happening with PM’s right now too.
As I stagger into retirement, I watch the Dems burn my savings. It makes me sad, but I sincerely hope that the a-holes that voted for this rotten old pervert experience real trauma. Hunger and loss of their residence would be a nice start.
“What happened?”
If you figure it out, you can make a lot of money. I was watching FBN and a guest was being questioned using data that in the past predicted outcomes. The guest correctly asserted that this is a time unlike any other.
Libtards love taking a wrecking ball to our economy to fund their frivolous projects 🤪
I second that.
Yeah but hey the Dems think that no one will give a hoot about the fact that inflation is through the roof, crime is at an all time high, and your money isn’t worth the paper its written anymore and that all people will care about is baby murder..they are in for a rude awakening, the ONLY ones that are pro baby murder dont vote Republican anyway
Joe wants abortion?
He got it today!
But the rule is: Buy on the Dips. And we don't have a bigger "dip" than Biden.
There is massive manipulation in the market. Tons of short selling, all sorts of hijinks. Poorly regulated, pretty much a free-for-all. Buffett, the original value investor, said last week the market was nothing more than “a gambling parlor”. Retail investors get screwed.
That being said, the S&P 500 index has averaged at least 10% gains for the past century for investors in it for the long haul.
“This world of today is insane. Nothing makes sense anymore.”
It would make perfect sense once we figure out who is getting filthy rich out of all these shenanigans.
I’m hoping for one more big rally to exit a lot of shaky positions. SPY will ne around 380 before people start to truly accept that the bears have won.
My advice to young people is to ignore the “experts” and time the market.
Wait for the real crash (50%+) and then go deep into the market when everyone else has panicked.
You will know it is time to buy when everyone on FR is screaming “sell, sell, sell”....
Stock up on dry and can goods it’s going to be a long bad ride.
I’m sure nobody was long or short on any of the advance knowledge of the last few cycles.
wink wink.
These wild day-to-day swings were characteristic of the second half of 2008, before everything collapsed. But beginning in March of 2009, there was a tremendous 12-year turnaround, the largest one ever. The Dow went from a low of 6,500 to 36,000 something.
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