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S&P 500 Drops 3%, Dow Loses 1,000 Points
WSJ ^
| 8/26/2022
| Hannah Miao
Posted on 08/26/2022 1:42:39 PM PDT by Signalman
Stocks took their worst beating in months Friday, with the Dow industrials shedding more than 1,000 points and notching their worst day since May.
The S&P 500 closed 3.4% lower The Dow industrials dropped about 1,008 points, or 3% The Nasdaq Composite dropped 3.9% All 11 of the S&P 500's sectors finished in negative territory. Only 5 components in the benchmark index closed higher.
The major averages each posted roughly 4% losses for the week.
(Excerpt) Read more at wsj.com ...
TOPICS: Business/Economy
KEYWORDS: bideneconomy; bideneffect; bidenlegacy; dow; greennewdeal; sp500; wsj
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1
posted on
08/26/2022 1:42:39 PM PDT
by
Signalman
To: Signalman
People who check their 401k daily freaked out.
People who check their 401k quarterly or annually...sipping on a margarita about right now (it is Friday night).
2
posted on
08/26/2022 1:44:35 PM PDT
by
SamAdams76
(3,918,974 users on Truth Social)
To: Signalman
3
posted on
08/26/2022 1:46:04 PM PDT
by
Ken H
(Trump /DeSantis)
To: Signalman
And I’m the idiot for going full Michael Burry?
Almost completely out of stocks at the moment and am now sleeping at night. Sure, it will rebound slightly next week...followed by a lower low.
If only we could inject more money into the system via student loan debt forgiveness or something. Yeah, yeah, that’s the thing.
4
posted on
08/26/2022 1:48:40 PM PDT
by
Obadiah
(Finishing is better than starting.)
To: Signalman
Closer to capitulation, it’s progress.
5
posted on
08/26/2022 1:53:20 PM PDT
by
SaxxonWoods
(The only way to secure your own future is to create it yourself.)
To: SamAdams76
Sipping on a margarita to dull the pain, no doubt. The DJIA is now down almost 3,000 since a year ago, or about 8.3%. Only down about 1.1% in the last three months, though. Drink up!
To: Signalman
The markets mean nothing. It’s the inflation that is going to destroy almost everyone’s finances.
7
posted on
08/26/2022 1:55:48 PM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: Signalman
8
posted on
08/26/2022 1:57:41 PM PDT
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: Signalman
On thursday the stocks went up quite a bit then on friday fell past wednesday close. The only plus was the FED made the speech after the stocks rose or it would have been much worse.
My AMD stock was up over 4% on thursday and now down 6.17% so 2%+ further down. Last week on thursday it was at $100 and today at $91.18
Yesterday was at $97.18 then BLAT!
Click on the 5 day to see the rise then the drop: https://finance.yahoo.com/quote/AMD?p=AMD
Any new spending proposals coming next week from congress or biden? !!
We need them and oh throw in some more billions to help Ukraine....
9
posted on
08/26/2022 1:59:44 PM PDT
by
minnesota_bound
(Need more money to buy everything now)
To: SamAdams76
10
posted on
08/26/2022 2:01:59 PM PDT
by
BipolarBob
(Vote NOW!! to repeal the Second Law of Thermodynamics like your life depends on it.)
To: Signalman
Thank goodness Biden passed the inflation reduction act.
11
posted on
08/26/2022 2:03:06 PM PDT
by
blackdog
(Cooler King Joe, killing a winning nation every day. )
To: Chode
FJB...
—
I bought out-of-the-money FJB put options expiring January 2025.
12
posted on
08/26/2022 2:03:24 PM PDT
by
Flick Lives
(FJB and the corrupt FBI)
To: Signalman
We need more sanctions on Putin to cripple his economy!
To: Flick Lives
14
posted on
08/26/2022 2:09:40 PM PDT
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: Signalman
Coming from the same WSJ who asserts that Europe won’t be rationing energy this coming Winter. LMAO.
15
posted on
08/26/2022 2:09:53 PM PDT
by
cranked
To: Signalman
Hey you effing dumbass global elite BSers! You and your insane Green Agenda started an inflation catastrophe!
16
posted on
08/26/2022 2:10:02 PM PDT
by
Chgogal
(Uncle Brandon wants your money.)
To: minnesota_bound
The effing dumbass elites suddenly realized they started an inflation catastrophe.
17
posted on
08/26/2022 2:11:32 PM PDT
by
Chgogal
(Uncle Brandon wants your money.)
To: SaxxonWoods
Closer to capitulationYes, that wouldn't surprise me.
18
posted on
08/26/2022 2:14:58 PM PDT
by
Salvey
To: MeneMeneTekelUpharsin
Correct. Inflation is a killer. Invest in hard assets.
19
posted on
08/26/2022 2:23:09 PM PDT
by
Obadiah
(Finishing is better than starting.)
To: Obadiah
Yeah it’ll probably bottom at 20k. And it’ll take a year to do it.
20
posted on
08/26/2022 2:29:03 PM PDT
by
struggle
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