Big Three Downplay Stumbling S&P’s ‘Worst-Ever’ First 16 Trading Days

mrcNewsBusters ^ | 1/26/2022 | Jeffrey Clark

[jeff_clark]

The Dow Jones industrial average took an icy plunge of more than 1,000 points on Monday — its worst start “ever” — but ABC, NBC, and CBS chose to whitewash the shocking news and gave the story just minutes of coverage.

Bloomberg News reported on Monday that “[t]he stock market has never been down this much 16 trading days into a year.” The shocking drop of 11 percent was “the most on record at this juncture, according to Bloomberg data that goes back over nine decades.”

This is scary news for Americans already gravely concerned about job numbers and inflation, but apparently it was no big deal to the Big Three nightly news networks. NBC, CBS, and ABC downplayed the news on Monday night and almost completely ignored it on Tuesday evening.

[rktman]

Damn that Trump.

[Diana in Wisconsin]

[Bobalu]

I’m down about 50k

Charlie Brown committed suicide.

It’s a cold, dark winter so far :-/

[brownsfan]

“I’m down about 50k

Charlie Brown committed suicide.

It’s a cold, dark winter so far :-/”

Biden was 1/2 right. It is a cold, dark winter of death, but vaccination status isn’t a factor.

[plain talk]

After a drop early on Monday the Dow later in the day climbed back up to where it was and perhaps a tad higher for the day.

[proxy_user]

The reality is that the market is grossly overpriced. Utilities at 23 times trailing earnings? Big tech at 50 times earnings? Companies losing money hand over fist at 50 times sales?

If interest rates go up 100 basis points, you will see a sudden and dramatic fall.

I gave a presentation to my investment club using a few simple valuation formulas. These formulas predict that if interest rates rise 50 basis points, Amazon stock will fall 22%, and if they rise 100 basis points, Amazon will decline 36%. Numbers don’t lie.

[Osage Orange]

I dunno,,,I did pretty good with Oil plays.

[CatOwner]

Stock markets went down. At the same time, bond funds got clobbered. This has not been my experience with bond funds investing in them the past 20 years. I hate this planet.

[Da Coyote]

One of N reasons to totally avoid trusting or supporting the airlines.

Where N is a very big number.

[Da Coyote]

Oops, somehow got to wrong blog reply. My bad.

[Pearls Before Swine]

For no good reason, the most reliable indicator of a year’s stock market performance is the Super Bowl indicator. It’s 74% accurate over the past 50-odd years. It says that if the AFC team wins, it will be a down market, and vice versa for the NFC team.

Unfortunately, I think KC is the most likely to get into and win this year.

Sell, sell, sell!

[setter]

We need a healthy correction. I would like to see it drop another 2000-2500.

[RoseofTexas]

That was the soro, fkaberg and the rest of tech trillionaires rescuing Brandon's bacon!

[dynachrome]

And gold is taking a dive again.

[Flick Lives]

Stocks down, inflation up, toilet paper missing.

All is right with the world.

[FLT-bird]

I don’t feel badly about stocks. I’m in the crypto market. I would LOVE to only be down 10%.

[alexander_busek]

I’m in the crypto market. I would LOVE to only be down 10%.

Instead of down X%... where "X" is... ?

Regards,

[Texan]

I wish I was don’t only that much.

[Texan]

re: stocks and bonds

They usually trade inversely. Not in the same direction.