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Dow slumps more than 500 points after key consumer inflation reading is hotter than expected
CNBC ^
| 10/13/2022
| Alex Harring
Posted on 10/13/2022 6:45:33 AM PDT by Tell It Right
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The S&P 500 is down 27% from its ATH, even after adjusting for dividends. It's down 8% since Depends-in-Cheat moved into the WH.
To: Tell It Right
“The S&P 500 is down 27% from its ATH, even after adjusting for dividends. It’s down 8% since Depends-in-Cheat moved into the WH.”
I’m supposed to retire on Monday. Now I have to wait eight years. Thanks Joe Brandon.
2
posted on
10/13/2022 6:47:29 AM PDT
by
EQAndyBuzz
(DJT24)
To: Tell It Right
How can the index be down due to the inflation report? Joe Biden had that big party at the White House, to celebrate the Inflation Reduction Act. Didn’t the Inflation Reduction Act reduce inflation? What the heck????
To: Dilbert San Diego
Don’t be confused. Soon he’ll take to the microphone to explain that 8.2% is really zero. Then everything will be ok
4
posted on
10/13/2022 6:50:15 AM PDT
by
j.havenfarm
(21 years on Free Republic, 12/10/21! More than 5000 replies and still not shutting up!)
To: Tell It Right
This is historic. To be one of the top five worst years EVER for the S&P 500, it will have to have more than -25.1% for the year. As we sit here right now it is at -26.74% YTD. So we have a real chance of one of the worst years in the history of the market. That should be big news. The media is really downplaying it.
Four of the top 5 worst years were in the Great Depression decade. So that is the territory we are entering. No way this level of market decline doesn’t start to impact the broader economy in a big way.
5
posted on
10/13/2022 6:50:33 AM PDT
by
Codeflier
(I am just going to assume you are a Democrat if you call me a Putin supporter and ignore you.)
To: Tell It Right
The S&P 500 is down 27% from its ATHWell, 30% decline is one heck of a correction. Unfortunately I suspect we have a flat market for 2 years and maybe 4 years to make up these losses.
6
posted on
10/13/2022 6:50:56 AM PDT
by
1Old Pro
To: Tell It Right
Your graphic is clairvoyant as I see Obama coming out to help his drooling VP by stating something like the following “When I was elected, we were looking at the darkest days of economic doom but we did what we did and turned it around...etc...BS”
7
posted on
10/13/2022 6:51:03 AM PDT
by
frogjerk
(More people have died trusting the government than not trusting the government.)
To: Dilbert San Diego
Your wealth is what the Dims are taking to “net zero”.
8
posted on
10/13/2022 6:51:39 AM PDT
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Tell It Right
9
posted on
10/13/2022 6:51:48 AM PDT
by
Lurker
(Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
To: Tell It Right
Might even rally green today. Lot's of these numbers are priced in for some. That's what makes these things so unpredictable.
10
posted on
10/13/2022 6:52:05 AM PDT
by
Theoria
To: j.havenfarm
Soon he’ll take to the microphone to explain that 8.2% is really zero.Not this month, the monthly increase was 0.4%.
11
posted on
10/13/2022 6:52:09 AM PDT
by
1Old Pro
To: Tell It Right
The market is returning the love the biden crowd gave America
12
posted on
10/13/2022 6:54:05 AM PDT
by
no-to-illegals
(The enemy has US surrounded. May God have mercy on them.)
To: Tell It Right
13
posted on
10/13/2022 6:54:52 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Tell It Right
No it’s not. Besides, you people are too stupid to understand how good this is for you! /democrat defense
To: Tell It Right
Currently:
DOW 28,967.02 -243.83 -0.83%
S&P 500 3,533.65 -43.38 -1.21%
NASDAQ 10,216.17 -200.93 -1.93%
To: Tell It Right
Come November...will it still be (Clinton's) the economy (stupid)?
Or
...continue this 21st century build back better Bolshevik (stupid)?
16
posted on
10/13/2022 6:59:15 AM PDT
by
RckyRaCoCo
(Please Pray For My Brother Ken.)
To: j.havenfarm
17
posted on
10/13/2022 7:00:21 AM PDT
by
themidnightskulker
(....And then the thread dies.... Peacefully.... In its sleep....)
To: Codeflier
Bonds have gotten crushed as well.
18
posted on
10/13/2022 7:00:51 AM PDT
by
Theoria
To: frogjerk
One reason I got out of all of my equities funds when Brandon entered the WH was because most of my funds were sky high. I wanted to hold those gains.
Brandon entering the WH with little room left for stocks to go up was scary -- a very different scenario from Obama entering the WH after the S&P 500 had dropped 50% and had nowhere to go but up.
IMHO Trump doesn't get enough credit for keeping up a high stock market he inherited. The bull market was already 12 years old when he entered the WH; it seemed to have more room for going down than up. Yet he kept it going strong until the china virus. And even with the market tanking bigly in 2020 it rebounded almost as quickly so that 2020 was a net positive.
19
posted on
10/13/2022 7:00:59 AM PDT
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: themidnightskulker
Sorry. Should be:
“Shut up,” he explained.
Need MOAR coffee.
20
posted on
10/13/2022 7:03:21 AM PDT
by
themidnightskulker
(....And then the thread dies.... Peacefully.... In its sleep....)
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