Posted on 01/24/2022 10:33:02 AM PST by Browns Ultra Fan
The stock market has never started a year falling as quickly as it is now.
The S&P 500 has dropped 11% — heading into correction territory — in the first 16 trading days of 2022 in its worst-ever start to a year, according to Bloomberg data that goes back over nine decades.
The downturn comes as traders brace for the Federal Reserve to tighten monetary policy and a surge in U.S. Treasury yields weighs on the outlook for stocks. A host of technical signals also suggest that more volatility may be coming up ahead.
S&P 500's 11% drop in first 16 days is worst of all years
“The Fed pulled the punchbowl, liquidity has evaporated, and the S&P and NDX broke below their 200dma for the first time since the Covid outbreak,” said Rich Ross, technical strategist at Evercore ISI.
A bear market down to the 3,800 level is likely for the S&P 500, Ross said, given “the dramatic erosion of the technical backdrop, in conjunction with the highest inflation, tightest policy, and most uncertain political and geopolitical condition in years” — not to mention its historic rally since 2020.
But look at Europe too!
(Excerpt) Read more at confoundedinterest.net ...
#Bidensmarketcrash
Jao Bai-din can call former President Jimmy Carter for advice. /sarc
There is a long standing saying about the stock market.
Namely, what happens in January sets the stage for what the rest of the year will be like.
Wall Street has this week to make January end in the positive.
Somehow I do not believe that will happen.
Moved everything into a money market account, into asset preservation mode. When things turn, then I’ll get back in.
The market needed a correction. Probably needs another 10 percent.
You only lose if you sell.
“in the first 16 trading days of 2022 in its worst-ever start to a year, according to Bloomberg data that goes back over nine decades. “
Apples and oranges. Each decade the moves in the markets occur in shorter and shorter timeframes. A 10% move that took a month to unfold decades ago now occur in hours or days. Technology keeps compressing the time.
Biden is making a run at Woodrow Wilson for the worst President ever.
And like Woodrow, his wife most likely will be the one running the country.
“..A year of Biden and what we might get is war...”
Yep. They gotta “do something” to take the heat off their pedophile and merry band of communists.
But, hey, all the suburban soccer moms across the fruited plain that voted for the POS should now be happy; NO MORE MEAN TWEETS!!! Whadda sorry bunch of moronic dumbazzes.
New MAGA campaign theme?:
” it’s the economy, stupid!”
My portfolio is matched by Speaker Pelosi. Guaranteed money maker!
I cashed out 1/4th of my S&P holdings last month. I guess I made a good profit over the last few years.
Now I have to decide whether to ride it out or move them into something more stable. I will probably ride it out.
I’m thinking the S&P 500 will fall a total of 30% if quickly (like 2020 and 1987) or at least 40% if it takes a while (the 49% drop in 2000 last two and a half years, the 56% drop in 2008 lasted a year and a half).
Falling knives, and all.
Hopefully, most folks, here, were prepared as could be, for this.
“..Biden is making a run at Woodrow Wilson for the worst President ever.....”
IF all the truth were known, he’s probably waaaay well past Wilson.
Me too, except I put it in many bond funds too. I’m a bit heavy in long-term treasury funds since they tend to go up a lot when equity mutual funds drop bigly.
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