Posted on 09/13/2022 11:11:45 AM PDT by Signalman
Stocks tumbled Tuesday after an August inflation report showed higher consumer prices than expected, as investors worry the Federal Reserve will raise interest rates even higher to combat rising prices.
Inflation reached a four-decade high of 8.5% in July and 9.1% in June, leading the Federal Reserve to hike interest rates even more to combat surging prices. Core inflation, which does not include volatile food and energy prices, increased 0.6% on a monthly basis in August, twice as much as economists predicted and double July’s 0.3% rise, though gas prices fell from record highs this summer.
(Excerpt) Read more at msn.com ...
I got out of the market, even in my IRAs, and into cash positions, so I’m affected less that I’d have been fully-invested in the stock market, now that I’m retired. The 7-15% monetary inflation sucks, though.
As long as there are dips, there will dipwads trying to catch falling knives.
Betting it tanks by 1000 during his speech today.
Might tankby 1000 within the next 5 minutes.
Market might rally after friday because of opex, put there will be a dramatic shift to more defensive stocks, aka divs and such in the next few days. It was a total sell the news event over inflation coming down. Only non shoppers would think inflation was under control.
Down a full grand now…and sinking
Just went u Der by 1000.
Works better with the accent.
You vill own nussing, unt ju will be happy!
I’m 75% out of the market, also in cash. What else can we do?
Biden might want to cancel that party at WH he has planned for in 20 minutes.
After it drops 30%, it will bump back up 10% and the news media will declare that Biden has presided over the greatest bull market in forever and ever. Amen.
Good thing I already squandered my 401K.
Wow, NASDAQ down over 4%.
They always leave off the "OR ELSE(You vill vee zent to zee campz)" at the end of that sentence.
And have the stock traders, corpratists exc...asked where they will be in a world where no one owns anything?
Maybe the gobalist 1% will share their wealth with them? 🤔
I might as well, it might not be there for me not too far down the road.
I’ve got 5 years left to go till retirement, I’m going to have to ride this one out
DOW down by 1075. It’s nose diving
1085 now.
Somebody should have fart checked the “experts’” inflation figures. ROTFLMAO. It looks as though the drop in gasoline hasn’t impressed Wall Street afterall.
-1105.....
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