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 ...
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.
It gets worse, factor in inflation losses.
Believe me, I do that too.
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"
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?”
You are right. We have to remember that.
Market and inflation both impact the economy
Not even close to lows or real panic
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.
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?
Hang Seng (HSI) is up 200.
That was prior to the DJIA opening today.
Closer to capitulation
Yes, that wouldn’t surprise me
Back to retest the June lows, S&P ~3700
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.