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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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To: Signalman

Yeah, I know it hurts, but the demonrats won elections for 50 years on the back of 1929. I want the markets to tank. I want people to start sleeping under Biden-Blankets and urban camping in Harris Houses (cardboard boxes) on the sidewalks in big democratic-run cities.


21 posted on 08/26/2022 2:33:32 PM PDT by Fai Mao
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To: HartleyMBaldwin

It gets worse, factor in inflation losses.


22 posted on 08/26/2022 2:37:01 PM PDT by PTBAA
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To: PTBAA

Believe me, I do that too.


23 posted on 08/26/2022 2:38:52 PM PDT by HartleyMBaldwin
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To: Fai Mao
I want the markets to tank.

I agree it hurts like the dickens but I agree, I kept saying I like the high gas prices, I hope these idiots (especially the younger idiots) remember all this in November.

"It's the economy stupid"

24 posted on 08/26/2022 2:46:19 PM PDT by ozarkgirl ( )
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To: Signalman

I don’t regularly watch the news.

How did they spin this to go along with “surging rise in popularity of Biden portends big wins are coming for the Democrats in House and Senate midterms?”


25 posted on 08/26/2022 3:20:03 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: MeneMeneTekelUpharsin
The markets mean nothing. It’s the inflation that is going to destroy almost everyone’s finances.

You are right. We have to remember that.

26 posted on 08/26/2022 3:21:01 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: MeneMeneTekelUpharsin

Market and inflation both impact the economy


27 posted on 08/26/2022 3:25:23 PM PDT by rb22982
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To: SaxxonWoods

Not even close to lows or real panic


28 posted on 08/26/2022 3:25:54 PM PDT by rb22982
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To: Obadiah
And I’m the idiot for going full Michael Burry?

Same for me since about November last year. I did jump in on Target and a few others when it was selling at a nice discount, but got out of it again a few weeks back.

Other than some of the meme stocks which I've made my money several time over, then brought back at the deeply discounted rates, just to see if they'll rise again. There are a number of stocks being heavily shorted out there, and if just one or two them start to take off, it could be a catalyst for the rest, which would lead to a major opportunity in the markets since firms will need to exit other positions.

29 posted on 08/26/2022 3:27:51 PM PDT by voicereason (The RNC is like the "one-night stand" you wish you could forget.)
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To: Signalman

I don’t know if I should bother putting my monthly $500 in to my kids 529 plan these days. I haven’t put any money into it in the past 3 months.

What do you folks think? Should I just bank it and make a big payment to the 529 later this year? Or just keep sending it in hopes that it doesn’t go down too much further?


30 posted on 08/26/2022 4:04:05 PM PDT by CapnJack ( )
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To: Ken H

Hang Seng (HSI) is up 200.


31 posted on 08/26/2022 4:05:57 PM PDT by Bshaw (A nefarious deceit is upon us all!)
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To: Bshaw

That was prior to the DJIA opening today.


32 posted on 08/26/2022 5:33:58 PM PDT by Ken H (Trump /DeSantis)
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To: Salvey

Closer to capitulation

Yes, that wouldn’t surprise me

Back to retest the June lows, S&P ~3700


33 posted on 08/26/2022 5:43:25 PM PDT by thepoodlebites (and that government of the people, by the people, for the people, shall not perish from the earth.)
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To: SamAdams76

What about weekly 401k checkers?

I checked mine this past Wednesday. I moved everything from two index funds to a cash money market fund. I’ll wait out the Biden adjustment and move back in when the prime rate is above the 10 year.


34 posted on 08/26/2022 5:52:29 PM PDT by Justa (If where you came from is so great then why aren't Floridians moving there?)
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